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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Ransomware Insurance Encryption Healthcare 123

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 114

Healthcare Ransomware Identity Theft Data breaches 114

Schneier on Security

MARCH 8, 2019

This will complicate things: To complicate matters, having cyber insurance might not cover everyone's losses. Zurich American Insurance Company refused to pay out a $100 million claim from Mondelez, saying that since the U.S.

Insurance 215

Insurance Cyber Insurance Cybersecurity Government 215

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 333

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

Backups 252

Backups Ransomware Insurance Encryption 252

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

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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Cyber Insurance Insurance Data breaches Risk 222

Bleeping Computer

AUGUST 18, 2021

Tokio Marine Holdings, a multinational insurance holding company in Japan, announced this week that its Singapore branch, Tokio Marine Insurance Singapore (TMiS), suffered a ransomware attack. [.].

Insurance 138

Insurance Ransomware 138

Digital Shadows

JANUARY 22, 2025

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. These methods enable unauthorized access, credential theft, and ransomware deployment, severely disrupting operations and eroding customer trust.

Insurance 64

Insurance Phishing Social Engineering Engineering 64

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.

Data breaches 145

Data breaches Insurance Ransomware Identity Theft 145

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

Tech Republic Security

JULY 4, 2024

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

Insurance 166

Insurance Cyber Insurance Marketing Backups 166

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.

Ransomware 76

Ransomware Backups Firmware Insurance 76

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.

Healthcare 320

Healthcare Ransomware Antivirus Hacking 320

Hot for Security

MAY 7, 2021

Insurance giant AXA has said that it is no longer writing cyberinsurance policies in France that cover ransom payments to extortionists. In addition, it will not affect existing policies that companies may have with the insurer. The only question then is – will your insurance company cover you for that ransom payment, or not?

Insurance 145

Insurance Ransomware Retail Cryptocurrency 145

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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Ransomware Insurance Cyber Insurance Government 75

Bleeping Computer

MAY 16, 2021

Branches of insurance giant AXA based in Thailand, Malaysia, Hong Kong, and the Philippines have been struck by a ransomware cyber attack. As seen by BleepingComputer yesterday, the Avaddon ransomware group claimed on their leak site that they had stolen over 3 TB of sensitive data from AXA's Asian operations. [.].

Insurance 145

Insurance Ransomware Cyber Attacks 145

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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Insurance Ransomware Cybersecurity 121

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.

Insurance 124

Insurance Ransomware Cyber Insurance Encryption 124

Krebs on Security

DECEMBER 7, 2019

A Colorado company that specializes in providing IT services to dental offices suffered a ransomware attack this week that is disrupting operations for more than 100 dentistry practices, KrebsOnSecurity has learned. When asked about reports of a ransomware attack on his company, Miner simply said it was not a good time and hung up.

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Ransomware Backups Insurance Wireless 246

Security Boulevard

FEBRUARY 20, 2025

Cyber insurance used to be an optional safety net. With ransomware, data breaches, and cyberattacks on the rise, companies need protection against financial losses. The post How CTEM Impacts Cyber Security Insurance Premiums? The post How CTEM Impacts Cyber Security Insurance Premiums? Its a must-have.

Insurance 59

Insurance Cyber Insurance Data breaches Ransomware 59

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.

Cyber Insurance 145

Cyber Insurance Insurance Ransomware Cybersecurity 145

Malwarebytes

JANUARY 10, 2025

The RansomHub ransomware group claims to have exfiltrated an enormous 1.5 Here, the ransomware group lays blame on the company itself. This isn’t rare for a ransomware group, as the tactics and vernacular are often based around shame, guilt, and a pre-teen-like arrogance.

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Ransomware Data breaches Passwords Phishing 96

Tech Republic Security

APRIL 8, 2022

A new report from Black Kite shows the entire sector may be ripe for ransomware attacks. The post Insurance industry being ravaged by high rate of cyberattacks appeared first on TechRepublic.

Insurance 153

Insurance Ransomware 153

Graham Cluley

FEBRUARY 22, 2023

A ransomware outfit is advising its victims to secretly tell them how much insurance they have, so their extortion demands will be met. Read more in my article on the Tripwire State of Security blog.

Insurance 118

Insurance Cyber Insurance Ransomware Malware 118

Security Affairs

JANUARY 26, 2025

In early March, the Alphv/BlackCat ransomware gang claimed responsibility for the attack and added the company to its Tor leak site. A month later, a second ransomware gang, the RansomHub group, also attempted to extort the healthcare company. According to the Associated Press, UnitedHealth booked $1.1 population.”

Healthcare 127

Healthcare Data breaches Insurance Cybercrime 127

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.

Cyber Insurance 110

Cyber Insurance Insurance Ransomware Risk 110

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.

Cyber Insurance 98

Cyber Insurance Insurance Ransomware Marketing 98

Malwarebytes

JANUARY 27, 2025

In May, UnitedHealth CEO Andrew Witty estimated that the ransomware attack compromised the data of a third of US individuals when he testified before the Senate Finance Committee on Capitol Hill. The ALPHV/BlackCat ransomware group claimed the initial attack.

Data breaches 127

Data breaches Healthcare Passwords Insurance 127

Joseph Steinberg

AUGUST 5, 2021

Understanding the difference between the two is also essential when seeking to obtain – and when acquiring – cyber-liability insurance. Likewise, if you purchase appropriate first-party insurance, your insurance policy should cover the relevant losses – as the losses are borne directly by the policyholder (your business).

Insurance 141

Insurance Risk Data breaches Artificial Intelligence 141

IT Security Guru

FEBRUARY 28, 2023

Cyber insurers are losing money. Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyber risk a potentially uninsurable area due to falling profitability.

Cyber Insurance 131

Cyber Insurance Insurance Marketing Cyber Attacks 131

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.

Data breaches 115

Data breaches Insurance Healthcare Ransomware 115

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? .

Insurance 129

Insurance Cyber Attacks Cyber Insurance Ransomware 129

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.

Data breaches 145

Data breaches Ransomware Passwords Insurance 145

CSO Magazine

MAY 15, 2023

Companies with cyber insurance are more likely to get hit by ransomware, more likely to be attacked multiple times, and more likely to pay ransoms, according to a recent survey of IT decision makers. To read this article in full, please click here

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Insurance Cyber Insurance Ransomware Encryption 123

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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Insurance Cyber Attacks Cyber Insurance Manufacturing 134

CSO Magazine

JUNE 14, 2023

Finding the right insurance has become a key part of the security equation, which is no surprise given that the average cost of a data breach in the US has risen to $9.44 The global cyber insurance market was valued at $13.33 The global cyber insurance market was valued at $13.33 billion in 2023 to $84.62 billion by 2030.

Insurance 121

Insurance Data breaches Cyber Insurance Marketing 121