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Insurance and financial services giant Nationwide Mutual Insurance has agreed to pay out around £4 million to settle a colossal data breach that reportedly exposed personal data belonging to 1.27 million of their consumers.
Nationwide Mutual Insurance was attacked by hackers who managed to obtain a haul of personal data, including: Social security numbers; Driving licence details; Credit scores; and other personally identifiable information.
With this information, hackers and cybercriminals can be equipped with the tools required to commit identity fraud and therefore inflict huge harm and disruption to lives of the victims.
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At the capital of the United States, the District of Columbia Circuit Court of Appeals ruled that customers are permitted to sue CareFirst for a data breach that reportedly compromised 1.1 million of their customers’ personal information.
A relatively small number of customers brought the class action (group action) lawsuit, alleging that the health insurance provider had attributed to the breach for their carelessness and lack of cybersecurity.
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Well-known online price comparison website MoneySupermarket.com has been issued a hefty fine by the Information Commissioner’s Office (ICO) for reportedly sending millions of unwanted emails to customers who’d opted out of receiving marketing correspondence.
The company offers to compare prices for insurance, energy, credit cards, savings etc., and it’s likely that there’s always a myriad of deals and offers in these sectors; but many customers don’t want an abundance of emails constantly updating them of new deals. As with all newsletters, customers have a choice to opt-out, but in this case, MoneySupermarket.com appeared to ignore them under the reportedly ‘false pretence‘ of a legitimate update.
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Data breaches continue to happen more and more often, and there still doesn’t seem to be all that much being done to stop them.
We don’t need to remind companies about the worst data breaches; we’re sure they’re fresh in peoples’ minds having been splashed all over the news for so long.
In this article, we’ll take a look at some of the biggest data breaches as ranked by cybersecurity journalist, Anas Baig.
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