article thumbnail

Insurance firm CNA discloses data breach after March ransomware attack

Security Affairs

Insurance giant CNA notifies customers of a data breach after the Phoenix CryptoLocker ransomware attack suffered in March. US insurance giant CNA is notifying customers of a data breach after the ransomware attack that it suffered in March. Bloomberg was informed about the payment by two people familiar with the attack.

article thumbnail

Health insurer Point32Health suffered a ransomware attack

Security Affairs

Non-profit health insurer Point32Health suffered a ransomware attack and has taken systems offline in response to the incident. Non-profit health insurer Point32Health has taken systems offline in response to a ransomware attack that took place on April 17. ” reads the statement published by the insurer.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Graff paid a $7.5M ransom and sued its insurance firm for refusing to cover this payment

Security Affairs

million) ransom to Conti to avoid the leak of its customers’ data and sued its insurance company Travelers for refusing to cover the ransom payment. It seems that the initial request of the Conti gang was $15 million, but it was halved after a negotiation with the cybercrime gang. Graff decided to pay a £6m ($7.5

article thumbnail

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

Security Affairs

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. For those who have cyber insurance against ransomware attacks. That way you would have avoided a leak and decrypted your information. Very important! reads the ransom note.

article thumbnail

Insurance Occurrence Assurance?

Andrew Hay

Though the breaches are concerning, the real story is that the financial institution suing its insurance provider for refusing to fully cover the losses. This, unfortunately, is the nature of insurance. Cyber security insurance cannot and should not, however, be viewed as your primary means of defending against an attack.

article thumbnail

Healthcare firm WebTPA data breach impacted 2.5 million individuals

Security Affairs

According to the notice published by the company, WebTPA acts as an administrative services provider to certain benefit plans and insurance companies whose information was impacted in this incident. “The investigation concluded that the unauthorized actor may have obtained personal information between April 18 and April 23, 2023.”

article thumbnail

First American Financial Pays Farcical $500K Fine

Krebs on Security

The SEC says First American derives nearly 92 percent of its revenue from its title insurance segment, earning $7.1 Title insurance protects homebuyers from the prospect of someone contesting their legitimacy as the new homeowner. Title insurance is not mandated by law, but most lenders require it as part of any mortgage transaction.

Insurance 289