The Tennessee Consolidated Retirement System is a retirement and benefits program administered to many full-time employees throughout the state. If you are an employee within the state of Tennessee, there's a good chance that your data is tied up in this system and that you're relying on the program administrators to protect your personal and financial information.
Financial institutions and state government agencies were the main targets of hackers this week. Major organizations like Bank of America and Hospitality Staffing Solutions were hit hard resulting in huge data losses for citizens, and the states of Pennsylvania, Vermont, and Tennessee each experienced major data losses in their regulatory bodies or programs. Learn more about each of these serious data breaches and find out if your information is safe.
Ransomware attacks do not simply start and end with a locked computer screen and a ransom note. They unravel as intricate narratives, leaving a trail of financial wreckage, operational interruptions, and reputational damage in their wake. These attacks bear significant costs. In 2022, the average cost of a ransomware attack was a whopping $4.54 million, per IBM Security and the Ponemon Institute. And that does not include the actual ransom payment itself.
We recently hosted a compact and very engaging panel discussion about the new SEC Cyber Incident Reporting Rules due to come into effect later this year. We were fortunate to be joined by two well-known experts: In the post, we will *not* rehash what was said in the panel discussion. If you did not get to attend the live session, we invite you watch it on-demand – it’s 30 minutes well spent!
By now, the facts of the recent MOVEit breach are well known (although the victim total keeps climbing), but it never hurts to be reminded that these attacks do not take place in a vacuum and threat actors are more than happy to repeatedly use the same tactics if their targets remain vulnerable. Trustwave SpiderLabs, has tracked and documented these events explaining how threat actors were found to be exploiting three vulnerabilities, including a zero-day, (CVE-2023-34362, CVE-2023-35036.
Ernst and Young is one of the leading consulting companies that helps with strategic and transactional taxes. The company offers excellent services to other major companies and handles a large amount of financial and personal data for all the customers impacted by them. This organization works with major clients like Bank of America, which is now more than 11,000 Bank of America customers were exposed in a recent data breach involving this company.
