1. Average cost of data breach surpasses $4 million for many organizations
Beyond the immediate costs of a data breach, almost half of the total costs occur more than a year after the incident, says IBM Security. Read more »
2. T-Mobile Pitches $4-Per-Customer Settlement for Data Leak Impacting 80M
After leaking 80 million US customer data records in a cyberattack last summer, T-Mobile offers to settle a wide-ranging class action suit for just $350 million. Read more »
3. Uber admits covering up massive 2016 data breach in settlement with US prosecutors
Uber admitted to covering up a massive cybersecurity attack that took place in October 2016, exposing the confidential data of 57 million customers and drivers, as part of a settlement with the US Department of Justice to avoid criminal prosecution. Read more »
4. Cyberspies use Google Chrome extension to steal emails undetected
A North Korean-backed threat group tracked as Kimsuky is using a malicious browser extension to steal emails from Google Chrome or Microsoft Edge users reading their webmail. Read more »
5. Phishing campaign targeted 10,000 firms with BEC fraud
Earlier this month, Microsoft reported that roughly 10,000 businesses were attacked in a months-long adversary-in-the-middle (AiTM) campaign that raked in estimated millions in financial fraud. Read more »
