Tag Archives: Data Breach

Statistics Show Data Breaches Increasing at Record Pace in United States

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Written By ESR News Blog Editor Thomas Ahearn

Statistics released by the Identity Theft Resource Center (ITRC) and CyberScout reveal the number of data breaches in the U.S. tracked through June 30, 2017 hit a half-year record high of 791, according to an ITRC press release. At this pace, ITRC anticipates the number of data breaches could reach 1,500 in 2017, a 37 percent increase over 2016, when data breaches reached an all-time record high of 1,093. Continue reading

Target Settles Credit Card Data Breach Case for $18.5 Million

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Written By ESR News Blog Editor Thomas Ahearn

California Attorney General Xavier Becerra has announced a record $18.5 million multi-state settlement with Target, Inc. in response to allegations that more than 40 million customers had their payment card information compromised from a data breach during the 2013 holiday season after the retailer failed to provide reasonable data security, according to a press release on the Attorney General’s website. Continue reading

Security Experts Call WannaCry Ransomware Attack One of the Largest Global Cyberattacks Ever

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Written By ESR News Blog Editor Thomas Ahearn

Security experts are calling “WannaCry” (also known as “WannaCrypt”) one of the biggest cyberattacks ever after the ransomware program took advantage of a vulnerability in Microsoft Windows to spread to 150 countries and infect at least 200,000 computers around the world by locking down all files and allowing hackers to demand a $300 ransom in bitcoins for their release, according to a report from CNN. Continue reading

Financial Institutions Will Seek Stronger Security Measures from Screening Providers including SOC 2 Reports and NAPBS Accreditation

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Written By ESR News Blog Editor Thomas Ahearn

With data breaches front page news in 2016, industries dealing with sensitive and confidential information – especially in the financial sector – know ensuring data security from third party service providers is mission critical. The fact that businesses including banks and financial institutions will seek stronger security measures such as SSAE 16 Service Organization Control (SOC) 2® reports and accreditation from National Association of Professional Background Screeners (NAPBS®) from screening providers is Trend Number 3 in the Employment Screening Resources® (ESR) 10th annual ‘ESR Top Ten Background Check Trends’ for 2017. Continue reading

FTC Issues Data Breach Response Guide for Businesses

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Written By ESR News Blog Editor Thomas Ahearn

With massive data breaches like the one affecting 500 million Yahoo users in the news lately, the Federal Trade Commission (FTC) has issued a new Data Breach Response: A Guide for Business that outlines the steps that businesses should take when experiencing a data breach. Continue reading

Massive Yahoo Data Breach Could Affect 500 Million Users

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Written By ESR News Blog Editor Thomas Ahearn

Technology company Yahoo has confirmed user account information that may have included names, email addresses, phone numbers, dates of birth, passwords, and security questions was stolen from 500 million Yahoo user accounts by “a state-sponsored actor” in a massive data breach in late 2014. (UPDATE: Important Security Information for Yahoo UsersYahoo believes an unauthorized third party, in August 2013, stole data associated with more than one billion user accounts. Yahoo believes this incident is likely distinct from the incident the company disclosed on September 22, 2016.) Continue reading

Data Breach Caused by Alleged Phishing Scam Leads to Class Action Lawsuit against Supermarket

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Written By ESR News Blog Editor Thomas Ahearn

A proposed nationwide class action lawsuit claims that Phoenix, Arizona-based supermarket chain Sprouts Farmers Market Inc. allegedly fell victim to a data breach caused an email “phishing” scam that led the company’s payroll department to voluntarily release the W-2 Wage and Tax Forms of up to 21,000 employees in March 2016, according to a report on the Top Class Actions website. Continue reading

Sony Data Breach Lawsuit Settlement Gets Final Approval

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Written By ESR News Blog Editor Thomas Ahearn

A federal judge in Los Angeles has given final approval to a multimillion-dollar settlement that finally ends a class action lawsuit against Sony Pictures stemming from a massive data breach suffered by the studio in November 2014 that exposed the personal data of thousands of employees online, Deadline Hollywood reports. Continue reading

EU-US Privacy Shield Framework Text Now Available on Department of Commerce Website

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Written By ESR News Blog Editor Thomas Ahearn

The full text of the new EU-U.S. Privacy Shield Framework issued by the European Commission to govern data transfers between the European Union (EU) and the United States (U.S.) while providing a set of robust and enforceable protections for the personal data of EU individuals is now publicly available on the U.S. Department of Commerce website at https://www.commerce.gov/privacyshield. Continue reading

Home Depot to Pay $19.5 Million for Massive Data Breach

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Written By ESR News Blog Editor Thomas Ahearn

Home Depot Inc. has agreed to pay $19.5 million – $13 million to settle class action lawsuits and $6.5 million for identity protection services – to compensate approximately 40 to 50 million consumers affected by a massive data breach in 2014, according to a report from Reuters. Continue reading