I have written several times about the fight between Cottage Health System and Columbia Casualty, a division of CNA Insurance. In 2013 Cottage’s systems were breached and the private information of thousands of patients was publicly disclosed. Their insurance company paid $4.125 million for costs related to the breach, including a class action lawsuit. That […]
Continue reading → [DISPLAY_ACURAX_ICONS]There is a lot of attention focused on digital currency and the potential it represents – maybe too much attention. In May I wrote about the Bitcoin exchange Gatecoin, that was hacked to the tune of $2 million. This week hackers made off with with $50 million in another virtual currency, Ether, but this time […]
Continue reading → [DISPLAY_ACURAX_ICONS]P.F. Chang’s restaurant chain suffered a cyber breach in which about 60,000 credit cards were stolen. The breach only affected 33 of the company’s approximately 400 restaurants, so it could have been much worse, even though it lasted 8 months. Still, the restaurant spent about $1.7 million recovering from the breach. If the breach hit […]
Continue reading → [DISPLAY_ACURAX_ICONS]“This is not time for firms to keep calm and carry on. The proper response is to freak out.” – Prof. Dan Solove, GWU Law School While I am not sure that freaking out is, in fact, the only proper response, I think that what Prof. Solove is saying is that ignoring the situation is […]
Continue reading → [DISPLAY_ACURAX_ICONS]In January 2015 Wendy’s disclosed, after many banks already announced, that it’s point of sale system was breached. For months Wendy’s refused to provide any details, only saying that they were investigating things. In May, when it released it’s first quarter earnings report, it said that fewer than 300 restaurants were compromised and all of […]
Continue reading → [DISPLAY_ACURAX_ICONS]Deadspin reported that thousands of NFL players’ paper and electronic medical records dating back to 2004 were stolen from a trainer’s car when the car was broken in to and a laptop taken. The laptop was unencrypted. The Redskins admitted that a password protected, unencrypted laptop was stolen from a trainer’s locked car in Indianapolis […]
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