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Merck settles with insurers regarding a $1.4 billion claim over NotPetya damages

Security Affairs

Merck has resolved a dispute with insurers regarding a $1.4 Merck and its insurers have agreed with a $1.4 billion insurance claim for the losses caused by the NotPetya attack that took place in 2017. Merck had not taken out specific insurance to cover cyber attacks, it only had insurance coverage against general risks.

Insurance 112
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Federal Banking Regulators Request Comment on Proposed Guidance for Third-Party Risk Management

Hunton Privacy

The Regulators note that relevant third parties can come in a variety of forms, including those that service banking organizations’ business functions, as well as those that offer products and services (such as mobile and point-of-sale payments) to banking organizations’ customers.

Risk 81
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Currency Exchange Company Travelex Hit By Ransomware Attack

Adam Levin

To date, the company can confirm that whilst there has been some data encryption, there is no evidence that structured personal customer data has been encrypted. The hackers claim to have six months’ worth of sensitive customer data containing birthdates, credit card information, and insurance numbers.

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Global October Cybersecurity Events: Where You Can Find Thales

Thales Cloud Protection & Licensing

This year we have a Thales Demo Station where our pre-sales team will showcase our Data Protection and Access Management solutions. Shaun Chen, Sales Engineering Director for APAC, will be the speaker at the security session “Discover, Protect, Control: Data Security for a Zero Trust World.” Les Assises, 12-15 October, Monaco.

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List of Data Breaches and Cyber Attacks in October 2022 – 9.9 Million Records Breached

IT Governance

Mexico confirms hack of military records (unknown) Randolph-area school district disables its own website following transphobic hack (unknown) Australia’s Telstra hit by data breach, two weeks after attack on Optus (unknown) Patient details compromised in cyber attack on health provider Pinnacle (unknown) CHI Health faces ‘IT security incident’ impacting (..)

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Dark Overlord hacking crew publishes first batch of confidential 9/11 files

Security Affairs

The Dark Overlord hacking group claims to have stolen a huge trove of documents from the British insurance company Hiscox, Hackers stole “hundreds of thousands of documents,” including tens of thousands files related to the 9/11 terrorist attacks. “What’s the takeaway? “ There’s five layers to go.

Insurance 111
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Data privacy examples

IBM Big Data Hub

The app heavily encrypts all user financial data. Deploying privacy protections: The app uses encryption to protect data from cybercriminals and other prying eyes. ” The CCPA empowers Californians to prevent the sale of their data and have it deleted at their request, among other rights. The price tag can add up quickly.