Data Breach Today

MARCH 4, 2024

But Hospital Lobby Group Contends Funding Is 'Onerous' and 'Exceedingly' Limited Two weeks into a major cyberattack-induced outage at its Change Healthcare business, UnitedHealth Group is offering short-term financial aid to some healthcare providers whose cash flows may be running short because of the disruption in insurance payments.

Insurance 289

Insurance IT 289

Data Protection Report

FEBRUARY 2, 2024

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.

Insurance 77

Insurance Artificial Intelligence Risk Compliance 77

Security Affairs

APRIL 16, 2024

The Dark Angels (Dunghill) ransomware group claims the hack of the chipmaker Nexperia and the theft of 1 TB of data from the company. The Dark Angels (Dunghill) ransomware group claims responsibility for hacking chipmaker Nexperia and stealing 1 TB of the company’s data. The chipmaker has 14,000 employees as of 2024.

Ransomware 116

Ransomware Manufacturing Insurance Cybersecurity 116

eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks. That’s a 29.1%

Insurance 119

Insurance Ransomware Cybersecurity Marketing 119

Data Breach Today

SEPTEMBER 28, 2023

Also, New Malware Targets New Bitwarden Users This week: Johnson Controls suffers a ransomware attack, the Philippine state health insurance program struggles to recover from a ransomware and Air Canada reports a cyberattack. Also: an APT group uses the American Red Cross as bait and new malware targets would-be users of Bitwarden.

Ransomware 296

Ransomware Insurance 296

Security Affairs

FEBRUARY 21, 2023

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. The HardBit ransomware group first appeared on the threat landscape in October 2022, but unlike other ransomware operations, it doesn’t use a double extortion model at this time. Very important!

Insurance 86

Insurance Ransomware Encryption IT 86

Security Affairs

SEPTEMBER 28, 2023

Today Johnson Controls, an ICS/SCADA vendor, confirmed they were a victim of Dark Angels ransomware group. Dark Angels claims to have have exfiltrated 27TB of sensitive data from Johnson Controls We are unfamiliar with Dark Angels ransomware group. .” reported Bleeping Computer.

Ransomware 122

Ransomware Insurance Cybersecurity Encryption 122

Thales Cloud Protection & Licensing

MAY 26, 2023

CIAM in insurance: A unified, secure user experience with a single login madhav Fri, 05/26/2023 - 07:33 In recent years, the insurance industry has transformed from a singularly focused entity to a multi-brand or multi-service type of business. Adding value to the user experience (a top priority for 59% of insurers) 2.

Insurance 71

Insurance Digital transformation Security Authentication 71

Security Affairs

MAY 15, 2023

A previously unknown ransomware group known as RA Group is targeting companies in U.S. Cisco Talos researchers recently discovered a new ransomware operation called RA Group that has been active since at least April 22, 2023. The group has already compromised three organizations in the U.S. and one in South Korea.

Ransomware 90

Ransomware Encryption Healthcare Insurance 90

Security Affairs

JULY 9, 2021

Insurance giant CNA notifies customers of a data breach after the Phoenix CryptoLocker ransomware attack suffered in March. US insurance giant CNA is notifying customers of a data breach after the ransomware attack that it suffered in March. Bloomberg was informed about the payment by two people familiar with the attack.

Data breaches 144

Data breaches Insurance Ransomware Encryption 144

Thales Cloud Protection & Licensing

MARCH 5, 2023

In the fragmented insurance landscape, let’s unify customer experience divya Mon, 03/06/2023 - 06:13 You may think of an insurance company as a singularly-focused entity, offering protection for one product. However, the insurance business reaches across a disparate range of consumer products. To add to the challenge, a.s.r.

