and these hackers are just about extorting, not about disrupting, to financial fraud. so companies are issuing credit monitoring, which you re familiar with. the hackers are negotiating behind the scenes. they re demanding, i heard from one source involved in the negotiations, over $100 million from an institution, a coil the in the u.s. which was a nonstarter. ana ana an audacious amount. some have paid u.s. cyber security confirmed the other day. i guess the point is, sometime they take the data, use the data and sometime they issue a ransom and the companies pay. ahead, a welcome development in philadelphia. specially for commuters on the
supply chain attacks. there s this ripple effect. ultimately at the end of the day, it s the individual s data that s held hostage and that can be sold over the dark web for, again, more financial gain. so individuals can do credit monitoring. they can use a robust password manager, change their passwords and do those kinds of things. but ultimately we need to get out of the position where we re passing the responsibility down to the lowest level of victim in these attacks. we really need government agencies, corporate entities, businesses to be regulated so that they have a really a fiduciary duty to protect this information, to report when they have a breach position. we know expectation that would never be breached. we want to know you have a resilient plan when breached and you can recover from the breach. that s where csia has done a great job focusing on resiliency. until we get regulation,
Unfortunately, we generally do not learn about credit and other personal finance subjects in school. So when we start "adulting" and embarking on quests like getting our first credit cards or.
New York Attorney General Letitia James announced New York-based law firm will pay $200,000 in penalties and enhance cybersecurity practices to settle charges from 2021 data breach. Attackers acquired private data of over 114,000 patients.