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Cyber Daily: GOP Bill Attempts to Inject Life Into Stalled Internet Privacy Talks
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Hello. With work toward a federal privacy law largely stalled for the past 18 months, a top Republican lawmaker plans to introduce a bill Wednesday to set limits on how companies can use consumer data, WSJ Pro’s David Uberti reports.
Other news: cyber insurance market shifts under pressure; phishing attacks lead to data breaches at San Diego health system and the firm that now owns the assets of Sears and Kmart; and more.
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Sen. Roger Wicker (R., Miss.) plans Wednesday to introduce a bill for ensuring consumers’ control over personal data collected or processed by companies.
PHOTO: J. SCOTT APPLEWHITE/ASSOCIATED PRESS
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Privacy agenda: Sen. Roger Wicker (R., Miss.) plans Wednesday to introduce a bill to ensure consumers’ control of their personal data collected or processed by companies.
In the new bill, Mr. Wicker, the Senate Commerce Committee’s ranking member, is drawing from a 2019 draft bill that Democrats opposed.
A list of data-management requirements for companies makes exceptions for certain aggregated data and creates no right for consumers to sue companies over information mismanagement—a familiar sticking point for bills at the state level.
Read the full story.
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Cyber insurers increase requirements. Companies can expect to pay more for cyber insurance and undergo deeper scrutiny of their cybersecurity measures after a flood of ransomware and other attacks in the past year. (Insurance Business Magazine)
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Certain attacks, meanwhile, are getting more expensive to manage. The average ransomware claim jumped to $1.2 million in the first half of the year, from $450,000 during the same period a year ago, according to cyber insurance provider Coalition Inc., which analyzed claims from 50,000 of its customers.
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"I think it's more than likely we're going to end up, if we end up in a war—a real shooting war with a major power—it's going to be as a consequence of a cyber breach of great consequence and it's increasing exponentially, the capabilities."
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— President Biden said Tuesday at the Office of the Director of National Intelligence
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PHOTO: OLIVIER DOULIERY
/AGENCE FRANCE-PRESSE/GETTY IMAGES
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Sears, Kmart data breached. A phishing scheme at Transformco, which owns the assets of former retail powerhouses Sears and Kmart, exposed sensitive financial and health-insurance data related to current and former employees. Transformco said it wasn’t able to determine exactly which individuals were affected, opting to notify about 180,000 people of the incident. The company said its servers were accessed between June 3 and June 15.
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PHOTO: BING GUAN/BLOOMBERG NEWS
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Phishing strike compromised patient data. The healthcare system of the University of California, San Diego, disclosed that some employee email accounts were penetrated through a phishing scam between December 2020 and April 2021. Sensitive information about an unspecified number of patients, students and employees was exposed. (Bleeping Computer)
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