Mortgage Company Sues Insurer Over $75,000 Cyber Attack
A California mortgage company is suing an insurer, claiming it refused coverage for a claim filed after a hacker stole more than $75,000 by impersonating the mortgage company’s former CEO. American Pacific Mortgage filed the lawsuit against Aspen Specialty Insurance Company in federal court, claiming the insurer must cover a claim resulting from the cyber attack.
Patchy PCI Compliance Putting Consumer Credit Card Data at Risk
By failing to comply with the PCI Data Security Standard (DSS), organisations are putting consumers at increased risk of payment fraud, Verizon warns. While the number of companies complying with the PCI DSS has increased compared to previous years, non-compliant organisations are failing to implement more controls than ever before.
Bitcoin’s booming valuation is helping attract more cybercriminals
“Malware has existed since at least 2011 that harvest’s bitcoin wallets. Crypto-currency is becoming more mainstream. Ransomware has certainly bought it to the fore and now the public are aware of it, thus more people use it, there is more money contained within those systems and cybercriminals follow the money. They see it as a good ROI for them,” Carl Leonard, principal security analyst at Forcepoint, told SC Media.
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