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A Cyber Insurance Backstop

Schneier on Security

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion.

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New RA Group ransomware gang is the latest group using leaked Babuk source code

Security Affairs

A previously unknown ransomware group known as RA Group is targeting companies in U.S. Cisco Talos researchers recently discovered a new ransomware operation called RA Group that has been active since at least April 22, 2023. The group has already compromised three organizations in the U.S. and one in South Korea.

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The Week in Cyber Security and Data Privacy: 26 February – 3 March 2024

IT Governance

Publicly disclosed data breaches and cyber attacks: in the spotlight Millions of Pure Incubation Ventures records listed on hacking forum 183,754,481 records apparently belonging to the venture capital and private equity group Pure Incubation Ventures have been listed for sale on a hacking forum. The claim is yet to be verified.

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List of Data Breaches and Cyber Attacks in April 2023 – 4.3 Million Records Breached

IT Governance

Shields Health Care Group The largest data breach of April 2023 was at the Shields Health Care Group, a Massachusetts-based medical services provider. Additionally, billing information, insurance numbers and other financial details were stolen in the attack. Biggest data breaches of April 2023 1. million people.

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The Week in Cyber Security and Data Privacy: 4 – 10 March 2024

IT Governance

Glosbe dictionary exposes almost 7 million records The multilingual online dictionary Glosbe left a MongoDB instance unsecured last year, exposing nearly 7 million users’ information, including personal data, encrypted passwords and social media identifiers. Glosbe did not reply, but the open instance was soon closed.

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2019 end-of-year review part 1: January to June

IT Governance

This meant they weren’t encrypted, making them freely accessible to as many as 20,000 employees, most of whom had no legitimate reason to access the information. US food giant Mondelez sued insurance company Zurich American for denying a $100 million (£77 million) claim filed after the NotPetya attack.

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The Good, Bad, And The Ugly: Key Takeaways From California’s New Privacy Law

Privacy and Cybersecurity Law

On August 13, 2018, a coalition of consumer advocacy groups responded by arguing “the sky is not falling, as industry suggests” and claimed the business community’s proposed changes would “fundamentally water down” the CCPA’s privacy protections. Those amendments were the subject of a contentious battle between interested stakeholders.

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