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Maryland Court Finds Coverage for Lost Data and Slow Computers After Ransomware Attack

Hunton Privacy

As previously posted on our Hunton Insurance Recovery blog , a Maryland federal court awarded summary judgment to policyholder National Ink in National Ink and Stitch, LLC v. This is significant because it demonstrates that insureds can obtain insurance coverage for cyber attacks even if they do not have a specific cyber insurance policy.

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Hackers Breached Virginia Bank Twice in Eight Months, Stole $2.4M

Krebs on Security

Now the financial institution is suing its insurance provider for refusing to fully cover the losses. That second computer had the ability to manage National Bank customer accounts and their use of ATMs and bank cards. million total. THE LAWSUIT. for both intrusions,” the bank said in its lawsuit.

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Insurance Occurrence Assurance?

Andrew Hay

Though the breaches are concerning, the real story is that the financial institution suing its insurance provider for refusing to fully cover the losses. The first was a “computer and electronic crime” (C&E) rider that had a single loss limit liability of $8 million, with a $125,000 deductible.

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LCMHS hospital suffered a Ransomware attack at Louisiana hospital that impacted 270,000 patients

Security Affairs

The security breach took place on October 21, 2022, when the internal security team detected unusual activity on its computer network. Health insurance information. The attackers had no access to electronic medical records. LCMH’s electronic medical record was not accessible to the unauthorized party.”

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Court Rules Fraud Involving a Computer Is Not ‘Computer Fraud’ under Crime Protection Policy

Hunton Privacy

18, 2016), that a crime protection insurance policy does not cover loss resulting from a fraudulent email directing funds to be sent electronically to the imposter’s bank account because the scheme did not constitute “computer fraud” under the policy. Great American Ins. No 15-20499 (5th Cir. Background. Read the full alert.

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The Week in Cyber Security and Data Privacy: 22 – 28 April 2024

IT Governance

Honor, Huawei, iFlytek, OPPO, Samsung Electronics, Tencent, Vivo and Xiaomi Technology. Keyboard app vulnerabilities reveal keystrokes to network eavesdroppers Security researchers have identified critical security vulnerabilities in Cloud-based pinyin keyboard apps from Baidu, Inc., Data breached: <1 billion people’s data.

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Security Affairs newsletter Round 463 by Pierluigi Paganini – INTERNATIONAL EDITION

Security Affairs

France Travail data breach impacted 43 Million people Scranton School District in Pennsylvania suffered a ransomware attack Lazarus APT group returned to Tornado Cash to launder stolen funds Moldovan citizen sentenced in connection with the E-Root cybercrime marketplace case UK Defence Secretary jet hit by an electronic warfare attack in Poland Cisco (..)