article thumbnail

'Act of War' Clause Could Nix Cyber Insurance Payouts

Dark Reading

The indictment of six members of the Russian military for the NotPetya ransomware attack places companies on notice that insurance "is not a get-out-of-jail-free card."

article thumbnail

Colonial Pipeline discloses data breach after May ransomware attack

Security Affairs

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. Source WSJ.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Best Ransomware Removal and Recovery Services

eSecurity Planet

Malware has been around for nearly 40 years, longer even than the World Wide Web, but ransomware is a different kind of threat, capable of crippling a company and damaging or destroying its critical data. Ransomware Protection and Recovery Steps. Ransomware removal tools. Ransomware recovery services. Data backup.

article thumbnail

Cybersecurity Insurance Not Paying for NotPetya Losses

Schneier on Security

This will complicate things: To complicate matters, having cyber insurance might not cover everyone's losses. Zurich American Insurance Company refused to pay out a $100 million claim from Mondelez, saying that since the U.S.

article thumbnail

Security Affairs newsletter Round 460 by Pierluigi Paganini – INTERNATIONAL EDITION

Security Affairs

Iran Crisis Russia-Aligned TAG-70 Targets European Government and Military Mail Servers in New Espionage Campaign U.S.

article thumbnail

Ransomware Protection in 2021

eSecurity Planet

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. A ransomware attack is about as bad as a cyber attack can get. Jump to: What is ransomware? How ransomware works. Preventing ransomware. Ransomware attacks and costs.

article thumbnail

Maze Ransomware gang breached the US chipmaker MaxLinear

Security Affairs

system-on-chip maker MaxLinear disclosed a security incident, Maze ransomware operators infected some of its computing systems in May. MaxLinear restored some of the systems using its backups, despite Maze Ransomware threatened to leak over 1TB of data allegedly stolen before encrypting the infected systems. Pierluigi Paganini.