Security Affairs

SEPTEMBER 29, 2020

Gallagher (AJG) insurance giant disclosed a ransomware attack, the security breach took place on Saturday. Gallagher (AJG) global insurance brokerage firm confirmed that it was his with a ransomware attack on Saturday, September 26. Gallagher (AJG) insurance giant discloses ransomware attack appeared first on Security Affairs.

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Insurance Ransomware Data breaches Cybersecurity 363

Security Affairs

MARCH 12, 2024

The Postal Police has issued an alert to warn citizens against insurance scams using QR codes. In practice, fake insurance operators contact victims through calls, messages, or sponsorships on social networks, offering policies at advantageous prices. Online companies do not use generic domains or channels such as WhatsApp or Telegram.

Insurance 341

Insurance Education Personal data Sales 341

Data Breach Today

JANUARY 11, 2024

s proposed settlement with insurers over a $1.4 billion claim related to the NotPetya attack will change the language the insurance industry uses to exclude acts of war in its policies, and organizations need to consider how those changes affect risk, said attorney Peter Halprin. Merck & Co.'s

Insurance 318

Insurance Risk IT 318

Data Breach Today

AUGUST 27, 2024

Young Consulting Says Health Data Exposed; Ransomware Group Leaked Stolen Data Young Consulting, which develops software for the stop-loss insurance market, is notifying 1 million individuals that their personal information was stolen earlier this year in a hack attack.

Insurance 305

Insurance Ransomware Marketing 305

Data Breach Today

MARCH 18, 2021

Alleges Vendor Failed to Comply With Business Associate Agreement As the list of healthcare sector entities affected by the recent hacking of Accellion's File Transfer Appliance platform continues to grow, the technology vendor faces a lawsuit filed by one of its affected clients, health insurer Centene Corp.

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Insurance IT 334

Data Breach Today

JULY 29, 2021

Key Factors: Negotiating Lower Ransoms, Improving Recovery Cyber insurance provider Coalition Inc. says its clients' average claims for losses when they were hit by a ransomware attack totaled $184,000 in the first half of this year, down 45% compared to the second half of 2020.

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Insurance Ransomware IT 331

Data Breach Today

SEPTEMBER 19, 2024

As threat actors continue to evolve their attacks to circumvent security measures, cyber insurers are raising the bar for prospective healthcare security clients. Underwriters are increasing their scrutiny and adding new coverage requirements, said Chris Henderson of cybersecurity company Huntress.

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Insurance Cybersecurity Security 278

Krebs on Security

MAY 16, 2020

A well-organized Nigerian crime ring is exploiting the COVID-19 crisis by committing large-scale fraud against multiple state unemployment insurance programs, with potential losses in the hundreds of millions of dollars, according to a new alert issued by the U.S. Secret Service.

Insurance 363

Insurance Government Security IT 363

Data Breach Today

MARCH 10, 2024

Committee Chairs Accuses UK of Favoring an 'Ostrich Strategy' For Ransomware The Conservative government of British Prime Minister Rishi Sunak says it won't champion a reinsurance plan for cyber insurance similar to flood insurance, telling a parliamentary committee it doesn't want to "damage competition."

Insurance 289

Insurance Ransomware Government IT 289

Data Breach Today

SEPTEMBER 7, 2023

Also, Google Fitbit Faces Privacy Complaints From Schrems This week, the Swedish DPA fined an insurer $3 million for violating GDPR, a DDoS attack disrupted a German financial agency website, Google Fitbit faced privacy complaints from Schrems, Ragnar Locker published hacked hospital data, and Seville, Spain dealt with the aftermath of a ransomware (..)

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Insurance GDPR Privacy Ransomware 311

Data Breach Today

APRIL 15, 2022

Declining Loss Ratios Means Insurance Premium Increases Might Moderate in Late 2022 A surprising improvement in loss ratios for cyber insurance providers in 2021 means the rapid rise in premiums might at last subside later this year.

Insurance 286

Insurance 286

Data Breach Today

NOVEMBER 16, 2023

Plaintiffs Say UnitedHealthcare Algorithm Rejects Coverage for Elderly Patients The estates of two deceased UnitedHealthcare Medicare Advantage policyholders allege in a proposed federal class action lawsuit filed this week that the insurance giant is using an AI tool to illegally deny necessary coverage for post-acute care, such as skilled nursing, (..)

Insurance 289

Insurance 289

Data Breach Today

FEBRUARY 22, 2023

Hackers Demand Info on Victim's Cyber Insurance Policy to Negotiate Ransom Demand The newly relaunched HardBit 2.0 ransomware group is now demanding victims disclose details of their cyber insurance coverage before negotiating a ransom demand.

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Insurance Ransomware 267

Data Breach Today

MARCH 14, 2025

Texas Incident is Largest Breach Reported by a Health Plan So Far in 2025 A Texas-based insurance firm is notifying more than 335,500 people of a December hack involving their sensitive personal and health information.

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Insurance 213

Security Affairs

JANUARY 26, 2025

” 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. The final figure represents well over half of the U.S. population.”

Data breaches 319

Data breaches Insurance Ransomware Cybersecurity 319

Data Breach Today

JANUARY 29, 2024

California Firm Said August Attack Affected Clients' Data A California insurance broker that handles employee benefits, workers' compensation and property liability is notifying more than 1.5

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Insurance Ransomware Security 263

Security Affairs

APRIL 23, 2023

Non-profit health insurer Point32Health suffered a ransomware attack and has taken systems offline in response to the incident. Non-profit health insurer Point32Health has taken systems offline in response to a ransomware attack that took place on April 17. ” reads the statement published by the insurer.

