IT Governance

AUGUST 23, 2022

Cyber liability insurance helps organisations cover the financial costs of a data breach. Without insurance, organisations spend £3.6 million on average recovering from security incidents. By purchasing cyber liability insurance, organisations gain the resources they need at a fraction of the cost.

Insurance 122

Insurance Data breaches e-Delivery Risk 122

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 113

Ransomware Manufacturing Insurance Cybersecurity 113

IG Guru

MAY 21, 2021

“The word to get out today is that, regarding ransomware, we don’t pay and we won’t pay,” cybercrime prosecutor Johanna Brousse said at the hearing. The post Insurer AXA to Stop Paying for Ransomware Crime Payments in France via Insurance Journal appeared first on IG GURU. Only the U.S. Only the U.S.

Insurance 53

Insurance Ransomware Government Cybersecurity 53

Security Affairs

JANUARY 19, 2024

Ransomware groups claimed that they successfully targeted 4191 victims in 2023, Cybernews researchers report. According to the Ransomlooker tool, the number of ransomware attack victims increased by 128.17% compared to the previous year (2022), with 1837 additional incidents. Winter was the least active time (14.6%

Ransomware 124

Ransomware Manufacturing Retail Insurance 124

Security Affairs

JANUARY 2, 2024

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.

Ransomware 120

Ransomware Encryption Blockchain Insurance 120

Security Affairs

NOVEMBER 8, 2023

Five Canadian hospitals were victims of a ransomware attack, threat actors claim to have stolen data from them and leaked them. Five Canadian hospitals revealed they were victims of ransomware attacks after threat actors leaked alleged stolen data. TransForm is a non-profit group that provides IT services to the above hospitals.

Ransomware 117

Ransomware Insurance Access Phishing 117

IT Governance

OCTOBER 15, 2020

Cyber threats are so numerous that it’s impossible to prevent security incidents altogether. That’s why they organisations increasingly relying on cyber insurance policies to cover the costs when data breaches and cyber attacks occur. But just how helpful is cyber insurance? What is cyber insurance?

Insurance 122

Insurance Data breaches Risk Security 122

Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. The events of the past two years have made this shift clear: from ransomware attacks to the challenges of managing distributed workforces, digital risk is different. When security fails, cyber insurance can become crucial for ensuring continuity.

Insurance 84

Insurance Risk Cybersecurity Ransomware 84

Security Affairs

SEPTEMBER 28, 2023

Johnson Controls International suffered a ransomware attack that impacted the operations of the company and its subsidiaries. The company provides HVAC (heating, ventilation, and air conditioning), solutions for building automation, fire and security systems, and components for energy management. ” reported Bleeping Computer. .”

Ransomware 120

Ransomware Insurance Cybersecurity Encryption 120

Security Affairs

JUNE 2, 2023

After the recent ransomware attack, Point32Health disclosed a data breach that impacted 2.5 In April, the non-profit health insurer Point32Health took systems offline in response to a ransomware attack that took place on April 17. ” As of the time of writing, no ransomware group has taken responsibility for the attack. .”

Ransomware 88

Ransomware Insurance Data breaches Cybersecurity 88

Hunton Privacy

FEBRUARY 29, 2024

This marks the second such settlement with a HIPAA-regulated entity for violations that were discovered following a ransomware attack, according to HHS. It is also is notable in that it appears to be the second time in recent months that HHS has taken action against a healthcare provider in the wake of a ransomware attack.

Ransomware 111

Ransomware Personal data Risk Privacy 111

Security Affairs

NOVEMBER 17, 2023

Toyota Financial Services discloses unauthorized activity on systems after the Medusa ransomware gang claimed to have hacked the company. TFS offers various financial products, including auto loans, leases, and insurance solutions.

Financial Services 125

Financial Services Ransomware Data breaches Insurance 125

Security Affairs

FEBRUARY 28, 2024

healthcare organizations of targeted ALPHV/Blackcat ransomware attacks. healthcare organizations of targeted attacks conducted by ALPHV/Blackcat ransomware attacks. The advisory updates to the FBI FLASH BlackCat/ALPHV Ransomware Indicators of Compromise released on April 19, 2022 and on December 19, 2023.

