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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 It is one of the largest pharmaceutical companies globally, engaged in the research, development, manufacturing, and marketing of a wide range of healthcare products. billion claim against the insurers.

Insurance 122
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CrowdStrike: Lessons on the Importance of Contracts, Insurance and Business Continuity

IT Governance

According to Parametrix , an insurance company specialising in Cloud outages, cyber insurance policies likely cover up to 10–20% of losses only. As a direct result of that blockage, oil couldn’t reach its destination, manufacturers couldn’t get crucial parts, and so on. Then there’s insurance. of its share price.

Insurance 104
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Operators Behind Valak Malware Expand Malicious Campaign

Data Breach Today

Financial, Manufacturing, Healthcare and Insurance Firms Victimized The operators behind the Valak malware strain have expanded their malicious campaigns to other parts of the world, targeting financial, manufacturing, healthcare and insurance firms, according to Cisco Talos.

Insurance 239
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Texas Sues GM for Collecting Driving Data without Consent

Schneier on Security

The suit said those two companies then sold these scores to insurance companies. Insurance companies can use data to see how many times people exceeded a speed limit or obeyed other traffic laws. Some insurance firms ask customers if they want to voluntarily opt-in to such programs, promising lower rates for safer drivers.

Insurance 117
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Senior Executives Beware: The Rise of EvilProxy Phishing Campaigns

KnowBe4

Menlo Security warns that a social engineering campaign is using the EvilProxy phishing kit to target senior executives across a range of industries, including banking and financial services, insurance, property management and real estate, and manufacturing.

Phishing 105
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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. For the insurance industry, working with clients to help them tackle these challenges is vital to ensuring businesses operate in as safe an environment as possible.

Risk 189
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The Week in Cyber Security and Data Privacy: 4 – 10 December 2023

IT Governance

Known records breached Up to 3,806 organisations with DICOM (Digital Imaging and Communications in Medicine) servers Source (New) Healthcare Unknown Unknown >59 million Akumin Source (New) Healthcare USA Yes 5 TB AMCO Proteins Source (New) Manufacturing USA Yes 4 TB Norton Healthcare Source (New) Healthcare USA Yes 2.5 and Robert W.