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Target Sues Insurer Over 2013 Data Breach Costs

Data Breach Today

Lawsuit Claims Insurer Owes Retailer for Coverage of Card Replacement Costs Target has filed a lawsuit against its long-time insurer, ACE American Insurance Co., in an attempt to recoup money it spent to replace payment cards as part of settlements over the retailer's massive 2013 data breach.

Insurance 341
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Hacked Data Broker Accounts Fueled Phony COVID Loans, Unemployment Claims

Krebs on Security

A group of thieves thought to be responsible for collecting millions in fraudulent small business loans and unemployment insurance benefits from COVID-19 economic relief efforts gathered personal data on people and businesses they were impersonating by leveraging several compromised accounts at a little-known U.S. info and findget[.]me,

Insurance 362
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Maryland Department of Labor discloses a data breach

Security Affairs

The security breach was discovered earlier this year, hackers also accessed data stored in the Literacy Works Information System and a legacy unemployment insurance service database. The Maryland Department of Labor suffered a data breach, hackers accessed databases containing personally identifiable information (PII).

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First American Financial Pays Farcical $500K Fine

Krebs on Security

The SEC says First American derives nearly 92 percent of its revenue from its title insurance segment, earning $7.1 Title insurance protects homebuyers from the prospect of someone contesting their legitimacy as the new homeowner. Title insurance is not mandated by law, but most lenders require it as part of any mortgage transaction.

Insurance 330
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The man behind Cardplanet credit card market sentenced to 9 years in prison

Security Affairs

The man operated the Cardplanet site between at least early 2009 through at least August 2013. The membership also requested a sum of money, normally $5,000, as insurance. In November, the suspect has been extradited to the US to face criminal charges.

Marketing 292
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Experian API Exposed Credit Scores of Most Americans

Krebs on Security

Earlier this month, auto insurance giant Geico disclosed that fraudsters abused a bug in its site to steal drivers license numbers from Americans. Geico said the data was used by thieves involved in fraudulently applying for unemployment insurance benefits.

Insurance 362
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Who Stole 3.6M Tax Records from South Carolina?

Krebs on Security

As it happens, Rescator’s criminal hacking crew was directly responsible for the 2013 breach at Target and the 2014 hack of Home Depot. According to a 2013 report from the Treasury Inspector General’s office, the IRS issued nearly $4 billion in bogus tax refunds in 2012, and more than $5.8 billion in 2013.

Sales 290