Security Affairs

JULY 5, 2021

WSSC has already notified the FBI, Maryland Attorney General, and state and local homeland security officials. . million customers in Montgomery and Prince George’s counties and at no time was the quality or reliability of our drinking water in jeopardy,” WSSC Water Police and Homeland Security Director David McDonough said in a statement.

Ransomware 327

Ransomware Insurance Encryption Access 327

Hunton Privacy

JUNE 9, 2022

515 , making Vermont the twenty-first state to enact legislation based on the National Association of Insurance Commissioners Insurance Data Security Model Law (“MDL-668”). Information Security Program Requirements. Cybersecurity Event Investigation and Notification Requirements.

Insurance 107

Insurance Security Information Security Cybersecurity 107

Security Affairs

JANUARY 6, 2019

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. “What’s the takeaway? .” Pierluigi Paganini.

Insurance 280

Insurance Data breaches Government Sales 280

Security Affairs

AUGUST 28, 2024

We immediately took certain systems offline to contain the incident and launched an investigation, with the assistance of a cybersecurity forensics firm, to determine the nature and scope of the event.” ” reads a notice of data breach published by the company. The company maker did not share details about the attack.

Data breaches 286

Data breaches Ransomware Insurance Access 286

IT Governance

OCTOBER 15, 2020

Cyber threats are so numerous that it’s impossible to prevent security incidents altogether. That’s why they organisations increasingly relying on cyber insurance policies to cover the costs when data breaches and cyber attacks occur. But just how helpful is cyber insurance? What is cyber insurance?

Insurance 122

Insurance Data breaches Risk Security 122

Security Affairs

NOVEMBER 30, 2020

“Sources said the county is in the process of paying the $500,000 ransom as it’s insured for such attacks.” We commenced an immediate investigation that included taking certain systems offline and working with computer forensic specialists to determine the nature and scope of the event. Pierluigi Paganini.

Computer and Electronics 349

Computer and Electronics Ransomware Insurance Encryption 349

Krebs on Security

JANUARY 29, 2021

The unprecedented volume of unemployment insurance fraud witnessed in 2020 hasn’t abated, although news coverage of the issue has largely been pushed off the front pages by other events. Another 17 percent of claims — nearly $20 billion more – are suspected fraud. In a notice posted Jan. 28 , the U.S.

Insurance 339

Insurance Personal data Authentication IT 339

Security Affairs

NOVEMBER 29, 2020

“The secure remediation plan launched on 26 October is nearly complete. The Group’s insurance coverage for cyber risks totals €30 million.” The IT services provider said that sales activity for the fourth quarter should not be significantly affected by this event. ” states the company. Pierluigi Paganini.

Ransomware 339

Ransomware Insurance Sales Cybersecurity 339

eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

Insurance 129

Insurance Ransomware Risk Data science 129

eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. If your company has not already experienced a significant cybersecurity event, it is probably only a matter of time before it does. But there’s a catch: Insurers are going to carefully assess your cybersecurity controls before writing any policy, and there are limits to coverage.

Insurance 121

Insurance Ransomware Cybersecurity Marketing 121

Security Affairs

JUNE 18, 2024

In some cases, attackers are even leveraging the threat of regulatory actions or causing cyber insurance policies to be rendered moot by reporting lapses in security on the part of the victim to regulators and insurers. Downtime and lost productivity during the event and recovery period can severely impact business operations.

Ransomware 353

Ransomware Insurance Cybersecurity B2B 353

Security Affairs

JUNE 12, 2023

In February, the Clop ransomware group claimed to have stolen sensitive data from over 130 organizations by exploiting a zero-day vulnerability ( CVE-2023-0669 ) in Fortra’s GoAnywhere MFT secure file transfer tool. ITx promptly launched an investigation to determine the nature and scope of the Fortra Event.

Data breaches 246

Data breaches Ransomware Insurance Data Privacy 246

Hunton Privacy

AUGUST 6, 2019

On August 2, 2019, New Hampshire Governor Chris Sununu signed into law SB 194 (the “Bill”), which requires insurers licensed in the state (“licensees”) to put in place data security programs and report cybersecurity events. Key provisions of the Bill include: Information Security Program. Incident Response Plan.

