CyberSecurity Insiders

JANUARY 19, 2022

There are more online stores and services available than ever, and you are able to shop for almost anything online whether it's groceries or insurance. In particular, insurance companies are tempting targets for cybercriminals as they hold personal and financial information for numerous clients. The vocabulary of cybersecurity.

Insurance 99

Insurance Cybercrime Cybersecurity Phishing 99

Malwarebytes

APRIL 27, 2022

You’ve likely only seen cybercrime insurance primarily mentioned in relation to attacks on businesses. Some folks think the mere presence of insurance simply encourages more attacks , and is hurting more than it’s helping. Personal insurance plans are slowly becoming a more visible and talked about topic.

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Cyber Insurance Insurance Backups Cryptocurrency 74

Hot for Security

FEBRUARY 24, 2021

The New York Department of Financial Services (NYDFS) has issued an alert to instant-quote websites, particularly car insurers, warning of a growing campaign to steal nonpublic information (NPI). On the Auto Quote Websites, the criminals entered valid name, any date of birth and any address information into the required fields.

Financial Services 122

Financial Services Insurance Cybercrime Hacking 122

Security Affairs

JULY 9, 2021

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.

Data breaches 141

Data breaches Insurance Ransomware Identity Theft 141

Security Boulevard

FEBRUARY 23, 2022

The post Insurance Won’t Pay for Identity Fraud Losses appeared first on Security Boulevard. Kenneth Bramlett, an orthopedic surgeon from Vestavia Hills, Alabama, decided to buy a bit more than a half-million dollars worth of gold coins.

Insurance 138

Insurance Accountability Identity Theft Cybercrime 138

Security Affairs

APRIL 23, 2023

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.

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Insurance Ransomware Education Accountability 78

Security Boulevard

MAY 21, 2021

Just a week after announcing it would no longer cover ransomware payments in France, global insurance company AXA has been hit with a targeted ransomware attack. The post Avaddon Targets Insurer AXA with Ransomware | Avast appeared first on Security Boulevard.

Insurance 138

Insurance Ransomware DDOS Banking 138

Heimadal Security

MARCH 3, 2021

In this guide, I will walk you through the main threats and cybercrime trends the financial sector needs to be aware of. With cybercrime rapidly evolving, so must the defense strategies set up by companies in any type of field, but especially by those in the financial sector.

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Insurance Banking Cybersecurity Cybercrime 59

Security Affairs

MAY 21, 2021

The US insurance giant CNA Financial reportedly paid a $40 million ransom to restore access to its files following a ransomware attack. CNA Financial, one of the largest insurance companies in the US, reportedly paid a $40 ransom to restore access to its files following a ransomware attack that took place in March. Pierluigi Paganini.

Insurance 98

Insurance Ransomware Cybercrime Hacking 98

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. The economic impact of cybercrime on business across the globe continues to reach new levels, with the cost predicted to reach US$10.5 Beazley plc (BEZ.L)

Cyber Risk 189

Cyber Risk Risk Insurance Energy and Utilities 189

Security Affairs

FEBRUARY 21, 2023

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. But since the sneaky insurance agent purposely negotiates so as not to pay for the insurance claim, only the insurance company wins in this situation.

Insurance 79

Insurance Ransomware Cyber Insurance Malware 79

Joseph Steinberg

OCTOBER 24, 2022

Of course, the occurrence of suspected cybercriminal activity during a session for business leaders about cybersecurity, and the fact that even attendees of such an event likely fell prey to the scam, only underscores how problematic cybercrime has already become, and how badly we need to improve in our fight against it.

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Cybersecurity Social Engineering Artificial Intelligence Scams 338

Security Boulevard

JUNE 10, 2021

Geography, price, and whether the healthcare provider is in their insurance network or not are often the main factors that lead consumers to choose a medical professional. The post The Growing Business Cost Of Healthcare Cybercrime appeared first on Security Boulevard.

