Data breach of Michigan healthcare giant exposes millions of records

Michigan-based healthcare nonprofit McLaren Health Care notified more than 2 million people about a data breach exposing personal information on Thursday, according to a data breach notification report. Unauthorized access to McLaren systems began on July 28 and lasted through August, but the individual impact varies from person to person. 

According to a notice on the McLaren website, the company learned of the breach on August 31. An investigation into the impacted files concluded on October 10, and if you'll take a look at today's date, it took an additional month for the company to let the public know about the incident.

"Potentially affected current and former patients of McLaren are encouraged to remain vigilant against incidents of identity theft by reviewing account statements and explanations of benefits for unusual activity and to report any suspicious activity promptly to your insurance company, health care provider, or financial institution," the nonprofit said in a statement.

While McLaren hasn't released any details about the attack, such as who is behind it or possible motivations, the ALPHV/BlackCat ransomware group claimed responsibility for the attack, according to Bleeping Computer. Ransomware groups are known to do this for publicity, but the actor behind an attack usually can't be confirmed until a third-party security researcher independently verifies it.

McLaren encompasses 13 hospitals and employs 490 physicians across Michigan and Indiana, with an annual revenue of $6.6 billion. Its offering identity protection services to affected people that enroll by February 9. There's currently no evidence that data leaked in the breach has been misused, according to McLaren. 

This article originally appeared on Engadget at https://www.engadget.com/data-breach-of-michigan-healthcare-giant-exposes-millions-of-records-153450209.html?src=rss

FTX founder Sam Bankman-Fried found guilty of fraud, faces up to 110 years in prison

A federal jury has found FTX founder Sam Bankman-Fried guilty on all seven counts of fraud and conspiracy, which he was charged with following the downfall of his cryptocurrency exchange. According to The New York Times, he faces a maximum sentence of 110 years in federal prison. SBF, as he's now infamously known, was arrested in the Bahamas back in December 2022 after the Department of Justice took a close look at his role in the rapid collapse of FTX. The agency examined whether he transferred hundreds of millions of dollars when the exchange filed for bankruptcy. (The company claimed it was hacked after around $600 million disappeared from its funds.) The DoJ also investigated whether FTX broke the law when it moved funds to its sister company, Alameda Research.

During SBF's trial, which took place over the past month, prosecutors argued that he used FTX funds to keep Alameda Research running. The fallen entrepreneur also founded the cryptocurrency hedge fund, which was ran by his girlfriend Caroline Ellison, who was aware that he used FTX customers' money to help Alameda meet its liabilities. Bankman-Fried previously denied that he deliberately misused FTX's funds. 

The Times says his lawyers tried to portray him as a math nerd who had to grapple with "forces largely outside of his control," but the jury clearly disagreed after the prosecution called Ellison and three of Bankman-Fried's former top advisers to the witness stand. Ellison and all of those advisers had pleaded guilty, with the Alameda Research chief admitting that she committed fraud at Bankman-Fried's direction. The FTX founder himself took the stand and said that he "deeply regret not taking a deeper look into" the $8 billion his hedge fund had borrowed from the cryptocurrency exchange. 

Bankman-Fried was charged with committing wire fraud against FTX customers; wire fraud on Alameda Research lenders; conspiracy to commit wire fraud against both; conspiracy to commit securities and commodities fraud on FTX customers; as well as conspiracy to commit money laundering. He is scheduled to be sentenced on March 28, 2024 by US District Judge Lewis A. Kaplan, who also presided over the FTX trial. 

This article originally appeared on Engadget at https://www.engadget.com/ftx-founder-sam-bankman-fried-found-guilty-on-seven-charges-of-fraud-and-conspiracy-012316105.html?src=rss