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The Financial Dynamics Behind Ransomware Attacks

Security Affairs

Initially, these attacks involved malicious software that encrypts a victim’s data, rendering it inaccessible until a ransom is paid to the attackers. RaaS : Mirroring the Legitimate SaaS Models In mid-2012, the ransomware ecosystem evolved with the introduction of Reveton , the first Ransomware-as-a-Service (RaaS).

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Fifth Circuit Court of Appeals Vacates MD Anderson HIPAA Penalty

Hunton Privacy

The Court held that OCR’s civil monetary penalty for alleged violations of the Health Insurance Portability and Accountability Act of 1996 (“HIPAA”) Privacy Rule and HIPAA Security Rule was “arbitrary, capricious, and otherwise unlawful.”. OCR investigated and imposed the $4.3

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FTC Settles with Dental Practice Software Provider over Charges of Misleading Consumers with Respect to Data Encryption

Hunton Privacy

(“Schein”), agreed to settle FTC charges that accused the company of falsely advertising the level of encryption it used to protect patient data. The FTC asserted that, in 2012, the Dentrix G5 software incorporated a third party database engine that included a form of data protection that Schein advertised as “encryption.”

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HHS Announces $3.5 Million Settlement with Fresenius Medical Care

Hunton Privacy

million to settle claims brought under Health Insurance Portability and Accountability Act rules, alleging that lax security practices led to five breaches of electronic protected health information. Fresenius will pay OCR $3.5

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Regulatory Update: NAIC Spring 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Spring 2019 National Meeting (Spring Meeting) in Orlando, Florida, from April 6 to 9, 2019. ceding insurer could be eligible for the same reduced collateral requirements that would apply to qualifying EU reinsurers under the revised CFR Model Laws.

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Top VC Firms in Cybersecurity of 2022

eSecurity Planet

Company Sector Year Status Isovalent Cloud security 2020 Private Illumio Cloud security 2015 Private SignalFx Monitoring 2015 Acquired: Splunk CipherCloud Cloud security 2012 Acquired: Lookout Lookout Mobile security 2011 Private. Mimecast Email security 2012 Nasdaq: MIME. a16z Investments. Bessemer Venture Partners. Greylock Partners.

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Top Cybersecurity Startups to Watch in 2022

eSecurity Planet

GitGuardian is a developer favorite offering a secrets detection solution that scans source code to detect certificates, passwords, API keys, encryption keys, and more. Evervault is on a mission to make encrypting sensitive data seamless with its security toolkit for developers. Venture Cybereason 2012 Boston, MA 1,100 $713.6