cyberattacks

OCC: Banks Unprepared for Cyberattacks and Other Risks
OCC: Banks Unprepared for Cyberattacks and Other Risks
July 21, 2024  |  Banking

A U.S. banking regulator has reportedly determined that many lenders aren’t prepared for risks. As Bloomberg News reported Sunday (July 21), a confidential assessment by...

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AI Opportunities, Cyber Vulnerabilities Define UnitedHealth’s Latest Earnings
AI Opportunities, Cyber Vulnerabilities Define UnitedHealth’s Latest Earnings
July 16, 2024  |  Earnings

In February, UnitedHealth Group Inc.’s Change Healthcare unit suffered a far-reaching cyberattack. Per remarks by UnitedHealth’s executives on Tuesday’s (July 16) second-quarter earnings call, the...

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AutoNation: CDK Hack Will Hurt Earnings
AutoNation: CDK Hack Will Hurt Earnings
July 15, 2024  |  Security & Fraud

The impact of the hack on car dealership software firm CDK Global continues to reverberate. AutoNation, one of the largest dealership chains in the country,...

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Google Reportedly Eyeing $23 Billion Purchase of Wiz
Google Reportedly Eyeing $23 Billion Purchase of Wiz
July 14, 2024  |  Google

Google is reportedly in talks to purchase cybersecurity startup Wiz for about $23 billion. That’s according to a Sunday (July 14) report by The Wall...

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Firms Look to Mitigate Consequences From Data Breaches
Firms Look to Mitigate Consequences From Data Breaches
July 11, 2024  |  Security & Fraud

The interconnected nature of financial systems can have cascading consequences when data is compromised. And with the recent news that the June cyber breach at...

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Healthcare FinTech HealthyEquity Latest in Sector Hit With Data Breach
Healthcare FinTech HealthyEquity Latest in Sector Hit With Data Breach
July 04, 2024  |  Cybersecurity

Health tech company HealthEquity has suffered a data breach, though unconnected to other recent attacks. The company revealed that attack in a filing with the Securities and Exchange Commission...

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Cyber Insurance Premiums Fall Despite Ransomware Wave
Cyber Insurance Premiums Fall Despite Ransomware Wave
July 01, 2024  |  Cybersecurity

Despite a recent wave of ransomware attacks, cyber insurance premiums are declining around the globe. That’s because businesses have gotten better at dealing with losses...

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BIS: Financial Sector Among ‘Most Exposed’ to AI Benefits, Risks
BIS: Financial Sector Among ‘Most Exposed’ to AI Benefits, Risks
June 26, 2024  |  artificial intelligence

The financial sector is among the “most exposed” to both the benefits and the risks of artificial intelligence (AI), the Bank for International Settlements (BIS) said...

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Security Firm iVerify Raises $12 Million Amid Data Breach Epidemic
Security Firm iVerify Raises $12 Million Amid Data Breach Epidemic
June 26, 2024  |  Cybersecurity

Security firm iVerify has raised $12 million for its endpoint detection and response (EDR) solution. The funding round, announced Wednesday (June 26), was led by...

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