SC Magazine

APRIL 19, 2021

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.

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Insurance Cyber Insurance Ransomware InfoSec 113

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%

Cyber Insurance 119

Cyber Insurance Insurance Marketing Small Business 119

Krebs on Security

MARCH 5, 2024

healthcare giant Change Healthcare has made a $22 million extortion payment to the infamous BlackCat ransomware group (a.k.a. BlackCat is known as a “ransomware-as-service” collective, meaning they rely on freelancers or affiliates to infect new networks with their ransomware. There are indications that U.S.

Healthcare 352

Healthcare Ransomware Scams Government 352

SC Magazine

MAY 19, 2021

The development of cybersecurity insurance has played an important role in determining how companies prepare for and respond to ransomware attacks and the resulting fallout. That in itself has evolved, as insurers and insured learn just how expensive that fallout can be. The ransomware reality check for insurers.

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Cyber Insurance Insurance Marketing Ransomware 102

Adam Levin

JUNE 4, 2021

You would think that ExaGrid, a backup appliance and anti-ransomware service might know how to avoid ransomware, but it was hit. . million after it was hit with Conti ransomware. . The FBI announced last month that Conti ransomware had been used against the Irish healthcare system and at least sixteen U.S.

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Ransomware Backups Insurance Healthcare 289

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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Cyber Insurance Insurance Cyber Attacks Ransomware 128

Adam Levin

DECEMBER 8, 2020

The personal information of thousands of Israeli citizens has been compromised as the result of a cyberattack on Shirbit, a leading insurance company. . Twitter has since suspended BlackShadow’s account. . The post Major Israeli Insurance Company Hacked appeared first on Adam Levin.

Insurance 130

Insurance Hacking Marketing Government 130

CyberSecurity Insiders

MAY 19, 2021

AXA, a French Multinational Insurance Company was reportedly hit by Avaddon Ransomware Gang last week halting IT operations in its offices located in the Philippines, Hong Kong, Malaysia, and Thailand. . . The post Avaddon ransomware gang targets AXA Insurance appeared first on Cybersecurity Insiders.

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Insurance Ransomware Banking Encryption 64

SC Magazine

JUNE 28, 2021

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. Growing losses from ransomware attacks have…emphasized that the current reality is not sustainable for insurers either.

Cyber Insurance 136

Cyber Insurance Insurance Ransomware Marketing 136

SecureWorld News

NOVEMBER 14, 2024

Ransomware attacks on healthcare organizations have sharply increased in 2024, as shown by recent research from Safety Detectives. Compared to 2023, healthcare providers are facing a higher frequency of ransomware incidents, impacting their ability to deliver essential services and protect sensitive patient data.

Healthcare 90

Healthcare Ransomware Identity Theft Data breaches 90

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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Ransomware Small Business Insurance Software 322

Duo's Security Blog

JUNE 21, 2021

The advancing ransomware business is a threat not just for the big guys, but for organizations of every size. According to Verizon’s most recent Data Breach Incident Report , instances of advanced ransomware have doubled in the past year, alongside major upticks in phishing attacks and social engineering.

Insurance 99

Insurance Cyber Insurance Data breaches Social Engineering 99

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.

Cyber Insurance 77

Cyber Insurance Insurance Cyber Risk Cyber Attacks 77

SecureWorld News

SEPTEMBER 10, 2020

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 number one type of cyber incident so far this year is ransomware. Cyber insurance works.

Cyber Insurance 55

Cyber Insurance Insurance Ransomware Cyber Attacks 55

Malwarebytes

JULY 10, 2022

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.

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Cyber Insurance Insurance Data breaches Phishing 87

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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Cyber Insurance Insurance Risk Technology 100

The State of Security

FEBRUARY 24, 2022

Global supply chains are bearing the brunt of ransomware attacks, according to a new report that finds manufacturing was the most targeted industry during 2021. The post Manufacturing was the top industry targeted by ransomware last year appeared first on The State of Security.

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Manufacturing Ransomware Financial Services Insurance 130

Malwarebytes

SEPTEMBER 5, 2024

The attack has been claimed by a ransomware group. Sometimes they are minors that have been in contact with the criminal justice system, and they are not eligible for insurance or depend on Medicaid Expansion for coverage. The listing on the leak site shows financial information, court papers, and insurance certificates.

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Ransomware Passwords Insurance Healthcare 83

SC Magazine

MAY 24, 2021

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

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Cyber Insurance Insurance Marketing Cyber Risk 94

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 98

Krebs on Security

DECEMBER 13, 2021

The consulting firm PricewaterhouseCoopers recently published lessons learned from the disruptive and costly ransomware attack in May 2021 on Ireland’s public health system. The unusually candid post-mortem found that nearly two months elapsed between the initial intrusion and the launching of the ransomware.

