Remove 2020 Remove Cyber Attacks Remove Cyber Risk Remove Ransomware
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Episode 238: Robots Are The Next Frontier In Healthcare Cyber Risk

The Security Ledger

about his firm’s discovery of a string of critical security flaws in an autonomous medical robot, TUG, that is already deployed in hundreds of clinical settings and the growing issue of medical device insecurity and cyber risks to healthcare. Robots Driving Cyber Risk. Read the whole entry. »

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Cyber Attack on Ardent Health Closes 3 of Its 30 Emergency Rooms

SecureWorld News

Ardent Health Services, a Nashville-based healthcare provider, fell victim to a ransomware attack on Thanksgiving Day morning, November 23, that disrupted its IT operations and forced hospitals to divert emergency room patients to other facilities.

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Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

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.

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A Ransomware Group Claims to Have Breached the Foxconn Factory

Hacker Combat

ransomware to conduct the cyber-attack, the hackers threaten to expose stolen files unless the company pays a ransom. Unfortunately, this isn’t the first time the company has experienced such an attack. The ransomware gang demanded over $34 million in bitcoin to be paid as ransom. using the LockBit 2.0

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RSAC insights: Sophos report dissects how improved tools, tactics stop ransomware attack

The Last Watchdog

A new report from Sophos dissects how hackers spent two weeks roaming far-and-wide through the modern network of a large enterprise getting into a prime position to carry out what could’ve been a devasting ransomware attack. A surge in ProxyLogon attacks spiked in February and March and has yet to fully abate.

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The future of cyber insurance

IT Security Guru

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.

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As market for cyber insurance booms, watchdog calls for better data

SC Magazine

Data from at least one insurance broker tracked a near doubling of clients who were opting in for cyber-specific insurance from 26% in 2016 to 47% in 2020. Lyle said the same rush of companies to shift some of their financial risks around cybersecurity to insurance also likely contributed to those increases.