Jun212019 by genxwordadminNo Comments
New York-based Debt Collector Company Files for Bankruptcy Due to Data Breach

New York-based Debt Collector Company Files for Bankruptcy Due to Data Breach

Information Security, IT Support
New York-Based Debt Collector Company Files for Bankruptcy Due to Data Breach Retrieval-Masters Creditors Bureau, Inc., a New York-based company that collects debt on behalf of third parties under the name American Medical Collection Agency, has filed for bankruptcy, citing large-scale data breach as the main cause of the bankruptcy. Russell Fuchs, Founder and Chief Executive Officer of Retrieval-Masters Creditors Bureau, Inc., filed last June 17 a bankruptcy petitionbefore the U.S. District Court for the Southern District of New York. Fuchs, who has a total of 40 years of experience working at the company, said that the large-scale data breach that the company had been exposed to and the avalanche of events thereafter resulted in a “severe drop-off” of the company’s business, which ultimately led the company to seek relief…
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Oct272018 by genxwordadminNo Comments
When to Report a Data Breach

When to Report a Data Breach

Information Security
When to Report a Data Breach Cathay Pacific Airways, the official flag carrier of Hong Kong, recently disclosed that it suffered a major data breach. The data breach announcement was, however, made 7 months after the cyber incident was discovered by the company. Cathay Pacific’s delayed data breach disclosure highlights the question on when is the right time to report a data breach. To date, the data breach at Cathay Pacific is the world’s biggest airline data breach, affecting 9.4 million people – more than the total population of Hong Kong. The airline, in a statement, said that passenger data, including name, nationality, date of birth, phone number, email, address, passport number, identity card number, frequent flyer programme membership number and historical travel information were accessed without authorization. The company…
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