Thales Cloud Protection & Licensing

JULY 4, 2022

How Cybersecurity Insurance Can Work To Help An Organization. In the last 20+ years, cybersecurity insurance has added risk transference to the available palette of palliative choices. I recently spoke with Neira Jones and Danna Bethlehem about how cybersecurity insurance can work to help an organization. regulations.

Insurance 71

Insurance Cybersecurity Cleanup Ransomware 71

IG Guru

MAY 21, 2021

“The word to get out today is that, regarding ransomware, we don’t pay and we won’t pay,” cybercrime prosecutor Johanna Brousse said at the hearing. The post Insurer AXA to Stop Paying for Ransomware Crime Payments in France via Insurance Journal appeared first on IG GURU. Only the U.S. Only the U.S.

Insurance 53

Insurance Ransomware Government Cybersecurity 53

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. With cyber attacks amounting to a question of when and not if, cyber insurance becomes crucial for ensuring business continuity and mitigating the business impact of attacks – should they occur. Tue, 05/10/2022 - 05:43.

Insurance 77

Insurance Authentication Risk Ransomware 77

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.

Insurance 222

Insurance Data breaches Cybersecurity Risk 222

Security Affairs

NOVEMBER 8, 2023

Five Canadian hospitals were victims of a ransomware attack, threat actors claim to have stolen data from them and leaked them. Five Canadian hospitals revealed they were victims of ransomware attacks after threat actors leaked alleged stolen data. TransForm is a non-profit group that provides IT services to the above hospitals.

Ransomware 133

Ransomware Insurance Access Phishing 133

Security Affairs

JUNE 2, 2023

After the recent ransomware attack, Point32Health disclosed a data breach that impacted 2.5 In April, the non-profit health insurer Point32Health took systems offline in response to a ransomware attack that took place on April 17. ” As of the time of writing, no ransomware group has taken responsibility for the attack. .”

Ransomware 97

Ransomware Insurance Data breaches Cybersecurity 97

Data Protection Report

JANUARY 30, 2023

Late December and early January tend to be a busy time for everyone, so you may have missed a privacy update or two during that time. 3. Does an insurance policy that covers direct physical loss or damage to media cover the situation where ransomware renders downloaded software useless because it could not be decrypted?

Privacy 115

Privacy Cybersecurity Personal data Insurance 115

eSecurity Planet

OCTOBER 18, 2021

A lawsuit working its way through the courts could have a lot to say about the liabilities facing organizations that have been hit by ransomware attacks – and could have implications for cybersecurity preparation and regulation in general. Hospital’s Operations Hit by Ransomware. ” Cyber Insurance No Longer Reliable.

Ransomware 104

Ransomware Insurance Digital transformation Cybersecurity 104

Hunton Privacy

NOVEMBER 13, 2023

On April 22, 2019, HHS began investigating DMS after receiving a breach notification indicating that DMS’ network server was infected by the Gandcrab ransomware in April 2017. DMS did not detect the attack until after the ransomware was used to encrypt its files in December 2018.

Ransomware 72

Ransomware Risk Insurance Encryption 72

eSecurity Planet

OCTOBER 5, 2021

Malware has been around for nearly 40 years, longer even than the World Wide Web, but ransomware is a different kind of threat, capable of crippling a company and damaging or destroying its critical data. Ransomware Protection and Recovery Steps. Ransomware removal tools. Ransomware recovery services. Data backup.

Ransomware 139

Ransomware Encryption Cybersecurity Insurance 139

IT Governance

DECEMBER 11, 2023

suffers second ransomware attack in months Having been struck by a ransomware attack in October by the BlackSuit group , which led to operations and appointments being postponed, Akumin Inc. has suffered a second attack, this time by the BianLian ransomware group. Data breached: more than 59 million data records. Akumin Inc.

Data Privacy 89

Data Privacy Energy and Utilities Privacy Manufacturing 89

DLA Piper Privacy Matters

MARCH 27, 2023

LOPMI introduces amendments to the insurability of losses and damages paid in response to cyber-attacks, including in relation to ransom payments – requiring that the payment of insurance compensation be conditional on the filing of a complaint, within a 72 hour time frame, to competent authorities.

Insurance 52

Insurance Risk Ransomware Cybersecurity 52

Hunton Privacy

NOVEMBER 15, 2023

The Australian legislature increased maximum penalties for ‘serious’ contraventions of the Privacy Act with effect from December 2022 to at least A$50 million. If made out, this would be a breach of Australian Privacy Principle 11.1. However, the maximum penalty available in this case will be A$2.2 Class actions.