Insurance 81

Insurance Security Cybersecurity Information Security 81

Security Affairs

NOVEMBER 14, 2022

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. appeared first on Security Affairs. there could be reputational damage. Pierluigi Paganini.

Insurance 356

Insurance Risk Ransomware Encryption 356

Security Affairs

OCTOBER 31, 2021

Black Shadow hacked the Israeli insurance firm Shirbit in December and demanded a $1 million ransom, but the victim refused to pay it. Israel and Iran have been engaged in long-running silent cyberwar, the most clamorous event is represented by the Stuxnet attack aimed at disrupting the Islamic Republic’s nuclear program.

Insurance 283

Insurance IT Security Data breaches 283

The Last Watchdog

MARCH 13, 2023

So how will this affect chief information security officers (CISOs) and security programs? Given the perennial skills and staffing shortage in security, it’s unlikely that CISOs will be asked to make deep budget or staffing cuts, yet they may not come out of this period unscathed. Demonstrate secure practices to customers.

Security 203

Security Insurance Cybersecurity Customer Experience 203

Krebs on Security

DECEMBER 8, 2022

Alex Holden is founder of Hold Security , a Milwaukee-based cybersecurity firm. The CLOP members said one tried-and-true method of infecting healthcare providers involved gathering healthcare insurance and payment data to use in submitting requests for a remote consultation on a patient who has cirrhosis of the liver.

Ransomware 330

Ransomware Metadata Insurance Encryption 330

Security Affairs

FEBRUARY 12, 2024

This includes substantial costs for insurers, reaching an estimated $542 million annually, to repair or replace stolen vehicles. We’re not aware of any events like this and frankly speaking not sure what was the reason for this discussion to begin with.” ” reads a message published by the company on X.

Government 334

Government Sales Insurance IT 334

IT Governance

JULY 30, 2024

But as a reminder, here are some key facts about the CrowdStrike incident: CrowdStrike is a publicly listed security company, which provides security software to – among many other large organisations – Microsoft. The outage was caused by a bad security update rolled out by CrowdStrike. Learn more about the CIA triad here.)

Insurance 112

Insurance Risk Encryption Manufacturing 112

Krebs on Security

JULY 4, 2020

One of the most-read advice columns on this site is a 2018 piece called “ Plant Your Flag, Mark Your Territory ,” which tried to impress upon readers the importance of creating accounts at websites like those at the Social Security Administration , the IRS and others before crooks do it for you.

Passwords 344

Passwords Authentication Insurance Mining 344

Security Affairs

APRIL 8, 2021

It’s impossible to determine if the two events are connected to the breach. 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. ever since. Pierluigi Paganini.

Passwords 288

Passwords Insurance Personal data Sales 288

IT Governance

DECEMBER 14, 2021

With organisations’ cyber security requirements becoming more complex and the threat of cyber attacks growing each year, many decision-makers are turning towards cyber security as a service. This approach, also known as managed cyber security, works by outsourcing cyber security to a third party. You’ll save money.

Security 131

Security Insurance Data breaches Information Security 131

Krebs on Security

AUGUST 5, 2024

Security experts say the Dark Angels have been around since 2021, but the group doesn’t get much press because they work alone and maintain a low profile, picking one target at a time and favoring mass data theft over disrupting the victim’s operations. Securities and Exchange Commission (SEC) on February 21, 2024.

Ransomware 274

Ransomware Healthcare Insurance Cybersecurity 274

Data Protection Report

MARCH 21, 2023

The French Information and Digital Security Experts Club ( CESIN ) has estimated that 54% of French companies were subject to cyberattacks in 2021, [1] while France Assureurs has put cyberattack risks on top of all other risks for the sixth year in a row. [2] 12-10-1 into the French Insurance code. However, in the end, Article L.12-10-1

Insurance 105

Insurance Data breaches Personal data GDPR 105

Data Matters

JANUARY 14, 2019

On December 19, 2018, Ohio adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law. The Act is designed to “establish standards for data security and for the investigation and notification to the Superintendent of Insurance of a cybersecurity event.”.

