Security Affairs

DECEMBER 4, 2024

Black Basta affiliates have targeted over 500 private industry and critical infrastructure entities, including healthcare organizations, in North America, Europe, and Australia.” “Black Basta is a ransomware-as-a-service (RaaS) variant, first identified in April 2022. reads the CSA.

Ransomware 311

Ransomware Blockchain Insurance Data breaches 311

Security Affairs

NOVEMBER 6, 2018

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?

Insurance 236

Insurance Risk Marketing Cybersecurity 236

Data Breach Today

OCTOBER 14, 2024

Sector Uses Multifactor, Eschews Cloud, Can't Afford Cyber Insurance The oil and gas industry has high levels of cyber awareness and low levels of cyber insurance, says a sectoral assessment from credit rating agency Moody's.

Insurance 297

Insurance Risk Cloud 297

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. However, the most pressing challenge currently facing the industry is ransomware. To date, the UK government has taken a light-touch approach to the cyber insurance industry.

Insurance 135

Insurance Ransomware Paper Marketing 135

Data Breach Today

JANUARY 30, 2021

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.

Insurance 299

Insurance Phishing Security 299

Security Affairs

NOVEMBER 20, 2021

The rule was approved by the Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency. Major cybersecurity incidents are attacks that impact operations of the victims or the stability of the US financial sector. The rule aims at forcing banks to quickly respond to cybersecurity incidents.

Cybersecurity 363

Cybersecurity Financial Services Insurance Ransomware 363

Security Affairs

JANUARY 2, 2024

Hudson Researchers reported that a mysterious hacker launched a series of attacks against industry-leading companies in Iran. It is still unclear how the hackers targeted so many insurance companies at the same time. The hacker also shared a sample of the data, which it available for a total price of $60,000.

Insurance 362

Insurance Sales Passwords Access 362

Krebs on Security

AUGUST 14, 2020

The “RCM” portion of its name refers to “revenue cycle management,” an industry which tracks profits throughout the life cycle of each patient, including patient registration, insurance and benefit verification, medical treatment documentation, and bill preparation and collection from patients.

Ransomware 363

Ransomware Insurance Phishing IT 363

Security Affairs

DECEMBER 2, 2020

. “Upon identifying unusual system activity, we quickly initiated our response, taking steps to contain the threat and lock down impacted systems, notifying federal law enforcement authorities, and working with an industry-leading third-party forensics team to investigate and assist with the incident.”

Education 362

Education Ransomware Insurance Access 362

Krebs on Security

JULY 23, 2020

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

Insurance 350

Insurance Financial Services Mining Access 350

eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. And costs can be much higher for some industries and geographic locations (including the United States). But there’s a catch: Insurers are going to carefully assess your cybersecurity controls before writing any policy, and there are limits to coverage. That’s a 29.1%

Insurance 121

Insurance Ransomware Cybersecurity Marketing 121

WIRED Threat Level

JUNE 12, 2021

While major carriers like AXA have backed away from covering ransoms, don't expect the industry at large to break the vicious cycle.

Insurance 198

Insurance Ransomware Security 198

Data Breach Today

JULY 15, 2022

Also: Cyberthreat Activity in Sri Lanka; Cyber Insurance Trends Four ISMG editors discuss important cybersecurity issues, including lessons learned from the cyberattack on a steelmaker in Iran that caused a serious fire, how the economic crisis in Sri Lanka is affecting cybersecurity and what the rising cost of cyber insurance means for the industry. (..)

Insurance 239

Insurance Cybersecurity 239

Data Breach Today

JANUARY 23, 2023

In this episode of "Cybersecurity Unplugged," David Derigiotis of insurtech Embroker discusses the complex world of cyber liability insurance, including the collapse of crypto exchange FTX, recent breaches, and improvements in the cyber insurance industry.

Insurance 130

Insurance Cybersecurity 130

AIIM

JUNE 23, 2020

There may be no other industry that could benefit more from automation than the mortgage banking industry. This industry is full of time-consuming, error-prone, and paper and labor-intensive processes, all perfectly-suited for automation.

Insurance 141

Insurance Digital transformation Paper Libraries 141

DXC Technology

SEPTEMBER 16, 2020

The insurance industry is in the midst of a brutal stress test, due to the current environment. Some insurance products may become uneconomical. And many insurers will come under pressure to reduce their spending. Given this fast-changing business environment, insurers need […].

Insurance 125

Insurance 125

Security Affairs

JULY 6, 2020

Xchanging is a business process and technology services provider and integrator, which provides technology-enabled business services to the commercial insurance industry. Xchanging is primarily an insurance managed services business that operates on a standalone basis.”

Ransomware 296

Ransomware Insurance Financial Services Manufacturing 296

IT Governance

OCTOBER 15, 2020

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? How does cyber insurance work? What does a cyber insurance policy cover? Who needs cyber insurance?

Insurance 122

Insurance Data breaches Risk Security 122

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 130

Insurance Ransomware Risk Data science 130

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

Data Breach Today

JULY 5, 2022

Get the Latest Insights from the Industry's Top Minds - All in One Place Welcome to ISMG's compendium of RSA Conference 2022. The 31st annual conference covered a wide range of topics including cybercrime, cyberwarfare, zero trust, supply chain risk, ransomware, OT security, cyber insurance and jobs.