Ransomware 109

Ransomware Government Insurance Manufacturing 109

Security Affairs

MAY 12, 2024

Black Basta ransomware affiliates have breached over 500 organizations between April 2022 and May 2024, FBI and CISA reported. The FBI, CISA, HHS, and MS-ISAC have issued a joint Cybersecurity Advisory (CSA) regarding the Black Basta ransomware activity as part of the StopRansomware initiative. ” reads the CSA.

Ransomware 57

Ransomware Blockchain Retail Insurance 57

Security Affairs

OCTOBER 6, 2023

Hospitality and entertainment company MGM Resorts announced that the costs of the recent ransomware attack costs exceeded $110 million. In September the hospitality and entertainment company MGM Resorts was hit by a ransomware attack that shut down its systems at MGM Hotels and Casinos.

Ransomware 121

Ransomware Insurance Cybersecurity IT 121

Security Affairs

DECEMBER 9, 2023

Kentucky health system Norton Healthcare disclosed a data breach after it was a victim of a ransomware attack in May. Norton Healthcare disclosed a data breach after a ransomware attack that hit the organization on May 9, 2023. The security breach exposed personal information belonging to patients, employees, and dependents.

Data breaches 120

Data breaches Ransomware Insurance Access 120

Security Affairs

AUGUST 21, 2020

The University of Utah admitted to have paid a $457,059 ransom in order to avoid having ransomware operators leak student information online. The university did not reveal the ransomware family involved in the attack. ” According to the University, the ransomware encrypted only 0.02% of the data stored on its servers.

Ransomware 144

Ransomware Insurance Encryption Information Security 144

Security Affairs

DECEMBER 16, 2023

The Hunters International ransomware gang claims to have hacked the Fred Hutchinson Cancer Center (Fred Hutch). Another healthcare organization suffered a ransomware attack, the Hunters International ransomware gang claims to have hacked the Fred Hutchinson Cancer Center (Fred Hutch). ” reported the Seattle Times. “If

Ransomware 114

Ransomware Insurance Education Marketing 114

Security Affairs

FEBRUARY 6, 2021

Packaging giant WestRock revealed this week that the recent ransomware attack impacted the company’s IT and operational technology (OT) systems. WestRock did not share details about the security incident, it only confirmed that its staff discovered the attack on January 23. ” reads the press release published by the company.

Ransomware 143

Ransomware Insurance Communications Cybersecurity 143

Security Affairs

OCTOBER 1, 2023

Bleeping Computer last week reported that Johnson Controls International has suffered a ransomware attack that impacted many systems of the company. Threat actors initially breached the systems at Asia offices, the ransomware also targeted the VMware ESXi servers. reported Bleeping Computer. ” reads the article published by CNN.

Ransomware 130

Ransomware Insurance Cybersecurity Encryption 130

IG Guru

APRIL 16, 2020

Professor Daneil Solove interviews Kimberly Horn about Cyber Insurance and Ransomeware here. The post Ransomware and the Role of Cyber Insurance via Teach Privacy appeared first on IG GURU.

Insurance 53

Insurance Ransomware Privacy Information governance 53

Security Affairs

FEBRUARY 27, 2024

A BlackCat ransomware attack hit UnitedHealth Group subsidiary Optum causing an outage impacting the Change Healthcare payment exchange platform. A ransomware attack hit the UnitedHealth Group subsidiary Optum leading to an outage impacting the Change Healthcare payment exchange platform. ” reads the Reuters.

Ransomware 94

Ransomware Government Insurance Manufacturing 94

Security Affairs

MAY 29, 2023

MCNA Dental is one of the largest US dental care and oral health insurance providers. The security breach exposed the personal information of current or former provider of dental/orthodontic care to members of certain state Medicaid and Children’s Health Insurance Programs, for which MCNA provides dental benefits and services.

Ransomware 87

Ransomware Insurance Data breaches Access 87

Security Affairs

NOVEMBER 8, 2022

Australian health insurer Medibank confirmed that personal data belonging to around 9.7 million current and former customers were exposed as a result of a ransomware attack. of current and former customers were exposed as a result of a recent ransomware attack. SecurityAffairs – hacking, ransomware). million customers.

