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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 110
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As of May 2024, Black Basta ransomware affiliates hacked over 500 organizations worldwide

Security Affairs

Black Basta ransomware affiliates have breached over 500 organizations between April 2022 and May 2024, FBI and CISA reported. The alert provides Tactics, Techniques, and Procedures (TTPs) and Indicators of Compromise (IOCs) obtained from law enforcement investigations and reports from third-party security firms. ” reads the CSA.

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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.

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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 189
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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.

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

IT Governance

The cyber security industry, much like the rest of the world, is on edge. In the final days of February, there were a flurry of security incidents related, either directly or indirectly, to the Ukraine conflict. Meanwhile, you can find the full list of cyber attacks and data breaches for February 2022 below. Cyber attacks.

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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.