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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.”
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.
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.
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.
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?
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.
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.
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.
Every week the best security articles from Security Affairs free for you in your email box. The post Security Affairs newsletter Round 284 appeared first on Security Affairs. A new round of the weekly SecurityAffairs newsletter arrived! Copyright (C) 2014-2015 Media.net Advertising FZ-LLC All Rights Reserved -->.
Every week the best security articles from Security Affairs are free for you in your email box. Experts spotted a new macOS Backdoor named SpectralBlur linked to North Korea Merck settles with insurers regarding a $1.4 A new round of the weekly SecurityAffairs newsletter arrived!
Here’s one more contribution to that issue: a research paper that the insuranceindustry 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 insuranceindustry.
Every week the best security articles from Security Affairs are free in your email box. A new round of the weekly SecurityAffairs newsletter arrived! Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press. Managing Cybersecurity in the Age of Artificial Intelligence Clearview AI Faces €30.5M
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.
. “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.” Pierluigi Paganini.
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
Security and Exchange Commission (SEC) recently laid down the hammer charging and fining four prominent cybersecurity vendors for making misleading claims in connection with the SolarWinds hack. A security incident is often an indication of poor investment in security programs, rather than personal characeteriziation of the security leader.
Xchanging is a business process and technology services provider and integrator, which provides technology-enabled business services to the commercial insuranceindustry. Securities and Exchange Commission (SEC). The company disclosed the security breach on July 5, but it is not clear when it has discovered the attack.
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.
Securities and Exchange Commission settled its investigation into the matter after the Fortune 500 company agreed to pay a paltry penalty of less than $500,000. The SEC says First American derives nearly 92 percent of its revenue from its title insurance segment, earning $7.1 This week, the U.S. First American Financial Corp.
A new round of the weekly Security Affairs newsletter arrived! Every week the best security articles from Security Affairs free for you in your email box. The post Security Affairs newsletter Round 362 by Pierluigi Paganini appeared first on Security Affairs. Patch them now! Patch them now! Pierluigi Paganini.
The security breach exposed the sensitive personal information of 2,192,515 people. 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. million individuals. It is a $6.6
HackerOne customers praised the results of the bug bounty programs, 70% of them stated that the bug bounty programs helped them to increase their cyber security and avoid a significant cyber incident. “The Hacker-Powered Security Report makes clear that hackers are actively growing their skillsets to meet emerging threats.
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.
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%
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?
The best news of the week with Security Affairs. Apple T2 security chip in new MacBooks disconnects Microphone when lid is closed. USB drives are primary vector for destructive threats to industrial facilities. Group-IB and CryptoIns introduce the worlds first insurance against cyber threats for cryptocurrency exchanges.
On May 24, KrebsOnSecurity broke the news that First American had just fixed a weakness in its Web site that exposed approximately 885 million documents — many of them with Social Security and bank account numbers — going back at least 16 years. No authentication was needed to access the digitized records. ” . ”
AccuDoc is a company providing technology solutions to the healthcare industry, including Hospital network Atrium Health. For some individuals, the personal information may also have included Social Security numbers.” Security Affairs – Atrium Health, data breach). The data breach impacted roughly 2.65 Pierluigi Paganini.
But one aspect of that vaunted list that hasn’t shifted much since is that very few of these companies list any security professionals within their top executive ranks. But organizations that do not offer this coverage to their security leaders are unlikely to list those positions in their highest ranks, Schreider said.
This group primarily focused its attacks on the construction, manufacturing/industrial, and retail industries. Previously dominated by the construction industry, the IT sector now claims the top spot in 2023. The data shows a shift in ransomware targets over the past three years.
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. Can this be done?
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.
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.
Is it fair to judge an organization’s information security posture simply by looking at its Internet-facing assets for weaknesses commonly sought after and exploited by attackers, such as outdated software or accidentally exposed data and devices? the security posture of vendor partners). ENTIRELY, CERTIFIABLY PREVENTABLE.
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 insuranceindustries since August 2021, while it started targeting defense firms since November 2021.
.” The incident comes after the entire insuranceindustry 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.
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. Pierluigi Paganini. SecurityAffairs – hacking, The Dark Overload).
-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. .
The group focuses on organizations in the insurance, retail, technology, and chemical industries in the U.S., Tune the e-mail security solution to automatically discard malicious or suspicious attachments. Integrate threat intelligence into existing SIEM or security controls for relevant Indicators of Compromise.
Researchers from the cybersecurity firm Menlo Security reported that threat actors exploited an open redirection vulnerability in the job search platform Indeed in phishing attacks. ” states the report from Menlo Security. “The parameters in the URL that follow the “?” ” continues the report.
Big banks and insurance companies instilled the practice of requesting their third-party vendors to fill out increasingly bloated questionnaires, called bespoke assessments, which they then used as their sole basis for assessing third-party risk. It does this by ingesting and correlating data from a wide array of security-related datasets.
Gb - NDA The group published a set of files as proof of the security breach and threatens leak all the stolen data if the victim will not pay the ransom. . - Gb - NDA The group published a set of files as proof of the security breach and threatens leak all the stolen data if the victim will not pay the ransom. pst files - 1.5
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.
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