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LW ROUNDTABLE: Wrist slap or cultural shift? SEC fines cyber firms for disclosure violations

The Last Watchdog

In some jurisdictions, this line is most-effectively drawn by a government-appointed privacy commissioner who is required to remain neutral and yet ultimately serves the citizens of its country. Other companies may continue to rely on hiding the ball, scapegoating and relying on insurance to cover the losses.

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Texas Tech University data breach impacted 1.4 million individuals

Security Affairs

“The investigation confirmed that a cybersecurity event caused the technology issues, resulting in access to or removal of certain files and folders from the HSCs network between September 17 and September 29, 2024.” ” reads the notice of security breach published by the HSCs.

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Canada Gov plans to ban the Flipper Zero to curb car thefts

Security Affairs

The Canadian government is going to ban the tool Flipper Zero because it is abused by crooks to steal vehicles in the country. The Canadian government announced that it plans to ban the tool Flipper Zero , and similar hacking devices, to curb the surge in car thefts. ” reads a statement from the Canadian Government. .

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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.

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26 Cyber Security Stats Every User Should Be Aware Of in 2024

Security Affairs

Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Cyber Security Spending: Global cyber security spending is projected to reach $172 billion in 2024, reflecting the increasing prioritization of cyber security by businesses and governments worldwide. million, up 15% in three years.

Security 355
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DORA Compliance Strategy for Business Leaders

Security Affairs

In January 2025, European financial and insurance institutions, their business partners and providers, must comply with DORA. In January 2025, financial and insurance institutions in Europe and any organizations that do business with them must comply with the Digital Operation Resilience Act, also known as DORA.

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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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