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Data Breach Digest: March 2017

March-2017-Data-Breaches

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 March 2017

Daytona State College
Free Application for Federal Student Aid (FAFSA) – Unconfirmed
Idaho Department of Labor
Illinois Department of Employment Security (IDES)
Kennesaw State University Center for Election Systems
Oklahoma Office of Management and Enterprise Services
UNC Health Care
Verifone
Vermont Department of Labor
Wishbone

Health IT Security: 2016 Record Data Breach Year, Attackers Less Healthcare-Focused

IBM reports that, although 2016 set records for data breaches, cyber criminals refocused their efforts away from healthcare and toward financial services.

XOR Data Exchange: Online retailers now armed with free fraud prevention resource to combat data breaches

XOR has announced a free resource as part of its breach-related fraud prevention platform to allow online retailers to prevent account takeover and identity theft.

Dallas Morning News: Neiman Marcus to pay $1.6 million in shopper data breach lawsuit

More than three years after announcing a breach that impacted 350,000 Neiman Marcus shoppers, the company has agreed to pay $1.6 million in a class action settlement.

Bank Info Security: New Mexico Set to Be 48th State with Breach Notification Law

New Mexico is poised to enact requirements for organizations that suffer a data breach to notify those affected, leaving Alabama and South Dakota as the only U.S. outliers.

InfoWorld: Smart teddy bear maker faces scrutiny over data breach response

Did Spiral Toys/CloudPets ignore knowledge of its data breach before notifying consumers? One researcher reports he took measures to notify the company of its vulnerability for months before news broke of the data breach.

Atlanta Journal-Constitution: ‘Security researcher’ behind KSU data breach broke no federal law

A federal investigation into reports of vulnerabilities in Kennesaw State University’s Center for Election Systems found that the security researcher responsible for uncovering the vulnerabilities did not break any federal laws in the process.

Dark Reading: Yahoo CEO Punished for Data Breaches

Yahoo CEO Marissa Mayer will pay a penalty for two of the company’s data breaches, foregoing her annual bonus and stock options totaling millions of dollars.

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.

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