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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
When security fails, cyber insurance can become crucial for ensuring continuity. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance. If the technology were to become unavailable, the resulting business impact could be mitigated with cyber insurance.
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?
A study conducted by researchers at Cyjax revealed that organizations expose sensitive data via sandboxes used for malware analysis. Experts at the threat intelligence firm Cyjax analyzed file uploaded by organizations via malware analysis sandboxes and discovered that they were exposing sensitive data. Pierluigi Paganini.
Researchers: Phishing Campaign Targeting Insurance and Legal Industries Trickbot appears to be making a comeback with a fresh campaign that is targeting insurance companies and legal firms in North America, according to an analysis by Menlo Security.
As a result, all the emails involved were presumed compromised and the contents were reviewed to determine if sensitive data about patients was potentially impacted.This analysis took place between June 10, 2024, and June 27, 2024.” ” reads the data breach notification published by the organization.
The latest edition of the ISMG Security Report features an analysis of how a cryptocurrency exchange bug has revealed North Korean Monero laundering. Also featured are cyber insurance trends and cybercrime innovation.
Greylock McKinnon Associates (GMA) provides expert economic analysis and litigation support to a diverse group of domestic and international clients in the legal profession, the business community, and government agencies, including the Department of Justice (DoJ).
BlackSuit Ransomware Dissecting the Cicada Year-Long Campaign of Malicious npm Packages Targeting Roblox Users Rocinante: The trojan horse that wanted to fly Threat actors using MacroPack to deploy Brute Ratel, Havoc and PhantomCore payloads Earth Lusca Uses KTLVdoor Backdoor for Multiplatform Intrusion FBI: Play ransomware gang has attacked 300 orgs (..)
Some terms of the recent $115 million settlement in the class action lawsuit against health insurer Anthem tied to a 2015 cyberattack appear underwhelming for the victims, says attorney James DeGraw, who explains why.
In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. based First American [ NYSE:FAF ] is a leading provider of title insurance and settlement services to the real estate and mortgage industries. It employs some 18,000 people and brought in $6.2 billion in 2019.
Insurer Was Certified as HITRUST CSF Compliant Before Its Mega-Breach Health insurer Anthem had earned HITRUST Common Security Framework certification before its mega-breach.
Plus: Do ransomware gangs target organizations that have cyber insurance? This week's ISMG Security Report takes a close look at whether an iPhone hacking campaign may be linked to Android spying campaigns by China.
Threat hunting and adversarial cyber intelligence company Group-IB published a comprehensive analysis of fraud cases on a global scale. Insurance companies around the world are now suffering from phishing. Over the past year, an average of over 100 phishing websites were created per insurer.
Bitmarck, one of the largest IT service providers for social insurance carriers in Germany, announced yesterday that it has suffered a cyber attack. The incident impacted statutory health insurance companies that have their IT operated by BITMARCK. Our early warning systems have reported an attack on BITMARCK’s internal systems.
Add to that, there is the risk of penalties and fines (which are not insurable in most jurisdictions) not only under privacy and data protection regulations but also on the basis of cybersecurity regulations that are now proliferating. What should directors do if a cyberattack happens to the company? there could be reputational damage.
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.
Inova is an actuarial consultancy company, which means they compile statistical analysis and calculate insurance risks and premiums. Document sent to the insurance company by the victim’s lawyer. Inova has been operating since 2012 and has handled thousands of cases since then. Sketch of the accident from the police report.
A group of thieves thought to be responsible for collecting millions in fraudulent small business loans and unemployment insurance benefits from COVID-19 economic relief efforts gathered personal data on people and businesses they were impersonating by leveraging several compromised accounts at a little-known U.S.
” reads the analysis published by SentinelOne. ” The analysis of the Moshen Dragon’s activity led to the discovery of several payloads uploaded to VirusTotal, some of which were the ‘PlugX Talisman variant’. In recent attacks spotted by SentinelOne, Moshen Dragon leveraged to sideload ShadowPad and PlugX variants.
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.
.” reads the analysis published by Palo Alto Networks. The attacks targeted a major utility provider, a university, and a government agency in the United States, a health agency in Canada, a health insurance provider, an energy company in Australia, and a European medical publishing company to deliver various malware families.