Data breaches 128

Data breaches Privacy Risk Information Security 128

Data Matters

FEBRUARY 10, 2021

2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. According to NYDFS, the incorporation of these practices should be proportionate to each insurer’s size, resources, geographic distribution, and other factors. Background.

Insurance 77

Insurance Financial Services Cybersecurity Risk 77

Data Protection Report

DECEMBER 8, 2022

Norton Rose Fulbright Canada’s cyber litigation team recently obtained an order in favour of an insurer, granting it relief from forfeiture in respect of more than 11 bitcoins from the assets seized from a prolific ransomware gang. [1] Insurers excluded from restitution order.

Ransomware 98

Ransomware Insurance IT Data breaches 98

IT Governance

NOVEMBER 13, 2023

On 14 September, Mulkay discovered that the compromised files contained personal information, including “name, address, date of birth, Social Security number, driver’s license number or state ID, medical treatment information, and health insurance information”. Records breached: 79,582 Ontario hospitals update: information relating to 5.6

Data Privacy 67

Data Privacy Privacy Security Data breaches 67

IT Governance

DECEMBER 5, 2023

The company’s description of the incident suggested ransomware. This was confirmed about a fortnight later, in early November, when the ALPHV/BlackCat ransomware group took responsibility for the attack , claiming to have encrypted Henry Schein’s files and exfiltrated 35 TB of data. Data breached: over 300 million records.

Data Privacy 92

Data Privacy Privacy Manufacturing Retail 92

IT Governance

OCTOBER 24, 2023

Another small firm suffers a serious ransomware attack: Cadre Services gets mauled by AlphV Date of breach: 19 September 2013 (AlphV uploaded first part of data to its website on 19 October 2023). American Family Insurance confirms cyberattack is behind IT outages Date of breach: 14 or 15 October 2023. Records breached: Unknown.

Data Privacy 96

Data Privacy Privacy Security Data breaches 96

IT Governance

FEBRUARY 6, 2024

Schneider Electric hit by Cactus ransomware The Sustainability Business division of the energy company Schneider Electric suffered a ransomware attack on 17 January, disrupting the company’s Resource Advisor platform. Data breached: 13,300,000 records.

Data Privacy 71

Data Privacy Privacy Insurance Security 71

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

The Pain of Double Extortion Ransomware divya Thu, 02/16/2023 - 06:10 Ransomware perpetrators are adopting more sophisticated attack techniques with much success. Ransomware attacks have become much more dangerous and have evolved beyond basic security defenses and business continuity techniques like next-gen antivirus and backups.

Ransomware 71

Ransomware Encryption Security awareness Security 71

Hunton Privacy

FEBRUARY 25, 2021

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. sought coverage for expenses under its property insurance policy.

Insurance 70

Insurance Cybersecurity Risk Education 70

Security Affairs

FEBRUARY 8, 2024

Ransomware Attacks: In 2023, a whopping 72.7% of organizations faced ransomware. Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Privacy Compliance: By 2024, 40% of privacy tools will rely on AI, highlighting its expanding role in ensuring data privacy and meeting regulations.

Security 139

Security Phishing IoT Ransomware 139

Security Affairs

NOVEMBER 10, 2023

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. ” In early October, 2023, the ALPHV/BlackCat ransomware gang added McLaren Health Care to the list of victims on its Tor leak site.

Data breaches 130

Data breaches Ransomware Insurance Manufacturing 130

IT Governance

NOVEMBER 6, 2023

When MOVEit was hacked by the Russian Cl0p ransomware gang in May, email addresses and links to government employee surveys were compromised. Compromised information included patients’ names, dates of birth, postal addresses, Social Security numbers, diagnosis and treatment information, and health insurance information.

Data Privacy 78

Data Privacy Privacy Security Libraries 78

Security Affairs

OCTOBER 20, 2024

CISA adds Veeam Backup and Replication flaw to its Known Exploited Vulnerabilities catalog North Korea-linked APT37 exploited IE zero-day in a recent attack Omni Family Health data breach impacts 468,344 individuals Iran-linked actors target critical infrastructure organizations macOS HM Surf flaw in TCC allows bypass Safari privacy settings Two Sudanese (..)

