This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
and several insurers that were appealing a 2023 court decision saying the insurance companies could not invoke "hostile warlike action" exclusions in refusing to pay drugmakers' claims filed after the 2017 NotPetya cyberattack. So, How Might This Affect Similar Cases? A proposed settlement has been reached between Merck & Co.
Merck has resolved a dispute with insurers regarding a $1.4 Merck and its insurers have agreed with a $1.4 billion insurance claim for the losses caused by the NotPetya attack that took place in 2017. Merck had not taken out specific insurance to cover cyber attacks, it only had insurance coverage against general risks.
Car insurance provider Geico has suffered a data breach, attackers have stolen the driver’s licenses for policyholders for several weeks. Geico, the second-largest auto insurer in the U.S., Geico, the second-largest auto insurer in the U.S., Follow me on Twitter: @securityaffairs and Facebook. Pierluigi Paganini.
The American group of insurance and financial services companies State Farm disclosed a credential stuffing attack it has suffered in July. The American group of insurance and financial services companies State Farm revealed that it was the victim of a credential stuffing attack it has suffered in July. The experts detected 8.3
Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?
Among the 2017 Incidents Was a Mailing Mishap Exposing HIV Information Federal regulators have slapped health insurer Aetna with a $1 million HIPAA settlement for three 2017 breaches - including a mailing incident that exposed HIV information - that occurred within six months.
The “RCM” portion of its name refers to “revenue cycle management,” an industry which tracks profits throughout the life cycle of each patient, including patient registration, insurance and benefit verification, medical treatment documentation, and bill preparation and collection from patients.
The Dark Overlord hacking group claims to have stolen a huge trove of documents from the British insurance company Hiscox, Hackers stole “hundreds of thousands of documents,” including tens of thousands files related to the 9/11 terrorist attacks. In October 2017, the group broke into the celeb London Bridge Plastic Surgery clinic.
.” The FCC’s Enforcement Bureau launched an investigation after Missouri Sheriff Cory Hutcheson misused a “location-finding service” provided by Securus, a communications service provider for correctional facilities, to access the location data of wireless carrier customers without their consent from 2014 to 2017.
Now the financial institution is suing its insurance provider for refusing to fully cover the losses. But just eight months later — in January 2017 according to the lawsuit — hackers broke in to the bank’s systems once more, again gaining access to the financial institution’s systems via a phishing email.
California Attorney General Smacks Health Insurer With Hefty Penalty California's attorney general has slapped Aetna with a substantial financial penalty in the latest enforcement action against the health insurer following a 2017 breach involving HIV information.
Cases Involved Mailings That Potentially Exposed Sensitive Health Information Health insurer Aetna is still paying the price for two 2017 privacy breaches involving mailings that potentially exposed HIV and cardiac condition information about thousands of individuals. Here's the latest update.
I can tell you that potential damages could be very expensive for companies, for example, the transportation giant Maersk announced in 2017 that it would incur hundreds of millions in U.S. The good news for the investors is that the company has a robust cyber insurance in place with recognized insurers.
A few weeks later, threat actors launched multiple attacks that attempted to exploit the CVE 2017-11882 Office flaw to run a malicious executable. “On April 8, 2020, we witnessed the most recent campaign by this actor. . “On April 8, 2020, we witnessed the most recent campaign by this actor. ” continues the report.
The insurance company Ace American has to pay for the losses: On 6th December 2021, the New Jersey Superior Court granted partial summary judgment (attached) in favour of Merck and International Indemnity, declaring that the War or Hostile Acts exclusion was inapplicable to the dispute. Merck suffered US$1.4 Merck suffered US$1.4
“Sources said the county is in the process of paying the $500,000 ransom as it’s insured for such attacks.” .” reads the post published by Philadelphia’s 6abc’s Action News. ” The infection did not impact the Bureau of Elections and the County’s Emergency Services Department.
In November 2017, the Uber CEO Dara Khosrowshahi announced that hackers broke into the company database and accessed the personal data (names, email addresses and cellphone numbers) of 57 million of its users, the disconcerting revelation was that the company covered up the hack for more than a year. .
Tribunal ruling noted Brexit campaign and insurance company owned by its key backer had a ‘two-faced approach to regulation’ The Leave.EU Tribunal ruling noted Brexit campaign and insurance company owned by its key backer had a ‘two-faced approach to regulation’ The Leave.EU subscribers between August 2016 and February 2017.
Health Insurer Sues Organizations That Represented HIV Patients in Earlier Privacy Dispute A messy legal case involving a 2017 privacy breach that has already cost Aetna about $20 million in settlements has taken yet another twist.
New Lawsuits Filed in the Wake of 2017 Mailing Mishap A case involving a 2017 privacy breach that has already cost health insurer Aetna about $20 million in legal settlements is getting messier. What new questions and lessons are emerging?
is perhaps better known as the online identity verification service that many states now use to help staunch the loss of billions of dollars in unemployment insurance and pandemic assistance stolen each year by identity thieves. These days, ID.me may require a recorded, live video chat with the person applying for benefits.
Lloyd’s of London has announced that its insurance policies will no longer cover losses resulting from certain nation-state cyber attacks or acts of war. In a memo sent to the organisation’s insurance syndicates , Underwriting Director Tony Chaudhry said that Lloyd’s remains “strongly supportive” of policies that cover cyber attacks.
