Tag Archive for: mutual

The Franklin Mutual Insurance Group Notifies Victims of Recent Data Breach Following Ransomware Attack | Console and Associates, P.C.

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On July 13, 2023, The Franklin Mutual Insurance Group (“FMI”) filed a notice of data breach with the Attorney General of Vermont after discovering that an unauthorized party was able to gain access to FMI’s computer network. In this notice, FMI explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information. Upon completing its investigation, FMI began sending out data breach notification letters to all individuals whose information was affected by the recent data security incident.

If you received a data breach notification from the Franklin Mutual Insurance Group, it is essential you understand what is at risk and what you can do about it. As we’ve discussed in previous posts, to protect your privacy and prevent identity theft, companies have a legal obligation to keep your private information secure. Thus, when a company’s negligence causes or contributes to a data breach, victims may be able to hold the company financially liable through a data breach lawsuit. A data breach lawyer can help you learn more about how to protect yourself from becoming a victim of fraud or identity theft as well as discuss your legal options following the Franklin Mutual Insurance data breach.

What Caused the Franklin Mutual Insurance Breach?

The Franklin Mutual Insurance data breach was only recently announced, and more information is expected in the near future. However, FMI’s filing with the Attorney General of Vermont provides some important information on what led up to the breach. According to this source, FMI recently determined that an unauthorized actor was able to access the company’s computer system as a result of a ransomware attack. While FMI provides little background about what led up to the incident, it notes that the unauthorized access occurred on March 11, 2023.

In response, FMI terminated all unauthorized access, notified the FBI, and then launched an investigation into the incident. The FMI investigation confirmed that the unauthorized party accessed and downloaded consumers’ personal information that was stored on the company’s computer system.

After learning that sensitive consumer data was…

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TMS Ep138: Oscars for OTT, Baroda BNP Paribas Mutual Fund, IPO, ransomware

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Last year, pandemic forced the Academy to take a serious note of movies that made their debut on streaming platforms. And this year, streamer achieved another feat by scooping the best movie award, apart from over 35 nominations. But, back home in India, OTT’s future is clearly linked to vernacular programms and films. OTT’s future in India indeed depends on its capability to churn out good programs in local languages. Let us now move on to Baroda BNP Paribas Mutual Fund created recently by the merger of Baroda Mutual Fund and BNP Paribas Mutual Fund. Its CEO Suresh Soni spoke to Business Standard’s Krishna Veera Vanamali on the markets, the mutual fund industry and what the merged entity stands for. Not just the mutual funds, this financial year was exceptionally good for markets too. 52 Indian companies raised an all-time high of Rs 1.1 trillion through initial public offers.

And the next fiscal year may well break this record too. The government plans to launch the mega IPO of LIC soon. Get a quick check on what’s in store for the primary markets in FY23. It’s not just the stock exchanges, but companies listed there, people, organizations, the government departments etc. are always on the guard against malwares. And, of the lot, ransomware is among the most notorious. Through this, hackers take control of all the data in the system and release them at a price. This podcast shares more about the growing menace.

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Mutual Suspicion Mars Tech Trade With China – New York Times

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New York Times

Mutual Suspicion Mars Tech Trade With China
New York Times
Now, it pits a confident Chinese leadership, alarmed by evidence of online espionage by the United States, against an awkward alliance between the Obama administration and Silicon Valley — which itself is wary of Washington but is also salivating over …
EU and US groups sound alarm on China cyber security rulesFinancial Times
Suspicion Disrupts Tech Trade Between China and the USSMN Weekly

all 311 news articles »

Espionage China – read more

Mutual deterrence strategy a reality in cyberspace cold war – The Australian

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Mutual deterrence strategy a reality in cyberspace cold war
The Australian
And it has been copied several times, producing similar malware such as Duqu and Flame, so more strategic cyber attacks are inevitable. The Abbott government says cyber security is a national priority. At a recent international conference, Foreign …

flame malware – read more