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France data protection agency fines Uber 400k Euros Over 2016 Data Breach

Security Affairs

France’s data protection agency had fined the ride-sharing company Uber with 400,000 euros ($455,000) over a 2016 data breach. The data breach suffered by Uber in 2016 exposed the personal data of some 57 million clients and drivers worldwide. SecurityAffairs – hacking, 2016 data breach). Pierluigi Paganini.

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Group-IB and CryptoIns introduce the world’s first insurance against cyber threats for cryptocurrency exchanges

Security Affairs

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?

Insurance 238
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Wendy's Reaches $50 Million Breach Settlement With Banks

Data Breach Today

After Insurance, Fast-Food Chain's Breach Costs Are Nearly $34 Million Fast-food giant Wendy's has reached a $50 million settlement agreement with financial institutions that sued after attackers planted RAM-scraping malware on point-of-sale systems in 1,025 of its restaurants in 2015 and 2016, stealing massive quantities of payment card data.

Insurance 235
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Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

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Hackers Breached Virginia Bank Twice in Eight Months, Stole $2.4M

Krebs on Security

Now the financial institution is suing its insurance provider for refusing to fully cover the losses. According to a lawsuit filed last month in the Western District of Virginia, the first heist took place in late May 2016, after an employee at The National Bank of Blacksburg fell victim to a targeted phishing email. million total.

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A Second State Hits EmblemHealth With Breach Fine

Data Breach Today

Case Involves Social Security Numbers Exposed in Mailings For the second time this year, health insurer EmblemHealth has been hit with a state financial penalty in connection with a 2016 breach that exposed Social Security numbers on mailings to more than 81,000 plan members.

Insurance 174
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Lab test provider LifeLabs disclose a data breach that exposed personal info of 15M customers

Security Affairs

The exposed data dates back from 2016 and earlier, most of the information belongs to customers from B.C. ” LifeLabs is offering cybersecurity protection services to its customers, including identity theft and fraud protection insurance. and Ontario. ” reads the data breach notice. ” reads the data breach notice.