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The Target: Connex, one of Connecticut's largest credit unions.
The Take: The non-profit has yet to find evidence that the attackers gained access to the affected members' funds or accounts, but has discovered that they stole a combination of personal and financial data, including names, account numbers, debit card information, Social Security numbers, and government IDs.
The Vector: The investigation revealed that certain files may have been accessed or downloaded without authorization between June 2 and 3, 2025.
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.
Private Equity Wire: Francisco Partners is exploring the sale of BeyondTrust Software, the privileged access management (PAM) specialist it has backed since 2018, in a potential multi-billion dollar transaction, according to a report by Bloomberg citing unnamed people familiar with the matter.
Bleeping Computer: Hackers have released stolen data belonging to US insurance giant Allianz Life, exposing 2.8 million records with sensitive information on business partners and customers in ongoing Salesforce data theft attacks.
Dark Reading: US law enforcement once again demonstrated its commitment to going on the offense against cybercrime with an operation against the BlackSuit ransomware gang that resulted in the takedown of four servers and nine domains, as well as the seizure of just over $1 million in cryptocurrency.
CNBC: The rise of generative AI and large language models has drastically shifted the cybersecurity landscape, empowering attackers with easy-to-use tools that can create realistic video and voice deepfakes, personalized phishing campaigns, and malware and malicious code.
The Target: Philadelphia Indemnity Insurance designs, markets, and underwrites commercial property/casualty and professional liability insurance products.
The Take: Philadelphia Indemnity launched an investigation and determined by July 9 that the stolen data included names, driver’s license numbers and dates of birth, according to the breach notice.
The Vector: An unauthorized party accessed customer data during an intrusion discovered between June 9 and June 10, according to the disclosure. The company previously called the incident a network outage, however it said there was no ransomware and no encryption.
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.
BNN Bloomberg: The average cost of a breach between March 2024 and February 2025 was $6.4 million, down from $6.6 million a year earlier, showed research released from technology giant IBM and the Ponemon Institute, a U.S.-based cybersecurity research centre.
PR Newswire: AXA XL, a leading provider of cyber insurance, is proud to announce the launch of a new suite of proactive cybersecurity assessment offerings for its cyber policyholders in North America, in collaboration with Fenix24, a global leader in ransomware response and recovery.
Cybersecurity Dive: Allianz Life Insurance Company of North America disclosed a massive data breach affecting most of the firm’s 1.4 million U.S. customers, professionals and select employees.
TechCrunch: During the first few months of the new Trump administration, the White House slashed cybersecurity budgets, staff, and initiatives. And some, including cybersecurity experts and legislators, are not happy about it.
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