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Plaintiffs Say UnitedHealthcare Algorithm Rejects Coverage for Elderly Patients The estates of two deceased UnitedHealthcare Medicare Advantage policyholders allege in a proposed federal class action lawsuit filed this week that the insurance giant is using an AI tool to illegally deny necessary coverage for post-acute care, such as skilled nursing, (..)
Dennis Toomey explains why the industry must turn not only to sophisticated tools and technologies, but also unite around a strategy based on collaboration - in order to tackle insurance fraud.
Instead of listing data stolen from ransomware victims who didn’t pay, LockBit’s victim shaming website now offers free recovery tools, as well as news about arrests and criminal charges involving LockBit affiliates. The DOJ today unsealed indictments against two Russian men alleged to be active members of LockBit.
Building upon the same concept, GigaOm rolled out its first-ever DSPM vendor evaluation report, defining DSPM as a tool that offers “visibility into where sensitive data is, who has access to it, and how it is being used. DSPM is a necessary tool in an organization’s data management and protection arsenal.
"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.
Purchasing life insurance once meant going to an insurer’s office or booking an appointment with an insurance agent. Today’s generation is used to getting everything done fast and easy, so life insurance providers had to get with the times and cover all customers’ needs and requirements.
Here’s one more contribution to that issue: a research paper that the insurance industry is hurting more than it’s helping. Although it is a societal problem, cyber insurers have received considerable criticism for facilitating ransom payments to cybercriminals.
He even built a handy command-line tool to automate the lookups, which he dubbed “Bill’s Cool Credit Score Lookup Utility.” ” Demirkapi’s Experian credit score lookup tool. KrebsOnSecurity put that tool to the test, asking permission from a friend to have Demirkapi look up their credit score.
That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks. That’s a 29.1%
He notes that many organizations are now carrying cyber insurance coverage, in part, to gain rapid access to incident response tools and expertise. Ideally, organizations will get help to identify the best response, says Kroll's Alan Brill.
In some cases, attackers are even leveraging the threat of regulatory actions or causing cyber insurance policies to be rendered moot by reporting lapses in security on the part of the victim to regulators and insurers. In fact, the cost to victims from ransomware attacks is estimated to reach $265 billion (USD) annually by 2031.
According to the Ransomlooker tool, the number of ransomware attack victims increased by 128.17% compared to the previous year (2022), with 1837 additional incidents. Ransomware groups claimed that they successfully targeted 4191 victims in 2023, Cybernews researchers report. Winter was the least active time (14.6%
Inova is an actuarial consultancy company, which means they compile statistical analysis and calculate insurance risks and premiums. While Amazon offers the necessary tools to secure their services, Inova has not implemented these measures properly. Document sent to the insurance company by the victim’s lawyer.
The Canadian government is going to ban the tool Flipper Zero because it is abused by crooks to steal vehicles in the country. The Canadian government announced that it plans to ban the tool Flipper Zero , and similar hacking devices, to curb the surge in car thefts. “Criminals have been using sophisticated tools to steal cars.
A team of researchers released a suite of tools that could help victims to decrypt data encrypted with by the Black Basta ransomware. A joint research by Elliptic and Corvus Insurance revealed that the group accumulated at least $107 million in Bitcoin ransom payments since early 2022. ” continues the researchers.
Observer investigation reveals UK Biobank opened its biomedical database to insurance firms despite pledge it would not do so Sensitive health information donated for medical research by half a million UK citizens has been shared with insurance companies despite a pledge that it would not be. Continue reading.
. “On July 26, 2023, Welltok was alerted to an earlier alleged compromise of our MOVEit Transfer server in connection with software vulnerabilities made public by the developer of the MOVEit Transfer tool. million Teachers Insurance and Annuity Association of America 2.6 ” reads a notice published by the company.
The State of Maine was the victim of the large-scale hacking campaign that targeted organizations using the MOVEit file transfer tool. The attackers also gained access to medical information and health insurance information of some individuals. million Teachers Insurance and Annuity Association of America 2.6 million Genworth 2.5
. “PIONEER KITTEN tradecraft is characterized by a pronounced reliance on exploits of remote external services on internet-facing assets to achieve initial access to victims, as well as an almost total reliance on open-source tooling during operations.” ” reads the report published by Crowdstrike. Pierluigi Paganini.
The group is also responsible for the 2015 Health Insurer Anthem data breach. The US Department of Justice indicted Fujie Wang (32), a member of sophisticated Chinese hacking group that breached at several US companies, including the health insurer Anthem Inc. back in 2015. ” reads the press release published by DoJ.
Since the inception of data forensics almost forty years ago, methods for investigating security events have given way to a market of vendors and tools offering digital forensics software (DFS). As cybercrime flourishes and evolves, organizations need a fleet of tools to defend and investigate incidents. The Sleuth Kit and Autopsy.
The cyperespionage group also uses additional tools, including an LSA notification package and the GUNTERS passive backdoor. “SentinelLabs recently uncovered a cluster of activity targeting the telecommunication sector in Central Asia, utilizing tools and TTPs commonly associated with Chinese APT actors.
