Plus: Ingram Micro hack disrupts orders
| | | | | | | | | | Bank Tech Firm Finastra Discloses Data Breach | | | | | | | | Welcome back. Fintech provider Finastra is notifying more people of a data breach traced to a hack in October and November of 2024. The London-based company, which counts 45 of the top 50 banks among its customers, hasn't come out with a full tally of individuals breached but has issued notices in Maine, California and Massachusetts, among other locations. More news below. | | | | | | CONTENT FROM: Zscaler |  | | Why Ransomware is Winning Despite Billions Spent on Security | | Zscaler CEO Jay Chaudhry shares insights on how embracing Zero Trust AI stops ransomware at all four stages of an attack. Like a bank robbery, ransomware attacks find weaknesses, break in, move laterally, and steal or encrypt data. Attacks succeed because companies rely on firewalls as their primary defense. Firewalls expose public IPs, inviting attacks. Take back control of your security. Watch Now | ![]() | | | | | | |  | PHOTO: BRENDAN MCDERMID/REUTERS | | | | | Global tech provider Ingram Micro Holding was working to restore order processing and other systems Sunday after a ransomware attack. The Irvine, Calif., company disclosed the hack Saturday, apologizing to customers and vendor partners for disruptions. | | | | Surmodics, which supplies components to medical-device makers, said a June cyberattack compromised internal data. An investigation is under way to figure out the extent of the breach, the company said in a regulatory filing. Cyber insurance should cover most expenses related to the incident, Surmodics said. | | | The South Korea unit of luxury brand Louis Vuitton said customer data was leaked in a cyberattack detected Wednesday, without providing details. (Reuters) - Separately, South Korean government officials fined mobile carrier SK Telecom up to 30 million won, or about $22,000, for security failings that compromised more than 26 million pieces of customer data in April. SK Telecom's chief executive must now directly oversee data governance, under the government's order. (Reuters)
| | | | | |  | PHOTO: CARLOS ELIAS JUNIOR/ZUMA PRESS | | | | | BRICS countries seek AI regulation. Brazil, Russia, India, China and South Africa, in a summit kicked off Sunday in Rio de Janeiro, are expected to call for guardrails on data collection by tech companies to feed their AI models. Rules could include compensating those who provide data. (Reuters) | | | | Arrested: Police in Brazil arrested a suspect in connection with a hack on a tech company that connects banks to the country's central bank. A former technology employee of C&M Software allegedly hacked the company last week, diverting about $100 million from one bank, police said. (Associated Press) | | | | | | | | | | | | | |
