November 26, 2024 at 04:37PM New York’s Attorney General imposed $11.3 million in fines on GEICO ($9.75 million) and Travelers Indemnity Co. ($1.55 million) for inadequate data security that led to cyberattacks exposing personal information of over 116,000 residents. Both companies must enhance cybersecurity measures and protect consumer data moving forward. Here are the key … Read more
November 25, 2024 at 04:47PM The FS-ISAC launched a Phishing Prevention Framework aimed at reducing phishing and fraud for businesses, especially in financial services. Successful pilot programs cut phishing complaints in half. The framework emphasizes understanding fraud origins, collaborative data collection, and partnerships with telecom providers to enhance defenses against evolving phishing tactics. ### Meeting … Read more
November 15, 2024 at 02:26PM AnnieMac Home Mortgage reported a data breach affecting 171,000 customers, where an intruder accessed names and Social Security numbers. The company found no evidence of data misuse and is investigating the incident. Affected individuals are offered 12 months of credit monitoring. The breach raises concerns for financially vulnerable customers. ### … Read more
October 28, 2024 at 11:55AM Criminals are openly selling stolen financial information, including credit card details, on Meta’s Threads. Security experts highlight inadequate moderation, with some accounts remaining active for months. This trend coincides with Telegram’s crackdown on illicit activity, leading criminals to shift their operations to Threads while still using Telegram for sales. ### … Read more
October 17, 2024 at 04:50PM Swift announced the launch of AI-enhanced fraud detection for global payments in January 2025, following successful collaboration with banks. This service builds on existing capabilities, using data to identify suspicious transactions in real-time. The initiative aims to combat financial fraud, which cost the industry $485 billion in 2023. **Meeting Takeaways: … Read more
October 6, 2024 at 11:50AM FBCS, a debt collection agency, suffered a data breach impacting 4.2 million individuals. Comcast and Truist Bank were affected, exposing substantial customer data. FBCS stated that impacted individuals received 12 months of identity theft protection. Truist Bank also faced a breach, with the extent of impact not fully disclosed. It … Read more
September 20, 2024 at 08:17AM Mastercard recently announced its acquisition of cybersecurity firm Recorded Future for $2.65 billion, marking its second-largest acquisition. Recorded Future’s threat intelligence capabilities are expected to enhance Mastercard’s security services, offering real-time analytics and AI to detect and prevent cyber threats. The move aligns with Mastercard’s focus on bolstering its AI-enabled … Read more
September 12, 2024 at 09:36AM Financial services giant Mastercard has announced a $2.6 billion acquisition of Recorded Future, a Massachusetts-based threat intelligence company. This move aims to enhance Mastercard’s cybersecurity services and expand its use of AI to combat fraud. The acquisition is set to close in the first quarter of 2025, reinforcing Mastercard’s commitment … Read more
September 9, 2024 at 03:19PM Avis Car Rental experienced a data breach in early August, affecting nearly 300,000 individuals. Unauthorized access to business applications led to personal data being potentially compromised. Avis responded by launching an investigation, notifying authorities, and offering affected individuals complimentary one-year memberships. The company advises customers to stay alert for fraud … Read more
August 28, 2024 at 01:28PM Iranian hacking group Pioneer Kitten has been targeting defense, education, finance, and healthcare organizations in the US. They are collaborating with ransomware affiliates to extort victims. Based on the meeting notes, it appears that an Iran-based hacking group called Pioneer Kitten is actively breaching defense, education, finance, and healthcare organizations … Read more