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. A Settlement Has Been Reached. So, How Might This Affect Similar Cases?
Committee Chairs Accuses UK of Favoring an 'Ostrich Strategy' For Ransomware The Conservative government of British Prime Minister Rishi Sunak says it won't champion a reinsurance plan for cyber insurance similar to flood insurance, telling a parliamentary committee it doesn't want to "damage competition."
Ransomware groups claimed that they successfully targeted 4191 victims in 2023, Cybernews researchers report. of attacks in 2023), while summer was the most active for ransomware attacks (30.4%). The top 10 groups, based on the number of victims, collectively account for 59% of the total victims in 2023.
In December 2023, Elliptic and Corvus Insurance published a joint research that revealed the group accumulated at least $107 million in Bitcoin ransom payments since early 2022. reads the CSA. According to the experts, the ransomware gang has infected over 329 victims, including ABB , Capita , Dish Network , and Rheinmetall.
Medusind, a medical billing provider, disclosed a data breach that occurred in December 2023 and affected over 360,000 individuals. The company disclosed a data breach discovered on December 29, 2023, that impacted 360,934 individuals. “On December 29, 2023, Medusind discovered suspicious activity within its IT network.
According to the notice published by the company, WebTPA acts as an administrative services provider to certain benefit plans and insurance companies whose information was impacted in this incident. The investigation revealed that an unauthorized actor may have obtained personal information between April 18 and April 23, 2023.
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?
InfoSys McCamish Systems Earlier Alerted 57,000 Bank of America Clients of Breach Infosys McCamish Systems, an insurance software product and services vendor, is notifying nearly 6.1
In November 2023, McLaren Health Care (McLaren) disclosed a data breach that occurred between late July and August 2023. The company became aware of anomalous activity on or about August 22, 2023, and immediately launched an investigation with the help of third-party forensic experts. million of McLaren Health Care patients.
Cleaning products giant Clorox estimates the economic impact of the cyber attack that hit the company in August 2023 at $49 million. According to a filing with SEC, Clorox estimates the economic impact of the cyber attack that hit the company in August 2023 at $49 million. ” reads the SEC filing.
The data breach occurred on May 30, 2023, and was discovered on February 7, 2024. “On May 30, 2023, we detected unusual activity on our internal network, and we promptly took steps to mitigate the incident. The company announced that it deleted DOJ data from its systems after the incident.
HEC discovered that an unknown actor gained access to some of its systems between July 14, 2023 and July 23, 2023, and copied some files. The healthcare firm began notifying impacted clients on October 26, 2023, and worked with them to notify potentially impacted individuals. ” concludes the notice.
New York, NY, July 27, 2023 – QBE North America today announced the launch of a cyber insurance program with new MGA, Converge, acting as program administrator. Tom Kang, CEO, Converge, added, “We’re thrilled to partner with QBE North America given their experience and reputation in the cyber insurance market.
The Singing River Health System revealed that the ransomware attack that hit the organization in August 2023 impacted 895,204 people. At the end of August 2023, the systems at three hospitals and other medical facilities operated by Singing River Health System (SRHS) were hit by a Rhysida ransomware attack.
A look back at the cybersecurity landscape in 2023 rings all-too familiar: cyber threats rapidly evolved and scaled up , just as they have, year-to-year, for the past 20 years. Eyal Benishti , CEO, IRONSCALES Benishti Generative AI (GenAI) reshaped cybersecurity in 2023. What should I be most concerned about – and focus on – in 2024?
The company became aware of anomalous activity on or about August 22, 2023, and immediately launched an investigation with the help of third-party forensic experts. The investigation revealed that threat actors gained unauthorized access to McLaren’s network between July 28, 2023, and August 23, 2023.
Norton Healthcare disclosed a data breach after a ransomware attack that hit the organization on May 9, 2023. “On May 9, 2023, Norton Healthcare discovered that it was experiencing a cybersecurity incident, later determined to be a ransomware attack.” ” reads the notice of security incident.
Threat actors exploited the zero-day vulnerability CVE-2023-34362 to hack the file transfer platform and steal the data of the organization. The security breach took place in the State between May 28, 2023, and May 29, 2023. million Teachers Insurance and Annuity Association of America 2.6 million individuals.
On July 26, 2023, threat actors hacked the company’s MOVEit Transfer server. “On July 26, 2023, Welltok was alerted to an earlier alleged compromise of our MOVEit Transfer server in connection with software vulnerabilities made public by the developer of the MOVEit Transfer tool. .” million Genworth 2.5 million “U.S.-based
The ransomware attack that hit Dallas County in October 2023 has impacted more than 200,000 individuals exposing their personal information. In October 2023 the Play ransomware group hit Dallas County, Texas, and added the city to its Tor leak site claiming the theft of sensitive documents from multiple departments.
Law firm Orrick, Herrington & Sutcliffe disclosed a data breach that took place in early 2023, which impacted roughly 600,000 individuals. “On March 13, 2023, Orrick detected that an unauthorized third party gained remote access to a portion of its network, including a file share that Orrick used to store certain client files.”
