article thumbnail

HardBit ransomware demands ransom based on insurance cover

CyberSecurity Insiders

But now a new file encrypting malware variant has emerged onto the block that demands ransom, based on the insurance cover. ransomware does so during negotiations and tries to find the exact amount to be covered with the cyber insurance and then demands ransom.

Insurance 124
article thumbnail

University of Utah pays a $457,000 ransom to ransomware gang

Security Affairs

The university notified appropriate law enforcement entities, and the university’s Information Security Office (ISO) investigated and resolved the incident in consultation with an external firm that specializes in responding to ransomware attacks.” ” reads a press release published by the University.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Ransomware Attack Hits Carnival Cruise Corporation: What We Know

SecureWorld News

Securities and Exchange Commission, notifying the SEC of the data breach. Hackers encrypted some files. Security researcher and pentester Vinny Troia tells SecureWorld that although some hackers love making headlines and the notoriety of it all, most have a very specific motivation for their attacks: "Money, money.

article thumbnail

HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost

Security Affairs

For those who have cyber insurance against ransomware attacks. Insurance companies require you to keep your insurance information secret, this is to never pay the maximum amount specified in the contract or to pay nothing at all, disrupting negotiations. Very important! reads the ransom note.

article thumbnail

Security Compliance & Data Privacy Regulations

eSecurity Planet

Thus, it can be difficult for even small enterprises to keep up with information security and data privacy compliance. Sometimes, however, information security, data privacy, and IT compliance overall are people problems more than they are pure data problems. Security, Privacy and Compliance Can Conflict.

article thumbnail

Maze Ransomware operators claim to have stolen millions of credit cards from Banco BCR

Security Affairs

The hackers claim to have compromised the Banco BCR’s network in August 2019, and had the opportunity to exfiltrate its information before encrypting the files. Banco BCR has yet to disclose the security breach. Please vote Security Affairs for European Cybersecurity Blogger Awards – VOTE FOR YOUR WINNERS [link].

article thumbnail

How Not to Pay the Ransom? No Soup For You, Ransomware!

Thales Cloud Protection & Licensing

Cyber crooks are getting more sophisticated and IT professionals have tough times struggling to detect and block malicious interventions at early stages. Be it health care or information security, it reasonably attempts to take actions in advance. Your own systems may fail to process the encryption key. Remember all this!