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A Cyber Insurance Backstop

Schneier on Security

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion. 11, 2001, terrorist attacks.

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CIAM in insurance: A unified, secure user experience with a single login

Thales Cloud Protection & Licensing

CIAM in insurance: A unified, secure user experience with a single login madhav Fri, 05/26/2023 - 07:33 In recent years, the insurance industry has transformed from a singularly focused entity to a multi-brand or multi-service type of business. Adding value to the user experience (a top priority for 59% of insurers) 2.

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The Hidden Cost of Ransomware: Wholesale Password Theft

Krebs on Security

Organizations in the throes of cleaning up after a ransomware outbreak typically will change passwords for all user accounts that have access to any email systems, servers and desktop workstations within their network. ” WHOLESALE PASSWORD THEFT. Cloud-based health insurance management portals. Medical supply services.

Passwords 207
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How to Save on Cyber Insurance and Be Harder to Hack

Adam Levin

Cyber insurance is still evolving, and as such you can still get good deals even if your cybersecurity is not completely up to snuff. At some point that will be a question that cyber insurers will think about 24/7, solutions evolving alongside challenges and underwriting calculations following close behind. Password: Password.

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Hackers Were Inside Citrix for Five Months

Krebs on Security

The disclosure comes almost a year after Citrix acknowledged that digital intruders had broken in by probing its employee accounts for weak passwords. How would your organization hold up to a password spraying attack? As the Citrix hack shows, if you don’t know you should probably check, and then act on the results accordingly.

Passwords 360
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LockBit is back and threatens to target more government organizations

Security Affairs

Not the LockBit gang is attempting to relaunch its RaaS operation, the group has set up a new infrastructure and is threatening to carry out cyber attacks on the government sector. All of this information has no value because it is all passed to the FBI and without hacking the panel, after every transaction by insurance agents or negotiators.

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Weekly podcast: Password managers, unpatched vulnerabilities, formjacking and Wendy’s

IT Governance

Hello, and welcome to the IT Governance podcast for Thursday, 21 February 2019. The researchers explain that: “All password managers [they] examined sufficiently secured user secrets while in a ‘not running’ state. Each password manager also attempted to scrub secrets from memory. Here are this week’s stories.