Prescription service company Sav-Rx disclosed a data breach after 2023 cyberattack. The investigation conducted by the company with the help of external cybersecurity experts revealed that threat actors first gained access to the IT System on or around October 3, 2023. million people in the United States. ” states the company.
The latest cyber claims report from Coalition , a digital risk insurance provider, finds a 12% increase in cyber insurance claims in the first half of 2023 over the second half of 2022, due to surging attack frequency and severity.
“On October 12, 2023, Rightway informed Okta that an unauthorized actor gained access to an eligibility census file maintained by Rightway in its provision of services to Okta. Rightway has indicated that the unauthorized activity occurred on September 23, 2023.”
The BaFin is responsible for overseeing banks, insurance companies, investment firms, and other financial institutions. The Authority announced the adoption of adequate security precautions and effective defensive measures immediately after the attack started on Friday, September 1st, 2023.
MCNA Dental is one of the largest US dental care and oral health insurance providers. The security breach exposed the personal information of current or former provider of dental/orthodontic care to members of certain state Medicaid and Children’s Health Insurance Programs, for which MCNA provides dental benefits and services.
bank account number and/or credit card details), health insurance information, medical records and information about medical history and/or associated conditions, and/or unique identifiers to associate individuals with City of Hope (e.g., medical record number).”
In May 2023, a ransomware attack hit the IT systems at the City of Dallas , Texas. Between April 7, 2023, and May 4, 2023, Royal performed data exfiltration and ransomware delivery preparation activities. ” The group was able to steal data from the City and leaked approximately 1.169 TB at a time prior to May 03, 2023.
In December 2023, Elliptic and Corvus Insurance published a joint research that revealed the group accumulated at least $107 million in Bitcoin ransom payments since early 2022. ” reads the CSA.
Infosys McCamish Systems (IMS) revealed that the 2023 data breach following the LockBit ransomware attack impacted 6 million individuals. IMS specializes in providing business process outsourcing (BPO) and information technology (IT) services specifically tailored for the insurance and financial services industries.
pic.twitter.com/I28yddzIqB — vx-underground (@vxunderground) September 27, 2023 The attack took place over the weekend and threat actors initially breached the systems at Asia offices, the ransomware also targeted the VMware ESXi servers. ” reads the 8-K form filed with SEC.
In April, the non-profit health insurer Point32Health took systems offline in response to a ransomware attack that took place on April 17. The insurer immediately launched an investigation into the incident with the help of third-party cybersecurity experts to determine the extent of the incident. between June 2020 and present.
New data covering cyber insurance claims through 2023 shows claims have increased while reaffirming what we already know: phishing and social engineering are the real problem.
The investigation determined that the breach occurred on January 8, 2023. In March 2023, a lawsuit was filed. The healthcare network was the target a BlackCat ransomware attack, the security breach was discovered on February 6. The company immediately launched an investigation to determine the cause and scope of the incident.
The advisory updates to the FBI FLASH BlackCat/ALPHV Ransomware Indicators of Compromise released on April 19, 2022 and on December 19, 2023. “From mid-December 2023 onward, the healthcare sector has emerged as the most frequently targeted among the approximately 70 disclosed victims.” ” reads the joint advisory.
Experts spotted a new macOS Backdoor named SpectralBlur linked to North Korea Merck settles with insurers regarding a $1.4 Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press.
In April 2022, two states enacted insurance data security legislation based on the National Association of Insurance Commissioners (“NAIC”) Insurance Data Security Model Law (MDL-668). Kentucky’s law goes into effect on January 1, 2023.
In December 2023, VF Corp announced it was the victim of a ransomware attack and was forced to take some systems down to contain the threat. On December 13, 2023, VF Corp detected unauthorized access to a portion of its infrastructure. .” In 2015, the company controlled 55% of the U.S. million customers.
More specifically, on or about August 15, 2023, AutoZone determined that the exploitation of the vulnerability in the MOVEit application had resulted in the exfiltration of certain data. The Cl0p ransomware gang exploited the zero-day vulnerability CVE-2023-34362 to hack the platforms used by organizations worldwide and steal their data.
The chief executive of insurance giant Zurich warns that cyber attacks, rather than natural catastrophes, will become uninsurable. Mario Greco, chief executive of insurer giant Zurich, has warned that cyber attacks will become soon “uninsurable.”. What will become uninsurable is going to be cyber,” Mario Greco told the Financial Times.
The gang states that the attack took place on December 3rd, 2022 and the attack was disclosed on January 6, 2023. employees info (social security numbers, emails, addresses, phone numbers, photos, insurances info, payments, etc.), The security breach was also confirmed by the victim in a notice published on its website.
One of the most interesting aspects that emerged from the 2023 Hacker-Powered Security Report is the improvement of the patch management process, customers are getting faster at fixing vulnerabilities. The average platform-wide remediation time dropped 10 days in 2023.
Observer investigation reveals UK Biobank opened its biomedical database to insurance firms despite pledge it would not do so Sensitive health information donated for medical research by half a million UK citizens has been shared with insurance companies despite a pledge that it would not be. Continue reading.
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