Insurance 67

Insurance Security Cybersecurity Data breaches 67

Data Matters

OCTOBER 20, 2022

Treasury Department is seeking public comment on the need and scope for a potential federal insurance response to catastrophic cyber incidents, akin to the one put in place for terrorism insurance after the attacks of September 11, 2001. The request, published by the Federal Insurance Office (FIO) in the U.S. Background.

Insurance 87

Insurance Marketing Cybersecurity Risk 87

Data Matters

FEBRUARY 11, 2019

On December 28, 2018, Michigan adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law in the form of Michigan H.B. The Act defines licensees as persons authorized, registered, or licensed under Michigan insurance laws or required to be so. 6491 (Act). MCL § 500.550.

Insurance 67

Insurance Security Cybersecurity FOIA 67

Krebs on Security

JULY 24, 2018

Now the financial institution is suing its insurance provider for refusing to fully cover the losses. In June of 2016, National Bank implemented additional security protocols, as recommended by FirstData. million total. Following the 2016 breach, National Bank hired cybersecurity forensics firm Foregenix to investigate. Between Jan.

Insurance 199

Insurance Computer and Electronics Phishing Access 199

The Last Watchdog

OCTOBER 29, 2018

The headlines immediately attempted to lay the blame, in large part, on the fact that Equifax’s chief information security officer was a music major and did not have a background in technology. The FTC considers that ‘reasonable security’ doesn’t mean ‘perfect security.’ Even the best security program is not bulletproof.

Security 164

Security Data Privacy Privacy Data breaches 164

Data Matters

JUNE 23, 2022

Kentucky and Maryland recently continued the trend of state insurance departments adopting some version of the National Association of Insurance Commissioners’ (“NAIC”) Insurance Data Security Model Law. The post Kentucky and Maryland Recently Joined Other States in Adopting NAIC Model Data Security Law.

Insurance 102

Insurance Security Cybersecurity Information Security 102

Security Affairs

NOVEMBER 26, 2018

Reporting an event is one action that can help. Reporting an event is one action that can help. Under the Health Insurance Portability and Accountability Act (HIPAA), entities affected by the law must inform authorities and the impacted individuals within 60 days , but only if 500 or more people are affected. Pierluigi Paganini.

Data breaches 278

Data breaches Personal data GDPR Cybersecurity 278

Thales Cloud Protection & Licensing

OCTOBER 5, 2022

Global October Cybersecurity Events: Where You Can Find Thales. The summer is now over, and October is a month full of cybersecurity events for Thales around the world. Below are just some of the events Thales will be at over the next few weeks. Les Assises turns 22 this year, and the event motto is "In 2022, We Speed Up!"

Cybersecurity 87

Cybersecurity Cloud Digital transformation Sales 87

IBM Big Data Hub

MARCH 25, 2024

As the effects of climate change intensify, extreme weather events are becoming increasingly frequent and severe. The US experienced 25 extreme weather events in 2023, each causing losses of over USD 1 billion, with a total cost of USD 73.8 These climate events have a huge potential impact on financial institutions.

Financial Services 85

Financial Services Insurance Risk Agriculture 85

Krebs on Security

MARCH 3, 2020

Last week, KrebsOnSecurity reported to health insurance provider Blue Shield of California that its Web site was flagged by multiple security products as serving malicious content. How did a browser extension lead to a malicious link being added to the health insurance company Web site?

Insurance 339

Insurance File names Risk Marketing 339

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. With cyber attacks amounting to a question of when and not if, cyber insurance becomes crucial for ensuring business continuity and mitigating the business impact of attacks – should they occur. Tue, 05/10/2022 - 05:43.

Insurance 77

Insurance Authentication Risk Ransomware 77

Data Matters

FEBRUARY 10, 2021

2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. According to NYDFS, the incorporation of these practices should be proportionate to each insurer’s size, resources, geographic distribution, and other factors. The Framework.

Insurance 78

Insurance Financial Services Cybersecurity Risk 78

IBM Big Data Hub

MAY 1, 2023

That ground-shaking event divided the world with excitement and trepidation about a future with thinking machines. In this first of two posts, I investigate the anatomy of artificial intelligence and its impact on insurance. It offers customers and the insurer’s system to interact in a human-like manner.

Artificial Intelligence 75

Artificial Intelligence Insurance Risk Personal data 75