Tag Archive for: Doubles

Victim Count Doubles in Heart Institute Data Theft Hack


Cybercrime
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Fraud Management & Cybercrime
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Healthcare

Tennessee Practice So Far Faces 5 Proposed Class Action Lawsuits

Victim Count Doubles in Heart Institute Data Theft Hack
Image: The Chattanooga Heart Institute

The number of people affected by a Tennessee cardiac care clinic hack has more than doubled to 411,000 since the healthcare group first reported the incident to regulators in July. Cybercriminal group Karakurt claimed responsibility for the attack, which has so far triggered five class action suits.

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The Chattanooga Heart Institute told the Maine attorney general in a supplemental data breach report filed on Oct. 6 that the total number of affected individuals in a cyberattack on its IT network discovered in April 17 had risen to nearly 411,400 people – including 47 Maine residents.

The Chattanooga, Tennessee-based group in July reported to the U.S. Department of Health and Human Services and the Maine state regulator that the incident had affected 170,450 individuals, including five Maine residents (see: Tennessee Heart Clinic Tells 170,000 of Hacking, Data Breach).

The Chattanooga Heart Institute includes three vascular surgeons and 27 cardiologists at four locations in Tennessee and one in Georgia. In its breach notice, the cardiac practice said its ongoing investigation into the incident had determined that an “unauthorized third party” gained access to its network between March 8 and March 16 and obtained copies of some of the data from its systems containing confidential…

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Justice Department doubles down on efforts to thwart global cybercrime


Fresh off its largest financial seizure ever, the Justice Department said Thursday it is doubling down on U.S. efforts to combat the sharp rise in ransomware attacks worldwide and will now prioritize disrupting cybercriminals before they act.

In a speech to attendees at the annual Munich Cyber Security Conference, Deputy Attorney General Lisa Monaco unveiled several new initiatives by the Justice Department and FBI that she said will speed up their transformations into the kind of high-tech law enforcement agencies required to go after today’s hyperconnected and globalized cybercriminals.

Feds say "majority" of $4.4 million Colonial Pipeline cryptocurrency ransom recovered

Feds say “majority” of $4.4 million Colonial Pipeline cryptocurrency ransom recovered

By doing so, she said, the U.S. government is sending a clear message to hackers, crackers and other digital bad actors everywhere: “The long arm of the law can and now will stretch much farther into cyberspace than you think. If you continue to come for us, we will come for you.”

More: A Russian invasion could reach farther than Ukraine. How a cyberattack could affect you.

As part of that transformation, Monaco said, federal agents and prosecutors will focus far more intensively on the use of bitcoin and other cryptocurrencies in a wide array of malicious activities targeting American citizens and corporations.

“Ransomware and digital extortion – like many other crimes that are fueled by cryptocurrency – only work if the bad guys get paid,which means we have to bust their business model,” Monaco said.

The Justice Department and FBI also will expand their international operations and country-to-country partnerships to better thwart cybercriminals where they live and work, Monaco told the assembled group of security leaders.

In recent years, U.S. efforts to apprehend – and even identify – the perpetrators of massive cyberattacks against U.S. interests have been stymied by their ability to operate in countries like Russia, China and Iran, including at times with those countries’ consent or cooperation.

Deputy Attorney General Lisa Monaco speaks to The Associated Press during an interview at the Department of Justice in Washington on Nov. 2, 2021. Two suspected hackers accused of ransomware attacks resulting in 5,000 infections have been arrested as part of a global cybercrime crackdown, according to an announcement Monday by Europol.

Deputy Attorney General Lisa Monaco speaks to The Associated Press during an interview at the Department of Justice in Washington on Nov. 2, 2021. Two suspected hackers accused of ransomware attacks…

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Tencent Doubles Stake in Universal Music, Home to Billie Eilish and the Beatles


Tencent Holdings Ltd. is doubling its stake in the music giant behind Ariana Grande and Billie Eilish.

The Chinese internet company said Friday it was leading a consortium that had agreed to buy an additional 10% stake in Universal Music Group from Vivendi SE, in a deal that values the world’s largest music business at 30 billion euros, equivalent to $36.8 billion.

The deal bolsters Tencent’s growing presence in the record industry and its exposure to some of the biggest names in music. Universal’s stable also includes classic acts such as Queen and the Beatles, and it recently boughtBob Dylan’s entire publishing catalog.

The purchase comes nearly a year after the Tencent-led consortium, which includes its streaming business Tencent Music Entertainment Group and other undisclosed investors, first bought a 10% stake in Universal. That deal included an option to buy an additional stake of up to 10% at the same valuation.

Tencent and Vivendi also signed a separate agreement in March enabling Tencent Music to acquire a minority stake in the Universal subsidiary that owns the record label’s Greater China operations.

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