Malwarebytes

JANUARY 5, 2023

The Supreme Court of Ohio issued a ruling days before the New Year that a software and service provider shouldn't be covered by insurance against a ransomware attack as it didn't cause direct or physical harm to tangible components of software, as it doesn’t have any. its policy owner, denied the claim.

Insurance 81

Insurance Software Ransomware Media 81

Security Boulevard

NOVEMBER 23, 2022

Hospitals, government health agencies and other health care entities have a growing need to securely store and transfer personal data, both from patient to provider and with relevant agencies, insurers and regulators. The post How Health Care Data Encryption Fits Into Your Security Strategy appeared first on Security Boulevard.

Encryption 105

Encryption Insurance Government Risk 105

CyberSecurity Insiders

MAY 21, 2021

CNA Financial that offers customized business insurance-related services across the United States has reportedly paid $40 million to hackers to free up its database from the encryption-driven file-encrypting malware. . And the staff of CNA Insurance who negotiated the deal accepted and paid the demanded ransom in Bitcoins. .

Insurance 85

Insurance Ransomware Encryption Cryptocurrency 85

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. Now new details have emerged from the investigation, evidence confirms the data breach,à.

Data breaches 141

Data breaches Insurance Ransomware Identity Theft 141

Hot for Security

MAY 7, 2021

Insurance giant AXA has said that it is no longer writing cyberinsurance policies in France that cover ransom payments to extortionists. In addition, it will not affect existing policies that companies may have with the insurer. The only question then is – will your insurance company cover you for that ransom payment, or not?

Insurance 145

Insurance Ransomware Retail Cryptocurrency 145

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

CyberSecurity Insiders

MARCH 24, 2021

United States largest insurance provider CAN Insurance has become a recent victim to a cyber attack making its website and services inaccessible to users from the past three days. The insurance company has acknowledged the issue on Wednesday and admitted that some of its systems were disrupted by cyber attack.

Insurance 75

Insurance Ransomware Cyber Attacks Encryption 75

Thales Cloud Protection & Licensing

JULY 4, 2022

How Cybersecurity Insurance Can Work To Help An Organization. In the last 20+ years, cybersecurity insurance has added risk transference to the available palette of palliative choices. I recently spoke with Neira Jones and Danna Bethlehem about how cybersecurity insurance can work to help an organization. regulations.

Insurance 71

Insurance Cybersecurity Risk Data breaches 71

SC Magazine

APRIL 5, 2021

Facebook is among the companies that would like to incorporate end-to-end encryption to benefit users. United Kingdom Home Secretary Priti Patel is set to tell a conference of child protection activists that end-to-end encryption puts children at risk, according to a draft invitation seen by Wired UK.

Encryption 96

Encryption Cyber Insurance Insurance Risk 96

CyberSecurity Insiders

MAY 19, 2021

AXA, a French Multinational Insurance Company was reportedly hit by Avaddon Ransomware Gang last week halting IT operations in its offices located in the Philippines, Hong Kong, Malaysia, and Thailand. . . The post Avaddon ransomware gang targets AXA Insurance appeared first on Cybersecurity Insiders.

Insurance 64

Insurance Ransomware Banking Encryption 64

The Last Watchdog

JULY 30, 2018

One sliver of the $90 billion, or so, companies are expected to spend this year on cybersecurity products and services is an estimated $85 million they will shell out for encrypted flash drives. We discussed why encrypted flash drives have become established as a must-have portable business tool in the digital age. Park: Exactly.

Encryption 203

Encryption Passwords Authentication Government 203

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. Stop malicious encryption. Make it harder for intruders to operate inside your organization by segmenting networks and assigning access rights prudently.

Antivirus 99

Antivirus Insurance Ransomware Healthcare 99

Schneier on Security

FEBRUARY 28, 2024

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion. 11, 2001, terrorist attacks.

Cyber Insurance 236

Cyber Insurance Insurance Government Cyber Risk 236

eSecurity Planet

OCTOBER 18, 2022

However, even with the best planning, organizations can find a few users, machines, or systems that were overlooked or whose backup may be corrupted or encrypted. First, call the cyber insurance company that issued the organization’s cybersecurity policy. Insured companies often will not have options. Eliminate attacker access.

