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Zurich refuses to pay Mondelez for NotPetya damages because it’s ‘an act of war’

Security Affairs

Zurich American Insurance Company is refusing to refund its client because consider the attack as “an act of war” that is not covered by its policy. According to the cyber security community, NotPetya is a cyber weapon develped by Russia to hit the Ukrainian government. SecurityAffairs – Mondelez, cyber insurance).

Insurance 274
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Dark Overlord hacking crew publishes first batch of confidential 9/11 files

Security Affairs

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. “ There’s five layers to go. Layer 1, 2, 3, 4, and fine finally Layer 5.

Insurance 280
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Hackers Were Inside Citrix for Five Months

Krebs on Security

Networking software giant Citrix Systems says malicious hackers were inside its networks for five months between 2018 and 2019, making off with personal and financial data on company employees, contractors, interns, job candidates and their dependents. 13, 2018 and Mar. 28, 2018, a claim Citrix initially denied but later acknowledged.

Passwords 363
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Iran-linked APT group Pioneer Kitten sells access to hacked networks

Security Affairs

According to the experts, the threat actors are merely trying to monetize their efforts selling information that have no intelligence value for the Iranian Government. In late July 2020, Crowdstrike spotted a threat actor associated with PIONEER KITTEN that was attempting to sell access to compromised networks on an underground forum.

Access 325
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Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

Insurance 129
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The Riviera Beach City pays $600,000 in ransom

Security Affairs

On Monday, city officials participating to a rapid meeting unanimously voted to use the city’s insurance to pay a ransom of 65 bitcoins (~$603,000). “The payment is being covered by insurance.” ” continues the AP. million to hackers — about $2,400 per attack.

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Experts: Breach at IT Outsourcing Giant Wipro

Krebs on Security

In March 2018, Wipro said it passed the $8 billion mark in annual IT services revenue. In September 2018, the Nebraska Department of Health and Human Services issued a cease-and-desist letter to Wipro, ordering it to stop work on the upgrade to the state’s Medicaid enrollment system, and to vacate its state offices.

IT 279