CyberSecurity Insiders

SEPTEMBER 29, 2021

London based Giant Group has confirmed that its IT infrastructure was suffering repercussions gained through a cyber attack on September 24th,2021 and all its phone, email and other payroll related servers were facing digital disruption.

Cyber Attacks 128

Cyber Attacks Insurance DDOS Backups 128

CyberSecurity Insiders

FEBRUARY 4, 2021

An analysis by the Risk Based Security data related to millions of customers might have accessed by hackers from a MySQL Databases exposing around 91 sensitive database, accounting to 22GB. Such credentials can also break into the consumer’s bank accounts, email accounts, or corporate networks.

Cyber Attacks 142

Cyber Attacks Insurance Scams Accountability 142

CyberSecurity Insiders

SEPTEMBER 12, 2022

The post Cyber Attack leads to serious data breach at UK Eurocell appeared first on Cybersecurity Insiders. If in case a breach occurs, businesses should notify victims of what type of data was exposed, risks involved and actions taken to help prevent and mitigate the risks from the company side. .

Data breaches 114

Data breaches Cyber Attacks Identity Theft Banking 114

Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. Cyber has changed everything around us – even the way we tackle geopolitical crisis and conflicts. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance.

Cyber Insurance 90

Cyber Insurance Insurance Risk Technology 90

CyberSecurity Insiders

MAY 26, 2021

A team of experts from the cyber arm of Congress is busy studying the costs involved when the critical infrastructure is targeted by cyber attacks. The post Congress to review Federal Cyber Terrorism Risk Insurance Program appeared first on Cybersecurity Insiders.

Insurance 78

Insurance Risk Cyber Insurance Cyber Attacks 78

SC Magazine

JUNE 28, 2021

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. Growing losses from ransomware attacks have…emphasized that the current reality is not sustainable for insurers either.

Cyber Insurance 136

Cyber Insurance Insurance Ransomware Marketing 136

Security Affairs

JANUARY 3, 2022

Which are the cyber attacks of 2021 that had the major impact on organizations worldwide in terms of financial losses and disruption of the operations? The attacks started in January, but the attackers’ activity intensified in recent weeks, according to the experts at security firm Volexity. Pierluigi Paganini.

Cyber Attacks 119

Cyber Attacks Ransomware Insurance Hacking 119

Security Boulevard

JULY 30, 2022

Staying Ahead of the Distortion of a Cyber Attack? Each firewall, IDS, MFA, and email security is built to protect and stop cyber attacks. In that case, they may upload fake documents that tell employees to transfer money from their accounts into the criminals’ accounts or compromise their security even more.

Cyber Attacks 108

Cyber Attacks Artificial Intelligence Education Cyber Insurance 108

SC Magazine

MAY 24, 2021

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

Cyber Insurance 94

Cyber Insurance Insurance Marketing Cyber Risk 94

SecureWorld News

SEPTEMBER 10, 2020

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. The number one type of cyber incident so far this year is ransomware.

Cyber Insurance 55

Cyber Insurance Insurance Ransomware Cyber Attacks 55

SecureWorld News

MAY 26, 2021

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year. cyber insurance market.

Cyber Insurance 58

Cyber Insurance Insurance Cyber Risk Marketing 58

Security Affairs

NOVEMBER 25, 2020

Limited company information accessed and stolen related to some of our business partners include bank account data and, for U.S. The post Belden discloses data breach as a result of a cyber attack appeared first on Security Affairs. partners, their taxpayer ID numbers. ” continues the statement. Pierluigi Paganini.

Data breaches 104

Data breaches Cyber Attacks Manufacturing Banking 104

The Last Watchdog

JULY 13, 2023

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. is the parent company of specialist insurance businesses with operations in Europe, United States, Canada, Latin America and Asia. Beazley plc (BEZ.L)

Cyber Risk 189

Cyber Risk Risk Insurance Energy and Utilities 189

Security Affairs

MAY 1, 2023

Bitmarck, one of the largest IT service providers for social insurance carriers in Germany, announced yesterday that it has suffered a cyber attack. The incident impacted statutory health insurance companies that have their IT operated by BITMARCK. “BITMARCK has identified a cyber attack.

