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Scattered Spider Swarms Insurance Sector with Targeted Cyber Attacks, Google Warns

SecureWorld News

Scattered Spider, the notorious threat group known for targeting major retailers and employing advanced social engineering techniques, has reportedly shifted its focus to the U.S. insurance industry, according to a new warning from Google's Threat Intelligence Group (GTIG). based insurance companies. Attacks Spark U.S.

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Lloyd’s to end insurance coverage for state cyber attacks

Javvad Malik

Lloyds of London has told its members to exclude nation state cyber attacks from insurance policies beginning in 2023, saying they pose unacceptable levels or risk. So who will decide whether an attack is a nation state or just little Timmy trying to impress his friends on the Discord channel?

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Report Finds 50% of Scattered Spider Phishing Domains Targeted Finance & Insurance

Digital Shadows

Were thrilled to unveil our latest threat landscape report for the finance and insurance sector, offering in-depth analysis of the evolving cyber threats facing this industry. Stolen data is weaponized in double-extortion schemes, with ransom demands averaging $69 million.

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Krispy Kreme Cyber Attack a Wake-Up Call for the Food Industry

SecureWorld News

Despite these setbacks, the company has stated that, with its cyber insurance coverage and ongoing remediation efforts, it doesn't expect a long-term material impact on its business fundamentals. The incident contributed to a short-term stock price dip of about 2% and added to operational expenses during the recovery phase.

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Cyber Attack on Succession Wealth and NHS Staff Data Leaked

CyberSecurity Insiders

Succession Wealth, a financial wealth management service offering company, has released a press statement that a cyber attack targeted its servers and it can only reveal details after the investigation gets concluded. Prima Facie revealed that hackers accessed no client data in the attack.

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Top Cyber Attacker Techniques, August–October 2024

Digital Shadows

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. This incident shows that while security tools are essential, phishing emails can still slip through.

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4 ways businesses can save money on cyber insurance

Malwarebytes

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.