Security news aggregator

Latest coverage for Fine

Stay informed on the latest in information security trends, breaches, and best practices with our expertly curated content on cyber safety.

5 headlines in this view

Refine the feed

Search across headline titles and summaries.

Tag briefing

Background for this topic.

A fine is a monetary penalty imposed by a competent authority or court for violating a law, regulation, or legally binding requirement. In information security and privacy, it may follow inadequate safeguards for personal data, unlawful processing, failure to meet required reporting or record-keeping duties, or non-compliance with sector-specific controls. The legal basis, maximum amount, and factors such as severity, duration, negligence, cooperation, and remediation vary by jurisdiction; a fine is generally punitive rather than compensation for affected parties.

For security practitioners, a fine signals that controls and security decisions may be examined as evidence of compliance. Maintain documented risk assessments, access reviews, patching decisions, supplier oversight, logging, and retention practices, especially where they protect regulated data. During an incident, preserve relevant records and establish an accurate timeline for containment, notification, and remediation. Privacy requirements such as data minimization and retention limits can therefore be security controls as well as legal obligations. A fine does not by itself establish that a particular attack or breach occurred.

Showing 5 most recent headlines Filtered view
Bank Info Security 1 year, 6 months ago

Biotech Firm to Pay $7.5M to Settle Lawsuit in 2023 Hack

Enzo Biochem Previously Paid Three States $4.5M in Fines for Same BreachBiotech firm Enzo Biochem has agreed to pay $7.5 million to settle a consolidated proposed class action lawsuit involving a 2023 ransomware attack affecting 2.5 million people. The company has already paid $4.5 million in fines to three state attorneys general for the same incident.

Krebs on Security 1 year, 6 months ago

Chinese Innovations Spawn Wave of Toll Phishing Via SMS

Residents across the United States are being inundated with text messages purporting to come from toll road operators like E-ZPass, warning that recipients face fines if a delinquent toll fee remains unpaid. Researchers say the surge in SMS spam coincides with new features added to a popular commercial phishing kit sold in China that makes it simple to set up convincing lures spoofing toll road operators in multiple U.S. states.

Bank Info Security 1 year, 6 months ago

Cryptohack Roundup: BitMEX's $100M Penalty

Also: US Govt Seeks Return of Hack Funds to Bitfinex; Mango Markets ShutsThis week, BitMEX fined $100M, prosecutors sought return of Bitfinex funds, Mango Markets shut, a Web3 attack method; pastor charged in crypto scam, CFPB proposed firms refund hack victims, 2024 crime stats, Wolf Capital co-founder's guilty plea, Thai Bitcoin miners seized and a New York AG lawsuit.

Bank Info Security 1 year, 6 months ago

HHS Discloses 3 More HIPAA Fines Totaling More Than $3M

Cases are Latest in a Spate of HIPAA Settlements As Biden Administration Wraps UpA medical supply firm will pay $3 million to settle issues found by a HIPAA investigation into a breach. Also, a public health system will pay $60,000 to resolve a right-of-access dispute. The cases are among the latest in a spate of HIPAA enforcement actions as the Biden administration wraps up.