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.

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Security Affairs

NOVEMBER 18, 2024

A ransomware attack on Great Plains Regional Medical Center compromised personal data of 133,000 individuals, exposing sensitive information. On September 8, 2024, Great Plains Regional Medical Center (Oklahoma) suffered a ransomware attack. “On September 8, 2024, we suffered a ransomware attack on our computer system.

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Centraleyes

DECEMBER 16, 2024

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?

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Webroot

AUGUST 10, 2021

The issue at the heart of ransomware insurance will be familiar to most parents of young children: rewarding bad behavior only invites more of the same, so it’s generally not a good idea. But critics of the ransomware insurance industry argue that’s exactly what the practice does. So, if U.S.-based

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The Last Watchdog

JANUARY 20, 2020

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.

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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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Graham Cluley

MARCH 28, 2021

Insurance firm CNA Hardy says that it has suffered a “sophisticated cybersecurity attack” that has impacted its operations, including its email system.

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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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Security Boulevard

OCTOBER 21, 2024

It is good to see US government leaders realize that ransomware is a growing existential threat to our country, at the hands of our adversaries. A top US national cybersecurity advisor stated in a recent op-ed , “This is a troubling practice that must end.” The government is looking at ways to disrupt ransomware attacks.

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Tech Republic Security

JULY 4, 2024

Rates have declined by 15% since the market peak in 2022, according to Howden Insurance Brokers.

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Insurance Cyber Insurance Marketing Backups 179

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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Data breaches Insurance Ransomware Identity Theft 145

CyberSecurity Insiders

FEBRUARY 21, 2023

All these days we have read about ransomware spreading groups stealing data and then threatening to release it online, if the victim fails to pay heed to their demands. But now a new file encrypting malware variant has emerged onto the block that demands ransom, based on the insurance cover.

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Security Boulevard

NOVEMBER 12, 2021

Recent ransomware attacks have dominated the headlines this year. Predictions estimate that the financial impact caused by ransomware could reach $265 billion globally by 2031. The post Are Cyber Insurers Cybersecurity’s New Enforcers? The average ransom payment made by a business to.

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Heimadal Security

OCTOBER 18, 2022

Medibank, a health insurance company providing services for more than 3.9 million people in Australia, recently confirmed that a ransomware attack was the cause of last week’s cyberattack and interruption of online services. The post Australian Insurer Medibank Confirms Ransomware Attack appeared first on Heimdal Security Blog.

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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. “I don’t think this is an accident—this is how ransomware groups talk to each other,” Stockley said.

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eSecurity Planet

MARCH 17, 2025

The Cybersecurity and Infrastructure Security Agency (CISA), in collaboration with the Federal Bureau of Investigation (FBI) and the Multi-State Information Sharing and Analysis Center (MS-ISAC), has released a joint cybersecurity advisory warning organizations about the escalating threat posed by the Medusa ransomware.

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Security Affairs

JANUARY 26, 2025

Change Healthcare can confirm we are experiencing a cybersecurity issue perpetrated by a cybercrime threat actor who has represented itself to us as ALPHV/Blackcat. In early March, the Alphv/BlackCat ransomware gang claimed responsibility for the attack and added the company to its Tor leak site. population.”

Healthcare 128

Healthcare Data breaches Insurance Cybercrime 128

Joseph Steinberg

AUGUST 5, 2021

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.

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SecureWorld News

FEBRUARY 5, 2025

The State of Cybersecurity in Canada 2025 report, published by the Canadian Cybersecurity Network (CCN) and the Security Architecture Podcast , delivers an in-depth analysis of the evolving threat landscape, emerging risks, and strategic recommendations for Canadian organizations. Key findings: the cyber threat landscape in 2025 1.

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InfoSec Energy and Utilities Cybersecurity Education 79

Security Affairs

DECEMBER 8, 2024

Anna Jaques Hospital revealed thatthe ransomware attack it suffered last year has exposed sensitive health data for over 316,000 patients. On December 25, 2023, a ransomware attack hit the Anna Jaques Hospital. The hospital revealed that the security breach exposed sensitive health data for over 316,000 patients.

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SecureWorld News

MARCH 20, 2024

Ransomware attacks have become a significant threat to organizations of all kinds worldwide, with attackers encrypting data and demanding payment for its release. In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network.