Insurance 244

Insurance Ransomware Risk Access 244

Security Affairs

NOVEMBER 10, 2023

Exposed information varied by individual and may include some combination of certain individuals’ names, social Security number, health insurance information, date of birth, and medical information. ” reads the notice of data breach sent to the Maine Attorney General.

Data breaches 338

Data breaches Ransomware Insurance Manufacturing 338

Security Affairs

JANUARY 7, 2022

The Federal Bureau of Investigation (FBI) warns US companies that the FIN7 cybercriminals group is targeting the US defense industry with BadUSB devices. FIN7 using this technique to target businesses in the transportation and insurance industries since August 2021, while it started targeting defense firms since November 2021.

Insurance 259

Insurance Ransomware Access Security 259

Krebs on Security

MAY 31, 2019

The Times says few people outside the real estate industry are familiar with First American, but millions have entrusted their data to the company when they go to close the deal on buying or selling a new home. First American says it has hired a third-party security firm to investigate, and that it shut down external access to the records.

Financial Services 257

Financial Services Insurance Sales Authentication 257

Security Affairs

SEPTEMBER 4, 2023

The BaFin is responsible for overseeing banks, insurance companies, investment firms, and other financial institutions. BaFin also regulates the securities markets and the financial services industry.

Financial Services 355

Financial Services Military Insurance Marketing 355

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. .

Ransomware 256

Ransomware Insurance Encryption Cloud 256

Security Affairs

OCTOBER 30, 2023

The company reported that the automotive industry has seen the largest increase in bounties. The average bounty for all industries is $3,700 and goes up to $12,000 in the 90th percentile. Below is the analysis of vulnerability type by industry: How do the company customers measure the ROI of the HackerOne security program?

Blockchain 338

Blockchain Risk Insurance Security 338

Security Affairs

NOVEMBER 28, 2018

AccuDoc is a company providing technology solutions to the healthcare industry, including Hospital network Atrium Health. Atrium Health notified the affected individuals by mail, the company recommends monitoring account statements, bills, notices, and insurance transactions for incidents of unauthorized activity.

Data breaches 265

Data breaches Insurance Archiving Access 265

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.

Insurance 280

Insurance Data breaches Sales Government 280

Security Affairs

OCTOBER 9, 2022

.” The incident comes after the entire insurance industry was alerted of cyber attacks as a result of the ongoing conflict between Russia and Ukraine. Companies in the insurance market condemned Russia’s invasion of Ukraine and supported sanctions against Moscow. ” reads a bulletin sent to syndicates.

Insurance 246

Insurance Marketing IT Security 246

Security Affairs

MAY 9, 2019

The group is also responsible for the 2015 Health Insurer Anthem data breach. The US Department of Justice indicted Fujie Wang (32), a member of sophisticated Chinese hacking group that breached at several US companies, including the health insurer Anthem Inc. back in 2015. ” reads the press release published by DoJ.

Insurance 255

Insurance Data breaches Phishing Privacy 255

The Last Watchdog

NOVEMBER 12, 2024

As organizations continue facing escalating cyber threats, how they communicate multiplying and rapidly morphing cyber exposures – in essence how much they choose to abide by industry standards and embrace ethical practices — remains under intense scrutiny. 1 million for a company the size of Checkpoint is but a slap on the wrist.

Cybersecurity 263

Cybersecurity Risk Government Compliance 263

Security Affairs

APRIL 16, 2024

According to the announcement, the stolen data includes: - 285 Gb of quality control data - 24 Gb - 896 client folders, many famous brands like SpaceX, IBM, Apple, Huawei, etc. - 18 Gb.dwg - 38295 pcs - drawings and schematics of chips, microchips, transistors, etc. . - All data is confidential, contains trade secrets. - pst files - 1.5

Ransomware 348

Ransomware Manufacturing Insurance Cybersecurity 348

The Guardian Data Protection

NOVEMBER 11, 2023

Observer investigation reveals UK Biobank opened its biomedical database to insurance firms despite pledge it would not do so Sensitive health information donated for medical research by half a million UK citizens has been shared with insurance companies despite a pledge that it would not be. Continue reading.

Insurance 111

Insurance Data Privacy Privacy Risk 111

Security Affairs

JANUARY 7, 2024

Experts spotted a new macOS Backdoor named SpectralBlur linked to North Korea Merck settles with insurers regarding a $1.4 Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press.

Artificial Intelligence 307

Artificial Intelligence Security Data breaches Ransomware 307

Data Protection Report

MARCH 21, 2023

2] In this context, the Directorate General of the French Treasury has put forward a plan of action with a view to clarifying the cyber-insurance legal framework, better gauging cyber-risks, and enhancing companies’ awareness as regards cyber-risks. 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 Breach Today

MAY 18, 2024

Also: More Support for Ransomware Victims, Key Takeaways From RSA 2024 In the latest weekly update, ISMG editors discussed key takeaways from the RSA Conference, delve into the surge of synthetic ID fraud in the auto lending industry, and examine a new initiative by the UK's National Cyber Security Centre and major insurance associations to combat (..)

Insurance 173

Insurance Ransomware Security 173