Insurance 88

Insurance Data breaches Cyber Attacks Education 88

Schneier on Security

FEBRUARY 28, 2024

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. 11, 2001, terrorist attacks. The 9/11 attacks cost insurers and reinsurers $47 billion.

Cyber Insurance 228

Cyber Insurance Insurance Government Cyber Risk 228

Security Affairs

NOVEMBER 6, 2018

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?

Insurance 66

Insurance Cryptocurrency Cyber threats Marketing 66

CyberSecurity Insiders

FEBRUARY 8, 2021

Australia based Cann Group that indulges in specialized research related to Cannabis is said to have become a victim to a sophisticated cyber attack where the company lost $3.6 million to a cyber imposter. In what is known to our Cybersecurity Insiders, the company made several payments accounting to $3.6

Cybersecurity 123

Cybersecurity Insurance Cyber Attacks Accountability 123

CyberSecurity Insiders

DECEMBER 6, 2022

According to a report released to a renowned online news resource, a group named Chengdu, also known as APT41, was involved in the attack of infiltrating servers related to Small Business Administration (SBA) Loans and Unemployment Insurance funds prevailing in about 12 states.

Hacking 112

Hacking Small Business Insurance Cyber Attacks 112

Malwarebytes

JANUARY 26, 2022

Due to the evolving and growing impact of cybersecurity incidents there are some questions starting to arise about the way that insurance companies deal with the costs that are the results of such incidents. But cyber insurance comes in different flavors and sizes. Pharmaceutical giant Merck & Co. Merck suffered US$1.4

Insurance 89

Insurance Cyber Insurance Ransomware Data breaches 89

Security Affairs

OCTOBER 30, 2021

A cyber attack hit the UMass Memorial Health, threat actors had access to employee email system, potentially exposing patients info. Potentially exposed data include social security numbers, insurance information and medical information. ” reads a post published by The Telegram & Gazette.

Healthcare 99

Healthcare Insurance Data breaches Hacking 99

Cytelligence

OCTOBER 9, 2023

The Growing Importance of Cybersecurity in California’s Healthcare Industry Cyber attacks are increasing in frequency and sophistication. Patient records, insurance information, and intellectual property are just a few examples.

Healthcare 64

Healthcare Cybersecurity Cyber Attacks Cyber threats 64

SecureWorld News

MARCH 30, 2023

Joseph Carson, Chief Security Scientist and Advisory CISO at Delinea : "World Backup Day is a reminder for all organizations to review their backup strategy and ensure it is resilient against cyber attacks. Because when it comes to cyber attacks, the question is not if, but when.

Backups 95

Backups Insurance Cyber Attacks CISO 95

Duo's Security Blog

MAY 23, 2023

Compromised or stolen credentials is the second most common type of cybersecurity incident accounting for 27% of reported breaches, according to the Office of the Australian Information Commissioner (OAIC). However, a whopping 59% of cyber incidents involved malicious actors exploiting compromised or stolen credentials.

Authentication 108

Authentication Passwords Data breaches Phishing 108

Security Affairs

FEBRUARY 26, 2023

The investigation conducted by News Corporation (News Corp) revealed that attackers remained on its network for two years. In February 2022, the American media and publishing giant News Corp revealed it was the victim of a cyber attack from an advanced persistent threat actor that took place in January 2022.

Identity Theft 95

Identity Theft Data breaches Insurance Hacking 95

eSecurity Planet

OCTOBER 5, 2021

Spending money you hadn’t budgeted to hire experts to clean up an unexpected mess is at the bottom of every manager’s wish list, but in the case of a cyber attack as damaging as ransomware , turning incident response over to a pro may be the best thing you can do. Unbiased Investigation.

Ransomware 139

Ransomware Insurance Cyber Insurance Healthcare 139

Security Affairs

MARCH 17, 2024

France Travail data breach impacted 43 Million people Scranton School District in Pennsylvania suffered a ransomware attack Lazarus APT group returned to Tornado Cash to launder stolen funds Moldovan citizen sentenced in connection with the E-Root cybercrime marketplace case UK Defence Secretary jet hit by an electronic warfare attack in Poland Cisco (..)

