Krebs on Security

AUGUST 5, 2024

“If they deem they can encrypt some files that won’t cause major disruptions — but will give them a ton of data — that’s what they’ll do. Overall, 40% of total ransom funding came from the organizations themselves and 23% from insurance providers. ” So who paid the record $75 million ransom?

Ransomware 232

Ransomware Healthcare Insurance Cybersecurity 232

Security Affairs

MAY 15, 2023

Compromised organizations operate in different business verticals, including manufacturing, wealth management, insurance providers, and pharmaceuticals. The ransomware supports intermittent encryption to speed up the encryption process. GAGUP” to the name of the encrypted files. .”

Ransomware 98

Ransomware Encryption Healthcare Insurance 98

Schneier on Security

FEBRUARY 28, 2024

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion.

Insurance 101

Insurance Government Cybersecurity Risk 101

Security Affairs

JANUARY 6, 2024

Merck has resolved a dispute with insurers regarding a $1.4 Merck and its insurers have agreed with a $1.4 known as Merck Sharp & Dohme (MSD) outside the United States and Canada, is an American multinational pharmaceutical company. billion insurance claim for the losses caused by the NotPetya attack that took place in 2017.

Insurance 134

Insurance Healthcare Manufacturing Ransomware 134

IT Governance

DECEMBER 27, 2019

This meant they weren’t encrypted, making them freely accessible to as many as 20,000 employees, most of whom had no legitimate reason to access the information. US food giant Mondelez sued insurance company Zurich American for denying a $100 million (£77 million) claim filed after the NotPetya attack.

Data breaches 55

Data breaches GDPR Passwords Personal data 55

Privacy and Cybersecurity Law

NOVEMBER 9, 2018

Thus, if a business encrypts the personal information of the consumer, and that information is stolen, there will be no private right of action under the CCPA. Sounds cybersecurity practices are also key to mitigating liability under the new law. That does not mean, however, that the business would be completely off the hook. Code § 56.05(j).

Privacy 58

Privacy Sales Education Compliance 58

IT Governance

MAY 2, 2023

Additionally, billing information, insurance numbers and other financial details were stolen in the attack. More worryingly, the same database contained usernames, email addresses and encrypted passwords. In a statement, Shields said that it “takes the confidentiality, privacy, and security of information in our care seriously.

Data breaches 100

Data breaches Ransomware Personal data Access 100