Monthly Archives: February 2020

10.6 Million of MGM’s Customer Data Records Leaked After Breach

Hackers Leak Data
10.6 million customer data records were published on a hacker’s forum this week. The hotel chain MGM was breached last year and notified individuals affected afterwards. Personal information contained names, contact information and addresses of many high-profile individuals travelling for business.

“Last summer, we discovered unauthorized access to a cloud server that contained a limited amount of information for certain previous guests of MGM Resorts,” MGM told ZDNet. “We are confident that no financial, payment card or password data was involved in this matter.”

Personal information should be protected by multiple safeguards. Encryption is one important tool. When encrypted personal information is stolen, the encryption must be broken before the records can be accessed and distributed. Powerful computers over time and quantum computers can crack traditional RSA encryption.

IronCAP is a quantum-safe encryption solution. Even if personal information is stolen, when encrypted by IronCAP the data will be inaccessible. Be protected even in the case of a data breach or hack.

Protect your customer’s information and your company’s important data with IronCAP’s quantum-safe encryption. Visit our website for more information or email sales@ironcap.ca to learn more.

Read the full story on ZDNet below:
https://www.zdnet.com/article/exclusive-details-of-10-6-million-of-mgm-hotel-guests-posted-on-a-hacking-forum/” rel=”nofollow”>

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Coming Soon IronCAP X Product Could Have Saved AIG $6M in Cyber-Insurance Payout!

IronCAP

Jeff Stone at CyberScoop reported that Insurance company AIG is responsible to reimburse a $6M loss to a client using their cyber-insurance. The client SS&C Technology was fooled by hackers in 2016, who sent spoofed emails pretending to be a legitimate supplier asking for payment. AIG denied the claim at first. The issue went to federal court and was ruled in SS&C’s favor.

These types of attacks are more common and costly than one might think. “Such attacks, known as business email compromise (BEC) scams, cost organizations an average of $301 million every month in 2018, the U.S. Department of Treasury previously determined.”

IronCAPX is an email security product that is coming soon. IronCAP X allows senders to digitally sign the email, so that recipients can trust the legitimacy of the sender. Moreover, IronCAP X digital signature feature is not only safe today but also in the future world of #quantumcomputers.

For more information, send us a message. For more information about the news, see the original article: https://www.cyberscoop.com/aig-cyber-insurance-ssc-technologies/

#encryption #cybersecuritynews #quantum #ironcap #cryptography #nist #01communique #cyber #datasecurity #infosec #hacking