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Insurance Ransomware Cybersecurity Education 246

Data Breach Today

JULY 31, 2023

RUSI Study Finds 'No Smoking Gun' Suggesting Insureds Pay Extortion More Readily Fears that cyber insurance coverage drives companies into paying ransomware demands more easily than not appear unfounded, concludes a British think tank study that also suggests insurers should do more to enact corporate discipline.

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Insurance Ransomware 246

Data Breach Today

MARCH 9, 2023

Target Does Not Appear to Have Deliberately Targeted Members of Congress A hacker has been selling data stolen from an online health insurance marketplace used by members of Congress and residents of Washington, D.C. The cause size and scope of the breach are still unknown.

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Insurance Marketing 277

Data Breach Today

NOVEMBER 8, 2022

Who is attempting to extort Australian health insurer Medibank, why did Medibank tell its attackers it wouldn't pay a ransom and will this deter future cyber extortionists? A Ransomware Group Has Given Medibank 24 Hours to Pay. But Medibank Says it Won't. Here are a few thoughts on the high cybercrime drama playing out.

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Insurance Ransomware IT 261

Data Breach Today

AUGUST 25, 2023

Also: Global Privacy Trends; Tornado Cash Founders Charged In the latest weekly update, ISMG editors discuss the shifting dynamics of cyber insurance, why APAC is approaching privacy regulations around emerging technologies, and how U.S. authorities charged the co-founders of cryptocurrency mixer Tornado Cash with money laundering.

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Insurance Privacy 246

Data Breach Today

OCTOBER 17, 2022

Apparent Spate of Australian Data Breaches Continues Australian health insurer Medibank told investors it stopped a probable ransomware attack before the attack could steal data or maliciously encrypt its systems.

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Insurance Ransomware Data breaches Encryption 246

Data Breach Today

JULY 29, 2024

billion in payouts to cyber insurance policyholders, although the nonstandardized language used for such policies will make determining final losses a "lengthy process," analysts say.

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Insurance IT 227

Security Affairs

FEBRUARY 21, 2023

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. For those who have cyber insurance against ransomware attacks. But since the sneaky insurance agent purposely negotiates so as not to pay for the insurance claim, only the insurance company wins in this situation.

Insurance 246

Insurance Ransomware Encryption IT 246

Data Breach Today

MAY 27, 2023

More than 100 Agencies, Health Entities Impacted by Data Breach Discovered in March An insurance provider that services many state Medicaid agencies and the Children's Health Insurance Program told regulators that hackers compromised the personal and protected health information of nearly 9 million patients in an incident discovered in March.

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Insurance Data breaches 223

AIIM

NOVEMBER 14, 2024

Particularly useful in the printing, financial services, banking, insurance and healthcare industries, these solutions automate traditionally manual and time-consuming document tasks, drastically reducing onboarding times and errors.

Financial Services 211

Financial Services Insurance Artificial Intelligence 211

Security Affairs

OCTOBER 25, 2024

According to the Associated Press, UnitedHealth booked $1.1 billion in total costs from the cyberattack in the second quarter. In early March, the Alphv/BlackCat ransomware gang claimed responsibility for the attack and added the company to its Tor leak site.

Data breaches 319

Data breaches Ransomware Insurance Cybersecurity 319

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

DECEMBER 16, 2024

. “While ConnectOnCall is not aware of any misuse of personal information or harm to patients as a result of this incident, potentially impacted individuals are encouraged to remain vigilant and report any suspected identity theft or fraud to your health plan or insurer, or financial institution.”

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Data breaches Communications Insurance Cybersecurity 268

Security Affairs

DECEMBER 4, 2024

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. reads the CSA. According to the experts, the ransomware gang has infected over 329 victims, including ABB , Capita , Dish Network , and Rheinmetall.

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Ransomware Blockchain Insurance Data breaches 311

Security Affairs

FEBRUARY 6, 2021

” WestRock confirmed that it has cyber insurance business interruption insurance. The Company maintains a variety of insurance policies, including cyber insurance and business interruption insurance. WestRock is also working with its vendors so they are informed, and supply chains remain operational.”

Ransomware 363

Ransomware Insurance Communications Security 363

Collaboration 2.0

MARCH 4, 2025

If you're concerned about AI using your data or negatively impacting your privacy, here are a few tips you can use to insure against such an invasion.

Privacy 310

Privacy Insurance 310

Security Affairs

MAY 19, 2024

According to the notice published by the company, WebTPA acts as an administrative services provider to certain benefit plans and insurance companies whose information was impacted in this incident. ” WebTPA promptly notified benefit plans and insurance companies about the incident and the potential exposure of personal information.

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Data breaches Insurance Cybersecurity Security 342

Security Affairs

JANUARY 9, 2025

Additionally, we implemented enhanced security measures to prevent similar incidents from occurring in the future.”

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Data breaches Insurance Ransomware Information governance 176

Data Breach Today

APRIL 22, 2024

Joe Toomey of Cyber Insurer Coalition Details Rise in Attacks Targeting Weak MFA Adversaries seeking easy access to enterprise networks continue to probe for weak multifactor authentication deployments, oftentimes via nontargeted attacks that lead to phishing pages designed to steal one-time codes, said Joe Toomey, head of security engineering at cyber (..)

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Authentication Insurance Phishing Access 298

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

Data Breach Today

OCTOBER 19, 2022

Australian Insurance Firm 'Working Urgently' to Verify Theft Claim Australian health insurer Medibank says it received a ransomware demand from hackers asserting to have stolen data during a cybersecurity incident the company detected on Oct.

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Insurance Ransomware Cybersecurity IT 319