corporate cybersecurity News

Express Scripts Fight Over Cyber Disclosure Reaches SEC

The U.S. Securities and Exchange Commission will review a dispute between Express Scripts Holding Co. and New York State Comptroller Thomas DiNapoli over his effort to force the prescription-benefits manager to increase cyber-risk disclosures. Express Scripts told the SEC last …

Wary Businesses Test Fixes for Chip Flaws Before Installing

Chances that a fix to a major microchip security flaw may slow down or crash some computer systems are leading some businesses to hold off installing software patches, fearing the cure may be worse than the original problem. Researchers this …

Effective Cybersecurity Strategy Rests on People, Not Just Technology

While many organizations continue to focus on the technology aspect of cyber defense, which is crucial, they often do so at the expense of people risks, which represent the largest source of data breach claims. New claims data analysis from …

Asset Managers Urged to Make Cyber Risk Top Priority

Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem. Banks have …

Court Says FTC Has Power to Regulate Corporate Cybersecurity

A U.S. appeals court said the Federal Trade Commission has authority to regulate corporate cyber security, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp. of failing to properly safeguard consumers’ information. The 3-0 decision by the 3rd …

Survey: Many Consumers Stress Over Safety of Financial Information

While the safety of their private financial information is a big deal for a lot of people, when it comes to protecting it, many are actually pretty lax, a new survey says. According to the phone survey commissioned by MasterCard, …

Conn. Official: Anthem Customers Reporting Spike in Fraudulent Tax Returns

The Connecticut attorney general’s office says Anthem Inc. customers are increasingly reporting fraudulent tax returns being filed using their names and other personal information. But spokesman Robert Blanchard said that because of the number and variety of recent data breaches, …

AIG Invests in Cybersecurity, Investigations Firm, K2 Intelligence

American International Group Inc. as acquired a minority stake in K2 Intelligence, an corporate investigations firm. The companies said they have agreed to co-develop products and services to help AIG’s customers mitigate cyber risk and to explore opportunities in other …

Conn. Tax Commissioner Says Anthem Customers Should File Taxes Quickly

Connecticut’s tax commissioner is urging taxpayers expecting federal or state income tax refunds who may be affected by the Anthem data breach to file their taxes quickly. Kevin Sullivan, head of the Department of Revenue Services, said the personally identifiable …

States Begin Investigating Insurer Anthem’s Data Breach

Several U.S. states are investigating a massive cyber attack on No. 2 U.S. health insurer Anthem Inc that a person familiar with the matter said is being examined for possible ties to China. Anthem disclosed the attack late Wednesday, saying …