Astoria Company LLC is a lead generation company that leverages on a network of websites to collect information on a person that may be looking for discounted car loans, different medical insurance, or even payday loans. Collected data si shared with a number of partner sites (such as insurance or loan agencies), that pay per lead referral.
Access has progressively been restored to workstations, R&D and production servers, and in-house tools and applications. The Group’s insurance coverage for cyber risks totals €30 million.” Customer connections have also been gradually restored.” ” the company added.
.” The CPU will address critical vulnerabilities in Oracle Essbase, Graph Server and Client, Secure Backup, Communications Applications, Communications, Construction and Engineering, Enterprise Manager, Financial Services Applications, Fusion Middleware, Insurance Applications, PeopleSoft, Support Tools, and Utilities Applications.
2] In this context, the Directorate General of the French Treasury has put forward a plan of action with a view to clarifying the cyber-insurance legal framework, better gauging cyber-risks, and enhancing companies’ awareness as regards cyber-risks. 12-10-1 into the French Insurance code. However, in the end, Article L.12-10-1
Lawsuit Alleges Insurer Used AI Tool in Denying Patients Medically Necessary Care A proposed class action lawsuit against UnitedHealth Group that claims the company's insurance unit UnitedHealthCare used of artificial intelligence tools to deny Medicare Advantage claims for medically necessary care has the green light to proceed from a federal judge (..)
FIN7 using this technique to target businesses in the transportation and insurance industries since August 2021, while it started targeting defense firms since November 2021. The FIN7 group used a broad range of tools and malware such as Metasploit, Cobalt Strike, PowerShell scripts, Carbanak , GRIFFON , DICELOADER, TIRION.
On December 7, 2022, the Federal Trade Commission released an updated Mobile Health App Interactive Tool to help developers determine what federal laws and regulations apply to apps that collect and process health data.
Now the financial institution is suing its insurance provider for refusing to fully cover the losses. The company determined the hacking tools and activity appeared to come from Russian-based Internet addresses. million total. All told, the perpetrators stole more than $569,000 in that incident. THE LAWSUIT.
The county deployed an Endpoint Detection and Response (EDR) tool across all servers and endpoints, enforced password changes for all users, and blocked traffic to and from identified malicious IP addresses. diagnosis or conditions information) and health insurance information may be exposed.
Once obtained access to the City’s network, the group performed reconnaissance and information-gathering activities using legitimate third-party remote management tools. Royal was then able to traverse the internal City infrastructure during the surveillance period using legitimate 3rd party remote management tools.”
According to a recently published CISA’s report , Iranian hackers from an unnamed APT group are employing several known web shells, in attacks on IT, government, healthcare, financial, and insurance organizations across the United States. He also created a tool named VBScan that scanned vBulletin forums for vulnerabilities.
Lloyd’s of London has announced that its insurance policies will no longer cover losses resulting from certain nation-state cyber attacks or acts of war. In a memo sent to the organisation’s insurance syndicates , Underwriting Director Tony Chaudhry said that Lloyd’s remains “strongly supportive” of policies that cover cyber attacks.
Organizations had to re-examine the traditional business perimeter and migrate to cloud-based tools to support distributed workforces. They had to re-examine the traditional business perimeter and migrate to cloud-based tools to support distributed workforces. Which is the impact?
The second campaign from 2021 to 2022, targeted high-profile victims in the defense, aviation, insurance, and urban development industries in Taiwan, China, Thailand, Malaysia, Indonesia, Pakistan, and Ukraine. . In the following subsections, we introduce these hack tools. In the following subsections, we introduce these hack tools.
Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Telecom Adoption: 80% of telecom companies now use AI-powered cyber security tools to protect their networks, showing how AI is becoming more common in keeping complex systems safe. million, up 15% in three years. The US topped the list at $5.09
Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.
Insurance companies around the world are now suffering from phishing. Over the past year, an average of over 100 phishing websites were created per insurer. For example, a scheme of fake branded social media accounts (typical of the financial sector) affected over 500 fake accounts per bank on average in 2020.
1, 2023 – Guardz , the cybersecurity company securing and insuring SMEs, today disclosed the existence of a Hidden Virtual Network Computing (hVNC) malware targeting macOS devices. While cybercriminals have predominantly designed malware to target Microsoft Windows devices at scale, they are now increasingly developing tools for macOS.
The FBI developed a decryption tool that could allow over 500 victims to recover their systems for free. To date, the FBI has worked with dozens of victims in the United States and internationally to disseminate a decryption tool to restore victim systems and prevent ransom demand payments of approximately $99 million.”
Perimeter security tools include: Firewalls: Filter traffic and monitor access based upon firewall rules and policies for the network, network segment, or assets protected by different types of firewalls. Cloud Security Cloud security provides focused security tools and techniques to protect cloud resources.
Group-IB’s new research contains the first ever description of RedCurl’s tactics, tools, and infrastructure. Since then, it has conducted 26 targeted attacks on commercial organizations alone, including companies in the fields of construction , finance , consulting , retail , banking , insurance , law ,and travel. Tricky cloud.
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