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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 118
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Episode 158: How NotPetya has Insurers grappling with Systemic Cyber Risk

The Security Ledger

We talk to Bruce McDonnell of the East West Institute about how insurers are responding. Related Stories Episode 155: Disinformation is a Cyber Weapon and APTs warm to Mobile Malware Podcast Episode 117: Insurance Industry Confronts Silent Cyber Risk, Converged Threats NotPetya Horror Story Highlights Need for Holistic Security.

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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. Like other ransomware operations, the RA Group also uses a double extortion model and runs a date leak site. “This actor is expanding its operations at a fast pace.

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The hidden threats facing your intellectual property

IT Governance

For life sciences and pharmaceutical companies, this includes data on the development and testing of new therapies and details of how therapies are manufactured. The information affected is said to have included names, date of birth, nationalities and insurance membership numbers. million fine. Preventive measures.

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List of data breaches and cyber attacks in August 2020 – 36.6 million records breached

IT Governance

There were a massive 99 data breaches and cyber attacks in August, making it the third-biggest monthly total of the year by number of security incidents. But, by contrast, only 36,673,575 records were confirmed to have been leaked, which is the fewest we’ve recorded since May 2018. Cyber attacks. Hitachi Chemical Co. Cyber attacks. Data breaches.

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The most valuable AI use cases for business

IBM Big Data Hub

McDonald’s is building AI solutions for customer care with IBM Watson AI technology and NLP to accelerate the development of its automated order taking (AOT) technology. Not only will this help scale the AOT tech across markets, but it will also help tackle integrations including additional languages, dialects and menu variations.

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ABBYY Achieves Double-Digit Annual Revenue Growth for Third Consecutive Year

Info Source

ABBYY continued to see strong demand for its Digital Intelligence solutions in FY19, with customers including one of the world’s largest pharmaceutical companies, smart infrastructure solutions company Costain , a global medical supply manufacturer and distributor Medline , and other leading enterprises across industries.