The Washington Post reported a 7 year old case will be considered by the US Supreme Court as to whether “Apple has “monopolized” the market for iPhone apps because it has total control over the games, utilities and other offerings that appear in its App Store.”  The June 18, 2018…

Continue Reading Apple’s App Store a monopoly?

Bankinfosecurity.com reported that to “steal cryptocurrency, attackers continue to leverage malware, phishing attacks and fake advertising campaigns.”  The June 12, 2018 article entitled “Cryptocurrency Theft: $1.1 Billion Stolen in Last 6 Months” included the comments from endpoint security firm Carbon Black “which analyzes cryptocurrency attacks that have been…

Continue Reading Wow! Cyber Theft of $1.1 Billion of Cryptocurrencies in the Past 6 Months

The US Department of Justice announced the arrest of 74 criminals, including 42 in the US, who made millions “targeting employees with access to company finances and businesses working with foreign suppliers and/or businesses that regularly perform wire transfer payments.” The June 11, 2018 Press Release entitled “74 Arrested…

Continue Reading 74 Arrested for Spearphishing (Cyber Fraud AKA Business Email Compromise – BEC) for Theft of +$16m!

Darkreading.com reported “Under the new law, if an individual’s personal information is part of a breach, he must be notified within 30 days after discovery — no exceptions.” The June 7, 2018 article entitled “New Colorado Breach Notification Rules Signed Into Law” included these comments about the new…

Continue Reading Wow, 30 Day Notice of Cyber Breach in New Colorado Law Trumps HIPAA!

HealthITSecurity.com reported that more “…than one-quarter of cyber insurance claims received by AIG last year were the result of ransomware attacks, the largest percentage of any cyberattack type, according to the insurance giant’s 2017 cyber insurance claim statistics.”  The June 4, 2018 report entitled “Ransomware Attacks Topped List…

Continue Reading Ransomware is #1 for Cyberinsurance claims!

Darkreading.com reported “cybercriminals rake in at least $1.5 trillion every year — an amount equal to Russia’s gross domestic product [GDP].” The June 1, 2018 report entitled “Cybercrime Is Skyrocketing as the World Goes Digital” relied on the “research by Dr. Michael McGuire, senior lecturer in criminology…

Continue Reading Hardly Shocking News – Cybercrime annual revenue $1.5 trillion (which would have the 13th highest GDP in the world)!

The Washington Post article highlighted the importance of GDPR in that it “underscored the extent to which the European Union has emerged as the most powerful regulator of Silicon Valley, stepping in where Washington has failed — or simply been unwilling — to limit some of the United States’ most…

Continue Reading GDPR means that EU is now the most powerful regulator of privacy in the world!

My friend Judy Greenwald reported at BusinessInsurance.com that AIG expects now that GDPR is in place that more “Companies will be more inclined to report breaches, with the impact on cyber claims similar to that witnessed in the U.S. after state breach notification laws come into effect.”  Judy’s May 24…

Continue Reading GDRP will likely lead to more cyber insurance claims!