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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.
Here’s a look at a fairly elaborate SMS-based phishing scam that spoofs FedEx in a bid to extract personal and financial information from unwary recipients. One of dozens of FedEx-themed phishing sites currently being advertised via SMS spam. ” Attempting to visit the domain in the phishing link — o001cfedeex[.]com
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.
You’ve probably never heard of “ 16Shop ,” but there’s a good chance someone using it has tried to phish you. A 16Shop phishing page spoofing Apple and targeting Japanese users. Image: Akamai.com. The INTERPOL statement says the platform sold hacking tools to compromise more than 70,000 users in 43 countries.
The “RCM” portion of its name refers to “revenue cycle management,” an industry which tracks profits throughout the life cycle of each patient, including patient registration, insurance and benefit verification, medical treatment documentation, and bill preparation and collection from patients.
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.
The Colombian insurance sector is the target of a threat actor tracked as Blind Eagle with the end goal of delivering a customized version of a known commodity remote access trojan (RAT) known as Quasar RAT since June 2024.
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 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.
As the frequency and severity of ransomware, phishing, and denial of service attacks has increased, so has demand for cyber insurance. billion in direct written premiums were recorded in 2021, a 61% increase over the prior year, according to an October 2022 memorandum from the National Association of Insurance Commissioners.
A new tax-themed malware campaign targeting insurance and finance sectors has been observed leveraging GitHub links in phishing email messages as a way to bypass security measures and deliver Remcos RAT, indicating that the method is gaining traction among threat actors. "In
-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.
Insurance firm CNA Financial, a prominent provider of cyber insurance, confirmed a cyberattack against its systems, which has some concerned that cybercriminals may target policyholders. They could also phish certain policyholders. (Antoine Taveneaux, CC BY-SA 3.0 link] , via Wikimedia Commons).
Should insurance companies be banned from helping companies pay ransomware demands? All this and much more is discussed in the latest edition of the award-winning “Smashing Security” podcast by computer security veterans Graham Cluley … Continue reading "Smashing Security podcast #223: Booze, nudes, and insurance dudes".
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.
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.
Mobile phishing is an issue plaguing the masses and a growing concern for enterprises, particularly as 2022 had the highest percentage of mobile phishing encounter rates ever, according to Lookout ‘s Global State of Mobile Phishing report. have been exposed to at least one malicious phishing attack every quarter.
Social Security Numbers (SSN) Health insurance information CCB is posting lettersalong the lines of this California example to everyone who may be impacted. 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. Watch out for fake vendors.
Cyber liability insurance can be a lifeline in the event of a major incident or breach. million per year , resulting in cyber insurance premiums jumping up by 50-100%. No doubt, cyber insurance is a hot topic right now. The unfortunate reality is that cyber insurance is becoming a necessity for organizations big and small.
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.
Cyber insurance provider At-Bay has announced the launch of a new InsurSec solution to help small-to-mid sized businesses (SMBs) improve their security and risk management postures through their insurance policy. The emergence of InsurSec technology reflects a cyber insurance landscape that has seen significant change recently.
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.
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.
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.
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.
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. THE LAWSUIT.
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.
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.
Threat actors use EvilProxy phishing-as-a-service (PhaaS) toolkit to target senior executives in the U.S. in massive phishing campaigns. It mainly targets companies in the banking, financial services, insurance, real estate, and manufacturing sectors.
The notorious cybercriminal group, Scattered Spider, previously known for high-profile attacks on MGM and Caesars, has now broadened its scope to aggressively target the finance and insurance industries, according to a recent report from... The post New Phishing Campaigns from Scattered Spider Target Finance and Insurance Industries appeared (..)
Naturally, a great deal of phishing schemes that precede these bank account takeovers begin with a spoofed text message from the target’s bank warning about a suspicious Zelle transfer. Ken Otsuka is a senior risk consultant at CUNA Mutual Group , an insurance company that provides financial services to credit unions.
We are seeing increased use of AI to automate attacks, including malware generation and phishing campaigns. Insurance Becomes a Necessity The rise of high-profile cyberattacks has led to increased demand for cyber insurance. Ensuring visibility, control, and data protection across these environments will be paramount.
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.
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.
million redirects to phishing pages. The “customer” was asked first to provide personal information: passport, phone, medical policy, insurance numbers and date of birth, and then to enter their card details to pay for the purchase. Statistics: phishing. Geography of phishing attacks. Top-level domains.
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.
BlindEagle’s primary method to gain initial access to the targets’ systems is through phishing emails. Figure 2: Example BlindEagle phishing email spoofing DIAN with a PDF attachment and malicious link in the email body.The download URL directs the victim to a password-protected ZIP archive. gov.co" top-level domain.
Phishing remains one of the top cyber threats faced by organizations, and as phishing scams become more sophisticated, security leaders need clearer insights into phishing risks across their industry and geography to prioritize defenses. million users across more than 35,000 global organizations that use KnowBe4's platform.
“The company has robust internal processes and a system of advanced security technology in place to detect phishing attempts and protect itself from such attacks. “The buyers were state-owned Life Insurance Corporation of India (LIC), New India Assurance and General Insurance Corporation. “A total of 44.4
Generative AI tools can more convincingly write phishing emails so that the tell-tale signs of a scamlike misspellings and clumsy grammarare all but gone. Cybercrime is a very mature field that relies on a set of well-established tools, such as phishing, information stealers, and ransomware that are already feature complete.
Cybersecurity researchers at Zscaler ThreatLabz have uncovered a new wave of attacks by the BlindEagle APT group, this time zeroing in on the Colombian insurance sector. Utilizing phishing emails masquerading... The post BlindEagle APT Targets Colombian Insurance with BlotchyQuasar RAT appeared first on Cybersecurity News.
Since its emergence in 2021, Medusa has targeted over 300 victims across various critical infrastructure sectors, including medical, education, legal, insurance, technology, and manufacturing. What is Medusa ransomware?
AI-powered malware and phishing schemes can adapt to defenses in real time, making them harder to detect and counter. Expansion of Cyber Insurance As cyberattacks grow in frequency and scale, the demand for cyber insurance will surge. Organizations must invest in advanced AI-based security tools to stay ahead.
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