Krebs on Security

FEBRUARY 20, 2024

authorities have seized the darknet websites run by LockBit , a prolific and destructive ransomware group that has claimed more than 2,000 victims worldwide and extorted over $120 million in payments. This prompted several XSS members to start posting memes taunting the group about the security failure.

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Security Affairs

JULY 9, 2021

Insurance giant CNA notifies customers of a data breach after the Phoenix CryptoLocker ransomware attack suffered in March. US insurance giant CNA is notifying customers of a data breach after the ransomware attack that it suffered in March. SecurityAffairs – hacking, ransomware). Pierluigi Paganini.

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Security Affairs

JANUARY 6, 2024

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.

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Krebs on Security

OCTOBER 1, 2020

Companies victimized by ransomware and firms that facilitate negotiations with ransomware extortionists could face steep fines from the U.S. While it may seem unlikely that companies victimized by ransomware might somehow be able to know whether their extortionists are currently being sanctioned by the U.S. Image: Shutterstock.

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Ransomware Insurance Risk Government 358

Krebs on Security

AUGUST 14, 2020

NASDAQ:RCM ], one of the nation’s largest medical debt collection companies, has been hit in a ransomware attack. R1 RCM acknowledged taking down its systems in response to a ransomware attack, but otherwise declined to comment for this story. R1 RCM Inc. Formerly known as Accretive Health Inc. billion in 2019.

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Ransomware Insurance Phishing IT 358

Security Affairs

SEPTEMBER 29, 2020

Gallagher (AJG) insurance giant disclosed a ransomware attack, the security breach took place on Saturday. Gallagher (AJG) global insurance brokerage firm confirmed that it was his with a ransomware attack on Saturday, September 26. US-based Arthur J. The company is currently ranked 429 on the Fortune 500 list.

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Insurance Ransomware Data breaches Cybersecurity 132

Security Affairs

FEBRUARY 21, 2023

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. The HardBit ransomware group first appeared on the threat landscape in October 2022, but unlike other ransomware operations, it doesn’t use a double extortion model at this time. Very important!

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IT Governance

MAY 24, 2022

Organisations must always look for cost-effective ways to address the cyber security risks they face. With more than 1,200 publicly disclosed data breaches last year , and organisations spending almost £3 million on average responding to security incidents , effective risk management is a top priority. Download now. million (about £1.5

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Insurance Data breaches GDPR Ransomware 137

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.

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Data Breach Today

DECEMBER 1, 2022

Australian Information Commissioner Will Investigate Insurer's Security Practices The Russia-based ransomware gang behind the hack of Australia's largest private health insurer says it posted a full set of stolen data.

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eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

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Krebs on Security

MARCH 2, 2021

PrismHR , a company that sells technology used by other firms to help more than 80,000 small businesses manage payroll, benefits, and human resources, has suffered what appears to be an ongoing ransomware attack that is disrupting many of its services. Hopkinton, Mass.-based PrismHR has not yet responded to requests for comment.

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eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks. That’s a 29.1%

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Insurance Ransomware Cybersecurity Marketing 97

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.

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Insurance Data breaches e-Delivery Risk 122

IBM Big Data Hub

JANUARY 22, 2024

It’s the news no organization wants to hear―you’ve been the victim of a ransomware attack, and now you’re wondering what to do next. Over 17 percent of all cyberattacks involve ransomware —a type of malware that keeps a victim’s data or device locked unless the victim pays the hacker a ransom.

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Ransomware Encryption Analytics Data breaches 111

Krebs on Security

AUGUST 29, 2019

PerCSoft , a Wisconsin-based company that manages a remote data backup service relied upon by hundreds of dental offices across the country, is struggling to restore access to client systems after falling victim to a ransomware attack. The ransomware attack hit PerCSoft on the morning of Monday, Aug. West Allis, Wis.-based

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Ransomware Insurance Encryption Cloud 218

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. This marks the second such settlement with a HIPAA-regulated entity for violations that were discovered following a ransomware attack, according to HHS.

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Ransomware Personal data Risk Privacy 111

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. With cyber attacks amounting to a question of when and not if, cyber insurance becomes crucial for ensuring business continuity and mitigating the business impact of attacks – should they occur. Tue, 05/10/2022 - 05:43.

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KnowBe4

APRIL 20, 2023

In an interesting twist, new data hints that organizations with cyber insurance may be relying on it too much, instead of shoring up security to ensure attacks never succeed.

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Insurance Ransomware Security IT 78

Data Protection Report

MARCH 21, 2023

The French Information and Digital Security Experts Club ( CESIN ) has estimated that 54% of French companies were subject to cyberattacks in 2021, [1] while France Assureurs has put cyberattack risks on top of all other risks for the sixth year in a row. [2] 12-10-1 into the French Insurance code. However, in the end, Article L.12-10-1

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Insurance Data breaches Personal data GDPR 104

Krebs on Security

DECEMBER 7, 2019

A Colorado company that specializes in providing IT services to dental offices suffered a ransomware attack this week that is disrupting operations for more than 100 dentistry practices, KrebsOnSecurity has learned. When asked about reports of a ransomware attack on his company, Miner simply said it was not a good time and hung up.

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Ransomware IT Insurance Encryption 225

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.

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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. .”

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Ransomware Insurance Cybersecurity Encryption 107

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. .”

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Ransomware Insurance Data breaches Cybersecurity 82

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.

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Insurance Risk Cybersecurity Ransomware 77

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.

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Ransomware Encryption Blockchain Insurance 108

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.

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Security Affairs

MAY 21, 2021

The US insurance giant CNA Financial reportedly paid a $40 million ransom to restore access to its files following a ransomware attack. CNA Financial, one of the largest insurance companies in the US, reportedly paid a $40 ransom to restore access to its files following a ransomware attack that took place in March.

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Insurance Ransomware Access IT 97

Security Affairs

NOVEMBER 17, 2023

Toyota Financial Services discloses unauthorized activity on systems after the Medusa ransomware gang claimed to have hacked the company. ” In response to the security incident, the company took the impacted systems offline and launched an investigation with the help of law enforcement.

Financial Services 113

Financial Services Ransomware Data breaches Insurance 113

Krebs on Security

OCTOBER 28, 2020

In March 2020, KrebsOnSecurity alerted Swedish security giant Gunnebo Group that hackers had broken into its network and sold the access to a criminal group which specializes in deploying ransomware. The company has operations in 25 countries, more than 4,000 employees, and billions in revenue annually.

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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 108

Data breaches Ransomware Insurance Access 108

Security Affairs

OCTOBER 1, 2023

Experts warn that the recent attack on building automation giant Johnson Controls may have exposed data of the Department of Homeland Security (DHS). The company provides HVAC (heating, ventilation, and air conditioning), solutions for building automation, fire and security systems, and components for energy management.

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Ransomware Insurance Cybersecurity Encryption 118

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?

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Insurance Data breaches Risk Security 122

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. ” reads the 8-K report filed with SEC.

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Ransomware Insurance Cybersecurity IT 108

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%

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Ransomware Manufacturing Retail Insurance 111

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.

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eSecurity Planet

OCTOBER 18, 2022

For any organization struck by ransomware , business leaders always ask “how do we decrypt the data ASAP, so we can get back in business?”. The good news is that ransomware files can be decrypted. What can be done to recover from ransomware attacks when backups are not available? Insured companies often will not have options.

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Ransomware Encryption Insurance Access 131