Ransomware 135

Ransomware Encryption Insurance Backups 135

Thales Cloud Protection & Licensing

APRIL 1, 2021

Protecting Sensitive Data with Luna Key Broker for Microsoft Double Key Encryption. Thales has integrated its Luna HSMs with DKE for Microsoft 365, which work together to enable organizations to protect their most sensitive data while maintaining full control of their encryption keys. Thu, 04/01/2021 - 14:04.

Encryption 79

Encryption Financial Services Data privacy Insurance 79

Krebs on Security

AUGUST 29, 2019

-based PerCSoft is a cloud management provider for Digital Dental Record (DDR), which operates an online data backup service called DDS Safe that archives medical records, charts, insurance documents and other personal information for various dental offices across the United States. PercSoft did not respond to requests for comment.

Backups 224

Backups Ransomware Insurance Encryption 224

Security Affairs

JANUARY 2, 2024

A team of researchers released a suite of tools that could help victims to decrypt data encrypted with by the Black Basta ransomware. Independent security research and consulting team SRLabs discovered a vulnerability in Black Basta ransomware’s encryption algorithm and exploited it to create a free decryptor.

Ransomware 118

Ransomware Encryption Insurance Malware 118

CyberSecurity Insiders

SEPTEMBER 20, 2021

Encryption and data backup. Data encryption is a protection strategy that renders data useless even when an intruder accesses it. Encrypting all your company’s sensitive data and private information ensures that it’s protected from data breaches. Invest in cybersecurity insurance.

Cybersecurity 121

Cybersecurity Insurance Passwords Encryption 121

CyberSecurity Insiders

DECEMBER 29, 2022

In one of the strange decisions taken by Ohio Supreme Court over a previous judgement pronounced earlier by Ohio Second District Court, the law stated that there must be a direct physical loss or damage to a company in the event of a file encrypting malware disaster.

Software 99

Software Ransomware Insurance Cyber Insurance 99

SecureWorld News

MAY 9, 2023

Fortunately, the County had secured adequate insurance coverage, which resulted in a payment of $511,852. After negotiations between the insurance carrier and the responsible party, an agreement was reached to restore the system's full functionality and secure any data involved in the breach. Should ransom payments be flat out banned?

Cyber Insurance 90

Cyber Insurance Insurance Ransomware Encryption 90

Security Affairs

JANUARY 23, 2024

In early January, independent security research and consulting team SRLabs discovered a vulnerability in Black Basta ransomware’s encryption algorithm and exploited it to create a free decryptor. The ransomware employs encryption based on a ChaCha keystream, which is utilized to perform XOR operations on 64-byte-long chunks of the file.

Hacking 117

Hacking Encryption Ransomware Insurance 117

CyberSecurity Insiders

JANUARY 26, 2022

Merck, the Pharma giant from New Jersey, has won a legal battle with its insurer for covering costs related to the NotPetya ransomware attack that crippled its computer networks to the core incurring losses in millions. Merck was one of the company that was targeted by the said file encrypting malware gang.

Ransomware 112

Ransomware Insurance Cyber Insurance Hacking 112

SecureWorld News

SEPTEMBER 5, 2023

In a recent revelation, security researcher Jeremiah Fowler uncovered a significant data leak affecting one of the United States' largest health insurance companies, Cigna Health. The exposed database offered a unique glimpse into the operations of Cigna Health, one of the nation's largest health insurance providers.

Backups 93

Backups Insurance Healthcare Data breaches 93

Adam Levin

APRIL 10, 2019

The analysis was conducted by the Aite Group, which looked at mobile apps in eight categories: retail banking, credit cards, mobile payment, healthcare savings, retail finance, health insurance, auto insurance and cryptocurrency.

Banking 187

Banking Retail Insurance Mobile 187

Security Affairs

APRIL 10, 2024

The Group Health Cooperative of South Central Wisconsin (GHC-SCW) is a non-profit organization that provides health insurance and medical care services to its members in the Madison metropolitan area of Wisconsin. “The attacker attempted to encrypt GHC-SCW’s system but was unsuccessful.”

Data breaches 115

Data breaches Ransomware Insurance Encryption 115

Krebs on Security

JULY 19, 2021

Experts say the biggest reason ransomware targets and/or their insurance providers still pay when they already have reliable backups is that nobody at the victim organization bothered to test in advance how long this data restoration process might take. “That is still somewhat rare,” Wosar said.

