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Ironically, while many larger enterprises purchase insurance to protect themselves against catastrophic levels of hacker-inflicted damages, smaller businesses – whose cyber-risks are far greater than those of their larger counterparts – rarely have adequate (or even any) coverage. Insurance is, therefore, always needed.
The Change Healthcare databreach in the February 2024 impacted over 100 million, the largest-ever healthcare databreach in the US. UnitedHealth Group announced that the databreach suffered by Change Healthcare in February 2024 impacted more than 100 million individuals.
Change Healthcare says it has notified approximately 100 million Americans that their personal, financial and healthcare records may have been stolen in a February 2024 ransomware attack that caused the largest ever known databreach of protected health information. A breach notification from Change Healthcare.
Omni Family Health disclosed a databreach affecting nearly 470,000 current and former patients and employees. Omni Family Health is notifying nearly 470,000 individuals that their personal information was compromised in a databreach resulting from a cyberattack that occurred earlier this year.
ConnectOnCall disclosed a databreach impacting over 900,000 individuals, exposing their personal information. The company disclosed a databreach that exposed personal information and medical information of more than 900,000 individuals. ” reads the Notice of Data Security Incident. . concludes the notice.
The Change Healthcare databreach is worse than initially estimated: approximately 190 million people have been affected. The Change Healthcare databreach is worse than initially estimated, the incident has impacted 190 million people. The incident impacted thousands of pharmacies and healthcare providers. population.”
A US chain of dental offices known as Westend Dental LLC denied a 2020 ransomware attack and its associated databreach, instead telling their customers that data was lost due to an accidentally formatted hard drive. Unfortunately for the organization, the truth was found out.
Due to the complexity of the files, the Company engaged cybersecuritydata mining experts to evaluate the exfiltrated data and was recently informed of its nature, scope and validity, confirming that the data sets contained a significant number of individuals personal information associated with our clients’ end-users.”
As part of the investigation, we engaged leading third-party cybersecurity experts experienced in handling these types of incidents. Anna Jaques also recommends that its patients review the explanation of benefits statements that they receive from their health insurance providers and follow up on any items not recognized.”
Laboratory Services Cooperative discloses a databreach from October 2024 that exposed personal and medical info of 1.6 Laboratory Services Cooperative disclosed a databreach that impacted the personal and medical information of 1.6 ” reads the notice of databreach. million individuals.
While leveraging cyber-liability insurance has become an essential component of cyber-risk mitigation strategy, cyber-liability offerings are still relatively new, and, as a result, many parties seeking to obtain coverage are still unaware of many important factors requiring consideration when selecting a policy.
A recovery team, with help from a cybersecurity firm, worked to restore systems and assess the attack’s scope, including its potential impact on patient data. Follow me on Twitter: @securityaffairs and Facebook and Mastodon Pierluigi Paganini ( SecurityAffairs hacking,databreach)
As we approach 2025, the cybersecurity landscape is evolving rapidly, shaped by technological advancements, regulatory shifts, and emerging threats. Below is an exhaustive list of key cybersecurity trends to watch out for in 2025. Lets explore the top current cybersecurity trends this year. The challenge?
To help mitigate the risk of financial losses, more companies are turning to cyber insurance. Related: Bots attack business logic Cyber insurance, like other forms of business insurance, is a way for companies to transfer some of numerous potential liability hits associated specifically with IT infrastructure and IT activities.
Insurance giant CNA notifies customers of a databreach after the Phoenix CryptoLocker ransomware attack suffered in March. US insurance giant CNA is notifying customers of a databreach after the ransomware attack that it suffered in March. Follow me on Twitter: @securityaffairs and Facebook.
With an ever-increasing number of cybersecurity threats and attacks, companies are becoming motivated to protect their businesses and customer data both technically and financially. The global cyber insurance market was valued at $13.33 million — more than twice the global average of $4.35 billion in 2023 to $84.62
Insurance broker Keenan and Associates is notifying more than 1.5 The post Insurance Broker Keenan Says 1.5 Million Affected by DataBreach appeared first on Security Boulevard. million people that their personal information may have been stolen during a cyberattack on its systems last summer.
A databreach at the Pennsylvania State Education Association exposed the personal information of over 500,000 individuals. The Pennsylvania State Education Association (PSEA) suffered a databreach that impacted 517,487 individuals. ” reads the databreach notification.
Texas Tech University reports a databreach affecting 1.4 million, exposing personal, health, and financial data from its health sciences centers. Texas Tech University disclosed a databreach that impacted over 1.4 ” reads the notice of security breach published by the HSCs.
One of the important concepts about which people must be aware when evaluating their cybersecurity postures and related liabilities, but which, for some reason, many folks seem to be unaware, is the difference between first-party risks and third-party risks. First-Party Risks And Coverage.
We need to remember, like every industry, there is huge gap between the dozen or so large Fortune 100 health insurance payers, and the 1 million hospitals and doctors offices. We just have to accept the risks and rely on insurance to recover.'" Let me tell you why it's an impact to rabbit community.'
Campbell Conroy & O’Neil’s law firm has issued a public statement early today that it was a victim of a ransomware attack on February 27th,2021 and the incident could have led to a potential databreach that is under serious investigation. Wonder why the company was storing medical and health insurancedata of its clients…?
