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Feds Seize LockBit Ransomware Websites, Offer Decryption Tools, Troll Affiliates

Krebs on Security

authorities have seized the darknet websites run by LockBit , a prolific and destructive ransomware group that has claimed more than 2,000 victims worldwide and extorted over $120 million in payments. Investigators used the existing design on LockBit’s victim shaming website to feature press releases and free decryption tools.

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BlackCat Ransomware Group Implodes After Apparent $22M Payment by Change Healthcare

Krebs on Security

healthcare giant Change Healthcare has made a $22 million extortion payment to the infamous BlackCat ransomware group (a.k.a. As part of that action, the government seized the BlackCat website and released a decryption tool to help victims recover their systems. There are indications that U.S. Image: Varonis.

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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. 11, 2001, terrorist attacks.

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NYDFS issues significant guidance on insurers using AI or external data

Data Protection Report

On January 17, 2024 the New York Department of Financial Services (“NYDFS”) published a Proposed Insurance Circular Letter (“Proposed Circular”) regarding the use of artificial intelligence systems (“AIS”) and external consumer data and information sources (“ECDIS”) in insurance underwriting and pricing. Actual Actuarial Validity.

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Network Security Architecture: Best Practices & Tools

eSecurity Planet

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.

Security 117
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Lloyd’s Will No Longer Include Nation-State Attacks in its Cyber Insurance Policies

IT Governance

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.

Insurance 105
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Previously undetected Earth Longzhi APT group is a subgroup of APT41

Security Affairs

Trend Micro reported that the Earth Longzhi group, a previously undocumented subgroup of APT41, targets Ukraine and Asian Countries. The experts attributed the attacks to a new subgroup of the China-linked APT41 group, tracked as Earth Longzhi. In the following subsections, we introduce these hack tools.