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Casino giant MGM expects $100 million hit from hack that led to data breach

by AIP Online Bureau | Oct 9, 2023 | International News, Risk Management, Technology, Workplace/Employee Benefits

The MGM data breach, which the FBI is investigating, is a vivid example of how large organizations remain vulnerable to cybercrime. Analysts who have tracked Scattered Spider say more and more organizations have been falling for the group’s skilled social engineering...

Average cost of data breach in India touches high of Rs 17.9 cr in 2023: IBM study

by AIP Online Bureau | Jul 25, 2023 | Data, Eco/Invest/Demography, Risk Management, Technology

The most common attack type in India was phishing (almost 22 per cent), followed by stolen or compromised credentials (16 per cent). Social engineering was the costliest root cause of breaches at Rs 19.1 crore, followed by malicious insider threats, which amounted to...

Reports of breach of data from CoWIN without any basis: Health Ministry

by AIP Online Bureau | Jun 12, 2023 | Health, Indian News, Risk Management, Technology

”It is clarified that all such reports are without any basis and mischievous in nature. Co-WIN portal of Health Ministry is completely safe with adequate safeguards for data privacy,” it said. The ministry, however, said it has requested the Indian...

Dutch watchdog looking into alleged Tesla data breach

by AIP Online Bureau | May 28, 2023 | International News, Risk Management

The data protection office in Brandenburg, which is home to Tesla’s European gigafactory, described the data leak as “massive.” The data protection watchdog for the Netherlands said on Friday it was aware of possible Tesla data protection breaches, but it was too...

Toyota Motor’s Indian unit warns of a possible customer data breach

by AIP Online Bureau | Jan 4, 2023 | Eco/Invest/Demography, Indian News, Non-Life, Risk Management

“Toyota Kirloskar Motor (TKM) has been notified by one of its service providers of an incident that might have exposed personal information of some of TKM’s customers on the internet”, TKM said in an emailed statement without disclosing the size of...
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