Years later, #Marriott admits data were not encrypted before its 2018 #databreach. Now what?

Did they get insurance reimbursement because their claim said the data had been encrypted? Will #SEC find they made a material misrepresentation to consumers and investors?

Will people who didn't try to sue them claim they had relied on Marriott's statement and they now want to sue them?

Lots of questions, including when did they first find out that the data had not been encrypted and why didn't they find out and disclose it sooner?

Great reporting by Evan Schuman:
https://www.csoonline.com/article/2096365/marriott-admits-it-falsely-claimed-for-five-years-it-was-using-encryption-during-2018-breach.html

#infosec #cybersecurity

Marriott admits it falsely claimed for five years it was using encryption during 2018 breach

Marriot revealed in a court case around a massive 2018 data breach that it had been using secure hash algorithm 1 and not the much more secure AES-1 encryption as it had earlier maintained.

^{Evan Schuman (CSO Online)}

"Trump Media stock tumbles as the SEC charges its auditor with 'massive fraud'"

https://markets.businessinsider.com/news/stocks/djt-stock-price-crash-trump-media-auditor-fraud-charge-sec-2024-5

#GOP #trump #fraud #trumpmedia #stock #market #Borgers #SEC

Trump Media stock price tumbles as auditor faces 'massive fraud' charge

Trump Media's auditor was a "sham" and committed "massive fraud" for over two years, regulators said.

^{Jennifer Sor (Markets Insider)}