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Ransomware attack on New York Law Department

CyberSecurity Insiders

A state-funded cyber attack has led to the New York Law Department hack disrupting legal proceedings from Saturday last week. And sources confirm that the disruption was caused by file-encrypting malware i.e. ransomware and it might take some time for the department to pull back the operations to normalcy.

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A Cyber Insurance Backstop

Schneier on Security

The malware ultimately infected more than 40,000 of Merck’s computers, which significantly disrupted the company’s drug and vaccine production. 11, 2001, terrorist attacks. The 9/11 attacks cost insurers and reinsurers $47 billion.