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Insurance and Ransomware

Schneier on Security

Here’s one more contribution to that issue: a research paper that the insurance industry is hurting more than it’s helping. Although it is a societal problem, cyber insurers have received considerable criticism for facilitating ransom payments to cybercriminals. News article. Often, that’s paying the ransom.

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SECURITY AFFAIRS MALWARE NEWSLETTER – ROUND 10

Security Affairs

Security Affairs Malware newsletter includes a collection of the best articles and research on malware in the international landscape.

Security 288
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Ransomware attack on Johnson Controls may have exposed sensitive DHS data

Security Affairs

Immediately after detecting the intrusion, the company launched an investigation with the help of leading third-party cybersecurity experts and is also coordinating with its insurers. ” reads the article published by CNN. “We The investigation is still ongoing and aims at determining the scope of the incident.

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Cyber Insurance: Is Paying a Ransom Counter-Productive?

KnowBe4

Food for thought as discussed on May 18, 2023, an article posted in The Australian Insurance Council: Banning paying a ransom to cyber hackers is counter-productive where Andrew Hall, the Chief Executive of the Insurance Council of Australia (ICA), stated that “attempts to ban businesses from paying ransoms for cyber attacks risks eroding trust and (..)

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MY TAKE: Poorly protected local government networks cast shadow on midterm elections

The Last Watchdog

It’s easy to think of it as a problem the federal government must address or something that enterprises deal with, but cybersecurity has to be addressed closer to home, as well. His company supplies a co-managed SIEM service to mid-sized and large enterprises, including local government agencies. I spoke to A.N. Election threat.

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Experts: Breach at IT Outsourcing Giant Wipro

Krebs on Security

Another curious, if only coincidental, development: On April 4, 2019, the government of India sold “enemy” shares in Wipro worth approximately $166 million. “The buyers were state-owned Life Insurance Corporation of India (LIC), New India Assurance and General Insurance Corporation. . “A total of 44.4

IT 279
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TA505 group updates tactics and expands the list of targets

Security Affairs

The TA505 also targeted government agencies in Saudi Arabia, Oman, and Qatar using another type of.XLS or.DOC attachments. and which used emails with subjects pertaining to finance or urgent concerns on insurance policies. The emails used in these campaigns used subjects pertaining to finance or urgent concerns on insurance policies.”