Remove Industry Remove Insurance Remove Security
article thumbnail

Change Healthcare data breach exposed the private data of over half the U.S.

Security Affairs

healthcare industry, the company said Friday.” ” The figure is alarming: the 2024 cyberattack on the insurance giant exposed the private data of over half the U.S. According to the Associated Press, UnitedHealth booked $1.1 billion in total costs from the cyberattack in the second quarter. . population.”

article thumbnail

Cyber Insurance and the Changing Global Risk Environment

Security Affairs

When security fails, cyber insurance can become crucial for ensuring continuity. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance. If the technology were to become unavailable, the resulting business impact could be mitigated with cyber insurance.

Insurance 250
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Black Basta ransomware gang hit BT Group

Security Affairs

The alert provides Tactics, Techniques, and Procedures (TTPs) and Indicators of Compromise (IOCs) obtained from law enforcement investigations and reports from third-party security firms. Black Basta is a ransomware-as-a-service (RaaS) variant, first identified in April 2022. reads the CSA.

article thumbnail

First American Financial Corp. Leaked Hundreds of Millions of Title Insurance Records

Krebs on Security

The Web site for Fortune 500 real estate title insurance giant First American Financial Corp. based First American is a leading provider of title insurance and settlement services to the real estate and mortgage industries. We are currently evaluating what effect, if any, this had on the security of customer information.

Insurance 279
article thumbnail

Group-IB and CryptoIns introduce the world’s first insurance against cyber threats for cryptocurrency exchanges

Security Affairs

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 232
article thumbnail

U.S. banking regulators order banks to notify cybersecurity incidents in 36 hours

Security Affairs

The rule was approved by the Federal Reserve, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency. banking regulators order banks to notify cybersecurity incidents in 36 hours appeared first on Security Affairs. The rule aims at forcing banks to quickly respond to cybersecurity incidents. The post U.S.

article thumbnail

The Impact of Remote Work and Cloud Migrations on Security Perimeters

Security Affairs

Cloud Security Challenges However, adopting cloud computing significantly expanded the attack surface for businesses, effectively dissolving the traditional network perimeter. This shift introduced new vulnerabilities, and conventional security measures designed to protect a well-defined, centralized perimeter were no longer enough.

Cloud 323