Data Breach Today

MAY 14, 2024

Firms Back New Guidance for Victims From UK's National Cyber Security Centre A coalition of cyber insurance associations has pledged to back fresh government cybersecurity guidance designed to help victims avoid ever paying a ransom, as part of an ongoing push to reduce ransomware's profitability for criminals in part by improving organizations' resilience (..)

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Insurance Ransomware Cybersecurity Government 189

Security Affairs

JANUARY 9, 2025

.” The experts determined that threat actors may have stolen certain files containing different types of information, including health insurance and billing information (such as insurance policy numbers or claims/benefits information), payment information (such as debit/credit card numbers or bank account information), health information (such (..)

Data breaches 181

Data breaches Insurance Ransomware Information governance 181

Schneier on Security

JULY 1, 2021

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.

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Insurance Ransomware Paper Marketing 132

Data Breach Today

SEPTEMBER 29, 2022

Cyber Insurers Limit Financial Exposure While Risk Grows The Department of Treasury and the Cybersecurity and Infrastructure Agency are soliciting comments on whether risks to critical infrastructure from a catastrophic cyber attack - and the concurrent potential for ruinous financial exposure by insurers - should lead to a new federal approach.

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Insurance Government Risk Cybersecurity 130

Data Breach Today

JANUARY 23, 2024

Governments Accuse Aleksandr Ermakov and REvil of Being Medibank Hackers The United States, Australia and the United Kingdom sanctioned a Russian man the governments say was behind the October 2022 hacking of Medibank, Australia's largest private health insurer.

Insurance 296

Insurance Data breaches Government 296

Krebs on Security

MAY 23, 2020

When a reliable method of scamming money out of people, companies or governments becomes widely known, underground forums and chat networks tend to light up with activity as more fraudsters pile on to claim their share. And that’s exactly what appears to be going on right now as multiple U.S. Meanwhile, a number of U.S.

Insurance 359

Insurance Government Personal data Communications 359

Krebs on Security

OCTOBER 1, 2020

federal government if the crooks who profit from the attack are already under economic sanctions, the Treasury Department warned today. government, they still can be fined either way, said Ginger Faulk , a partner in the Washington, D.C. Image: Shutterstock. jurisdiction) and making it a crime to transact with them.

Ransomware 363

Ransomware Insurance Risk Government 363

Security Affairs

OCTOBER 23, 2024

Consequently, organizations face various security, governance, privacy, and compliance risks. Health Insurance Portability and Accountability Act (HIPAA) HIPAA is a compliance framework designed to protect patients’ health information in the United States. Today, data is not limited to on-premise or data stores.

Data Privacy 316

Data Privacy Privacy GDPR Compliance 316

Security Affairs

JANUARY 14, 2019

Zurich American Insurance Company is refusing to refund its client because consider the attack as “an act of war” that is not covered by its policy. According to the cyber security community, NotPetya is a cyber weapon develped by Russia to hit the Ukrainian government. SecurityAffairs – Mondelez, cyber insurance).

Insurance 274

Insurance Ransomware Sales Government 274

IT Governance

MAY 24, 2022

One of the most common ways to mitigate the risk of a cyber security incident is cyber insurance. These activities aren’t typically included in standard business insurance policies, which tend to only cover costs related to technical issues, such as corrupted hard drives and lost devices. The benefits of cyber insurance.

Insurance 136

Insurance Data breaches GDPR Ransomware 136

Security Affairs

NOVEMBER 20, 2021

banking regulators this week approved a rule that obliges banks to report any major cybersecurity incidents to the government within 36 hours of discovery. The rule was approved by the Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency.

Cybersecurity 363

Cybersecurity Financial Services Insurance Ransomware 363

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

Security Affairs

MAY 16, 2024

” “MediSecure was one of two companies awarded contracts by the federal government to provide PBS e-script services until late last year, when the tender was granted exclusively to another company, eRx.” Medibank is one of the largest Australian private health insurance providers with approximately 3.9

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Ransomware e-Delivery Data breaches Insurance 331

Security Affairs

APRIL 8, 2024

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).

Data breaches 348

Data breaches Insurance Cybersecurity Government 348

Security Affairs

JUNE 13, 2020

Google also revealed that hackers are also attempting to impersonate government authorities and healthcare organizations, including the WHO, to trick victims that are in smart working. In the UK hackers are imitating government institutions to try to gain access to personal information using government measures to help businesses as lures.

Phishing 306

Phishing Insurance Government Access 306

Security Affairs

SEPTEMBER 8, 2024

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 (..)

Security 289

Security Insurance Ransomware Government 289

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. “ There’s five layers to go. Layer 1, 2, 3, 4, and fine finally Layer 5.

Insurance 280

Insurance Data breaches Sales Government 280

Security Affairs

DECEMBER 17, 2024

.” Compromised information varies by each individual, but may include name, date of birth, address, Social Security number, drivers license number, government-issued identification number, financial account information, health insurance information and medical information, including medical records numbers, billing/claims data and diagnosis and (..)

Data breaches 149

Data breaches Ransomware Insurance Access 149

IT Governance

AUGUST 23, 2022

Cyber liability insurance helps organisations cover the financial costs of a data breach. Without insurance, organisations spend £3.6 By purchasing cyber liability insurance, organisations gain the resources they need at a fraction of the cost. What does cyber insurance include? First-party vs third-party insurance.

