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Airlines, insurance firms, and other industries are finding themselves in the crosshairs of increasingly sophisticated hackers, and experts say both businesses and individuals must act now to avoid falling victim. Insurance and payroll firms also breached Beyond airlines and retailers, insurance and benefits providers are also under siege.
Health insurance information: Details about primary, secondary, or other health plans/policies, insurance companies, member/group ID numbers, and Medicaid-Medicare-government payor ID numbers. Enable two-factor authentication (2FA). Some forms of two-factor authentication (2FA) can be phished just as easily as a password.
The tech giant may have used this data for targeted advertising, according to Blue Shield, which is one of the largest health insurers in the US. Blue Shield a nonprofit health insurer serving nearly 6 million members, used Google Analytics to monitor how customers interacted with its websites to improve services. .”
The Office for Civil Rights (OCR) at the HHS confirmed that it prioritized and opened investigations of Change Healthcare and UnitedHealth Group, focused on whether a breach of protected health information (PHI) occurred and on the entities’ compliance with the Health Insurance Portability and Accountability Act of 1996 (HIPAA) Rules.
AI-powered malware and phishing schemes can adapt to defenses in real time, making them harder to detect and counter. Companies will adopt stricter identity verification and access controls, ensuring that even internal users face rigorous authentication processes.
Social Security Numbers (SSN) Health insurance information CCB is posting lettersalong the lines of this California example to everyone who may be impacted. Enable two-factor authentication (2FA). Some forms of two-factor authentication (2FA) can be phished just as easily as a password. Watch out for fake vendors.
By focusing on identity and access management (IAM), multi-factor authentication (MFA), and micro-segmentation, ZTA provides a robust defense against modern threats. We are seeing increased use of AI to automate attacks, including malware generation and phishing campaigns.
That has worried some experts who have pointed out that a new owner could, for instance, hand over customer data to insurance companies to hike up monthly premiums, or to data brokers to power increasingly invasive, targeted advertising. Enable two-factor authentication (2FA). 2FA that relies on a FIDO2 device cant be phished.
Enable two-factor authentication (2FA). Some forms of two-factor authentication (2FA) can be phished just as easily as a password. 2FA that relies on a FIDO2 device cant be phished. Better yet, let a password manager choose one for you. If you can, use a FIDO2-compliant hardware key, laptop or phone as your second factor.
Crypto companies must now adopt advanced cybersecurity measures to ward off sophisticated threats such as malware and phishing attacks, and there's likely to be an increased focus on developing comprehensive insurance and risk management strategies to mitigate potential financial losses."
As the report starkly states: "The three primary ways in which attackers access an organization are stolen credentials, phishing and exploitation of vulnerabilitiesacross every single industry." Phishing accounted for nearly 25% of all breaches. Threat actors aren't brute-forcing their way inthey're logging in through the front door.
Since its emergence in 2021, Medusa has targeted over 300 victims across various critical infrastructure sectors, including medical, education, legal, insurance, technology, and manufacturing. What is Medusa ransomware?
Thales OneWelcome Identity Platform and HIPAA Compliance in 2025 madhav Wed, 03/19/2025 - 05:58 The Health Insurance Portability and Accountability Act (HIPAA) has undergone significant changes in 2025, introducing enhanced requirements to address growing cyber threats and ensure comprehensive data protection.
The event is sponsored by the Federal Trade Commission (FTC), and other participating agencies include the Federal Deposit Insurance Corporation (FDIC), AARP , and the Better Business Bureau (BBB). Beware before you share Phishing scams Avoid clicking on malicious links in emails and social media.
RIBridges supports state programs like Medicaid, SNAP, Rhode Island Works, childcare assistance, long-term care, and HealthSource RI insurance. Rhode Islanders are urged to protect their financial information by freezing and monitoring credit, enabling multi-factor authentication, and avoiding phishing scams.
Tech companies are adopting cybersecurity by design, embedding encryption, biometrics, and multi-factor authentication into products. Government initiatives and awareness campaigns will educate users on phishing and malware threats.
As of February 2025, Medusa developers and affiliates have impacted over 300 victims from a variety of critical infrastructure sectors with affected industries including medical, education, legal, insurance, technology, and manufacturing.” ” reads the joint advisory.
Generative AI sustains sophisticated, multi-channel social engineering for phishing campaigns to gain access privileges to critical infrastructure. A decade after the Ukraine blackout began with a spear-phishing email, social engineering remains potent. Critical infrastructure is particularly vulnerable at a device level.
A lack of multifactor authentication (MFA) to protect privileged accounts was another culprit, at 10%, also 7 percentage points lower than average. Among FinServ organizations, 73% have adopted multifactor authentication (MFA) to secure cloud data access, nearly matching the overall average of 74%.
Key Points Phishing incidents rose during the reporting period (August 1 to October 31, 2024), accounting for 46% of all customer incidents. This increase is likely driven by high employee turnover and easy access to phishing kits. Meanwhile, “RansomHub” is rising rapidly due to its attractive ransomware-as-a-service (RaaS) model.
Financial services industry: Banks, insurance companies and other financial organizations offer a wealth of opportunity for hackers who can use stolen bank account and credit card information for their own financial gain. In 2024, there were 14 data breaches involving 1 million or more healthcare records.
Multi-factor authentication (MFA) and role-based access controls are your best friends here. Case in Point : In 2019, First American Title Insurance Company experienced a significant data exposure incident, revealing sensitive customer documents due to a vulnerability in their document-sharing application.