Customer Experience 71

Customer Experience Insurance B2C B2B 71

IT Governance

AUGUST 25, 2022

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

Insurance IT Government Risk 105

Data Breach Today

JULY 24, 2023

Million Individuals Notified by TIAA Due to Clop Group's Hack of PBI Research The count of organizations and individuals affected by Clop's attack on MOVEit file-transfer users has increased, with the Teachers Insurance and Annuity Association of America reporting that 2.6

Insurance 232

Insurance 232

Security Affairs

MAY 21, 2021

The US insurance giant CNA Financial reportedly paid a $40 million ransom to restore access to its files following a ransomware attack. CNA Financial, one of the largest insurance companies in the US, reportedly paid a $40 ransom to restore access to its files following a ransomware attack that took place in March. Pierluigi Paganini.

Insurance 99

Insurance Ransomware Access IT 99

IBM Big Data Hub

JUNE 23, 2023

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

Insurance 61

Insurance Cloud Digital transformation Customer Experience 61

Security Affairs

NOVEMBER 6, 2018

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?

Insurance 66

Insurance Risk Marketing Cybersecurity 66

Security Affairs

OCTOBER 9, 2021

American media conglomerate Cox Media Group (CMG) was hit by a ransomware attack that took down live TV and radio broadcast streams in June 2021. The American media conglomerate Cox Media Group (CMG) announced it was hit by a ransomware attack that caused the interruption of the live TV and radio broadcast streams in June 2021.

Ransomware 106

Ransomware Insurance Encryption Authentication 106

Security Affairs

AUGUST 13, 2020

Threat Intel firm Group-IB has released an analytical report on the previously unknown APT group RedCurl, which focuses on corporate espionage. A presumably Russian-speaking group conducts thoroughly planned attacks on private companies across numerous industries using a unique toolset. From Russia to Canada.

Cloud 143

Cloud Phishing Analytics Access 143

The Guardian Data Protection

NOVEMBER 7, 2022

Medibank has confirmed almost 500,000 health claims were accessed and the personal details of former and current customers were exposed when an unnamed group hacked into its system weeks ago. million current and former customers was hacked. million current and former customers was hacked.

Ransomware 62

Ransomware Insurance Access IT 62

Collibra

APRIL 9, 2021

Recapping a discussion moderated by Stijn Christiaens and featuring insurance data experts from Deloitte UK . Insurance is a data-intensive business. Insurance companies need data to better assess risks and price policies competitively, but also profitably. Drivers for cloud adoption.

Insurance 59

Insurance Cloud Data science Analytics 59

Security Affairs

JUNE 5, 2020

ST Engineering is one of the leading engineering groups worldwide, it specializes in the aerospace, electronics, land systems, and marine sectors. The group operates in more than 100 countries and reported revenue of $7.86b in FY2019. The post Maze Ransomware leaks files of ST Engineering group appeared first on Security Affairs.

Ransomware 127

Ransomware Insurance Cybersecurity Security 127

Security Affairs

JANUARY 7, 2022

The Federal Bureau of Investigation (FBI) warns US companies that the FIN7 cybercriminals group is targeting the US defense industry with BadUSB devices. FIN7 using this technique to target businesses in the transportation and insurance industries since August 2021, while it started targeting defense firms since November 2021.

Insurance 90

Insurance Ransomware Access Security 90

The Last Watchdog

JULY 13, 2023

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. Paul Bantick, Group Head of Cyber Risks, Beazley said: “Business leaders are finding it a struggle to keep up with the constantly evolving cyber threat. “The

Risk 189

Risk Insurance Energy and Utilities Marketing 189

Security Affairs

NOVEMBER 15, 2022

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. The tool developers and campaign operators share the tools with their collaborator groups.”

Archiving 94

Archiving Passwords Metadata Insurance 94

Krebs on Security

OCTOBER 1, 2020

” As financial losses from cybercrime activity and ransomware attacks in particular have skyrocketed in recent years, the Treasury Department has imposed economic sanctions on several cybercriminals and cybercrime groups, effectively freezing all property and interests of these persons (subject to U.S.