Ransomware 91

Ransomware Insurance Personal data Data breaches 91

Security Affairs

DECEMBER 1, 2023

The Black Basta ransomware gang infected over 300 victims accumulating ransom payments exceeding $100 million since early 2022. The Black Basta ransomware group has been active since April 2022, like other ransomware operations, it implements a double-extortion attack model. ” reads the Elliptic’s report.

Ransomware 89

Ransomware Blockchain Retail Insurance 89

Security Affairs

JANUARY 7, 2023

The Hive ransomware gang just leaked 550 GB of data stolen from the Consulate Health Care, including customer and employee PII data. The Hive ransomware gang this week added the company to its Tor leak site, threatening to publish the stolen data. Negotiations fell apart and 3 days quickly turned into 3 hours. Pierluigi Paganini.

Ransomware 83

Ransomware Insurance Data breaches Access 83

Security Affairs

SEPTEMBER 23, 2023

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.

Ransomware 108

Ransomware Encryption Systems administration Cybersecurity 108

Security Affairs

AUGUST 9, 2021

A ransomware attack hit City of Joplin forcing the IT staff to shutdown the City computer. Finally the insurer for Joplin paid $320,000 to threat actors. A ransomware attack last month hit the City of Joplin forcing the IT staff to shut down the city’s government’s computer system to prevent the threat from spreading.

Ransomware 108

Ransomware Insurance Cybersecurity Security 108

Security Affairs

DECEMBER 29, 2022

The Lake Charles Memorial Health System (LCMHS) suffered a ransomware attack that impacted 270,000 patients. Health insurance information. Payment information. Limited clinical information regarding the received care. Social Security numbers (in some cases). Physical addresses. Dates of birth.

Ransomware 91

Ransomware Computer and Electronics Data breaches Insurance 91

Security Affairs

JUNE 5, 2020

ST Engineering is the last victim of the Maze Ransomware operators that published their data on their leak website. The Maze ransomware operators announced the release of stolen data on their leak site. SecurityAffairs – Maze ransomware, cybersecurity). ” reads the post published by the experts. Pierluigi Paganini.

Ransomware 123

Ransomware Insurance Cybersecurity Security 123

Data Matters

FEBRUARY 10, 2021

2 announcing a Cyber Insurance Risk Framework (the Framework) that describes industry best practices for New York-regulated property/casualty insurers. According to NYDFS, the incorporation of these practices should be proportionate to each insurer’s size, resources, geographic distribution, and other factors. Background.

Insurance 79

Insurance Financial Services Cybersecurity Risk 79

Security Affairs

JANUARY 4, 2023

rail and locomotive company Wabtec Corporation disclosed a data breach after it was hit with Lockbit ransomware attack. On November 23, 2022, Wabtec determined that personal information was contained within the files exfiltrated by the attackers. Follow me on Twitter: @securityaffairs and Facebook and Mastodon. Pierluigi Paganini.

Ransomware 91

Ransomware Insurance Data breaches Manufacturing 91

IT Governance

JULY 15, 2019

Cyber insurance is big business these days. Damages incurred by information security incidents generally aren’t covered in commercial insurance policies, so a specific policy is necessary to help cover the costs of things like forensic investigation, incident response and notification procedures.

Insurance 89

Insurance Data breaches Risk Information Security 89

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 researchers assess with high confidence that the group is using the leaked Babuk ransomware source code.

Ransomware 87

Ransomware Encryption Healthcare Insurance 87

Security Affairs

AUGUST 17, 2021

Colonial Pipeline discloses a data breach of the personal information of thousands of individuals after the ransomware attack that took place in May 2021. Colonial Pipeline has started notifying more than 5000 people that had their personal information compromised after a ransomware attack that took place in May.

Data breaches 107

Data breaches Ransomware Military Insurance 107

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 103

Ransomware Insurance Encryption Authentication 103

Security Affairs

APRIL 10, 2024

The Group Health Cooperative of South Central Wisconsin (GHC-SCW) is a non-profit organization that provides health insurance and medical care services to its members in the Madison metropolitan area of Wisconsin. The organization disclosed a data breach after a ransomware attack, the incident impacted 533,809 individuals.

Data breaches 117

Data breaches e-Discovery Ransomware Insurance 117