Latest cybersecurity reporting from selected sources.

Iowa Seeking Civil Monetary Fines, Damages for Alleged ViolationsIowa's state attorney general is seeking financial damages, civil penalties and improvements to UnitedHealth Group's data security practices for alleged violations of state and federal laws and other claims involving the 2024 ransomware attack on its Change Healthcare unit.

HIPAA Settlement Small Compared to Many OthersU.S. federal regulators fined a dental practice software vendor with a seemingly lowball financial penalty for a high-stakes 2020 hack affecting 15 million individuals that the company failed to report. Maryland-based MMG Fusion agreed to $10,000.

Also: npm Packages Infiltrated, FBI Issues Fraud Alert, Campbell's Soup Cans CISOThis week, a recently fixed Oracle flaw is being actively exploited, Shelly tackled Pro 4PM DoS bug, "Shai-Hulud 2.0" hit npm, the FBI warned of rising bank account takeover scams, regulators fined Comcast over a vendor breach, Iberia reported a supplier incident and Campbell's canned its CISO.

Security by Design or Be Fined, Committee SuggestsA U.K. parliamentary committee is recommending a new statute forcing software publishers to hew to secure-by-design principles or else face financial penalties. The committee called for "enforcement agencies" empowered to levy fines to monitor industry for compliance.

Also: CISA Warns of Unpatched Train Brake VulnerabilityThis week: Louis Vuitton and Co-op confirm breaches, unpatched train brake flaw, Barclays fined £42M pounds for financial crime failures, secret U.K. program relocated thousands of Afghans, ex-soldier pleads guilty to hacking, Ukrainian hackers claim hit on Russian drone supplier.

FIs Expected to Move from Periodic Reviews to Perpetual KYCBanks are struggling to keep up with evolving KYC expectations. Despite efforts to modernize, outdated processes continue to leave compliance gaps, leading to increased regulatory action. Penalties for financial institutions surged with KYC-related fines more than doubling to $51 million.

Inmediata Health Group Has Paid $2.7M in Fines, Civil Claims for 2019 HIPAA BreachA breach that exposed the personal information of nearly 1.6 million patients of a Puerto Rico-based clearinghouse has led to a $250,000 financial settlement with federal regulations for multiple HIPAA violations. The 2019 leak has cost Inmediata Health $2.7 million in fines and civil settlements.

Trapets CEO Gabriella Bussien on Why Banks Need to Fine-Tune, Automate KYC ProcessesKYC protocols traditionally focus on account-level verification, but examining KYC at the product level can help banks assess risk more accurately. Asking targeted questions based on product risk enables institutions to detect potential financial crimes, said Gabriella Bussien, CEO of Trapets.

Also: $45M Hedgey Hack, El Salvador's Compromised Wallet, OneCoin CaseThis week, Samourai Wallet co-founder was arrested, a $45M hack hit Hedgey Finance, El Salvador wallet data leaked, another was charged in the OneCoin case, the SEC wants to fine Terraform Labs, prosecutors want a three-year prison term for CZ, and Thailand cracked down on unauthorized operators.