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Healthcare Ransomware Antivirus Hacking 292

SC Magazine

FEBRUARY 8, 2021

Every time a driver buckles up or an airbag is deployed we see the powerful influence of the insurance companies who insisted those measures become mandatory. Now, those insurers are poised to drive cybersecurity investment by insisting that organizations meet certain criteria to qualify for coverage. A maturing model.

Insurance 126

Insurance Cyber Insurance Cybersecurity Government 126

SecureWorld News

MAY 26, 2021

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year. cyber insurance market and the results are in.

Cyber Insurance 58

Cyber Insurance Insurance Cyber Risk Marketing 58

Security Affairs

MAY 14, 2024

The Singing River Health System revealed that the ransomware attack that hit the organization in August 2023 impacted 895,204 people. At the end of August 2023, the systems at three hospitals and other medical facilities operated by Singing River Health System (SRHS) were hit by a Rhysida ransomware attack.

Identity Theft 133

Identity Theft Ransomware Data breaches Insurance 133

eSecurity Planet

JULY 12, 2022

The first signs of the ransomware attack at data storage vendor Spectra Logic were reports from a number of IT staffers about little things going wrong at the beginning of the day. Screens then started to display a ransom demand, which said files had been encrypted by the NetWalker ransomware virus. Cyber Insurer Provides Help.

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Ransomware Cyber Insurance Backups Insurance 144

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.

Healthcare 137

Healthcare Data breaches Ransomware Insurance 137

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.

Ransomware 139

Ransomware Insurance Banking Hacking 139

SecureList

MAY 8, 2024

Ransomware attacks continue to be one of the biggest contemporary cybersecurity threats, affecting organizations and individuals alike on a global scale. As we approach International Anti-Ransomware Day, we have analyzed the major ransomware events and trends. The third most active ransomware in 2023 was Cl0p.

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Ransomware Encryption Small Business Cybersecurity 122

Security Affairs

NOVEMBER 17, 2023

Toyota Financial Services discloses unauthorized activity on systems after the Medusa ransomware gang claimed to have hacked the company. TFS offers various financial products, including auto loans, leases, and insurance solutions.

Financial Services 140

Financial Services Hacking Ransomware Data breaches 140

Duo's Security Blog

OCTOBER 18, 2021

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. Higher education campuses in the U.S.

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Insurance Education Risk Cyber Insurance 77

Security Affairs

MAY 29, 2023

MCNA Dental is one of the largest US dental care and oral health insurance providers. The security breach exposed the personal information of current or former provider of dental/orthodontic care to members of certain state Medicaid and Children’s Health Insurance Programs, for which MCNA provides dental benefits and services.

Ransomware 98

Ransomware Insurance Data breaches Identity Theft 98

CyberSecurity Insiders

JULY 11, 2022

A Financial service offering company to healthcare industry has admitted that a ransomware attack on its data firm could have led to a data breach affecting over 600 healthcare establishments. Information is out that cyber criminals stole details such as names, addresses, account balances and details related to payments.

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Ransomware Healthcare Data breaches Financial Services 114

Security Boulevard

MAY 24, 2024

Inglorious Basta(rds): 16 days on, huge hospital system continues to be paralyzed by ransomware—and patient safety is at risk. The post Black Basta Ascension Attack Redux — can Patients Die of Ransomware? appeared first on Security Boulevard.

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Ransomware Risk Social Engineering Healthcare 135

Security Affairs

SEPTEMBER 23, 2023

The City of Dallas revealed that the Royal ransomware gang that hit the city system in May used a stolen account. In May 2023, a ransomware attack hit the IT systems at the City of Dallas , Texas. CBS News Texas obtained an image the ransomware note dropped by the malware on the infected systems.

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Ransomware Surveillance Healthcare Accountability 135

eSecurity Planet

OCTOBER 5, 2021

Spending money you hadn’t budgeted to hire experts to clean up an unexpected mess is at the bottom of every manager’s wish list, but in the case of a cyber attack as damaging as ransomware , turning incident response over to a pro may be the best thing you can do. Further reading: Best Ransomware Removal and Recovery Services.

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Ransomware Insurance Cyber Insurance Healthcare 139

Malwarebytes

NOVEMBER 15, 2023

This article is based on research by Marcelo Rivero, Malwarebytes’ ransomware specialist, who monitors information published by ransomware gangs on their Dark Web sites. This provides the best overall picture of ransomware activity, but the true number of attacks is far higher.

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Ransomware Education Backups Cyber Insurance 96

Malwarebytes

JUNE 24, 2024

For the first time since news broke about a ransomware attack on Change Healthcare, the company has released details about the data stolen during the attack. The ransomware group ALPHV claimed responsibility for the attack. The incident led to widespread billing outages, as well as disruptions at pharmacies across the United States.

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Healthcare Ransomware Passwords Insurance 86