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Merck has resolved a dispute with insurers regarding a $1.4 Merck and its insurers have agreed with a $1.4 It is one of the largest pharmaceutical companies globally, engaged in the research, development, manufacturing, and marketing of a wide range of healthcare products. billion claim against the insurers.
Nexperia is a semiconductor manufacturer headquartered in Nijmegen, the Netherlands. 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. It is a subsidiary of the partially state-owned Chinese company Wingtech Technology.
This group primarily focused its attacks on the construction, manufacturing/industrial, and retail industries. The data shows a shift in ransomware targets over the past three years. Previously dominated by the construction industry, the IT sector now claims the top spot in 2023.
Exposed information varied by individual and may include some combination of certain individuals’ names, social Security number, health insuranceinformation, date of birth, and medical information. ” reads the notice of data breach sent to the Maine Attorney General.
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.”
In December 2023, Elliptic and Corvus Insurance published a joint research that revealed the group accumulated at least $107 million in Bitcoin ransom payments since early 2022. Most of the victims are in the manufacturing, engineering and construction, and retail sectors. ” reads the CSA. The average ransom payment was $1.2
Belden, the manufacturer of networking and cable products, disclosed a data breach, threat actors have stolen employee and business information. The company said the breach did not impact operations at manufacturing plants, quality control or shipping, it added that attackers only had access to a “limited number” of company servers.
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. The campaign was observed between July and August, threat actors used the phishing kit ‘ EvilProxy.’
The malicious installer was used to infect organizations in multiple sectors, including the industrial, healthcare, technology, manufacturing, insurance and telecommunications sectors in North America and Europe. The attack took place from at least September 27, 2022 through the morning of September 29, 2022.
.” PIONEER KITTEN hackers to date have focused their attacks against entities in North American and Israeli, while targeted sectors include technology, government, defense, healthcare, aviation, media, academic, engineering, consulting and professional services, chemical, manufacturing, financial services, insurance, and retail. .
A joint research by Elliptic and Corvus Insurance revealed that the group accumulated at least $107 million in Bitcoin ransom payments since early 2022. ” Most of the victims are in the manufacturing, engineering and construction, and retail sectors. The average ransom payment was $1.2 61,9% of the victims are in the US, 15.8%
It manufactures products for locomotives, freight cars and passenger transit vehicles, and builds new locomotives up to 6,000 horsepower. rail and locomotive company Wabtec Corporation disclosed a data breach after it was hit with Lockbit ransomware attack. The company employs approximately 25,000 people and has 50 plants all over the world.
ZeroSevenGroup extracted a huge quantity of information from Toyota’s environments, including network information and credentials, “We have hacked a branch in United States to one of the biggest automotive manufacturer in the world (TOYOTA). We are really glad to share the files with you here for free.
BlackCat/ALPHV ransomware gang has been active since November 2021, the list of its victims is long and includes industrial explosives manufacturer SOLAR INDUSTRIES INDIA , the US defense contractor NJVC , gas pipeline Creos Luxembourg S.A. , the fashion giant Moncler , the Swissport , NCR , and Western Digital.
In the video, the REvil representative stated that the most desirable targets for the group were agriculture companies, manufacturers, insurance firms, and law firms. The REvil actor claimed that on average roughly one in three of its victims agrees to pay an extortion fee.
According to Parametrix , an insurance company specialising in Cloud outages, cyber insurance policies likely cover up to 10–20% of losses only. To find out more about what we can learn from the event, and protect ourselves from ‘Strike 2’, we talked to our informationsecurity manager, Adam Seamons. of its share price.
Other top 4 targeted industries include Manufacturing, Insurance, Technology, and Financial Services seeing 15%, 9%, 7%, and 6% of the campaign traffic respectively.” Experts warn that the Energy sector was a major focus of this campaign, followed by manufacturing, and insurance. ” continues the report.
Cybernews research team discovered that two Suzuki-authorized dealer websites were leaking customers’ sensitive information. Suzuki or otherwise, buying a new vehicle is an intense experience with complicated credit, insurance, documentation, and contracts. Rarely do car manufacturers sell their cars directly.
According to the notice published on the website of the OAG on August 07, 2023, exposed personal information includes names, addresses, social securityinformation, health information, and health insuranceinformation. The Dallas City Council has approved a budget of $8.5
US agencies warn that groups employed DarkSide ransomware in attacks aimed at organizations across various Critical Infrastructure sectors, including manufacturing, legal, insurance, healthcare, and energy. “Our goal is to make money, and not creating problems for society,” reads a statement from the group.
As a vertically integrated company, Luxottica designs, manufactures, distributes and retails its eyewear brands, including LensCrafters, Sunglass Hut, Apex by Sunglass Hut, Pearle Vision, Target Optical, Eyemed vision care plan, and Glasses.com. For some patients, exposed information included credit card numbers and social security numbers.
Optum Solutions is a subsidiary of UnitedHealth Group, a leading health insurance company in the United States. “On February 21, 2024, UnitedHealth Group (the “Company”) identified a suspected nation-state associated cyber security threat actor had gained access to some of the Change Healthcare information technology systems.
