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Merck settles with insurers regarding a $1.4 billion claim over NotPetya damages

Security Affairs

Merck has resolved a dispute with insurers regarding a $1.4 Merck and its insurers have agreed with a $1.4 It is one of the largest pharmaceutical companies globally, engaged in the research, development, manufacturing, and marketing of a wide range of healthcare products. In January 2022, Judge Thomas J. Merck & Co.,

Insurance 129
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Black Basta Ransomware gang accumulated at least $107 million in Bitcoin ransom payments since early 2022

Security Affairs

The Black Basta ransomware gang infected over 300 victims accumulating ransom payments exceeding $100 million since early 2022. The Black Basta ransomware group has been active since April 2022, like other ransomware operations, it implements a double-extortion attack model. ” reads the Elliptic’s report.

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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. Companies with an annual revenue of US$250,000 to US$999,999 report feeling less prepared to deal with cyber risks in 2023 (76%) than they did in 2022 (70%).

Risk 189
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As of May 2024, Black Basta ransomware affiliates hacked over 500 organizations worldwide

Security Affairs

Black Basta ransomware affiliates have breached over 500 organizations between April 2022 and May 2024, FBI and CISA reported. Black Basta ransomware-as-a-service (RaaS) has been active since April 2022, it impacted several businesses and critical infrastructure entities across North America, Europe, and Australia.

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Best Fraud Management Systems & Detection Tools in 2022

eSecurity Planet

PwC’s 2022 Global Economic Crime and Fraud Survey reported that 46% of surveyed organizations experienced corruption, fraud, or other economic crimes in the 24-month survey period. Best Fraud Management Systems & Detection Tools in 2022. Take a look at Top Secure Email Gateway Solutions for 2022. million in losses.

Analytics 113
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State of the Global Information Capture & IDP Market 2022/2023

Info Source

The growth rates for Capture & IDP software and solutions returned to a double-digit growth, close to pre-pandemic growth rates in 2022. The demand for Capture & IDP solutions in 2022 slowed slightly in North America following a particularly strong year. Sales in Asia recovered after two difficult years caused by the pandemic.

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State of the EMEA Information Capture & IDP Market 2022/2023

Info Source

KEY TAKEAWAYS The demand for Capture & IDP solutions in the EMEA region grew at a double-digit rate in 2022 and exceeded 2 billion US$ based on end customer investments. The input sources related to the digitisation of paper-based business inputs i.e., scanners, MFPs, and fax machines remained stable in 2022.