To do this, you can run organizational surveys about security knowledge, conduct a baseline phishing simulation, and evaluate previous incidents. You can use a dedicated security awareness and training offering that combines modern phishing simulations with risk-based training modules. Competition Cyber Risk Assessments What Is?
Cunningham John Paul Cunningham , CISO, Silverfort Identity-based attacks in 2024, like those on Microsoft and Snowflake, are prompting insurers to intensify scrutiny in 2025. Our research reveals 69% of breaches are rooted in inadequate authentication and 78% of organizations have been targeted by identity-based attacks.
87 The implementation of multi-factor authentication (MFA) is no longer optional. With the widest range of supported authenticators, Duo helps organizations transition away from weaker SMS and phone-call 2FA and towards push-based smartphone apps with verified number matching and phishing-resistant or passwordless authenticators.
Sophisticated social engineering tactics, phishing campaigns, or financial incentives make it easier for cybercriminals to use insiders as tools for gaining access and maintaining their foothold in systems rather than hacking in. Cyber threats often exploit human errors, whether through phishing attacks, weak passwords, or lapses in protocol.
Techniques such as Image Signature Verification allow you to verify the authenticity and integrity of container images, ensuring only secure, reliable containers are deployed. 6 Alerts Back Unread All Inside the criminal mind: Trend’s deep dive into cybercrime.
Expect to see AI-enabled phishing campaigns, deepfake scams, and automated attacks grow in complexity. While compliance enforces behavior through rules and consequenceslike being forced to exercisetrue buy-in reflects authentic understanding and commitment. Let me unpack what I mean. could reduce identity theft and build trust online.
Identity & Access Management (IAM) with Adaptive Authentication (e.g., Okta Identity Cloud, Ping Identity) How they help These platforms move beyond traditional IAM by using behavioral analytics and risk-based authentication to dynamically adjust access permissions. Cyber Insurance with AI-Driven Risk Assessments (e.g.,
Insurance companies have shown that their interest in buying specific medical information, like prescriptions that identify medical conditionssuch as HIV, cancer, or psychiatric disorders. Cybercriminals can use PHI against affected individuals to phish or extort them. Enable two-factor authentication (2FA). Take your time.
It supports continuous authentication for enhanced security and zero trust operations. 6 Alerts Back Unread All Inside the criminal mind: Trend’s deep dive into cybercrime. close Read report > Cloud security that leads: Centralized, multi-layered protection now named a CNAPP Leader by IDC.
The Web site for Fortune 500 real estate title insurance giant First American Financial Corp. based First American is a leading provider of title insurance and settlement services to the real estate and mortgage industries. No authentication was required to read the documents. First American Financial Corp. Image: Linkedin.
You’ve probably never heard of “ 16Shop ,” but there’s a good chance someone using it has tried to phish you. A 16Shop phishing page spoofing Apple and targeting Japanese users. Image: Akamai.com. The INTERPOL statement says the platform sold hacking tools to compromise more than 70,000 users in 43 countries.
Naturally, a great deal of phishing schemes that precede these bank account takeovers begin with a spoofed text message from the target’s bank warning about a suspicious Zelle transfer. Ken Otsuka is a senior risk consultant at CUNA Mutual Group , an insurance company that provides financial services to credit unions.
Without cyber insurance , you can expect to pay a dizzying amount of cash. In 2022 alone, the average cost of a data breach for businesses under 1,000 employees was close to $3 million—and these costs are coming from activities that cyber insurers typically cover, such as detecting and responding to the breach. Fixed rate.
Threat actors exploited an open redirection vulnerability in the job search platform Indeed to carry out phishing attacks. Researchers from the cybersecurity firm Menlo Security reported that threat actors exploited an open redirection vulnerability in the job search platform Indeed in phishing attacks. ” continues the report.
And, let’s be honest , the deceptive writing phishing assaults and other cyber threats today employ are skilled enough to fool even the most trained, internet-savvy experts. Phishing emails and messages may appear from a company you’re familiar with or trust, and they can appear to be from a credit card company or a bank.
While verification and authentication are terms that are often used interchangeably, they are in fact two separate operations. Digital verification and authentication play a critical role in preventing fraud and cyberattacks. However, if an insurance company uses a legacy system (see “ What is a legacy system in insurance?
One area where campuses have been collaborating recently are changes around cyber liability insurance for higher education, an opportunity for campus cybersecurity teams to combine forces with their risk management team. In a recent Duo blog post, we gave an overview of cyber liability insurance.
Passwords are the most common authentication tool used by enterprises, yet they are notoriously insecure and easily hackable. At this point, multi-factor authentication (MFA) has permeated most applications, becoming a minimum safeguard against attacks. Jump to: What is multi-factor authentication? MFA can be hacked.
Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. With cyber attacks amounting to a question of when and not if, cyber insurance becomes crucial for ensuring business continuity and mitigating the business impact of attacks – should they occur. Tue, 05/10/2022 - 05:43.
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. And the most popular attack vector was phishing. 4 key takeaways from cyber insurance industry report.
Bill said this criminal group averages between five and ten million email authentication attempts daily, and comes away with anywhere from 50,000 to 100,000 of working inbox credentials. “For context, our research indicates that multi-factor authentication prevents more than 99.9% ” The Gift Card Gang’s Footprint.
In May 2023, a phishing campaign was launched that targeted a major U.S. energy company, as well as organizations in other industries, such as finance, insurance, manufacturing, and technology. This phishing scam is a reminder of the dangers of QR codes. Report it as a phish, delete, or ignore.
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