The US real-estate insurance biz, First American Financial, accidentally leaked customers’ highly personal files online, hundreds of millions of documents. The US real-estate insurance company First American Financial Corp. accidentally leaked hundreds of millions of documents. billion in 2018. billion in 2018.
Boston, MA April 1st, 2025 Indico Data, The Decision Automation Company , today announced pivotal leadership appointments that reinforce its commitment to revolutionizing the insurance industry through AI-driven decision automation.
Last week, KrebsOnSecurity reported to health insurance provider Blue Shield of California that its Web site was flagged by multiple security products as serving malicious content. How did a browser extension lead to a malicious link being added to the health insurance company Web site?
2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. According to NYDFS, the incorporation of these practices should be proportionate to each insurer’s size, resources, geographic distribution, and other factors. The Framework.
In 2017, KrebsOnSecurity showed how easy it is for identity thieves to undo a consumer’s request to freeze their credit file at Experian , one of the big three consumer credit bureaus in the United States. It’s also amazing that this sloppy security I wrote about back in 2017 is still just as prevalent in 2021.
That could be for insurance purposes. “As As with any insurance, cyber insurance really requires due care.” “Then you have the folks whose security programs have run out of steam and they’re looking for a way to prove that they’re doing due care,” Wrenn said. Wrenn said. “So
As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. sought coverage for expenses under its property insurance policy.
In October 2017, the National Association of Insurance Commissioners (NAIC) adopted an Insurance Data Security Model Law. On May 3, 2018, South Carolina became the first state to enact this Model Law, in the form of the South Carolina Insurance Data Security Act (H.B. See CT Gen Stat § 38a-999b (2015) ; 23 NYCRR 500.
authorities in 2017. Most carding sites will offer customers a form of buyer’s insurance known as a “checker,” which is an automated, à la carte service customers can use after purchasing cards to validate whether the cards they just bought are still active.
The attacks aimed at government entities and managed service providers (MSPs) that were active in many industries, including aviation, healthcare, finance, insurance, energy, and gambling. The APT20 group has been active since at least 2011, but experts did not associate any campaign with this threat actors between 2016 and 2017.
Increased interest in cyber insurance. With more than 800 million records being leaked in 2017 ( find out more in our Breaches and Hacks Blog Archive ), it’s not surprising that cyber insurance business has increased in recent months. Insurers assess an organisation’s cyber risk to set premium levels.
in 2017 totaled 1,579, a nearly 44.7 Under the Health Insurance Portability and Accountability Act (HIPAA), entities affected by the law must inform authorities and the impacted individuals within 60 days , but only if 500 or more people are affected. Reporting an event is one action that can help.
Though the breaches are concerning, the real story is that the financial institution suing its insurance provider for refusing to fully cover the losses. According to the lawsuit, in June 2018 Everest determined both the 2016 and 2017 breaches were covered exclusively by the debit card rider, and not the $8 million C&E rider.
Mears made over one billion spoofed robocalls to sell health insurance plans under a variety of business names including Rising Eagle and JSquared Telecom. The robocalls falsely claimed to offer health insurance plans from major insurers but instead were sold by entities not affiliated in any way with those insurers.
Insurers’ top trends and priorities: A look at the 2017 CGI Client Global Insights (part 2). Tue, 12/05/2017 - 17:24. In my previous blog , I introduced findings from in-person interviews CGI held in 2017 with more than 1,300 client executives across 17 countries, including insurance business and IT executives.
Insurers’ top trends and priorities: A look at the 2017 CGI Client Global Insights (part 2). Thu, 12/07/2017 - 15:43. In my previous blog , I introduced findings from in-person interviews CGI held in 2017 with more than 1,300 client executives across 17 countries, including insurance business and IT executives.
Insurers’ top trends and priorities: A look at CGI’s 2017 Voice of Our Clients findings (part 1). Mon, 07/31/2017 - 05:30. This year, we conducted in-person interviews with more than 1,300 client executives across 17 countries, including insurance business and IT executives. harini.kottees…. Change accelerators.
Insurers’ top trends and priorities: A look at CGI’s 2017 Voice of Our Clients findings (part 1). Thu, 12/07/2017 - 15:32. This year, we conducted in-person interviews with more than 1,300 client executives across 17 countries, including insurance business and IT executives. p.butler@cgi.com. Change accelerators.
The international police organization INTERPOL said last week it had shuttered the notorious 16Shop, a popular phishing-as-a-service platform launched in 2017 that made it simple for even complete novices to conduct complex and convincing phishing scams. A 16Shop phishing page spoofing Apple and targeting Japanese users. Image: Akamai.com.
On November 3, 2017, Securityroundtable.org published an article highlighting the vulnerabilities businesses face in a world of e-commerce and interconnectivity, and spotlighted a crisis-planning panel hosted by Hunton & Williams held on November 1. It is now recognized as a basic risk issue by every company.”
SailPoint, which went public in November 2017, has grown to more than 1000 employees in 30 locations. I had the chance at RSA 2019 to visit with Mike Kiser, global strategist at SailPoint , an Austin, TX-based supplier of IGA services to discuss this. Compliance matters. As complexity has intensified, so have compliance challenges.
We organize all of the trending information in your field so you don't have to. Join 55,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content