Ransomware 360

Ransomware Insurance Risk Government 360

Data Matters

JANUARY 14, 2019

On December 19, 2018, Ohio adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law. The Act is designed to “establish standards for data security and for the investigation and notification to the Superintendent of Insurance of a cybersecurity event.”.

Insurance 68

Insurance Security Cybersecurity Data breaches 68

Security Affairs

AUGUST 25, 2021

The group has been active since 2016, it leverages known malware such as PUNCHTRACK and BADHATCH to infect PoS systems and steal payment card data. The activity of the group was spotted in March, after more than a year of apparent inactivity. The group also employed their BADHATCH backdoor. service. . Pierluigi Paganini.

Retail 126

Retail Insurance Cybersecurity Phishing 126

Data Matters

FEBRUARY 11, 2019

On December 28, 2018, Michigan adopted the National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law in the form of Michigan H.B. The Act defines licensees as persons authorized, registered, or licensed under Michigan insurance laws or required to be so. 6491 (Act). MCL § 500.550.

Insurance 68

Insurance Security Cybersecurity FOIA 68

Security Affairs

AUGUST 7, 2019

The American group of insurance and financial services companies State Farm disclosed a credential stuffing attack it has suffered in July. The American group of insurance and financial services companies State Farm revealed that it was the victim of a credential stuffing attack it has suffered in July.

Insurance 89

Insurance Data breaches Financial Services Passwords 89

Schneier on Security

APRIL 12, 2018

Good article about how difficult it is to insure an organization against Internet attacks, and how expensive the insurance is. In my new book -- out in September -- I write: There are challenges to creating these new insurance products. There are two basic models for insurance.

Insurance 48

Insurance Cybersecurity Data breaches Retail 48

Data Breach Today

NOVEMBER 10, 2022

This edition of the ISMG Security Report discusses how Australian health insurer Medibank is facing stark consequences for not paying a ransom to a group of cyber extortionists, how to limit unnecessary cybersecurity exposure during M&A, and how to manage challenges in hybrid environments.

Insurance 130

Insurance Cybersecurity Security 130

Dark Reading

MARCH 26, 2019

A group of insurers will base rates and terms on whether customers purchase technology that has earned a stamp of approval.

Insurance 67

Insurance Cybersecurity 67

Data Breach Today

NOVEMBER 7, 2022

Group Claiming Affiliation With REvil Threatens to Release Data Embattled Australian private health insurer Medibank says it won't pay hackers' extortion demand, saying it can't trust cybercriminals to delete personal data. million individuals.

Insurance 130

Insurance Personal data Ransomware IT 130

Data Breach Today

OCTOBER 6, 2020

How CISOs Can Adapt to the Shifting Regulatory Landscape Organizations around the world must build stronger cyber resilience programs to help ensure they can bounce back from cyberattacks, says Craig Rice, group director of cyber resilience at Aviva, a British multinational insurance firm, who describes how regulatory requirements will evolve.

Insurance 223

Insurance 223

Data Breach Today

JANUARY 19, 2021

A Substantial Settlement Could Build Data Security Momentum British Airways could face a substantial compensation payout as a result of an ongoing group lawsuit over its 2018 data breach, the first of its kind under GDPR.

GDPR 195

GDPR Insurance Data breaches Security 195

Krebs on Security

DECEMBER 8, 2022

Ransomware groups are constantly devising new methods for infecting victims and convincing them to pay up, but a couple of strategies tested recently seem especially devious. Holden’s team gained visibility into discussions among members of two different ransom groups: CLOP (a.k.a. “ Cl0p ” a.k.a. Last month, the U.S.

Ransomware 257

Ransomware Metadata Insurance Encryption 257

Security Affairs

APRIL 8, 2024

Greylock McKinnon Associates (GMA) provides expert economic analysis and litigation support to a diverse group of domestic and international clients in the legal profession, the business community, and government agencies, including the Department of Justice (DoJ).

Data breaches 117

Data breaches Insurance Cybersecurity Government 117