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HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost

Security Affairs

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
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First American Financial Corp. Leaked Hundreds of Millions of Title Insurance Records

Krebs on Security

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.

Insurance 279
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Group-IB presents its annual report on global threats to stability in cyberspace

Security Affairs

Group-IB’s annual report was presented at CyberCrimeCon 2019 international Threat Hunting and Intelligence conference in Singapore. The threat actor mainly targets insurance, consulting, and construction companies. In total, 38 different state-sponsored threat actors were active throughout review period, including seven new ones.

IT 308
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Navigating the Complexities of Cyber Insurance

Data Breach Today

"Insurance is a tool," said Libby Benet, the global chief underwriting officer for AXA XL. When you buy an insurance policy, you are buying a network of professional crisis managers." In this episode of "Cybersecurity Insights," Benet discussed present and future cybersecurity insurance issues.

Insurance 147
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Is the INC ransomware gang behind the attack on McLaren hospitals?

Security Affairs

As part of an ongoing investigation, McLaren undertook a thorough review of the potentially impacted files to determine whether any sensitive information was present. Following the cyber attack, McLaren Health Care launched an investigation into the incident. reads the notice of data breach sent to the Maine Attorney General.

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Data from Airlink International UAE leaked on multiple dark web forums

Security Affairs

“The files present accommodation reservations, airline tickets and other logistics services that the company provides on a global scale. The data leak is the result of a misconfigured server containing 60 directories with approximately 5,000 files each. ” reported the media.

Insurance 362
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On Cybersecurity Insurance

Schneier on Security

Good paper on cybersecurity insurance: both the history and the promise for the future. From the conclusion: Policy makers have long held high hopes for cyber insurance as a tool for improving security. Cyber insurance appears to be a weak form of governance at present.