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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 billion insurance claim for the losses caused by the NotPetya attack that took place in 2017. Merck had not taken out specific insurance to cover cyber attacks, it only had insurance coverage against general risks.

Insurance 110
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Hospitality Chain McMenamins discloses data breach after ransomware attack

Security Affairs

Hospitality chain McMenamins disclosed a data breach after a recent ransomware attack. Hospitality chain McMenamins discloses a data breach after a ransomware attack that took place on December 12. All McMenamins locations are securely accepting credit cards through the Dinerware, an on-site point of sale system.

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Clorox estimates the costs of the August cyberattack will exceed $49 Million

Security Affairs

The described impacts suggest that the company was likely a ransomware attack. ” The company added that it did not record any insurance proceeds in the three and six months ending on December 31, 2023, associated with the cyberattack. At this time, Clorox has yet to share technical details of the cyberattack.

Insurance 105
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Sopra Steria estimates financial Impact of ransomware attack could reach €50 Million

Security Affairs

IT services provider Sopra Steria estimates that a recent ransomware attack will have a financial impact ranging between €40M and €50M. At the end of October, French IT outsourcer Sopra Steria has been hit by a ransomware attack. The Group’s insurance coverage for cyber risks totals €30 million.” ” the company added.

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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.

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Currency Exchange Company Travelex Hit By Ransomware Attack

Adam Levin

Currency exchange giant Travelex has effectively been taken offline by a ransomware attack. . The hackers claim to have six months’ worth of sensitive customer data containing birthdates, credit card information, and insurance numbers. The post Currency Exchange Company Travelex Hit By Ransomware Attack appeared first on Adam Levin.

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List of Data Breaches and Cyber Attacks in January 2023 – 277.6 Million Records Breached

IT Governance

They’ll review the breach, mitigate the damage and ensure that you are up and running again as soon as possible. million) India’s public education app exposed millions of students’ data (1.6 Million Records Breached appeared first on IT Governance UK Blog. million) India’s public education app exposed millions of students’ data (1.6