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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.
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.
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?
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. Thomas said he’s furious that Experian only provides added account security for consumers who pay for monthly plans.
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.
How much cost a security breach? 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.
Now the financial institution is suing its insurance provider for refusing to fully cover the losses. In June of 2016, National Bank implemented additional security protocols, as recommended by FirstData. At the conclusion of the 2017 heist, the hackers used their access to delete evidence of fraudulent debits from customer accounts.
A few weeks later, threat actors launched multiple attacks that attempted to exploit the CVE 2017-11882 Office flaw to run a malicious executable. Please vote Security Affairs for European Cybersecurity Blogger Awards – VOTE FOR YOUR WINNERS [link]. “On April 8, 2020, we witnessed the most recent campaign by this actor. .
“Sources said the county is in the process of paying the $500,000 ransom as it’s insured for such attacks.” A few days ago, the Microsoft Security Response Center (MSRC) warned customers of the DoppelPaymer ransomware , the tech giant provided useful information on the threat and how it spreads. Pierluigi Paganini.
Virtually all companies like to say they take their customers’ privacy and security seriously, make it a top priority, blah blah. That’s because very few of the world’s biggest companies list any security executives in their highest ranks. banks) would have this role in their executive leadership team.
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. Pierluigi Paganini.
Is it fair to judge an organization’s information security posture simply by looking at its Internet-facing assets for weaknesses commonly sought after and exploited by attackers, such as outdated software or accidentally exposed data and devices? the security posture of vendor partners). ENTIRELY, CERTIFIABLY PREVENTABLE.
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. I went with and would encourage others to use the strongest MFA option — a physical Security Key.
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. At the time of writing, First American Financial has updated its website and secured the documents.
I had the chance at RSA 2019 to visit with George Wrenn, founder and CEO of CyberSaint Security , a cybersecurity software firm that plays directly in this space. 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.
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
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.
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?
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.
China-linked cyber espionage group APT20 has been bypassing two-factor authentication (2FA) in recent attacks, cyber-security firm Fox-IT warns. Security experts from cyber-security firm Fox-IT warns of a new wave of attacks, tracked as Operation Wocao, carried out by China-linked cyber espionage group APT20 that has been bypassing 2FA.
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. Security Affairs – Cybersecurity, data breach). Pierluigi Paganini.
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.
In a statement released this week, the Russian Federal Security Service (FSB) said 25 individuals were charged with circulating illegal means of payment in connection with some 90 websites that sold stolen credit card data. authorities in 2017.
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.
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.
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.
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.
The Cyber Essentials scheme is a world-leading assurance mechanism for organisations of all sizes to help demonstrate that the most critical cyber security controls have been implemented. Secure your organisation with Cyber Essentials. Being Cyber Essentials certified demonstrates your commitment to cyber security.
Compared to its predecessors, the sixth “Hi-Tech Crime Trends” report is the first to contain chapters devoted to the main industries attacked and covers the period from H2 2018 to H1 2019, as compared to the period from H2 2017 to H1 2018. The threat actor mainly targets insurance, consulting, and construction companies.
SailPoint, which went public in November 2017, has grown to more than 1000 employees in 30 locations. The key security lesson is that an identity gets assigned to each and every RPA, creating fresh attack vectors. Acohido is dedicated to fostering public awareness about how to make the Internet as private and secure as it ought to be.
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.
These new rules date back to March 1, 2017, when the NYDFS implemented comprehensive cybersecurity regulations for financial services companies and other covered entities. The regulations were most recently updated on November 1, 2023, with phased effective dates starting on December 1, 2023.
Related: Data breaches fuel fledgling cyber insurance market. Brinqa, an Austin, TX-based security vendor has come up with a cyber risk management platform designed to help companies take a much more dynamic approach to closing that gap, specifically in the areas of vulnerability management and application security, to start.
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.”
Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.
The Division of Consumer Affairs alleged that the fertility clinic violated the New Jersey Consumer Fraud Act and the federal Health Insurance Portability and Accountability Act’s (“HIPAA”) Privacy and Security Rules by removing protected health information (“PHI”) safeguards. Neafsey said in a statement regarding the breach.
A survey of local media reports by Recorded Future tallied 38 ransomware attacks against cities in 2017, rising to 53 attacks in 2018. insurance giant Beazley Worldwide reported that the average ransomware demand in 2018 was more than $116,000, a figure admittedly skewed by some very large demands. Best security practices are a must.
We talk to Bruce McDonnell of the East West Institute about how insurers are responding. Related Stories Episode 155: Disinformation is a Cyber Weapon and APTs warm to Mobile Malware Podcast Episode 117: Insurance Industry Confronts Silent Cyber Risk, Converged Threats NotPetya Horror Story Highlights Need for Holistic Security.
That includes social security and social insurance numbers, bank account numbers, phone numbers, birth dates, email addresses and self-reported income; in short, just about everything on an identity thief’s wish list. Best security and privacy practices on everyone’s part is more imperative than ever.
2017: A Digitally “Transformative” Year. Information Privacy and Security: GDPR is Just the Tip of the Iceberg. The 2017 Gartner Magic Quadrant for Content Services Platforms and Five Things I Learned on the Journey from ECM to CSP. The 2017 M-Files User Conference – A Set of Personal Firsts. And Then It’s Not.
US food giant Mondelez is suing insurance company Zurich American for denying a $100 million (£76 million) claim filed after the NotPetya attack. NotPetya is a Windows-based piece of ransomware that infected organisations across the globe in 2017. Perilous future for cyber insurance. Was NotPetya an act of war?
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