article thumbnail

Merck settles with insurers regarding a $1.4 billion claim over NotPetya damages

Security Affairs

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. In January 2022, Judge Thomas J. Merck & Co.,

Insurance 111
article thumbnail

Black Basta Ransomware gang accumulated at least $107 million in Bitcoin ransom payments since early 2022

Security Affairs

The Black Basta ransomware gang infected over 300 victims accumulating ransom payments exceeding $100 million since early 2022. The Black Basta ransomware group has been active since April 2022, like other ransomware operations, it implements a double-extortion attack model. ” reads the Elliptic’s report.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. Companies with an annual revenue of US$250,000 to US$999,999 report feeling less prepared to deal with cyber risks in 2023 (76%) than they did in 2022 (70%).

Risk 181
article thumbnail

Ransomware attacks break records in 2023: the number of victims rose by 128%

Security Affairs

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. This group primarily focused its attacks on the construction, manufacturing/industrial, and retail industries.

article thumbnail

State of the EMEA Information Capture & IDP Market 2022/2023

Info Source

KEY TAKEAWAYS The demand for Capture & IDP solutions in the EMEA region grew at a double-digit rate in 2022 and exceeded 2 billion US$ based on end customer investments. The input sources related to the digitisation of paper-based business inputs i.e., scanners, MFPs, and fax machines remained stable in 2022.

article thumbnail

List of data breaches and cyber attacks in February 2022 – 5.1 million records breached

IT Governance

In the midst of all this, organisations across Europe have reported delays as a result of alleged state-sponsored attacks – including Toyota’s Japanese plants and a kettle manufacturer in the Isle of Man. Meanwhile, you can find the full list of cyber attacks and data breaches for February 2022 below. Cyber attacks. Ransomware.

article thumbnail

US. rail and locomotive company Wabtec hit with Lockbit ransomware

Security Affairs

It manufactures products for locomotives, freight cars and passenger transit vehicles, and builds new locomotives up to 6,000 horsepower. According to a statement published by Wabtec, threat actors breached the company network and infected internal systems as early as March 15th, 2022. ” concludes Wabtec.