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Bank Info Security 10 months, 4 weeks ago

Drug R&D Firm's IT, Data Encrypted in Alleged Qilin Attack

Inotiv Inc. Tells SEC Some Business Operations Disrupted, No Recovery Date in SightInotiv, a drug research and development firm, told federal regulators that it's been dealing with a cyberattack since Aug. 8 that has encrypted some IT systems and data, and is disrupting certain business operations. Ransomware gang Qilin has listed the company as a victim on its dark website.

Experts Suspect Scattered Spider Is Behind Rash of Recent Insurer BreachesAflac is the latest insurance company dealing with a cyberattack. The company is investigating a cyber incident that did not involve ransomware encryption of its IT systems, but did potentially compromise data. Experts suspect Scattered Spider is behind the recent rash of insurance incidents.

Erie Insurance and Philadelphia Insurance Still Recovering From Separate AttacksStatements by Erie Indemnity Co. and Philadelphia Insurance Companies indicate that voluntary decisions to disconnect their systems from the network - not ransomware encryption - have disrupted operations over the past 10 days since the carriers were hit with separate cyberattacks.

Erie Insurance and Philadelphia Insurance Still Recovering From Separate AttacksStatements by Erie Indemnity Co. and Philadelphia Insurance Companies indicate that voluntary decisions to disconnect their systems from the network - not ransomware encryption - have disrupted operations over the past 10 days since the carriers were hit with separate cyberattacks.

Bank Info Security 1 year, 4 months ago

Apple Withdraws Strong Encryption Feature for All UK Users

US Technology Giant Reportedly Received UK Government Demand for Global BackdoorAmidst the ever-rising tide of cyberattacks and data breaches, Apple is deactivating a key data security feature for all U.K. users, rather than accede to a reported demand from the British government that the technology giant give it on-demand backdoor access to any user's data in the world.

Bank Info Security 1 year, 7 months ago

Australia to Phase Out Weak Encryption Algorithms by 2030

Regulators Say NIST's 2035 Deadline for Insecure Encryption Could Be Too LateAustralia has rolled out an ambitious roadmap to prepare for future quantum-enabled cyberattacks. Regulators are ready to set an end date for several existing encryption algorithms in 2030 - five years earlier than the deadline set by National Institute of Standards and Technology in the U.S.