Greylock McKinnon Associates, a service provider for the Department of Justice, suffered a databreach that exposed data of 341650 people. GMA disclosed a databreach that impacted medicare and other information belonging to 5465 people. ” reads the databreach notification.
Prescription service firm Sav-Rx disclosed a databreach that potentially impacted over 2.8 Prescription service company Sav-Rx disclosed a databreach after 2023 cyberattack. The company is notifying 2,812,336 individuals impacted by the security breach in the United States. million people in the United States.
The American drugstore chain Rite Aid Corporation disclosed a databreach following the cyber attack that hit the company in June. The American drugstore chain giant Rite Aid suffered a databreach following a cyberattack in June conducted by the RansomHub ransomware group. 148 in the Fortune 500 in 2022. .
The world’s largest recreational boat and yacht retailer MarineMax, disclosed a databreach following a cyber attack. The world’s largest recreational boat and yacht retailer MarineMax disclosed a databreach that impacted over 123,000 individuals. ” reads a FORM 8-K filed with SEC.
Once more, a heavily protected enterprise network has been pillaged by data thieves. Last Watchdog convened a roundtable of cybersecurity experts to discuss the ramifications, which seem all too familiar. as well as insurance and merchant accounts, to commit insurance fraud and wire fraud. We all know security is hard.
As the digital landscape evolves, cybersecurity remains a critical concern for businesses, governments, and individuals alike. With the advent of new technologies and rising cyber threats , 2025 promises significant shifts in the cybersecurity domain. YOU MAY ALSO WANT TO READ ABOUT: Can Cybersecurity Make You a Millionaire?
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.
Law firm Orrick, Herrington & Sutcliffe disclosed a databreach that took place in early 2023, which impacted roughly 600,000 individuals. The law firm Orrick, Herrington & Sutcliffe, disclosed a databreach that impacted 638,000 individuals. ” reads the databreach notification.
CISA adds Veeam Backup and Replication flaw to its Known Exploited Vulnerabilities catalog North Korea-linked APT37 exploited IE zero-day in a recent attack Omni Family Health databreach impacts 468,344 individuals Iran-linked actors target critical infrastructure organizations macOS HM Surf flaw in TCC allows bypass Safari privacy settings Two Sudanese (..)
Magellan Health, a for-profit managed health care and insurance firm, was the victim of a ransomware attack. Magellan Health is a for-profit managed health care and insurance firm that ranks 417 on the Fortune 500 list of the largest US corporations by total revenue. ” reads the databreach notice issued by the company.
Cybersecurity threats are a growing menace, wreaking havoc on businesses and individuals alike. In this digital battlefield, cyber insurance has emerged as a crucial shield, offering financial protection against databreaches, ransomware attacks, and other cyber incidents.
UnitedHealth, one of the largest health insurers in the United States, had to undertake a lengthy investigation to confirm the scope of the breach, and its findings emphasize the need for agile security operations that can respond quickly to contain threats and protect data.
This legal turn is supported by a study conducted by BakerHostetler, which confirms that lawsuits against companies that suffer databreaches are becoming more common and may increase by the end of this year. Now the big question: Is there any benefit in filing a lawsuit against the technology service provider for a databreach?
Kootenai Health suffered a databreach impacting over 464,000 patients following a 3AM ransomware attack. Kootenai Health disclosed a databreach impacting over 464,088 patients following the leak of their personal information by the ThreeAM (3AM) ransomware gang. ” reads the databreach notification letter.
However, compromised data includes names, addresses and national insurance numbers of em-ployees in British Airways, Boots, Jaguar Land Rover (JLR) and such. The post Zellis Cybersecurity Incident causes BA and Boots employee info databreach appeared first on Cybersecurity Insiders.
That’s where cyber insurance may be able to help. According to the Ponemon Institute and IBM, the global average cost of a databreach is $4.24 As the number and severity of databreaches continues to rise, organizations are recognizing that those costs are not theoretical. Cyber Insurance is Booming.
With ransomware attacks, social engineering, and databreaches at an all-time high, terms like “cybersecurity” and “cyber insurance” are being thrown around in conversation more than ever before. But what, in practice, do they mean – and how are the two intertwined?
When considering adding a cyber insurance policy, organizations, both public and private, must weigh the pros and cons of having insurance to cover against harm caused by a cybersecurity incident. Having cyber insurance can help ensure compliance with these requirements. Let's break it down to the pros and cons.
Insurance firm CNA Hardy says that it has suffered a “sophisticated cybersecurity attack” that has impacted its operations, including its email system.
Advocate Aurora Health(AAH), a medical services provider serving Wisconsin and Illinois populace, was hit by a databreach affecting over 3,000,000 patients. Moreover, the tool is being used by other hospitals in the country and so it could lead to more such databreaches in near time. million patients. .
Volkswagen America discloses a databreach at a third-party vendor that exposed the personal details of more than 3.3 Volkswagen America discloses a databreach suffered by a third-party vendor used by the car vendor for sales and marketing purposes. SecurityAffairs – hacking, data leak). million of its customers.
Healthcare firm HealthEquity disclosed a databreach caused by a partner’s compromised account that exposed protected health information. Healthcare fintech firm HealthEquity disclosed a databreach after a partner’s compromised account was used to access its systems. ” continues the Form 8-K.
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