Data breaches 112

Data breaches Computers and Electronics Cybercrime Ransomware 112

Krebs on Security

APRIL 26, 2021

who put a freeze on his credit files last year at Experian, Equifax and TransUnion after thieves tried to open multiple new payment accounts in his name using an address in Washington state that was tied to a vacant home for sale. Dune Thomas is a software engineer from Sacramento, Calif. and $24.99 and $24.99

Authentication 322

Authentication Accountability Identity Theft Account Security 322

Krebs on Security

OCTOBER 28, 2020

-based cyber intelligence firm Hold Security , KrebsOnSecurity in March told Gunnebo about a financial transaction between a malicious hacker and a cybercriminal group which specializes in deploying ransomware. ” It remains unclear whether the stolen RDP credentials were a factor in this incident.

Hacking 344

Hacking Ransomware Banking Accountability 344

Security Boulevard

MAY 12, 2022

Predictable recovery after cyber attacks helps organizations with lessons learned along with driving a business case for more investment from the board of directors. The Role Of Cybersecurity Insurance In A Predictive Security. What Is Not Covered Under Cyber Insurance? Getting in Right. This all comes at a cost.

Cyber Insurance 104

Cyber Insurance Insurance Marketing Firewall 104

Security Affairs

NOVEMBER 22, 2021

Utah Imaging Associates (UIA) discloses a security breach, on September 4, 2021 the company claims to have detected and blocked a cyber attack. Utah-based radiology medical center Utah Imaging Associates discloses a data breach that impacted 583,643 former and current patients. Utah Imaging Associates also notified the U.S.

Data breaches 96

Data breaches Identity Theft Healthcare Insurance 96

CyberSecurity Insiders

APRIL 15, 2021

In 2020, ransomware was the most widely-used method of delivering cyber attacks, accounting for 23% of security events handled by the IBM Security X-Force. One attack alone scored profits of more than $123 million for the perpetrators, according to an IBM report. Finance and insurance were at the top.

Ransomware 140

Ransomware Manufacturing Phishing Insurance 140

SecureWorld News

APRIL 9, 2024

[RELATED: Hospitals Seek Federal Help as Change Healthcare Ransomware Attack Disrupts Payments ] The attack has left hundreds, if not thousands, of providers all over the U.S. without the ability to get insurance approval for services ranging from a drug prescription to a life saving operation. But it's not just doctors.

Healthcare 100

Healthcare Computers and Electronics Insurance Hacking 100

Security Boulevard

AUGUST 7, 2022

This act and similar educational security mandates are seen to lack the requirement for mandatory implementation and accountability. K-12 schools have been under cyberattacks, including ransomware, malware, and brute force attacks against passwords. Can one account create an attack surface capable of disrupting the entire business?

Risk 67

Risk Insurance Ransomware Education 67

CyberSecurity Insiders

SEPTEMBER 14, 2022

The research carried out by Barracuda networks confirmed that most cyber attacks of ransomware genre do not make it to the news headlines as the CFOs,CTOs and CIOs hide the news because of the fear of losing a job.

Ransomware 115

Ransomware Healthcare Insurance Education 115

Security Boulevard

AUGUST 22, 2022

Even with ransomware costing billions of dollars in losses and cyber insurance claims, organizations are still impacted beyond the checkbook. Email phishing, brute force, and even employees leaving with a host of USB sticks, organizations face countless and often unreported cyber attacks.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance CISO 98

Security Affairs

SEPTEMBER 15, 2022

The Federal Bureau of Investigation (FBI) has issued an alert about cyber attacks against healthcare payment processors to redirect victim payments. The FBI also reported one attack in which the threat actors changed victims’ direct deposit information to a bank account under their control and redirected $3.1

Healthcare 88

Healthcare Social Engineering Accountability Passwords 88

Security Affairs

OCTOBER 30, 2018

According to the Girl Scouts of Orange County, an unknown threat actor gained access to an email account operated by the organization and used it to send messages. The account was compromised from Sept. “Out of an abundance of caution, we are notifying everyone whose information was in this email account,” Salcido added.

Data breaches 82

Data breaches Social Engineering Advertising Insurance 82