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.

Insurance 280

Insurance Ransomware IT 280

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.

Insurance 258

Insurance Ransomware IT 258

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 303

Data Breach Today

MAY 28, 2021

Also: Debating the Issue of Banning Ransom Payments In this week's panel discussion, four editors at Information Security Media Group discuss cyber insurance, persistent ransomware attacks and whether ransom payments should be banned.

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Insurance Ransomware Information Security Security 265

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

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?

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Insurance Ransomware IT 234

Data Breach Today

SEPTEMBER 28, 2023

Also, New Malware Targets New Bitwarden Users This week: Johnson Controls suffers a ransomware attack, the Philippine state health insurance program struggles to recover from a ransomware and Air Canada reports a cyberattack.

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Ransomware Insurance 287

Data Breach Today

NOVEMBER 8, 2022

A Ransomware Group Has Given Medibank 24 Hours to Pay. 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? But Medibank Says it Won't. Here are a few thoughts on the high cybercrime drama playing out.

Insurance 257

Insurance Ransomware IT 257

Data Breach Today

APRIL 21, 2022

Lynn Peachey, the director of business development at Arete Incident Response, says that insurance companies have made "a pretty quick turnaround in terms of trying to respond to the ransomware epidemic." She discusses the changes they are making, which include leveraging data quantification.

Insurance 258

Insurance Security Ransomware 258

Schneier on Security

JULY 1, 2021

As ransomware becomes more common, I’m seeing more discussions about the ethics of paying the ransom. Here’s one more contribution to that issue: a research paper that the insurance industry is hurting more than it’s helping. However, the most pressing challenge currently facing the industry is ransomware.

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Insurance Ransomware Paper Marketing 114

Data Breach Today

MARCH 27, 2020

Maze Gang Claims Insurer Is a Victim, Emsisoft Reports Switzerland-based global insurance firm Chubb acknowledges that it's investigating a "security incident." Meanwhile, the Maze ransomware gang is claiming Chubb is its latest victim, according to researchers at the security firm Emsisoft.

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Insurance Security Ransomware IT 317

Data Breach Today

AUGUST 11, 2022

Kelly Butler Says Underwriting Requirements Are Becoming More Strict Cyber insurance can defray costs associated with data breaches and ransomware attacks.

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Insurance Data breaches Ransomware 237

Data Breach Today

MAY 24, 2021

GAO Report Summarizes Market Trends The increasing number of cyberthreats, especially ransomware attacks, is leading some cyber insurers to raise premiums and limit some coverage in hard-hit sectors, such as healthcare and education, according to a report from the Government Accountability Office.

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Insurance Education Ransomware Marketing 278

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 80

Data Breach Today

JANUARY 31, 2020

Coverage Required Because Attack Caused 'Physical Loss or Damage' A federal judge has ruled that an insurer providing a "business owner's insurance policy" to a company that sustained a ransomware attack and was forced to replace most of its IT infrastructure must pay for the damages the security incident caused.

Insurance 162

Insurance Ransomware Security IT 162

Data Breach Today

JANUARY 31, 2023

Increased Competition and Capital Suggest Softening Market, Says Marsh Executive Premiums for cyber insurance have climbed sharply along with global rates of ransomware. But signs of increased competition and capital inflows suggest the cyber insurance market may be softening, Marsh executive Sara Stephens told a U.K.

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Insurance Marketing Ransomware 130

KnowBe4

OCTOBER 17, 2023

Popular cyber insurers are claiming that cybercriminals made ransomware attacks popular again in 2023 after a slight break in 2022.

Insurance 101

Insurance Ransomware 101

Data Breach Today

NOVEMBER 10, 2022

Also: Ransomware Gang Leaks Negotiation Chat With Technical Detail About Attack The stark consequences of ransomware became painfully clear in Australia this week as attackers began releasing data from health insurer Medibank. Also, leaked chat logs reveal how the attackers accessed Medibank's systems.

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Ransomware Insurance Access 237

Data Breach Today

APRIL 4, 2024

Also: Insurer Predicts Ransomware for Cars, Offers to Cover Towing Costs This week, Omni, OWASP and MarineMax suffered cyber incidents, Ivanti disclosed flaws, Cisco gave tips to stop password-spraying attacks, a court upheld an FCC ban, India rescued citizens in Cambodia, Americans lost $1.1

Insurance 276

Insurance Passwords Ransomware 276

Security Affairs

JULY 9, 2021

Insurance giant CNA notifies customers of a data breach after the Phoenix CryptoLocker ransomware attack suffered in March. US insurance giant CNA is notifying customers of a data breach after the ransomware attack that it suffered in March. SecurityAffairs – hacking, ransomware). Pierluigi Paganini.

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Data breaches Insurance Ransomware Encryption 142

Krebs on Security

FEBRUARY 20, 2024

authorities have seized the darknet websites run by LockBit , a prolific and destructive ransomware group that has claimed more than 2,000 victims worldwide and extorted over $120 million in payments. “I don’t think this is an accident—this is how ransomware groups talk to each other,” Stockley said.

