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Insurance and Ransomware

Schneier on Security

Here’s one more contribution to that issue: a research paper that the insurance industry is hurting more than it’s helping. However, the most pressing challenge currently facing the industry is ransomware. To date, the UK government has taken a light-touch approach to the cyber insurance industry.

Insurance 274
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U.S., U.K. Authorities Take Down Notorious LockBit Ransomware Operation

SecureWorld News

In a massive coordinated effort, law enforcement agencies from the United States and United Kingdom have dismantled the infrastructure of the notorious LockBit ransomware gang. However, international law enforcement agencies were able to penetrate the operation. The joint operation was known as "Operation Cronos."

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Cisco’s 7 Guiding Principles of Government Data Demands

Cisco Security

At Cisco, we empower our customers to control their data. Protecting the privacy, integrity, and confidentiality of data in our possession is of utmost importance. Our Principled Approach drives our policies and procedures in how we operate as a company when receiving government demands for data: .

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More details about Operation Cronos that disrupted Lockbit operation

Security Affairs

Law enforcement provided additional details about the international Operation Cronos that led to the disruption of the Lockbit ransomware operation. Yesterday, a joint law enforcement action, code-named Operation Cronos , conducted by law enforcement agencies from 11 countries disrupted the LockBit ransomware operation.

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Generative AI Governance: Balancing Innovation and Ethical Responsibility

Centraleyes

Breakthroughs in machine learning, advanced computing, and cognitive reasoning are revolutionizing industries and reshaping how we envision the future of technology. Transparency : Making AI systems transparent and understandable to stakeholders, including how decisions are made and how data is used.

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Generative AI Governance: Balancing Innovation and Ethical Responsibility

Centraleyes

Breakthroughs in machine learning, advanced computing, and cognitive reasoning are revolutionizing industries and reshaping how we envision the future of technology. Transparency : Making AI systems transparent and understandable to stakeholders, including how decisions are made and how data is used.

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BlackCat Eats into Its Nine Lives, Threatens More Attacks on Hospitals

SecureWorld News

BlackCat has made the healthcare industry a prime target over the past year, victimizing providers, insurers, and now healthcare IT suppliers like Change Healthcare, a unit of Optum. BlackCat leveraged the sensitive data stolen in the breach to demand huge ransom payments. This decentralized approach allows them to cast a wide net.