The U.S. Department of Justice unsealed an indictment that alleges the men ran a massive, global ransomware operation that hacked into the computer networks of multiple U.S. victims, including several in the Garden State.

Nick Economidis joined the Morristown-headquartered company in 2018 as vice president of its cyber insurance department.

The Ewing Township company said it discovered suspicious activity in May and immediately took action to secure its systems in addition to launching an investigation. Although there was no evidence that information was accessed, the firm issued a notice “out of an abundance of caution.”

While inflation is bad news for a lot of people and business organizations, two aspects have received little attention. The first is how inflation can hurt a company’s cybersecurity efforts; and second, how price jumps could signal a change for the broader technology industry that could present challenges and threats.

The Edison-based linens company said there is no evidence of actual or attempted misuse as a result of the incident and added that it did not affect any of its e-commerce platforms or any information retained in e-commerce systems.

Businesses of all sizes, but particularly small- and medium-sized ones, are at risk of a particularly sneaky cybersecurity threat. This peril is unique because it is hidden in plain sight and springs from an unlikely source.

“This settlement should serve as a message to the industry that we are serious about holding businesses accountable when they fail to protect consumers’ sensitive personal information,” acting Attorney General Platkin said announcing the agreement.

Chad Walter joins the the digital document management company from New York-based Infinite Group Inc.

There is no question that businesses need a robust cybersecurity program. But do companies approach it the right way?

The company experienced the incident over the Fourth of July weekend, taking immediate precautions to mitigate the "coordinated and professional malware attack."

Global data breaches are on the rise, potentially impacting thousands of companies and tens of millions of people each year. The health care and life sciences industries are no exception, and protection of personal information is tantamount.

The investigation stems from a 2019 incident that the cruise line did not publicly report until March 2020.