Business
PayPal discloses data breach that exposed user info for 6 months
PayPal is notifying customers of a data breach after a software error in a loan application exposed their sensitive personal information, including Social Security numbers, for nearly 6 months last year. The incident affected the PayPal Working Capital (PPWC) loan app, which provides small businesses with quick access to financing. PayPal discovered the breach on December 12, […]
Co-op says it lost $107 million after Scattered Spider attack
The Co-operative Group in the U.K. released its interim financial results report for the first half of 2025 with a massive loss in operating profit of £80 million ($107 million) due to the cyberattack it suffered last April. The impact is analyzed into two categories, namely £20 million in one-off incremental costs and £60 million […]
Microsoft Edge now offers secure password deployment for businesses
Microsoft announced that a new Edge feature allowing employees to share passwords more securely in enterprise environments has reached general availability. Known as secure password deployment, this feature will be available to Microsoft Edge for Business users starting this week, minimizing the risk of unauthorized access by ensuring that employees don’t accidentally share passwords with […]
Microsoft introduces new Windows backup tool for businesses
Microsoft has introduced Windows Backup for Organizations, a new backup tool for enterprises that simplifies backups and makes the transition to Windows 11 easier. First announced at Microsoft Ignite in November 2024, this tool is now in limited public preview and will help back up and restore a user’s Windows settings after resetting or reimaging their […]
Ransomware attack cost IKEA operator in Eastern Europe $23 million
Fourlis Group, the operator of IKEA stores in Greece, Cyprus, Romania, and Bulgaria, has informed that the ransomware attack it suffered just before Black Friday on November 27, 2024, caused losses estimated to €20 million ($22.8 million). The security incident became public on December 3, 2024, when the group admitted that the technical problems IKEA online shops were facing were […]
Leaked info of 122 million linked to B2B data aggregator breach
The business contact information for 122 million people circulating since February 2024 is now confirmed to have been stolen from a B2B demand generation platform. The data comes from DemandScience (formerly Pure Incubation), a B2B demand generation company that aggregates data. Data aggregation is the process of collecting, compiling, and organizing data from public sources to […]