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Ransomware Encryption Insurance Manufacturing 274

Security Affairs

JANUARY 6, 2024

Merck has resolved a dispute with insurers regarding a $1.4 Merck and its insurers have agreed with a $1.4 billion insurance claim for the losses caused by the NotPetya attack that took place in 2017. Merck had not taken out specific insurance to cover cyber attacks, it only had insurance coverage against general risks.

Insurance 112

Insurance Healthcare Manufacturing Ransomware 112

Data Breach Today

JANUARY 27, 2021

Banning Ransom Payments and Unleashing Offensive Hacking Teams Being Mooted With ransomware continuing to fuel a massive surge in illicit profits, some experts have been calling on governments to launch offensive hacking teams to target cybercrime cartels.

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Government Ransomware Insurance 356

Threatpost

JUNE 1, 2021

Companies relying on their cyber-insurance policies to pay off ransomware criminals are being blamed for a recent uptick in ransomware attacks.

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Insurance Ransomware 110

Krebs on Security

OCTOBER 1, 2020

Companies victimized by ransomware and firms that facilitate negotiations with ransomware extortionists could face steep fines from the U.S. While it may seem unlikely that companies victimized by ransomware might somehow be able to know whether their extortionists are currently being sanctioned by the U.S. Image: Shutterstock.

Ransomware 361

Ransomware Insurance Risk Government 361

Security Affairs

FEBRUARY 21, 2023

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. The HardBit ransomware group first appeared on the threat landscape in October 2022, but unlike other ransomware operations, it doesn’t use a double extortion model at this time. Very important!

Insurance 81

Insurance Ransomware Encryption IT 81

Data Breach Today

MARCH 2, 2021

Universal Health Services' Financial Statement Spells Out the Effects In an eye-opening look at the cost burden of a ransomware attack, Universal Health Services reports that an incident last September had a $67 million economic impact - citing, for example, the need to divert patients to competing facilities for urgent care.

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Ransomware Insurance 298

Krebs on Security

AUGUST 14, 2020

NASDAQ:RCM ], one of the nation’s largest medical debt collection companies, has been hit in a ransomware attack. R1 RCM acknowledged taking down its systems in response to a ransomware attack, but otherwise declined to comment for this story. R1 RCM Inc. Formerly known as Accretive Health Inc. billion in 2019.

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Ransomware Insurance Phishing IT 361

Data Breach Today

FEBRUARY 21, 2024

3 Suspects Charged With Using Sugar Ransomware, Phishing Attacks Against Russians Russian authorities have reportedly arrested three accused members of the SugarLocker ransomware-as-a-service operation. Their alleged crime?

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Insurance Ransomware Phishing 268

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. US-based Arthur J. The company is currently ranked 429 on the Fortune 500 list.

Insurance 139

Insurance Ransomware Data breaches Cybersecurity 139

Security Affairs

MAY 12, 2024

Black Basta ransomware affiliates have breached over 500 organizations between April 2022 and May 2024, FBI and CISA reported. The FBI, CISA, HHS, and MS-ISAC have issued a joint Cybersecurity Advisory (CSA) regarding the Black Basta ransomware activity as part of the StopRansomware initiative. ” reads the CSA.

Ransomware 114

Ransomware Blockchain Retail Insurance 114

Data Breach Today

MAY 18, 2024

Also: More Support for Ransomware Victims, Key Takeaways From RSA 2024 In the latest weekly update, ISMG editors discussed key takeaways from the RSA Conference, delve into the surge of synthetic ID fraud in the auto lending industry, and examine a new initiative by the UK's National Cyber Security Centre and major insurance associations to combat (..)

Insurance 143

Insurance Ransomware Security 143

Data Breach Today

AUGUST 27, 2019

Ken Suh of Beazley on Assessing the Options In light of emerging cyberthreats, including ransomware, organizations must change how they assess their cyber insurance options, says Ken Suh of Beazley.

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Insurance Ransomware 216

Security Affairs

MAY 16, 2024

Electronic prescription provider MediSecure in Australia suffered a ransomware attack likely originate from a third-party vendor. The company was forced to shut down its website and phone lines following a cyber attack, but it did not mention a ransomware attack. .” ” reported ABC. million customers.

Ransomware 85

Ransomware e-Delivery Data breaches Insurance 85

Data Breach Today

MAY 24, 2023

Company Executive Hopes Insurance Will Help Cover Most Costs Hospital chain CommonSpirit has upped its estimate on the financial toll incurred by a ransomware incident last fall that disrupted IT systems and patient services at some of its facilities for weeks.

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Ransomware Insurance IT 130

IT Governance

MAY 24, 2022

One of the most common ways to mitigate the risk of a cyber security incident is cyber insurance. These activities aren’t typically included in standard business insurance policies, which tend to only cover costs related to technical issues, such as corrupted hard drives and lost devices. million) to respond to a ransomware attack.

Insurance 137

Insurance Data breaches GDPR Ransomware 137

Data Breach Today

DECEMBER 27, 2022

Justices Rule Against Software Developer in Bid to Use Insurance to Cover Attack An Ohio software developer that attempted to use business insurance to pay for a 2019 ransomware attack was stymied by the Ohio Supreme Court.

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Ransomware Insurance 130