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Were thrilled to unveil our latest threat landscape report for the finance and insurance sector, offering in-depth analysis of the evolving cyber threats facing this industry. In this industry, a single compromised account can trigger large-scale phishing campaigns, causing reputational damage, financial losses, and regulatory penalties.
The Web site for Fortune 500 real estate title insurance giant First American Financial Corp. based First American is a leading provider of title insurance and settlement services to the real estate and mortgage industries. First American Financial Corp. Image: Linkedin. Santa Ana, Calif.-based billion in 2018.
Health insurance information: Details about primary, secondary, or other health plans/policies, insurance companies, member/group ID numbers, and Medicaid-Medicare-government payor ID numbers. Some forms of two-factor authentication (2FA) can be phished just as easily as a password. Watch out for fake vendors. Take your time.
That has worried some experts who have pointed out that a new owner could, for instance, hand over customer data to insurance companies to hike up monthly premiums, or to data brokers to power increasingly invasive, targeted advertising. Some forms of two-factor authentication (2FA) can be phished just as easily as a password.
The information potentially involved varies by customer but includes names and one or more of the following: Drivers license numbers Bank account and routing numbers. Social Security Numbers (SSN) Health insurance information CCB is posting lettersalong the lines of this California example to everyone who may be impacted.
-based organizations are being targeted by a new phishing campaign that leverages a popular adversary-in-the-middle (AiTM) phishing toolkit named EvilProxy to conduct credential harvesting and account takeover attacks.
One of the more common ways cybercriminals cash out access to bank accounts involves draining the victim’s funds via Zelle , a “peer-to-peer” (P2P) payment service used by many financial institutions that allows customers to quickly send cash to friends and family.
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%
The Office for Civil Rights (OCR) at the HHS confirmed that it prioritized and opened investigations of Change Healthcare and UnitedHealth Group, focused on whether a breach of protected health information (PHI) occurred and on the entities’ compliance with the Health Insurance Portability and Accountability Act of 1996 (HIPAA) Rules.
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.
A highly targeted, malware-laced phishing campaign landed in the inboxes of multiple credit unions last week. One of the many variations on the malware-laced targeted phishing email sent to dozens of credit unions across the nation last week. Secret Service to financial institutions nationwide.
A Ransomware called BazarCall seems to target Insurance agents and clients and so Insurance specialist CFC has issued a warning to the companies into similar business and operating across the globe to step-up their defense-line against malware attacks, by proactively taking adequate measures.
Hackers used phishing emails to break into a Virginia bank in two separate cyber intrusions over an eight-month period, making off with more than $2.4 Now the financial institution is suing its insurance provider for refusing to fully cover the losses. million total. All told, the perpetrators stole more than $569,000 in that incident.
Insurance companies have shown that their interest in buying specific medical information, like prescriptions that identify medical conditionssuch as HIV, cancer, or psychiatric disorders. Cybercriminals can use PHI against affected individuals to phish or extort them. 2FA that relies on a FIDO2 device cant be phished.
The American group of insurance and financial services companies State Farm disclosed a credential stuffing attack it has suffered in July. The American group of insurance and financial services companies State Farm revealed that it was the victim of a credential stuffing attack it has suffered in July. Pierluigi Paganini.
Without cyber insurance , you can expect to pay a dizzying amount of cash. In 2022 alone, the average cost of a data breach for businesses under 1,000 employees was close to $3 million—and these costs are coming from activities that cyber insurers typically cover, such as detecting and responding to the breach. Fixed rate.
Threat actors exploited an open redirection vulnerability in the job search platform Indeed to carry out phishing attacks. Researchers from the cybersecurity firm Menlo Security reported that threat actors exploited an open redirection vulnerability in the job search platform Indeed in phishing attacks. ” continues the report.
Threat actors use EvilProxy phishing-as-a-service (PhaaS) toolkit to target senior executives in the U.S. in massive phishing campaigns. EvilProxy is an adversary-in-the-middle (AiTM) PhaaS designed to steal credentials and take over accounts. Executives Using EvilProxy Phishing Kit appeared first on Heimdal Security Blog.
And yet, if artificial intelligence achieves what is called an agentic model in 2025, novel and boundless attacks could be within reach, as AI tools take on the roles of agents that independently discover vulnerabilities, steal logins, and pry into accounts. These are real threats, but they are not novel. That could change in 2025.
AIG is one of the top cyber insurance companies in the U.S. Today’s columnist, Erin Kennealy of Guidewire Software, offers ways for security pros, the insurance industry and government regulators to come together so insurance companies can continue to offer insurance for ransomware. eflon CreativeCommons CC BY 2.0.
