A ransomware attack against Berlin, Maryland-based Atlantic General Hospital that affected the personal information of 137,000 individuals in 2023 has led to a $2.25 million preliminary settlement of a consolidated proposed federal class action lawsuit.
The SolarWinds case has redefined cybersecurity disclosure obligations, especially for chief information security officers. The SEC's novel theories in this case have set a precedent for how organizations must present their cybersecurity practices, said Jennifer Lee, partner at Jenner & Block.
A U.S. company has asked its software vendor to indemnify it to the tune of $12 million to cover costs associated with settling a data breach-related class action lawsuit. The indemnity demand comes amid a rise in class action lawsuits driving soaring litigation costs for enterprises.
As McLaren Health Care continues to restore its IT systems in the wake of a ransomware attack last week, some Michigan government officials are warning consumers about potential cybercrimes and other concerns stemming from that and similar cyber incidents involving healthcare groups in the state.
Federal regulators and SolarWinds are eyeing a truce weeks after a judge dismissed most claims related to misleading investors about the company's security practices and risks. SEC lawyer Christopher Bruckmann said his team "proposed specific settlement terms," but the defense is unlikely to accept.
Delta Air Lines' war of words against CrowdStrike and Microsoft over its extended IT outage continue to escalate, with the airline threatening litigation to recover $500 million in lost revenue and expenses. CrowdStrike and Microsoft have pledged to vigorously fight any such litigation.
Prospect Medical Holdings continues to face mounting legal and business fallout from the 2023 ransomware attack that disrupted IT operations at 16 of its hospitals for several weeks and resulted in a data breach that affected 1.3 million people.
CrowdStrike has dismissed claims of negligence leveled at it by Delta Air Lines, which is threatening to sue after a faulty security software update led to days of IT disruption. In response, the cybersecurity vendor is asking why Delta's competitors recovered so much more quickly.
CrowdStrike faces a putative class action lawsuit over the widespread global IT outage in late July that caused major disruptions at airports and hospitals after the company pushed through a faulty update to its Falcon platform, causing its stock prices to plummet.
A federal judge has dismissed several claims but has given the green light for plaintiffs to move forward with other allegations in a proposed class action filed against electronic health records vendor NextGen in the aftermath of a 2023 ransomware attack that affected about 1 million people.
Software vendor MCG Health has agreed to pay $8.8 million to settle a consolidated proposed federal class action lawsuit involving a 2020 hacking incident. The suit claims the company took two years to identify and report a data theft that affected about 1.1 million people.
During a hearing Tuesday, U.S. Sen. Richard Blumenthal, D-Conn., revealed that Bank of America, JPMorgan Chase and Wells Fargo only reimbursed 38% of unauthorized Zelle transaction claims - leaving consumers on the hook for $100 million in fraud losses. The banks disputed the committee's findings.
This week, North Korean hackers targeted macOS users, Bassett Furniture suffered a ransomware attack, Interpol arrested 300 and seized $3 million, new details emerged about Designed Receivable Solutions, Repligen reported a cyber incident, and MarineMax reported a data breach.
A judge Thursday dismissed most of the claims federal regulators made against SolarWinds related to allegedly misleading investors about the company's cybersecurity practices and risks. The SEC can proceed only with claims related to the security statement issued by SolarWinds before the 2020 hack.
In its initial legislative agenda, the United Kingdom's newly elected Labour government has introduced a new cybersecurity bill in a bid to address rising cyberthreats to the country. The bill seeks to reduce the severity of cyberattacks on essential services and improve cybersecurity preparedness.
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