XOR is committed to helping protect consumers and businesses from the fraud resulting from data breaches. Each month, we’ll bring you a digest of activity impacting the data breach landscape and information on how to better protect your employees’ and customers’ privacy.
Data Breaches Reported in February 2017
Bloomington Public Schools (Minn.)
InterContinental Hotels Group (IHG)
Manatee County School System (Fla.)
Meridian Health Services
PIP Printing Company
State of Michigan
A federal appeals court has turned back a $10 million settlement in data breach litigation against Target Corp., concluding the Minn. judge who approved it failed to consider the interest of those impacted by non-monetary considerations.
Yahoo issued a new warning in Feb. to users about malicious hacks related to a third data breach disclosed in Dec. 2016 impacting more than 1 billion accounts.
In a new report from Capgemini, one in five UK financial services organizations reported that they feel confident they can detect a data breach.
Yahoo! Finance: Scott+Scott Files Lawsuit on Behalf of Financial Institutions Harmed by Arby’s Data Breach
Just weeks after announcing a data breach of its POS, Arby’s was served with a lawsuit on behalf of the financial institutions that stand to see associated fraud.
A report by Risk Based Security revealed that U.S. organizations suffered farm more data breaches in 2016 than organizations from other countries, exposing more than 4.2 billion records.
The Internal Revenue Service has issued an alert warning organizations of new, hybrid fraud strategies combining the classic W-2 phishing and CEO scams.
During the last six years, fraudsters have stolen more than $112 billion from financial institutions and consumers, and data breaches are driving that number up annually. That’s $35,600 disappearing every minute. If you’re interested in learning how to prevent losses to your organization caused by data breaches, give us a shout.