There are more online stores and services available than ever, and you are able to shop for almost anything online whether it's groceries or insurance. In particular, insurance companies are tempting targets for cybercriminals as they hold personal and financial information for numerous clients. The vocabulary of cybersecurity.
Accordingly, the Euro 2020 championship was used by scammers as bait to hijack accounts on the major gaming portal belonging to Japanese gaming giant Konami. If they entered their credentials, the attackers took over their account and the “bonus” evaporated into thin air. million redirects to phishing pages.
Verizons Data Breach Investigations Report showed that 74% of security breaches involve a human element, with system administrators and developers accounting for most of these errors. We are seeing increased use of AI to automate attacks, including malware generation and phishing campaigns.
And, let’s be honest , the deceptive writing phishing assaults and other cyber threats today employ are skilled enough to fool even the most trained, internet-savvy experts. Phishing emails and messages may appear from a company you’re familiar with or trust, and they can appear to be from a credit card company or a bank.
Some forms of two-factor authentication (2FA) can be phished just as easily as a password. 2FA that relies on a FIDO2 device cant be phished. Phishing attacks often impersonate people or brands you know, and use themes that require urgent attention, such as missed deliveries, account suspensions, and security alerts.
One area where campuses have been collaborating recently are changes around cyber liability insurance for higher education, an opportunity for campus cybersecurity teams to combine forces with their risk management team. In a recent Duo blog post, we gave an overview of cyber liability insurance.
You might think that whoever is behind such a sprawling crime machine would use their access to blast out spam, or conduct targeted phishing attacks against each victim’s contacts. Because these accounts can all be cleaned out and deposited onto a gift card number that can be resold quickly online for 80 percent of its value.
The majority of the records were labelled as background checks which contained full names, home addresses, phone numbers, email addresses, employment history, family members, social media accounts, and criminal record history. Data brokers collect and sell your information, including financial, personal, behavior and interests, for profit.
The event is sponsored by the Federal Trade Commission (FTC), and other participating agencies include the Federal Deposit Insurance Corporation (FDIC), AARP , and the Better Business Bureau (BBB). Beware before you share Phishing scams Avoid clicking on malicious links in emails and social media.
In May 2023, a phishing campaign was launched that targeted a major U.S. energy company, as well as organizations in other industries, such as finance, insurance, manufacturing, and technology. This phishing scam is a reminder of the dangers of QR codes. Report it as a phish, delete, or ignore.
BlindEagle’s primary method to gain initial access to the targets’ systems is through phishing emails. This specific folder is under the ownership of a compromised account belonging to a regional government organization in Colombia. The PDF attachment contains the same URL as the one provided in the email body.
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.
A phishing campaign employing QR codes targeted a leading energy company in the US, cybersecurity firm Cofense reported. “Beginning in May 2023, Cofense has observed a large phishing campaign utilizing QR codes targeting the Microsoft credentials of users from a wide array of industries.” com (Cloudflare’s Web3 services).
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.
Phishing is today’s most dangerous cyberattack. Google noted a more than 600% spike in phishing attacks in 2020 compared to 2019 with a total of 2,145,013 phishing sites registered as of January 17, 2021, up from 1,690,000 on Jan 19, 2020. Phishing doesn’t discriminate. What is the Most Common Form of Phishing?
Latest phishing campaign targets NHS regulatory commission. Officials for the Care Quality Commission (CQC) have been received roughly 60,000 malicious phishing emails over the past three months that seems to be linked to the release of the COVID- 19 vaccine. The Ryuk ransomware group are believed to be behind the attack.
Credit cards offer markedly better fraud protections than debit cards , which connect directly to your bank account. Virtual credit cards similarly allow online shoppers to mask their financial accounts. Many financial institutions offer free transaction alerts that notify you when charges hit your account.
The surge was fueled by ChatGPT, Microsoft Copilot, Grammarly, and other generative AI tools, which accounted for the majority of AI-related traffic from known applications. ThreatLabz researchers demonstrated how DeepSeek can be manipulated to quickly generate phishing pages that mimic trusted brands.
Recently, a fake Instagram email successfully bypassed Google’s email filters and made it into hundreds of employee inboxes used by a prominent US life insurance company based in New York. The scammers then push the recipient to verify their “membership” within 24 hours else their Instagram account will be deleted.
Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. The company says that ransomware accounted for 41% of cyber claims. Cyber insurance works.
Security researchers have identified a new Microsoft 365 spoofing campaign that targets specific people in companies, trying to compromise peoples’ accounts such as C-suite executives and other essential positions from the retail, insurance and financial services industries.
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