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PHOTO: DAVID PAUL MORRIS/BLOOMBERG
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PayPal is notifying about 100 small-business customers of a data breach related to a problem in its loan app that left information exposed for nearly six months last year. The company said it discovered a coding error in its PayPal Working Capital loan app on Dec. 12. Personal information including Social Security numbers is at risk. PayPal reset passwords for the affected accounts. (Bleeping Computer)
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Hacks that shut down hospitals or a power grid are an act of war, according to most people in the key allied countries of the U.S., U.K., Canada, France and Germany. Politico polled more than 2,000 adults in each nation, with Public First, a survey company in London.
Here's how responses shook out:
Canada: 73%
U.K.: 71%
U.S.: 67%
Germany: 65%
France: 60%
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Healthcare facilities closed: The University of Mississippi Medical Center is closing clinics across the state Monday and Tuesday as the healthcare provider responds to a cyberattack that hit last Thursday. Emergency departments remain open, but elective procedures have been canceled, the medical center said in a Facebook post. Electronic medical records, and email and phone systems are down.
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Choice Hotels International began mailing notices to franchisees and franchise applicants that their personal data was breached in January. "A skilled person used social engineering" to get into franchise records, bypassing multifactor authentication procedures, the hotelier said, adding that it detected and stopped the intrusion within an hour.
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The United Arab Emirates has fought off a spate of AI-powered cyberattacks in recent weeks, according to the the UAE Cybersecurity Council. Cyber officials didn't provide details other than to say the attacks used artificial intelligence to create "offensive tools." (Bloomberg)
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Ransomware investigation: Advantest, which supplies semiconductor-testing equipment to Intel, Samsung and others, is investigating a suspected ransomware attack that might have breached sensitive information, the Tokyo-based company said. The Japanese government in October put out new cybersecurity guidelines for the chip industry. (SecurityWeek)
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👉 Join us! The Dow Jones Risk Journal Summit in New York on March 4 will include an interview with Aanchal Gupta, chief security officer at Adobe, on how companies should respond to rising digital risks.
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The Summit will also feature a discussion on the complexities of international and state-level laws covering data, AI and cybersecurity with Erika Brown Lee, head of global data privacy legal with Citi, and Vivek Mohan, co-chair of the AI practice at law firm Gibson Dunn.
See the full agenda. Request a complimentary invitation here using the code COMPLIMENTARY. Attendance is limited and subject to approval.
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In a shortened Presidents Day week, the CyberIndex remained relatively unchanged, ending down 45 basis points from opening Tuesday to market's close on Friday. Akamai Technologies saw the biggest losses for the week, down 11.24%. Leidos Holdings gained 7.48% from Tuesday, edging out Commvault Systems, which gained 6.95%.
— Jon Leckie
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Investors are watching for cyber stocks to bounce back Monday after many fell when Anthropic released a preview of Claude Code Security, an AI tool that searches for security bugs in open-source software and suggests remedies. OpenAI recently said it is weighing whether to get into cybersecurity tools. (Investor's Business Daily)
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