Backups 347

Backups Ransomware Encryption Insurance 347

Malwarebytes

JANUARY 26, 2022

Due to the evolving and growing impact of cybersecurity incidents there are some questions starting to arise about the way that insurance companies deal with the costs that are the results of such incidents. But cyber insurance comes in different flavors and sizes. Pharmaceutical giant Merck & Co. Merck suffered US$1.4

Insurance 83

Insurance Cyber Insurance Ransomware Data breaches 83

Security Boulevard

FEBRUARY 18, 2024

Data Protection and Encryption One of the primary concerns when moving to the cloud is the protection of data, both at rest and in transit. Data encryption is a fundamental security measure that should be implemented to safeguard information from unauthorized access.

Encryption 128

Encryption Authentication Insurance Risk 128

Krebs on Security

DECEMBER 7, 2019

The attack on CTS comes little more than two months after Sodinokibi hit Wisconsin-based dental IT provider PerCSoft , an intrusion that encrypted files for approximately 400 dental practices. “I would recommend everyone reach out to their insurance provider,” said one dentist based in Denver.

Ransomware 231

Ransomware Backups Insurance Wireless 231

Adam Levin

JANUARY 9, 2020

To date, the company can confirm that whilst there has been some data encryption, there is no evidence that structured personal customer data has been encrypted. The hackers claim to have six months’ worth of sensitive customer data containing birthdates, credit card information, and insurance numbers.

Ransomware 157

Ransomware Encryption Insurance VPN 157

CyberSecurity Insiders

JANUARY 4, 2023

Cybersecurity Insiders learnt from its sources that the attack took place last year, when hackers induced a file encrypting malware into the company’s network in March 2022. Then, on June 26th, 2022, the IT staff detected unusual network access and started an investigation.

Data breaches 103

Data breaches Ransomware Identity Theft Insurance 103

CyberSecurity Insiders

JUNE 21, 2023

Going forward, let us list out the victims who have been impacted by the attack after the hack-ers gained control of Moveit file transfer software worldwide, a business unit of Progress Software. The post List of victimized companies of MOVEit Cyber Attack appeared first on Cybersecurity Insiders.

Cyber Attacks 137

Cyber Attacks Retail Insurance Healthcare 137

CyberSecurity Insiders

JUNE 3, 2022

The reason is as it is easy and guarantees 100% encrypted data return- Of course, as per their perspective! And even if they take such companies undercover, they exclude data breaches from their insurance backup as it involves a lot of risks that do not qualify in equilibrium with the payment made to the policy.

Healthcare 120

Healthcare Ransomware Insurance Backups 120

CyberSecurity Insiders

AUGUST 19, 2021

Joseph/Candler is yet to confirm whether it is going to pay a ransom to free up its database from encryption. But sources say that SJ/C is disinterested in entertaining the hackers with a ransom payment and might seek expertise services to recover the data by other means.

Healthcare 126

Healthcare Ransomware Insurance Encryption 126

Krebs on Security

DECEMBER 8, 2022

First spotted in mid-August 2022 , Venus is known for hacking into victims’ publicly-exposed Remote Desktop services to encrypt Windows devices. Encrypting sensitive data wherever possible. Department of Health and Human Services (HHS) warned that Venus ransomware attacks were targeting a number of U.S. healthcare organizations.

Healthcare 265

Healthcare Backups Ransomware Insurance 265

Spinone

NOVEMBER 20, 2018

This is why data encryption is the most vital key to cloud security. Encrypted data cannot be accessed in a readable format, even if it is intercepted while in transfer online. 65% of those surveyed also recognize that encryption is the most effective security control for cloud data.

Backups 40

Backups Encryption Computers and Electronics Accountability 40

CyberSecurity Insiders

JULY 29, 2022

Hive Ransomware group has reportedly locked down a school from digital access and is demanding £500,000 to free up data from encryption. Yes, what is being read is true as Wootton Upper School in Bedfordshire-part of Wootton Academy Trust was victimized by the file encrypting malware spreading gang and are adamant in their demand.

Ransomware 122

Ransomware Cyber Insurance Social Engineering Education 122