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Here’s the latest installment of the Hacks, Attacks and Breaches cybersecurity news update.

The Logically team provides top cyber security stories every week to keep you up to date on the latest news headlines on cybersecurity, hacking, computer security, ransomware and other cybersecurity threats.

Olympus Corporation of the Americas
: Ransomware
Olympus Corporation of the Americas: Medical Technology Manufacturer 

Risk to Small Business: Olympus was forced to take down IT systems in the U.S., Canada, and Latin America following a cyberattack that hit its network Sunday. The medical equipment manufacturer says that it does not believe that any data was stolen. Olympus also said that the incident was contained to the Americas with no known impact to other regions. Just last month, Olympus suffered another ransomware attack on its EMEA region systems.

How it Could Affect Your Business: Many ransomware gangs aren’t bothering to steal data anymore, opting to lock down networks and production lines to force a speedy ransom payment.

Premier Patient Healthcare
: Malicious Insider
Premier Patient Healthcare: Medical Clinic Chain 

Risk to Small Business: Texas-based accountable care organization Premier Patient Healthcare filed a statement this week detailing a malicious insider incident that caused the exposure of PII for over 37,000 patients from around the country. According to the report, a terminated executive had retained credentials that enabled them to access and obtain an unspecified amount of PHI. No further details were included, and a HIPAA filing has not yet appeared. When the breach first came to light, the company’s early statements pointed to a fault at a vendor, which turned out to not be the case. 

How it Could Affect Your Business: This incident isn’t just a double helping of embarrassment for Premier Patient Healthcare, it’s also going to be a financial nightmare after regulators get finished with them.

Ecuador- Banco Pichincha
: Ransomware
Banco Pichincha: Banking & Financial Services

Risk to Small Business: Ecuador’s largest private bank Banco Pichincha has suffered a suspected ransomware attack that has resulted in some systems being knocked offline for days. Many services of the bank were disrupted, including online banking, its mobile app and ATM network. The bank is working with national authorities at the Superintendency of Banks to investigate the incident. In an internal notification sent to the Bank’s agencies and seen by BleepingComputer, employees are notified that bank applications, email, digital channels, and self-services will not be operational for an unspecified amount of time due to a technology issue, limiting many bank services to in-person transactions. Some ATM services have been restored. The incident is ongoing.    

How it Could Affect Your Business: Attacks on the banking and fintech sectors have been growing, creating complications for every financial services organization.

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