Security 96

Security Data breaches Ransomware Cybersecurity 96

IT Governance

APRIL 9, 2024

Other databases contained health insurance data, such as patents’ names, dates of birth, addresses and medical data. EyeCare Services Partners exposes more 3.5 The biggest database in the blob contained 3.1 million patients and 1.6 million unique Social Security numbers. Source (New) Manufacturing USA Yes 1.1

Data Privacy 52

Data Privacy Privacy Security Manufacturing 52

Security Affairs

JANUARY 7, 2024

Experts spotted a new macOS Backdoor named SpectralBlur linked to North Korea Merck settles with insurers regarding a $1.4

Artificial Intelligence 115

Artificial Intelligence Data breaches Security Ransomware 115

IT Governance

AUGUST 3, 2020

Canadian insurer Heartland Farm Mutual says an employee’s email account breached (unknown). Brazilian health insurer Hapvida discloses cyber attack (unknown). Data breach as GEDmatch has privacy experts worried (1.4 Ransomware. CNY Works jobseekers Social Security numbers exposed in suspected ransomware attack (56,000).

Data breaches 141

Data breaches Insurance Ransomware Personal data 141

The Last Watchdog

APRIL 30, 2019

Related: How NIST protocols fit SMBs The essence of the NIST CSF is showing up in the privacy regulations now being enforced in Europe, as well as in a number of U.S. and the upcoming NIST Privacy Framework. That could be for insurance purposes. “As As with any insurance, cyber insurance really requires due care.”

Cybersecurity 173

Cybersecurity Insurance Security Privacy 173

IT Governance

JUNE 1, 2021

For the second month in a row, ransomware has dominated our list of data breaches and cyber attacks. Of the 128 publicly disclosed incidents that we discovered in May, more than 40% of them were ransomware attacks. Ransomware. Ransomware. Cyber attacks. Data breaches. Financial information. In other news…. Cyber attacks.

Data breaches 123

Data breaches Ransomware Insurance Energy and Utilities 123

IT Governance

MARCH 11, 2024

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. million last year, roughly a quarter of which was the due to the ransomware attack it suffered in March 2023. The consultation closes on 17 April. of the Standard.

Data Privacy 70

Data Privacy Privacy Security Data breaches 70

IT Governance

SEPTEMBER 6, 2023

You can find the full list below, divided into four categories: cyber attacks, ransomware, data breaches, and malicious insiders and miscellaneous incidents. IT Governance found 73 publicly disclosed security incidents in August 2023, accounting for 79,729,271 breached records.

Data breaches 97

Data breaches Ransomware Insurance Privacy 97

Hunton Privacy

SEPTEMBER 22, 2021

Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) issued an Updated Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments (the “Updated Advisory”) on the sanctions risks associated with facilitating ransomware payments. As a result, companies subject to U.S. jurisdiction are blocked, and U.S.

Ransomware 101

Ransomware Risk Compliance Insurance 101

Hunton Privacy

JULY 1, 2022

(“Carnival”), the world’s largest cruise-ship operator, for violations of the Cybersecurity Regulation (23 NYCRR Part 500) in connection with four cybersecurity events between 2019 and 2021, including two ransomware events. .

Cybersecurity 115

Cybersecurity Insurance Phishing Financial Services 115

The Last Watchdog

OCTOBER 5, 2023

Editor’s note: I recently had the chance to participate in a discussion about the overall state of privacy and cybersecurity with Erin Kapczynski, OneRep’s senior vice president of B2B marketing. OneRep provides a consumer service that scrubs your personal information from Google and dozens of privacy-breaching websites.

Cybersecurity 203

Cybersecurity Privacy Cloud IoT 203

IT Governance

DECEMBER 19, 2023

8 TB of data exfiltrated from Advantage Group International Following an outage affecting its leak site (see the ‘Enforcement’ section below), the ALPHV/BlackCat ransomware group is listing only a single incident: a data breach affecting the business management consultant Advantage Group International.

Data Privacy 52

Data Privacy Manufacturing Privacy Energy and Utilities 52

IT Governance

FEBRUARY 21, 2024

ALPHV/BlackCat ransomware gang adds 2.7 TB of ASA Electronics data to its leak site The ALPHV/BlackCat ransomware gang is attempting to extort a ransom from ASA Electronics for 2.7 Welfare Benefits Plan Source 1 ; source 2 New Healthcare USA Yes 13,079 Insurance ACE/Humana Inc. Date breached: 384,658,212 records.

Data Privacy 52

Data Privacy Manufacturing Privacy Energy and Utilities 52