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November

7
2022
Industry News

FTC Takes Action Against Ed Tech Provider for Failure to Secure Student’s Personal Information

On October 31, 2022, the Federal Trade Commission (FTC) announced it has taken action against education technology provider Chegg Inc. (“Chegg”) for its “careless” cybersecurity practices that exposed sensitive personal information of millions of its customers and employees. This action highlights the FTC’s continued efforts to aggressively protect consumer personal data.

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November

4
2022
Industry News

Generation USA and Addition Financial Credit Union Partner for Credit Union Member Services Specialist Program

ORLANDO, Fla., Nov. 03, 2022 (GLOBE NEWSWIRE) -- Generation USA and the League of Southeastern Credit Unions and Affiliates have partnered with Addition Financial Credit Union on Generation USA's Credit Union Member Services Specialist Program.

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November

4
2022
Industry News

Convergent Outsourcing, Inc. Reports Data Breach Following Ransomware Attack

On October 26, 2022, Convergent Outsourcing, Inc. reported a data breach with the Montana Attorney General after the company experienced a ransomware attack. According to Convergent Outsourcing, the breach resulted in the names, contact information, financial account numbers, and Social Security numbers being compromised.

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November

4
2022
Industry News

Banks processed $1.2B in ransomware-related payments in 2021, FinCEN says

U.S. financial institutions reported a record-setting $1.2 billion worth of ransomware-related filings in 2021, a nearly 200% increase compared to the $416 million in 2020, according to a report published by the Financial Crimes Enforcement Network (FinCEN) on Tuesday.

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November

4
2022
Industry News

Ethos Group Confirms Recent Data Breach

On October 31, 2022, Ethos Group filed documents with the Vermont Attorney General announcing that the company recently experienced a data breach impacting the security of consumer information stored on its computer systems. While the company has not yet disclosed the exact data types leaked in the recent breach, based on the relevant data breach reporting requirements, it is likely that the incident affected consumers’ names and one or more of the following: Social Security numbers, financial account information, protected health information or government identification numbers.

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