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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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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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. Chamber of Commerce. Rhode Island is even worse off, with 31.4

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Insurance Government Security IT 363

Data Breach Today

MAY 17, 2021

Avaddon Ransomware Gang Claims Responsibility Asia Assistance, a subsidiary of Paris-based multinational insurance company AXA, was hit by a ransomware attack that affected its IT operations in Thailand, Malaysia, Hong Kong and the Philippines, the company reports.

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Data Breach Today

NOVEMBER 7, 2018

Privacy Breach Claims Are Rising, Says Thomas Clayton of Zurich Insurance Although the EU's General Data Protection Regulation only went into full effect on May 25, its mandatory privacy breach notifications are already having an effect on the cyber insurance marketplace, says Thomas Clayton of Zurich Insurance.

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Data Breach Today

MAY 25, 2021

based insurance firm One Call says its systems were disrupted by a ransomware attack May 13 and it's still working to restore them. Local Newspaper Says DarkSide Gang Suspected to Be Involved The U.K.-based A local newspaper, citing unnamed sources, says the DarkSide gang is suspected of being involved.

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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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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

DECEMBER 8, 2020

Expect to See Extortion and Social Engineering Attacks Excluded From More Policies Are insurers getting cold feet over covering losses to ransomware? With claims due to ransomware skyrocketing, some insurers have reportedly been revising offerings to make it tougher for companies claim for some types of cybercrime, including extortion.

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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

Krebs on Security

MAY 24, 2019

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. First American Financial Corp. Image: Linkedin. Santa Ana, Calif.-based billion in 2018.

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The Last Watchdog

JANUARY 20, 2020

To help mitigate the risk of financial losses, more companies are turning to cyber insurance. Related: Bots attack business logic Cyber insurance, like other forms of business insurance, is a way for companies to transfer some of numerous potential liability hits associated specifically with IT infrastructure and IT activities.

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The Last Watchdog

JULY 27, 2023

New York, NY, July 27, 2023 – QBE North America today announced the launch of a cyber insurance program with new MGA, Converge, acting as program administrator. Tom Kang, CEO, Converge, added, “We’re thrilled to partner with QBE North America given their experience and reputation in the cyber insurance market.

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Insurance Risk Retail Marketing 188

Krebs on Security

NOVEMBER 19, 2021

Ken Otsuka is a senior risk consultant at CUNA Mutual Group , an insurance company that provides financial services to credit unions. Naturally, a great deal of phishing schemes that precede these bank account takeovers begin with a spoofed text message from the target’s bank warning about a suspicious Zelle transfer.

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Krebs on Security

APRIL 15, 2019

Indian information technology (IT) outsourcing and consulting giant Wipro Ltd. [ NYSE:WIT ] is investigating reports that its own IT systems have been hacked and are being used to launch attacks against some of the company’s customers, multiple sources tell KrebsOnSecurity. Wipro has refused to respond to questions about the alleged incident.

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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

Data Breach Today

DECEMBER 1, 2022

Australian Information Commissioner Will Investigate Insurer's Security Practices The Russia-based ransomware gang behind the hack of Australia's largest private health insurer says it posted a full set of stolen data. The Australian Information Commissioner said it will probe the insurer's personal information handling practices.

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Insurance Ransomware Security IT 290

Data Breach Today

OCTOBER 14, 2022

Medibank Group Says No Evidence of Data Compromise Australian health insurer Medibank Group says it has found no evidence of data compromise following its Wednesday detection of unusual network activity. The company, which serves nearly 4 million Australians, restored access to its policy websites on Friday.

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Insurance Access IT 147

Security Affairs

MARCH 12, 2024

The Postal Police has issued an alert to warn citizens against insurance scams using QR codes. The Postal Police has issued an alert to warn citizens against insurance scams using QR codes. Often, scam sites have very similar names to well-known insurance companies with the same logos, images or other distinctive elements.

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Insurance Education Sales Personal data 141

Krebs on Security

DECEMBER 7, 2019

“I would recommend everyone reach out to their insurance provider,” said one dentist based in Denver. “No help from my insurance. Multiple sources affected say their IT provider, Englewood, Colo. Reached via phone Friday evening, CTS President Herb Miner declined to answer questions about the incident. ” .

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Data Breach Today

NOVEMBER 2, 2022

When A Cyberattack Is Cyberwar Still Being Litigated Five Years After NotPetya Wave Cookie and cracker giant Mondelez International settled litigation launched in 2018 against Zurich Insurance after the underwriter denied a claim for property damages stemming from the NotPetya malware wave.