. “We have performed an analysis of the affected system and associated data to determine whether your information was potentially impacted. Based on that analysis, we have determined that certain of your information was included in those files.” million Teachers Insurance and Annuity Association of America 2.6
“Based on VF’s preliminary analysis from its ongoing investigation, VF currently estimates that the threat actor stole personal data of approximately 35.5 “VF will be seeking reimbursement of costs, expenses and losses stemming from the cyber incident by submitting claims to VF’s cybersecurity insurers.
AMCA has advised LabCorp that Social Security Numbers and insurance identification information are not stored or maintained for LabCorp consumers.” ” ANALYSIS. Many readers wrote in to say they’d never heard of First American, but it is the largest title insurance company in the United States.
Below is the analysis of vulnerability type by industry: How do the company customers measure the ROI of the HackerOne security program? 54% Financial savings estimated from avoiding risk, 51% Risk assessment (internal or external), 32% Agility and speed of security teams’ responsiveness, and 7% Discount on cyber insurance.
Astoria Company LLC is a lead generation company that leverages on a network of websites to collect information on a person that may be looking for discounted car loans, different medical insurance, or even payday loans. Collected data si shared with a number of partner sites (such as insurance or loan agencies), that pay per lead referral.
” reads the analysis published by Morphisec. Hackers belong to finance, insurance and healthcare industries, victims of the attacks were identified in the United States, Japan, and India. ” continues the analysis. “The second type is a shellcode backdoor beacon with PowerShell and Mimikatz functionality.”
Cybersecurity and Infrastructure Security Agency (CISA) released a malware analysis report (MAR) that includes technical details about web shells employed by Iranian hackers. A web shell is a code, often written in typical web development programming languages (e.g.,
A joint research by Elliptic and Corvus Insurance revealed that the group accumulated at least $107 million in Bitcoin ransom payments since early 2022. “Our analysis suggests that Black Basta has received at least $107 million in ransom payments since early 2022, across more than 90 victims.
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.
Insurers struggle to manage profitability while trying to grow their businesses and retain clients. Large, well-established insurance companies have a reputation of being very conservative in their decision making, and they have been slow to adopt new technologies.
The latest edition of the ISMG Security Report features an analysis of how a cryptocurrency exchange bug has revealed North Korean monero laundering. Also featured are cyber insurance trends and cybercrime innovation.
A joint research by Elliptic and Corvus Insurance revealed that the group accumulated at least $107 million in Bitcoin ransom payments since early 2022. “Our analysis suggests that files can be recovered if the plaintext of 64 encrypted bytes is known. Depending on the file size, the ransomware encrypts the initial 5000 bytes.
IMS specializes in providing business process outsourcing (BPO) and information technology (IT) services specifically tailored for the insurance and financial services industries. Infosys McCamish Systems (IMS) revealed that the 2023 data breach following the LockBit ransomware attack impacted 6 million individuals.
The analysis of the leaked files revealed that they contain confidential information regarding the recruitment process, professional resumes, and info about the internal structures of the Group’s human resource department. The exposed financial data includes budgets, marketing forecast analysis, and other sensitive data.
Further analysis, revealed that the same threat actor targeted multiple regions using a similar Cobalt Strike loader and has been active since 2020. ” reads the analysis published by Trend Micro. Trend Micro reported that the Earth Longzhi group, a previously undocumented subgroup of APT41, targets Ukraine and Asian Countries.
The analysis of the freshly exposed database found that the information was new as it indicated the latest user activity timestamps. In addition to stolen bank cards, the database revealed 498 sets of online banking account credentials and 68,995 sets of US Social Security Numbers and 597 pieces of Canadian Social Insurance Numbers.
According to Berenberg analysts , individual insurance companies faced total claims estimates of up to approximately USD 300 million. For other financial services firms outside of the insurance sector, property accepted as loan security might face climate-related risks as well.
On January 17, 2024 the New York Department of Financial Services (“NYDFS”) published a Proposed Insurance Circular Letter (“Proposed Circular”) regarding the use of artificial intelligence systems (“AIS”) and external consumer data and information sources (“ECDIS”) in insurance underwriting and pricing. Actual Actuarial Validity.
A joint research by Elliptic and Corvus Insurance revealed that the group accumulated at least $107 million in Bitcoin ransom payments since early 2022. Our analysis suggests that files can be recovered if the plaintext of 64 encrypted bytes is known. Depending on the file size, the ransomware encrypts the initial 5000 bytes.
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