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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 known as Merck Sharp & Dohme (MSD) outside the United States and Canada, is an American multinational pharmaceutical company. billion insurance claim for the losses caused by the NotPetya attack that took place in 2017.

Insurance 111
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New RA Group ransomware gang is the latest group using leaked Babuk source code

Security Affairs

Compromised organizations operate in different business verticals, including manufacturing, wealth management, insurance providers, and pharmaceuticals. The ransomware supports intermittent encryption to speed up the encryption process. GAGUP” to the name of the encrypted files. .” We are in the final!

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A Cyber Insurance Backstop

Schneier on Security

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion.

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List of Data Breaches and Cyber Attacks in April 2023 – 4.3 Million Records Breached

IT Governance

Meanwhile, if you enjoy this sort of cyber security news, be sure to subscribe to our Weekly Round-up to receive the latest stories straight to your inbox. Additionally, billing information, insurance numbers and other financial details were stolen in the attack. Biggest data breaches of April 2023 1.

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2019 end-of-year review part 1: January to June

IT Governance

IT Governance is closing out the year by rounding up 2019’s biggest information security stories. Countless office workers were forced to get back to their jobs after Reddit suspended a host of accounts in light of security concerns. Facebook said that the breach was discovered in January 2019 as part of an internal security review.

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The Week in Cyber Security and Data Privacy: 4 – 10 March 2024

IT Governance

Glosbe dictionary exposes almost 7 million records The multilingual online dictionary Glosbe left a MongoDB instance unsecured last year, exposing nearly 7 million users’ information, including personal data, encrypted passwords and social media identifiers. Glosbe did not reply, but the open instance was soon closed. UniCredit fined €2.8

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The Week in Cyber Security and Data Privacy: 26 February – 3 March 2024

IT Governance

Affected information includes users’ names, email addresses, IP addresses and encrypted passwords. Source (New) Engineering Japan Yes >5 TB Array Networks Source (New) Cyber security USA Yes 2.5 TB Turtlemint Source (New) Insurance India Yes 1,800,000 Chunghwa Telecom Source (New) Telecoms Taiwan Yes 1.7