Pension Benefit Information, LLC (PBI) has recently disclosed a security breach resulting from a MOVEit vulnerability—a technology that offers secure and managed file transfers. According to a formal notice submitted to the Attorney General of Maine, this incident has impacted customers of Continental Casualty Company (CNA), with unauthorized access to sensitive consumer data being executed….
In an era of escalating cybersecurity threats, the retail industry is also facing the consequences of data breaches. Most recently, fashion retail giant F21 OpCo LLC also known as Forever 21, reported a significant leakage of personal data, affecting more than 539,000 individuals. The breach was reported to the Attorney General of Maine on August…
Recent developments have highlighted a delay in the implementation of an important provision of the SECURE 2.0 Act of 2022. The IRS has announced a postponement in the execution of the Roth Catch-Up Contribution Provision for two years. This decision is vital to participants in 401(k) plans, 403(b) plans, or governmental 457(b) plans aged 50…
The Internal Revenue Service (IRS) issued a notice on August 25, with an unexpected delay in the implementation of a provision of the SECURE 2.0 Act of 2022. The delay comes as welcomed news to employees participants in a 401(k), 403(b) or governmental 457(b) plan who earn in excess of $145,000 in Social Security wages….
An opportunity arose last week when the IRS delayed its enforcement of the new law that mandates workers earning over $145,000 a year to make catch-up contributions solely on a Roth (post-tax) basis. This hold, which extends until 2026, was influenced by the efforts of the benefits community and retirement plan sponsors who called on…
Following significant investigation, VNS Health has clarified the circumstances surrounding a recent data breach at third-party vendor, TMG Health. The breach, which occurred on August 14, 2023, resulted in the exposure of sensitive information pertaining to 103,775 consumers. VNS Health has already filed notice of this breach to the U.S. Department of Health and Human…
The United Nations (UN) Committee on the Rights of the Child recently published authoritative guidance concerning children’s rights with respect to the environment amidst growing concerns of climate change. The guidance entreats member states to promptly implement intervention measures that address the negative impacts of environmental degradation and protect children’s right to a clean and…
Orrick, Herrington & Sutcliffe LLP, a recognized global law firm, is facing another lawsuit following a spring data breach that enabled unauthorized access to personal information of close to 153,000 people. The accessed data includes highly sensitive information such as Social Security numbers, names, addresses, and birth dates. This is now the second lawsuit that…
On August 25, 2023, PurFoods, LLC, parent company of Mom’s Meals, announced a significant data breach affecting over 1.2 million consumers. This disclosure was made after the company discovered that an unauthorized third party had gained access to confidential consumer information stored on the firm’s computer network, as detailed in a notice filed with the…
Blue Cross and Blue Shield of Illinois (BCBSIL) recently reported a data breach that occurred at HCSC Insurance Services Company. The incident took place on August 14, 2023, which BCBSIL then informed the Attorney General of Maine about it according to JD Supra. According to BCBSIL’s notice, the breach resulted in unauthorised access to consumers’…
On August 23, 2023, CLEAResult, a renowned energy optimization consulting firm, disclosed a critical data breach in a notice filed with the Attorney General of Massachusetts. The breach had allowed unauthorized access to confidential consumer information entrusted to the company. As detailed in the submitted notice, the cybersecurity incident resulted in the exposure of consumers’…
On August 15, 2023, the Consumer Financial Protection Bureau (CFPB) made an important announcement indicating its intention to initiate a comprehensive rulemaking process. The process aims to bring about large changes for entities collecting and selling customer data. Specifically, the rulemaking involves redefining data brokers as consumer reporting agencies, thereby subjecting them to regulations under…
The rise of Artificial Intelligence (AI) technology in business is a promising development. Notable applications like ChatGPT, a large language model, are transforming the way people perform a range of tasks from brainstorming to generating ideas, and even in assisting with academic exams. These emerging AI technologies are capable of not only enhancing human work…
Radius Global Solutions, LLC, a major player in the business services arena, recently disclosed that they suffered a significant data breach due to vulnerabilities in their MOVEit server. The details surrounding the breach were clarified in a notice, filed with the U.S. Department of Health and Human Services Office for Civil Rights on August 4,…
The Loren D. Stark Company (LDS), a reputable firm managing retirement accounts, recently reported a data breach incident. The company filed a notice with the Vermont Attorney General on August 4, 2023, acknowledging that it had been the victim of a significant cyberattack. The assailant was reported to have gained unauthorized access to consumers’ confidential…
Bank OZK, a reputable financial institution, recently announced a concerning data breach affecting an undisclosed number of its customers. The breach originated not from the bank itself, but one of its business partners, demonstrating that the security vulnerabilities extend far beyond a single organization’s control. The bank discovered the breach on August 7, 2023, and…
Recently, Hospitality Staffing Solutions LLC (“HSS”) placed a notice of data breach at the Attorney General of Maine’s doorstep, following the discovery of unauthorized access to the company’s computer network. This announcement was made on August 1, 2023, but the impact of the data breach already seems significant. According to reports, the security breach was…
In a significant data breach incident, American National Insurance Company, also known as American National Group (“ANICO”) reported that confidential customer data was accessible to an unauthorized party. The insurance company lodged a notice of the data breach with the Attorney General of Texas on August 7, 2023. According to the notice submitted by ANICO,…
In a recent unsettling development, The Hartford Life and Accident Insurance Company has announced a crucial data breach that has potentially affected thousands of customers. The announcement came in the form of a formal notice of data breach filed with the Texas Attorney General on August 7, 2023. As explained by Console and Associates, P.C.,…
In a recent notable incident within the legal and corporate world, PH TECH, a widely recognized health information company, posted a breach notification on its website. The notice, posted after it was discovered that an unauthorized party had gained access to the company’s MOVEit server, comes as a stark reminder of the vulnerability of sensitive…