Prometei has been observed to be active in systems across a variety of industries, including: Finance, Insurance, Retail, Manufacturing, Utilities, Travel, and Construction.” . “The victimology is quite random and opportunistic rather than highly targeted, which makes it even more dangerous and widespread.
Compromised organizations operate in different business verticals, including manufacturing, wealth management, insurance providers, and pharmaceuticals. The researchers noticed that the path contains the same mutex name as the Babuk ransomware, a circumstance that suggests the malware borrows Babuk’s leaked source code.
Over the course of his 20+ years of IT and Security, Ross has served in a variety of operations and infosec roles for companies in the manufacturing, healthcare, real estate, business insurance, and technology sectors. He holds (ISC)2’s SSCP along with CompTIA’s Pentest+ and Security+ certifications, a B.S.
ICICI Bank’s response Threat to financial accounts Finance and insurance are one of the most targeted industries by cybercriminals. Last year, with a total share of 18% of all cyberattacks, it was the second most targeted industry, following manufacturing.
On October 8, 2014, the Department of Homeland Security reported that over the course of several months, the network of a large critical manufacturing company was compromised. The incident raises some issues for cyber insurance.
We talk to Bruce McDonnell of the East West Institute about how insurers are responding. Related Stories Episode 155: Disinformation is a Cyber Weapon and APTs warm to Mobile Malware Podcast Episode 117: Insurance Industry Confronts Silent Cyber Risk, Converged Threats NotPetya Horror Story Highlights Need for Holistic Security.
Hunton & Williams Insurance Litigation & Counseling partner Lon Berk reports: The recently publicized Secure Sockets Layer (“SSL”) bug affecting Apple Inc. products raises a question regarding insurance coverage that is likely to become increasingly relevant as “The Internet of Things” expands.
For life sciences and pharmaceutical companies, this includes data on the development and testing of new therapies and details of how therapies are manufactured. Last year, private healthcare giant BUPA suffered a breach affecting 108,000 health insurance policies when a rogue employee copied and removed information from the organisation.
In the midst of all this, organisations across Europe have reported delays as a result of alleged state-sponsored attacks – including Toyota’s Japanese plants and a kettle manufacturer in the Isle of Man.
Source (New) Transport USA Yes 3,815 Okta Source 1 ; source 2 (Update) Cyber security USA Yes 3,800 Shah Dixit & Associates, P.C. Source (New) Finance USA Yes 3,494 Woodruff Sawyer Source (New) Insurance USA Yes 3,087 Blackburn College Source (New) Education USA Yes 3,039 CAIRE Inc. Organisation(s) Sector Location Data breached?
D-Link Corporation Provides Details about an Information Disclosure Security Incident Date of breach: 2 October 2023. Breached organisation: D-Link Corporation, Taiwanese networking equipment manufacturer. Casio Issues Apology and Notice Concerning Personal Information Leak Date of breach: 11 October 2023.
IT Governance is dedicated to helping organisations tackle the threat of cyber crime and other informationsecurity weaknesses. It follows a mammoth start to the year, with more than 277 million breached records in January , and brings the running total for the year to over 300 million pieces of compromised personal data.
Of the businesses surveyed, those in the finance and insurance industries had the highest levels of awareness (79%), followed by information and communications (67%) and education (52%). The industries with the least awareness were construction (25%) and production and manufacturing (27%). Are your staff aware of the GDPR?
The National Highway Safety Administration (“NHTSA”) recently issued non-binding guidance that outlines best practices for automobile manufacturers to address automobile cybersecurity. According to the NHTSA, the Cybersecurity Guidance is “non-binding guidance” that contains “voluntary best practices” to improve motor vehicle cybersecurity.
This is a reminder for the automobile industry – and its supporting industries and insurers – to ensure a robust compliance framework to protect that data, and to reconsider processing of such data outside of China.
To be counted as “key information infrastructure,” however, the infrastructure must still meet the criterion that severe endangerment of national security, the national economy and the people’s livelihood and the public interest would result if the infrastructure suffers destruction, loss of functionality or leakage of data.
combinations Enables automated response to quickly and effectively contain threats based upon policy from moderate (move to guest network, assign to self-remediation VLAN, apply OS updates/patches, etc.) to stringent (quarantine assets, turn off switch port, block access, disable network card, etc.)
The Riskonnect GRC platform has specific use cases for risk management, informationsecurity, compliance, and audit professionals in healthcare, retail, insurance, financial services, and manufacturing. Insurance & claims management. See our in-depth look at LogicManager. Riskonnect. Back to top. Back to top.
This definition of “creditor” may encompass any “invoice billing” arrangements, including those often utilized by law firms, doctors, manufacturers, utility companies and myriad other businesses that do not require immediate payment for their products or services.
The Riskonnect GRC platform has specific use cases for risk management, informationsecurity, compliance, and audit professionals in healthcare, retail, insurance, financial services, and manufacturing. Insurance & claims management. See our in-depth look at LogicManager. Riskonnect. Back to top. Back to top.
Regulators, industry experts, and researchers provided insight into health privacy and security enforcement trends, emerging threats, and new tools at a recent conference focused on the Health Insurance Portability and Accountability (HIPAA) regulatory framework.
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