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Insurance Healthcare IT 147

Data Breach Today

FEBRUARY 13, 2024

InfoSys McCamish Says Incident Involved BoA's Deferred Compensation Plan Customers Bank of America is notifying more than 57,000 customers that their information, including Social Security numbers, was potentially compromised in a hacking incident last November at Atlanta, Georgia-based insurance software firm InfoSys McCamish.

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Insurance Security IT 317

Krebs on Security

MAY 23, 2020

Secret Service warned of “massive fraud” against state unemployment insurance programs , noting that false filings from a well-organized Nigerian crime ring could end up costing the states and federal government hundreds of millions of dollars in losses. Meanwhile, a number of U.S. Last week, the U.S. ” Image: Agari.

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Insurance Government Personal data Communications 356

Data Breach Today

MARCH 7, 2023

Nick Schneider Shares How His Firm Can Help Clients Prepare for a Security Incident Arctic Wolf has expanded its security operations platform into threat intelligence, incident response and cyber insurance, says CEO Nick Schneider.

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Insurance Security IT 147

Data Breach Today

JUNE 21, 2021

SEC: Executives Left in Dark About Vulnerability in File-Sharing System Title insurance company First American Financial Corp. will pay the SEC a $488,000 penalty as a result of a data breach revealed two years ago.

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Krebs on Security

OCTOBER 1, 2020

In addition, insurance providers often help facilitate the payments because the amount demanded ends up being less than what the insurer might have to pay to cover the cost of the affected business being sidelined for days or weeks at a time. Image: Shutterstock. jurisdiction) and making it a crime to transact with them. .”

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Data Breach Today

OCTOBER 6, 2023

Cyber Insurance Expected to Cover Lost Revenue Plus $10 Million in Mitigation Costs Hotel and casino giant MGM Resorts says the recent hack attack against it has cost $110 million in lost revenue and mitigation expenses. The publicly traded company expects to recoup at least its losses and costs to date via cyber insurance.

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Data Breach Today

OCTOBER 3, 2024

Also: Prison Sentences for BEC Scammers and a West African Cybercrime Crackdown This week, AI nudify sites spread malware, BEC scammers head to prison, London man charged with hacking, and a Spanish insurance company with a breach. Also, a North Korean hacking group and a West African crackdown on online scammers.

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Insurance IT 305

Schneier on Security

MARCH 14, 2024

Some drivers may not realize that, if they turn on these features, the car companies then give information about how they drive to data brokers like LexisNexis [who then sell it to insurance companies].

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Insurance Privacy Access IT 139

Data Breach Today

JUNE 18, 2021

When seeking cyber insurance or other types of insurance policies that provide organizations coverage for certain data security incidents, it's critical to carefully consider the "war exclusions" contained in those policies, says insurance attorney Peter Halprin.

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Data Breach Today

MARCH 4, 2024

But Hospital Lobby Group Contends Funding Is 'Onerous' and 'Exceedingly' Limited Two weeks into a major cyberattack-induced outage at its Change Healthcare business, UnitedHealth Group is offering short-term financial aid to some healthcare providers whose cash flows may be running short because of the disruption in insurance payments.

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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.

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Data Breach Today

JUNE 21, 2024

The Company Will Start Notifying Individuals Affected by the Breach in Late July Change Healthcare says it has begun to notify customers whose data was compromised in the February ransomware attack that affected scores of healthcare providers, health insurance plans and other organizations.

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Data Breach Today

SEPTEMBER 25, 2023

No Word Yet on Hospital Chain's Cyber Insurance Claim, Multiple Lawsuits Pending Chicago-based CommonSpirit is still waiting to hear back on its insurance claim for an October 2022 ransomware attack, but the hospital chain said disruption of some facilities and "significantly" hampered billing and collection activities contributed to a $1.4

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Insurance Ransomware IT 273

Data Breach Today

AUGUST 11, 2020

Company Sues Its Insurer for Failure to Pay for Damages High-speed trading firm Virtu Financial says it lost $6.9 The company is now suing its insurer for failure to cover the loss. million in a business email compromise scam in May.

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Insurance IT 254

Krebs on Security

JANUARY 29, 2021

The unprecedented volume of unemployment insurance fraud witnessed in 2020 hasn’t abated, although news coverage of the issue has largely been pushed off the front pages by other events. Another 17 percent of claims — nearly $20 billion more – are suspected fraud. In a notice posted Jan. 28 , the U.S.

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Insurance Personal data Authentication IT 340

Data Breach Today

AUGUST 21, 2020

Cyber Insurance Covered a Portion of the $457,000 Expense The University of Utah paid a $457,000 ransom to stop a hacker from disclosing data stolen in a July ransomware attack on the network of its College of Social and Behavioral Science.

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