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PHOTO: SPENCER PLATT/GETTY IMAGES
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Pharmacy services giant PharMerica agreed to settle a data-breach class-action case, with a $5.275 million payment to patients and their lawyers and another $2.542 million annually to improve its cybersecurity.
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Separately, Norton Healthcare, which is also in Louisville, agreed to pay $11 million to resolve a suit stemming from a 2023 ransomware attack that exposed the personal, medical and in some cases financial data of 2.5 million current and former patients and employees. Norton runs 480 hospitals and facilities in Kentucky and Indiana.
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Norton breach victims will also get three free years of medical-account monitoring by CyEx.
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🎧 Dow Jones Risk Journal Podcast: Washington's oil embargo is raising the risk of a humanitarian crisis in Cuba. Also, trade compliance professionals are in hot demand. James Rundle hosts.
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A distributed denial-of-service attack disrupted ticketing and other tech systems at Germany’s national rail operator, Deutsche Bahn. The attack began Tuesday, Deutsche Bahn said, without providing details about the scope or who might be behind it. (SecurityWeek)
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Remember "the Sony hack?" Former CEO of Sony Pictures Entertainment Michael Lynton sure does. A chapter in Lynton's new memoir tells the story of what was at the time one of the worst cyberattacks in corporate history.
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The 2014 attack, attributed to North Korea, revealed lots of juicy emails about Hollywood and business deals, damaged 70% of Sony's servers "and put my own family at risk," he writes. Read an excerpt from the book in WSJ.
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PHOTO: ALEX WONG
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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 program. Request a complimentary invitation here using the code COMPLIMENTARY. Attendance is limited and subject to approval.
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