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The Financial Dynamics Behind Ransomware Attacks

Security Affairs

In some cases, attackers are even leveraging the threat of regulatory actions or causing cyber insurance policies to be rendered moot by reporting lapses in security on the part of the victim to regulators and insurers. The potential payouts from successful attacks dwarf the costs of developing or renting ransomware.

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List of data breaches and cyber attacks in May 2021 – 116 million records breached

IT Governance

Doncaster-based One Call Insurance hit by ransomware (unknown) Ransomware attack on Swiss Cloud Computing AG (6,500) Wolfe Eye Clinic victim of Lorenz threat actors (unknown) One of the US’s largest pipelines shuts down to contain cyber security breach (unknown) J. Find out more. Ransomware. Spargo & Associates Inc.

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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 Read the court’s holding here.

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German Insurance Industry to Establish “Trusted German Insurance Cloud”

Hunton Privacy

The parties previously had agreed to work together to develop practical requirements for a secure cloud solution, and to implement appropriate security measures in the “Trusted German Insurance Cloud.” The implementation of the cloud security requirements will be finalized pursuant to the BSI’s certification process.

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UK: The rise of privacy group action risk

DLA Piper Privacy Matters

Two recent developments in the United Kingdom highlight the growing risk of privacy litigation and “group actions” which is likely to further increase following the enactment of the General Data Protection Regulation (“ GDPR “) in May 2018. It is suggested that in the region of 5.4

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Nationwide Agrees to Pay $5.5 Million to Settle Multistate Data Breach Investigation

Hunton Privacy

On August 9, 2017, Nationwide Mutual Insurance Co. million settlement with attorneys general from 32 states in connection with a 2012 data breach that exposed the personal information of over 1.2 In October 2012, Nationwide and its affiliate, Allied Property & Casualty Insurance Co. Nationwide”) agreed to a $5.5

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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. Accel’s largest presence is in the Bay Area with sizable teams in London and Bangalore. AllegisCyber Capital.