Healthcare 66

Healthcare Cybercrime Insurance Cybersecurity 66

Malwarebytes

OCTOBER 11, 2023

The Philippine Health Insurance Corporation (PhilHealth), has confirmed that it was unprotected by antivirus software when it was attacked by the Medusa ransomware group in September. EDR can detect an intruder's suspicious activity in advance of them running ransomware, as well as being able to identify the ransomware itself.

Antivirus 99

Antivirus Insurance Ransomware Healthcare 99

Duo's Security Blog

OCTOBER 18, 2022

Tune into our upcoming webinar, “ Don’t Bet on Passwords, Use MFA to Insure Your Protection ,” to hear from Wolfgang Goerlich, an advisory CISO at Cisco Secure Access by Duo, an Matt Brooks, a Duo Product Marketing specialist. trillion USD annually by 2025?

Insurance 54

Insurance Passwords Cyber Insurance Authentication 54

The Hacker News

APRIL 10, 2023

With the increasing use of technology in our daily lives, cybercrime is on the rise, as evidenced by the fact that cyberattacks caused 92% of all data breaches in the first quarter of 2022. As technology advances, cyberattacks are becoming more sophisticated.

Cyber Insurance 94

Cyber Insurance Insurance Cybersecurity Data breaches 94

Krebs on Security

OCTOBER 1, 2020

” As financial losses from cybercrime activity and ransomware attacks in particular have skyrocketed in recent years, the Treasury Department has imposed economic sanctions on several cybercriminals and cybercrime groups, effectively freezing all property and interests of these persons (subject to U.S.

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Ransomware Cyber Insurance Insurance Cybercrime 361

Javvad Malik

FEBRUARY 27, 2023

According to a German study, lightning strikes accounted for 80% of wind turbine insurance claims. The German electric power company Energieerzeugungswerke Helgoland GmbH shut down and dismantled their Helgoland Island wind power plant after being denied insurance against further lightning losses.

Insurance 140

Insurance Social Engineering Manufacturing Cybercrime 140

Security Boulevard

APRIL 7, 2023

It resolves civil charges under the False Claim Act (FCA) for Jelly Bean’s failure to provide HIPAA-compliant website hosting for a federally funded program that offers health insurance to Florida children. The post DOJ Cybercrime Watchdog’s First Settlement Signals Crackdown on Small Businesses appeared first on Security Boulevard.

Small Business 69

Small Business Cybercrime Insurance Government 69

Heimadal Security

FEBRUARY 14, 2024

The two medical insurance companies announced at the beginning of February 2024 that they were victims of cybercrime. The French Data Protection Agency (CNIL) said both Viamedis and Almerys data breaches exposed the data of 33 million people.

Data breaches 82

Data breaches Cyber Attacks Insurance Healthcare 82

Joseph Steinberg

JUNE 15, 2021

.” Of course, even organizations that spend a billion dollars per year on cybersecurity are not immune to breaches – which is why financial institutions also utilize other cyber-risk management techniques, including implementing robust disaster recovery plans, and obtaining appropriate cyber-liability insurance.

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Cybersecurity Artificial Intelligence Banking Insurance 363

SecureWorld News

JUNE 29, 2020

Charged: Russian hacker running two cybercrime websites. When it came to cybercrime websites, Russian national Aleksei Burkov ran the gambit. See you in 2029, Aleksei Burkov. Entry into the "elite club" came with a price. "To And with that nine-year sentence, it looks like Burkov's crimes came with a price as well.

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Cybercrime Insurance Advertising Accountability 53

Digital Guardian

SEPTEMBER 1, 2023

but concerns over critical infrastructure, data privacy, and cyber insurance largely overshadow it. The operation against QakBot marks a cybersecurity win for the U.S., Catch up on these stories and more in this week’s Friday Five.

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Cyber Insurance Data privacy Cybercrime Insurance 52

CyberSecurity Insiders

APRIL 12, 2021

The costliest cybercrimes were against businesses, involving Business E-mail Compromise (BEC) schemes that added up to U.S. Phishing attacks topped the list of all cybercrimes, totaling 241,342 incidents – more than double the 2019 total of 114,702 – and causing losses of more than U.S. $54 54 million.

