TracFone Wireless has agreed to pay $16 million to settle Federal Communications Commission (FCC) investigations into a series of data breaches that exposed customer information. The settlement, announced on July 22, 2024, highlights growing concerns over API security in the telecommunications industry.
The cybersecurity sector faces a delicate balancing act between protection, progress, and business enablement. As cyber threats grow more sophisticated and widespread, organizations are increasingly challenged to safeguard their operations while still driving innovation and efficiency. This dynamic environment demands a comprehensive approach to cybersecurity that addresses rising costs, emerging threats, and the integration of advanced technologies.
The three European Supervisory Authorities (EBA, EIOPA, and ESMA – collectively known as the ESAs) have announced the establishment of the EU Systemic Cyber Incident Coordination Framework (EU-SCICF). This initiative, rooted in the Digital Operational Resilience Act (DORA), aims to bolster the financial sector’s response to cyber incidents that threaten financial stability by enhancing coordination among financial authorities and other relevant entities within the European Union, as well as with key international actors.
The Wall Street Journal has reported that entertainment giant Disney is facing a significant data breach, with internal communications from its Slack workplace collaboration system leaked online. The breach, claimed by an anonymous hacking group called Nullbulge, reportedly includes discussions about ad campaigns, studio technology, and interview candidates.
Rite Aid Corporation announced today that it has fallen victim to a cybersecurity incident, potentially exposing personal information of customers who made purchases between June 6, 2017, and July 30, 2018. The pharmacy chain, currently trading over-the-counter following its Chapter 11 bankruptcy filing last year, is in the process of notifying affected individuals.
In a significant cybersecurity incident, AT&T has recently disclosed that customer data was illegally downloaded from a third-party cloud platform workspace in April. The telecommunications giant is now working closely with law enforcement to apprehend those responsible for the breach, with at least one person already in custody.
The Swedish Data Protection Authority (IMY) has imposed a fine of 15 million Swedish kronor (approximately 1.3 million EUR) on Avanza Bank AB for violating data protection regulations. The decision comes after a thorough investigation into a data breach that occurred between November 15, 2019, and June 2, 2021.