Insurance 122

Insurance Data breaches e-Delivery Risk 122

Security Affairs

FEBRUARY 12, 2024

The Canadian government is going to ban the tool Flipper Zero because it is abused by crooks to steal vehicles in the country. The Canadian government announced that it plans to ban the tool Flipper Zero , and similar hacking devices, to curb the surge in car thefts. ” reads a statement from the Canadian Government. .

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Government Sales Insurance IT 335

Security Affairs

SEPTEMBER 27, 2024

In a press statement, the Ministry said that systems have been restored to their backups including systems at Kuwait Cancer Control Center and administrative systems, like the health insurance and expatriate check-up systems.” ” reported the website Kuna.net.

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Insurance Ransomware Government Security 328

Data Breach Today

NOVEMBER 11, 2022

Australian PM Says Russia Should 'Be Held Accountable' for Data Leaks The Australian government says hackers from Russia are behind the attack on Medibank, the country's largest private health insurer.

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The Last Watchdog

NOVEMBER 12, 2024

In some jurisdictions, this line is most-effectively drawn by a government-appointed privacy commissioner who is required to remain neutral and yet ultimately serves the citizens of its country. Other companies may continue to rely on hiding the ball, scapegoating and relying on insurance to cover the losses.

Cybersecurity 263

Cybersecurity Risk Government Compliance 263

Security Affairs

MAY 29, 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.

Ransomware 246

Ransomware Data breaches Insurance Access 246

Security Affairs

JULY 15, 2019

On July 6, a ransomware attack brought down government computer systems at La Porte County, Indiana, finally, the county decided to pay $130,000 ransom. For at least three days, government systems were not working forcing the County officials to evaluate the option to pay the ransom. ” reported the WSBT.

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Ransomware Insurance Government Sales 257

Krebs on Security

MAY 29, 2024

” The arrest coincided with the seizure of the 911 S5 website and supporting infrastructure, which the government says turned computers running various “free VPN” products into Internet traffic relays that facilitated billions of dollars in online fraud and cybercrime. government.

Cloud 348

Cloud Government Insurance IT 348

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. In fact, the cost to victims from ransomware attacks is estimated to reach $265 billion (USD) annually by 2031.

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Ransomware Insurance Cybersecurity B2B 354

Security Affairs

JUNE 14, 2024

In January 2025, European financial and insurance institutions, their business partners and providers, must comply with DORA. In January 2025, financial and insurance institutions in Europe and any organizations that do business with them must comply with the Digital Operation Resilience Act, also known as DORA.

Compliance 313

Compliance Insurance Risk Cloud 313

Security Affairs

JUNE 20, 2019

On Monday, city officials participating to a rapid meeting unanimously voted to use the city’s insurance to pay a ransom of 65 bitcoins (~$603,000). “The payment is being covered by insurance.” ” continues the AP. million to hackers — about $2,400 per attack.

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Ransomware Insurance Encryption Government 278

Krebs on Security

JUNE 18, 2021

The SEC says First American derives nearly 92 percent of its revenue from its title insurance segment, earning $7.1 Title insurance protects homebuyers from the prospect of someone contesting their legitimacy as the new homeowner. Title insurance is not mandated by law, but most lenders require it as part of any mortgage transaction.

Insurance 335

Insurance Risk Financial Services Mining 335

Security Affairs

DECEMBER 9, 2023

The compromised information varied for each person and could have included: name, contact information, Social Security Number, date of birth, health information, insurance information, and medical identification numbers. Norton Healthcare is offering impacted individuals two years of credit monitoring.

Data breaches 343

Data breaches Ransomware Insurance Access 343

Security Affairs

SEPTEMBER 1, 2020

According to the experts, the threat actors are merely trying to monetize their efforts selling information that have no intelligence value for the Iranian Government. In late July 2020, Crowdstrike spotted a threat actor associated with PIONEER KITTEN that was attempting to sell access to compromised networks on an underground forum.

Access 327

Access Financial Services Retail Insurance 327

Krebs on Security

AUGUST 29, 2019

-based PerCSoft is a cloud management provider for Digital Dental Record (DDR), which operates an online data backup service called DDS Safe that archives medical records, charts, insurance documents and other personal information for various dental offices across the United States. ” Read the full ProPublica piece here. .

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Ransomware Insurance Encryption Cloud 257

KnowBe4

MAY 22, 2023

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 (..)

Insurance 98

Insurance Risk Government Security awareness 98

Security Affairs

JANUARY 6, 2024

In December 2023, the law firm announced that it was working out a settlement with class action plaintiffs who said their personal information was compromised in a March 2023 data breach.

Data breaches 340

Data breaches Insurance Access Cybersecurity 340

IT Governance

AUGUST 25, 2022

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.

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Insurance IT Government Risk 105

Security Affairs

FEBRUARY 28, 2024

” Government experts believe that the increase in targeted attacks against the healthcare sector is the response of the group to law enforcement actions against the Blackcat group in early December 2023. municipal governments, defense contractors, and critical infrastructure organizations).” reads the press release. “To

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Ransomware Government Insurance Manufacturing 343