It's believed the suspect, a software engineer, took the trade secrets with him to China, where he now resides.
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The group hopes to increase cybersecurity awareness, education, and knowledge sharing around industrial cybersecurity concerns.
According to a regulator, retail banks in the region took the biggest hit last year.
A bill passed by a Senate Committee last week could ease Health Insurance Portability and Accountability Act (HIPAA) enforcements by incentivizing healthcare entities to adopt cybersecurity policies.
A data breach at this company may have started as early as nine years ago, in the summer of 2010.
A committee whose job is to oversee tax administration issues for the IRS says limitations at the agency are fostering cybersecurity risks.
A data breach and mounting cybersecurity consulting costs, legal requirements, and regulatory obligations, proved too much for this company to come back from.
The Office for Civil Rights recently reminded business associates what HIPAA violations it can be held liable for and when the Department of Health and Human Services can take enforcement action.
With a new cybersecurity team dedicated to enforcing the department’s regulations under its wing, the New York Department of Financial Services (NYDFS) will grow even more vigilant of violations.
It took five months but the Office for Civil Rights' first HIPAA settlement of the year, $3M, stems from a breach involving an unsecured FTP server.
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