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Cyber Insurance Insurance Ransomware Risk 113

Malwarebytes

JANUARY 6, 2025

A US chain of dental offices known as Westend Dental LLC denied a 2020 ransomware attack and its associated data breach, instead telling their customers that data was lost due to an accidentally formatted hard drive. In October 2020, Westend Dental was attacked by the Medusa Locker ransomware group.

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Hacker's King

DECEMBER 24, 2024

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?

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SecureWorld News

AUGUST 1, 2023

It is no secret that ransomware attacks have been on the rise in recent years and have caused a significant amount of pain to organizations worldwide. One aspect of these cyberattacks that has been hotly debated is the role that cybersecurity insurance plays in these incidents.

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Security Boulevard

MARCH 17, 2023

A common misconception of small business owners is that they can fly under the radar when it comes to ransomware, social engineering, and other cyberattacks. The post The Small Business Fallacy – Why You Need Cybersecurity and Insurance More Than Ever appeared first on Security Boulevard.

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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.

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SecureWorld News

JULY 2, 2024

Global cyber insurance premiums are declining despite an uptick in ransomware attacks, according to a recent report by insurance broker Howden. This trend reflects improved business security practices, evolving insurance industry dynamics, and changing attitudes toward cyber risk management. Sarah Neild, head of U.K.

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Security Affairs

OCTOBER 25, 2024

“Change Healthcare can confirm we are experiencing a cybersecurity issue perpetrated by a cybercrime threat actor who has represented itself to us as ALPHV/Blackcat.” In early March, the Alphv/BlackCat ransomware gang claimed responsibility for the attack and added the company to its Tor leak site.

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Data breaches Healthcare Cybercrime Insurance 128

CyberSecurity Insiders

DECEMBER 26, 2022

Insurance companies like Lloyd offer cyber insurance policies that cover a business from facing a business loss during a cyber-attack. However, in coming days, cyber attacks will become uninsurable, as per Mario Greco, the Chief of Zurich Insurance. So, will cyber insurance vanish with time? isn’t it? .

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eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. If your company has not already experienced a significant cybersecurity event, it is probably only a matter of time before it does. But there’s a catch: Insurers are going to carefully assess your cybersecurity controls before writing any policy, and there are limits to coverage.

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Cyber Insurance Insurance Marketing Small Business 119

Security Affairs

APRIL 16, 2025

Due to the complexity of the files, the Company engaged cybersecurity data 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.”

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Data breaches Government Cyber Insurance Business Services 105

CyberSecurity Insiders

FEBRUARY 17, 2022

For all those companies who are planning to renew their cyber insurance policy or are in a procedure to take one, here’s a piece of information that might interest you. Most of the Cyber Insurance companies have excluded ‘Cyber War’ consequences from their policies. that’s insane….isn’t isn’t it? that’s insane….isn’t isn’t it? .

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Cyber Insurance Insurance Cyber Attacks Ransomware 120

Security Affairs

APRIL 23, 2023

Non-profit health insurer Point32Health suffered a ransomware attack and has taken systems offline in response to the incident. Non-profit health insurer Point32Health has taken systems offline in response to a ransomware attack that took place on April 17. ” reads the statement published by the insurer.

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Insurance Ransomware Education Accountability 98

Security Boulevard

NOVEMBER 4, 2021

Ransomware attacks are ubiquitous, and the insurance markets are chaotic. That, at least, seems to be the state of cybersecurity and risk mitigation since the COVID-19 pandemic began. The post Ransomware and the Uncertainties of Cyberinsurance appeared first on Security Boulevard.

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CSO Magazine

APRIL 27, 2021

Organizations will face significant challenges in purchasing, renewing, and benefitting from cyber insurance policies this year as various factors drive the sector towards a stricter, more specialized position, global specialists in law, risk, and cybersecurity predict.

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Cyber Insurance Insurance Ransomware Risk 142

CyberSecurity Insiders

DECEMBER 9, 2021

Lloyd’s of London Insurance, simply known as Lloyd’s Insurance, has released a media update that it will no longer cover losses that were incurred because of cyber wars among nations. The post Insurance company says it will no longer cover state funded Cyber Attacks appeared first on Cybersecurity Insiders.

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SecureWorld News

JANUARY 11, 2024

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 data breaches, ransomware attacks, and other cyber incidents.

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