One of the largest fines to date for violating the EU's General Data Protection Regulation has been announced by Germany's federal privacy and data protection watchdog, the BfDI, against 1 & 1 Telecommunications, in part for inadequate authentication mechanisms. The company plans to appeal.
Security experts speaking on the ending "locknote" panel at this year's Black Hat Europe highlighted trends from the conference, including the rise of fuzzing, simplification via the cloud, increasing vendor transparency as well as the industry too often still failing to focus on the basics.
Organizations that suffer a security incident must be prepared to rapidly respond. Here are eight incident response essentials they must follow, from executing their breach response and notifying stakeholders to activating external service providers and working with regulators.
Surviving a data breach requires having a plan, and experts say such plans must be continually tested, practiced and refined. They describe seven essential components for building an effective data breach response playbook.
Digital streaming platform Mixcloud says it's the victim of a data breach after an attacker shared personal data for registered users with several media outlets, including Vice and ZDNet. The data on 21 million users is for sale in an underground market.
Adobe says its e-commerce Magento Marketplace has been breached, exposing usernames, email addresses and more. The software giant has yet to detail how many users were affected or the breach duration. Unfortunately, the stolen data could be used to fuel phishing attacks.
South Korean cryptocurrency exchange Upbit says hackers have stolen $49 million worth of ethereum, in what is the year's seventh major cryptocurrency heist. Much of the $158 million stolen so far this year is likely fueling the North Korean regime's appetite for luxury goods and weapons of mass destruction.
UniCredit, an Italian banking and financial services company, sustained a data breach exposing information on 3 million customers that went undetected for four years, the company has acknowledged. Find out what data was exposed.
Two hackers have pleaded guilty in connection with an extortion campaign tied to the theft of data on about 57 million Uber customers and drivers. The incident led to a massive fine against the ride-sharing company for its tardy breach notification and weak security.
Personalized product retailer CafePress has been hit with a lawsuit alleging that it failed to notify 23 million customers about a data breach in a timely manner or follow security best practices. The company was allegedly still using outdated SHA-1 to hash passwords, which can be easily cracked.
"Cyberattacks are one of the unfortunate realities of doing business today," reads gaming company Zynga's data breach notification, thus breaking the first rule of crisis management: Own your mistakes. Hacker Gnosticplayers claims the company was still storing passwords using outdated SHA1.
Russian national Andrei Tyurin pleaded guilty to perpetrating massive hack attacks against leading U.S. financial services firms and others from 2012 to mid-2015. Victims included JPMorgan Chase, from which he stole details of 83 million customer accounts.
Russian national Andrei Tyurin, who was extradited last year from Eastern Europe to the United States, has stated that he plans to accept a plea deal he's reached with federal prosecutors. Tyurin has been charged with numerous crimes, including hacking JPMorgan Chase and stealing 83 million customer records.