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Cybercrime Internet Internet Small Business 52

Krebs on Security

MARCH 17, 2023

Federal Bureau of Investigation (FBI) this week arrested a New York man on suspicion of running BreachForums , a popular English-language cybercrime forum where some of the world biggest hacked databases routinely show up for sale. Pompompurin has been something of a nemesis to the FBI for several years. In April 2022, U.S.

Data breaches 309

Data breaches Cybercrime Insurance Internet 309

Malwarebytes

FEBRUARY 13, 2023

The pressure on victims of cybercrime to notify authorities in a timely manner is increasing from many sides and for multiple reasons. In the take-down of the Hive ransomware group the international law enforcement agencies stressed how crucial it was that victims filed timely reports about the cybercrimes committed against them.

Insurance 74

Insurance Cybercrime Healthcare Data breaches 74

Security Boulevard

JANUARY 20, 2023

It is yet another level in cyber insurance. I hope these cyber insurers don’t keep organizations from doing the things they need to never have to utilize their insurance, only time will tell." Insight #3 " It’s time to start requiring third parties you do business with have cyber insurance.

CISO 75

CISO Cyber Insurance Insurance Cybersecurity 75

Krebs on Security

MAY 23, 2020

Secret Service warned of “massive fraud” against state unemployment insurance programs , noting that false filings from a well-organized Nigerian crime ring could end up costing the states and federal government hundreds of millions of dollars in losses. Meanwhile, a number of U.S. Last week, the U.S. ” STATE WEB SITE WOES.

Insurance 334

Insurance Accountability Banking Government 334

Security Affairs

MAY 12, 2024

In December 2023, Elliptic and Corvus Insurance published a joint research that revealed the group accumulated at least $107 million in Bitcoin ransom payments since early 2022. Follow me on Twitter: @securityaffairs and Facebook and Mastodon Pierluigi Paganini ( SecurityAffairs – hacking, cybercrime) ” reads the CSA.

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Ransomware Hacking Healthcare Retail 113

CyberSecurity Insiders

NOVEMBER 13, 2022

Already, from the past two months, the IT infrastructure owned by the government agencies such as telecom and insurance are being constantly targeted by state funded hackers. In case of ransomware, the victim is being asked to shell out millions to free up data.

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Ransomware Insurance Cryptocurrency Cybercrime 130

Krebs on Security

APRIL 16, 2024

KrebsOnSecurity examined posts across dozens of cybercrime forums around that time, and found only one instance of someone selling large volumes of tax data in the year surrounding the breach date. A ten-year retrospective published in 2022 by The Post and Courier in Columbia, S.C. said investigators determined the breach began on Aug.

Identity Theft 230

Identity Theft Banking Cybercrime Hacking 230

Krebs on Security

JULY 23, 2020

In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. based First American [ NYSE:FAF ] is a leading provider of title insurance and settlement services to the real estate and mortgage industries. It employs some 18,000 people and brought in $6.2 billion in 2019.

Insurance 299

Insurance Financial Services Penetration Testing Scams 299

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 63

Insurance Cryptocurrency Cyber threats Marketing 63

SecureWorld News

OCTOBER 13, 2023

The incident, tracked as CVE-2023-34362 , was exploited by the notorious Cl0p ransomware group , a Russian-speaking cybercrime gang. An unnamed insurance company is also pursuing the recovery of expenses incurred due to the MOVEit vulnerability.

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Data breaches Software Insurance Cybercrime 102

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 (..)

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Data breaches Computers and Electronics Cybercrime Ransomware 105

Krebs on Security

JUNE 18, 2021

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.

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Insurance Risk Financial Services CISO 280

CyberSecurity Insiders

SEPTEMBER 20, 2021

Invest in cybersecurity insurance. Cybersecurity insurance involves the transfer of financial risk that may arise from doing business online. Due to the fluctuating nature of cybersecurity risks, these insurance policies keep changing. Cybersecurity insurance is ideal for companies that create, store, and manage electronic data.

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Cybersecurity Insurance Passwords Encryption 121