MGM Resorts, a major hospitality and entertainment company, has disclosed that a recent cyberattack, which occurred in September 2023, cost the company a staggering $100 million. This attack also resulted in the theft of customers' personal information, sparking concerns about data privacy and security.
In today's digitally driven world, where businesses have become increasingly reliant on technology to streamline operations and serve customers, cybersecurity stands as a towering concern. As organizations embrace technological advancements, cybercriminals, ever the opportunists, are continuously seeking ways to exploit these innovations for personal gain.
Johnson Controls International, a global industrial conglomerate specializing in industrial control systems, security equipment, air conditioners, and fire safety equipment, is currently facing a significant ransomware attack that has had far-reaching consequences for the company and its numerous subsidiaries. The attack has left multiple company devices, including VMware ESXi servers, encrypted, causing operational disruptions.
Pizza Hut Australia is reaching out to its customers with data breach notifications following a cyberattack that allowed unauthorized access to sensitive personal information.
In a cybersecurity landscape fraught with threats and vulnerabilities, a recent survey by Keeper Security, a provider of cloud-based zero-trust and zero-knowledge cybersecurity software, has shed light on a concerning trend: despite a notable 40% of organizations experiencing cybersecurity incidents, nearly half of them (48%) have refrained from disclosing these breaches to the appropriate authorities. This revelation underscores the critical need for enhanced reporting mechanisms and a shift in organizational cybersecurity culture.
The Securities and Exchange Commission (SEC) has given its stamp of approval to a revised rule aimed at enhancing the agency's regulations under the Privacy Act. The Privacy Act is a foundational law governing the management of personal information within the federal government. This move is set to provide greater clarity, accessibility, and efficiency in handling privacy-related matters at the SEC.
The Clorox Company, renowned for its household brands like Burt's Bees, Glad, and Pine-Sol, is currently facing significant disruptions following a recent cybersecurity attack. This attack has cast a shadow over the availability of Clorox products, potentially contributing to shortages in the market.