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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 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 117
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Researchers released a free decryptor for Black Basta ransomware

Security Affairs

A team of researchers released a suite of tools that could help victims to decrypt data encrypted with by the Black Basta ransomware. Independent security research and consulting team SRLabs discovered a vulnerability in Black Basta ransomware’s encryption algorithm and exploited it to create a free decryptor.

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How to handle a ransomware attack 

IBM Big Data Hub

It’s the news no organization wants to hear―you’ve been the victim of a ransomware attack, and now you’re wondering what to do next. Over 17 percent of all cyberattacks involve ransomware —a type of malware that keeps a victim’s data or device locked unless the victim pays the hacker a ransom.

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Black Basta gang claims the hack of the UK water utility Southern Water

Security Affairs

The Black Basta ransomware gang claimed to have hacked the UK water utility Southern Water, a major player in the UK water industry. The Black Basta ransomware group added Southern Water to the list of victims on its Tor data leak site and threatened to leak the stolen data on February 29, 2024.

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Best Ransomware Removal and Recovery Services

eSecurity Planet

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.

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HHS Announces First HIPAA Settlement Agreement Involving Ransomware Attack

Hunton Privacy

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.

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City of Dallas has set a budget of $8.5 million to mitigate the May Royal ransomware attack

Security Affairs

The City of Dallas revealed that the Royal ransomware gang that hit the city system in May used a stolen account. In May 2023, a ransomware attack hit the IT systems at the City of Dallas , Texas. CBS News Texas obtained an image the ransomware note dropped by the malware on the infected systems. ” continues the report.