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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.
Financial, Manufacturing, Healthcare and Insurance Firms Victimized The operators behind the Valak malware strain have expanded their malicious campaigns to other parts of the world, targeting financial, manufacturing, healthcare and insurance firms, according to Cisco Talos.
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.
Nexperia is a semiconductor manufacturer headquartered in Nijmegen, the Netherlands. The Dark Angels (Dunghill) ransomware group claims responsibility for hacking chipmaker Nexperia and stealing 1 TB of the company’s data. It is a subsidiary of the partially state-owned Chinese company Wingtech Technology. pst files - 1.5
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. ” 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.”
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.
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
The phishing attacks were aimed at senior executives across various industries, primarily in Banking, Financial, Insurance, Property Management and Real Estate, and Manufacturing sectors. 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.
Now the financial institution is suing its insurance provider for refusing to fully cover the losses. In its lawsuit (PDF), National Bank says it had an insurance policy with Everest National Insurance Company for two types of coverage or “riders” to protect it against cybercrime losses. million total. THE LAWSUIT.
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.
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.
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.
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. Databases and credentials exposed Suzuki Motor Corporation is the tenth largest car manufacturer worldwide, with a net worth of $17.6
The suit said those two companies then sold these scores to insurance companies. Insurance companies can use data to see how many times people exceeded a speed limit or obeyed other traffic laws. Some insurance firms ask customers if they want to voluntarily opt-in to such programs, promising lower rates for safer drivers.
London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. For the insurance industry, working with clients to help them tackle these challenges is vital to ensuring businesses operate in as safe an environment as possible.
According to the notice published on the website of the OAG on August 07, 2023, exposed personal information includes names, addresses, social security information, health information, and health insurance information. The Dallas City Council has approved a budget of $8.5 million to mitigate the ransomware attack.
Menlo Security warns that a social engineering campaign is using the EvilProxy phishing kit to target senior executives across a range of industries, including banking and financial services, insurance, property management and real estate, and manufacturing.
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. Luxottica Group S.p.A. ” On October 27th, the company began to notify affected users.
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.
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.
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.
Optum Solutions is a subsidiary of UnitedHealth Group, a leading health insurance company in the United States. A ransomware attack hit the UnitedHealth Group subsidiary Optum leading to an outage impacting the Change Healthcare payment exchange platform. We will provide updates as more information becomes available.”
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 has experience with ISO 27001 and SOC 2 Type 2 implementation and maintenance.
The government says Russian national Artur Sungatov used LockBit ransomware against victims in manufacturing, logistics, insurance and other companies throughout the United States. The DOJ today unsealed indictments against two Russian men alleged to be active members of LockBit. Ivan Gennadievich Kondratyev , a.k.a.
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.
Known records breached Up to 3,806 organisations with DICOM (Digital Imaging and Communications in Medicine) servers Source (New) Healthcare Unknown Unknown >59 million Akumin Source (New) Healthcare USA Yes 5 TB AMCO Proteins Source (New) Manufacturing USA Yes 4 TB Norton Healthcare Source (New) Healthcare USA Yes 2.5 and Robert W.
Malicious Comm100 files have been found scattered throughout North America, and across sectors including tech, healthcare, manufacturing, telecom, insurance, and others.
35 TB of data exfiltrated from Henry Schein, plus ALPHV/BlackCat re-encrypted the newly restored files As we first reported last month , the US healthcare solutions provider Henry Schein announced on 15 October that it had suffered a cyber attack that caused disruption to its manufacturing and distribution businesses.
The second campaign, called “Eqoop,” can bypass multifactor authentication and is targeting entities in the logistics, finance, petroleum, manufacturing, higher education, and research sectors. The breadth and depth of these breaches signal an alarming escalation in cyber warfare.” LegalQloud targets investment banks as a second focus.”
DataLocker honed its patented approach to manufacturing encrypted portable drives and landed some key military and government clients early on; the company has continued branching out ever since. Co-founder Jay took a business trip to South Korea in the fall of 2007. You can pop it on a thumb drive, set the password, and overnight it.
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. That the incident occurred over several months suggests that trigger dates for cyber insurance be examined.
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.
The company’s rapidly expanding customer base includes multi-national manufacturing corporations in the chemical, food, automotive and aerospace industries as well as critical infrastructure organizations, such as national maritime ports, healthcare centers, water and energy providers in multiple geographies.
The arrival of autonomous vehicles in Canada will raise a number of liability-related questions that touch on the areas of owner liability, product liability, and auto insurance. In this post, we discuss the allocation of liability in incidents involving AVs and the future of auto insurance.
Time and tide waits for no man – IoT in Insurance. This old saying could also be applied for what is happening in the insurance market with IoT and that given the drive behind IoT in both the consumer and business markets. For example, car insurance could be varied between theft and fully comprehensive when the Car is not being used.
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.
In this episode of the podcast (#117), we go deep on one of the hottest sectors around: cyber insurance. In the first segment, we talk with Thomas Harvey of the firm RMS about the problem of “silent cyber” risk to insurers and how better modeling of cyber incidents is helping to address that threat. Read the whole entry. »
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