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The Target: Stillwater Mining Company, the owner of the only platinum and palladium mines in the U.S.
The Take: In addition to names and contact information, the hackers stole government ID information, passport numbers, Social Security numbers, tax ID numbers, birth certificates, financial information like bank account numbers and medical information like health plan numbers.
The Vector: Stillwater Mining Company told regulators that hackers breached company systems in the middle of June but the incident was only discovered on July 8. The investigation into the attack is ongoing, but the mining company said it was able to confirm the data breach on August 19.
This breach highlights the extreme importance of timely software updates for known software vulnerabilities, not only in systems directly under a firm’s control, but in third-party systems the firm relies upon as well. The longer a firm, or its vendors, hold out on deploying the most up-to-date software for their systems, the greater the chance an attacker will exploit the issue.
BNN Bloomberg: The demand for comprehensive cybersecurity services is only going to keep growing as businesses face new threats on a daily basis, the head of Palo Alto Networks says.
PR Newswire: EQT is pleased to announce that the EQT Mid Market Europe fund ("EQT"), together with its co-shareholders, have agreed to sell Open Systems ("Company") to Swiss Post.
Yahoo Finance: Craig Newmark Philanthropies, in partnership with Wondros, has launched a national cybersecurity public service campaign to help Americans become more resilient against increasingly pervasive and sophisticated cyber threats.
Dark Reading: The rising cost of cyberattacks, including downtime, investigations, lawsuits, ransoms, and more are prompting cyber insurers to re-examine underwriting and encourage greater cyber resiliency in their customer bases.
Forbes: Cybersecurity has become a pivotal business imperative, transcending mere technical challenges. While many organizations still view cybersecurity as an IT issue, the reality is that it fundamentally impacts every facet of a business, from reputation and customer trust to regulatory compliance.
Yahoo Finance: A new study from Bain & Company and KLAS Research shows US healthcare providers and payers are boosting their investment in AI, cybersecurity, and other IT areas to support innovation and improve operations.
GlobeNewswire: The Artificial Intelligence (AI) in cybersecurity solutions is projected to continue to have significant growth in next several years. The alarming rise in cyberattacks shows the urgent need for robust cybersecurity measures.
The Target: Car rental company Avis
The Take: The scope of the stolen data varies depending on the customer, but the following information is potentially affected: name, email address, telephone number, date of birth, credit card number and expiration date, driver’s license number.
The Vector: The company detected unauthorized access to one of its business applications at the beginning of August. Avis has described the breach as ‘insider wrongdoing.’
This breach is a stark reminder of how strong authentication controls are in an overall robust cybersecurity posture, and that good password hygiene plays a pivotal role in protection.
PR Newswire: "According to the latest BCC Research study, the demand for "Cybersecurity: Technologies and Global Markets" is expected to grow from $229.3 billion in 2024 to $396.8 billion by the end of 2029, at a compound annual growth rate, or CAGR, of 11.6% from 2024 to 2029."
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