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. SecurityAffairs – hacking, ransomware). Pierluigi Paganini.

Data breaches 145

Data breaches Insurance Ransomware Identity Theft 145

CyberSecurity Insiders

FEBRUARY 21, 2023

All these days we have read about ransomware spreading groups stealing data and then threatening to release it online, if the victim fails to pay heed to their demands. But now a new file encrypting malware variant has emerged onto the block that demands ransom, based on the insurance cover.

Insurance 124

Insurance Ransomware Cyber Insurance Encryption 124

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

Krebs on Security

JULY 19, 2021

Browse the comments on virtually any story about a ransomware attack and you will almost surely encounter the view that the victim organization could have avoided paying their extortionists if only they’d had proper data backups. We have backups, the data is there, but the application to actually do the restoration is encrypted.’

Backups 360

Backups Ransomware Encryption Insurance 360

Malwarebytes

JANUARY 6, 2025

A US chain of dental offices known as Westend Dental LLC denied a 2020 ransomware attack and its associated data breach, instead telling their customers that data was lost due to an accidentally formatted hard drive. In October 2020, Westend Dental was attacked by the Medusa Locker ransomware group.

Data breaches 145

Data breaches Ransomware Passwords Insurance 145

eSecurity Planet

MARCH 17, 2025

The Cybersecurity and Infrastructure Security Agency (CISA), in collaboration with the Federal Bureau of Investigation (FBI) and the Multi-State Information Sharing and Analysis Center (MS-ISAC), has released a joint cybersecurity advisory warning organizations about the escalating threat posed by the Medusa ransomware.

Ransomware 74

Ransomware Backups Firmware Insurance 74

Centraleyes

DECEMBER 16, 2024

Ransomware Still Reigns Supreme Ransomware attacks continue to plague organizations globally, and 2024 will be no different. Attackers are becoming more organized, with ransomware-as-a-service (RaaS) operations providing easy access to malicious tools for even novice cybercriminals.

Cybersecurity 98

Cybersecurity Insurance Cyber Insurance Technology 98

SecureWorld News

AUGUST 1, 2023

It is no secret that ransomware attacks have been on the rise in recent years and have caused a significant amount of pain to organizations worldwide. One aspect of these cyberattacks that has been hotly debated is the role that cybersecurity insurance plays in these incidents.

Cyber Insurance 98

Cyber Insurance Insurance Ransomware Marketing 98

CSO Magazine

MAY 15, 2023

Companies with cyber insurance are more likely to get hit by ransomware, more likely to be attacked multiple times, and more likely to pay ransoms, according to a recent survey of IT decision makers. To read this article in full, please click here

Insurance 123

Insurance Ransomware Cyber Insurance Encryption 123

SecureWorld News

MARCH 20, 2024

Ransomware attacks have become a significant threat to organizations of all kinds worldwide, with attackers encrypting data and demanding payment for its release. In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network.

Cyber Insurance 113

Cyber Insurance Insurance Ransomware Risk 113

Security Affairs

MARCH 13, 2025

The Medusa ransomware operation hit over 300 organizations in critical infrastructure sectors in the United States until February 2025. The FBI, CISA, and MS-ISAC have issued a joint advisory detailing Medusa ransomware tactics, techniques, and indicators of compromise (IOCs) based on FBI investigations as recent as February 2025.

Ransomware 67

Ransomware Encryption Cryptocurrency Insurance 67

Malwarebytes

FEBRUARY 21, 2023

Ransomware authors are wading into the cybersecurity insurance debate in a somewhat peculiar way. Specifically: urging victims to disclose details of their insurance contract , in order to tailor a ransom which will be beneficial to the company under attack. What does the encryption warning message say? A helping hand?

Cyber Insurance 97

Cyber Insurance Insurance Ransomware Encryption 97

Krebs on Security

DECEMBER 8, 2022

Ransomware groups are constantly devising new methods for infecting victims and convincing them to pay up, but a couple of strategies tested recently seem especially devious. Department of Health and Human Services (HHS) warned that Venus ransomware attacks were targeting a number of U.S. Encrypting sensitive data wherever possible.

Healthcare 330

Healthcare Backups Ransomware Insurance 330

Krebs on Security

OCTOBER 28, 2020

In March 2020, KrebsOnSecurity alerted Swedish security giant Gunnebo Group that hackers had broken into its network and sold the access to a criminal group which specializes in deploying ransomware. Reached by phone today, Jansson said he quit the company in August, right around the time Gunnebo disclosed the thwarted ransomware attack.

Hacking 357

Hacking Ransomware Banking Accountability 357

Security Affairs

JANUARY 6, 2024

Merck has resolved a dispute with insurers regarding a $1.4 Merck and its insurers have agreed with a $1.4 billion insurance claim for the losses caused by the NotPetya attack that took place in 2017. Merck had not taken out specific insurance to cover cyber attacks, it only had insurance coverage against general risks.

Insurance 131

Insurance Manufacturing Ransomware Healthcare 131

SecureWorld News

JANUARY 11, 2024

In this digital battlefield, cyber insurance has emerged as a crucial shield, offering financial protection against data breaches, ransomware attacks, and other cyber incidents. However, just as the threats evolve, so too does the cost of protection, with the global cyber insurance market projected to balloon to a staggering $90.

Cyber Insurance 122

Cyber Insurance Insurance Cyber Risk Data breaches 122

eSecurity Planet

OCTOBER 18, 2022

For any organization struck by ransomware , business leaders always ask “how do we decrypt the data ASAP, so we can get back in business?”. The good news is that ransomware files can be decrypted. What can be done to recover from ransomware attacks when backups are not available? Insured companies often will not have options.

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Ransomware Encryption Insurance Backups 145

Adam Levin

JANUARY 9, 2020

Currency exchange giant Travelex has effectively been taken offline by a ransomware attack. . 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. “To The attack was first detected the night of December 31.

Ransomware 157

Ransomware Encryption Insurance VPN 157

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 97

Insurance Software Ransomware Media 97

Security Affairs

FEBRUARY 21, 2023

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. The HardBit ransomware group first appeared on the threat landscape in October 2022, but unlike other ransomware operations, it doesn’t use a double extortion model at this time. Very important!

Insurance 98

Insurance Ransomware Cyber Insurance Malware 98

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

Krebs on Security

AUGUST 5, 2024

A ransomware group called Dark Angels made headlines this past week when it was revealed the crime group recently received a record $75 million data ransom payment from a Fortune 50 company. ThreatLabz found Dark Angels has conducted some of the largest ransomware attacks to date, and yet little is known about the group.

Ransomware 283

Ransomware Insurance Healthcare Education 283

Security Affairs

OCTOBER 20, 2024

CISA adds Fortinet products and Ivanti CSA bugs to its Known Exploited Vulnerabilities catalog Nation-state actor exploited three Ivanti CSA zero-days Dutch police dismantled dual dark web market ‘Bohemia/Cannabia’ macOS HM Surf flaw in TCC allows bypass Safari privacy settings Iran-linked actors target critical infrastructure organizations (..)

Data breaches 115

Data breaches Cybercrime Cyber Insurance Marketing 115

Security Affairs

AUGUST 21, 2020

The University of Utah admitted to have paid a $457,059 ransom in order to avoid having ransomware operators leak student information online. The university did not reveal the ransomware family involved in the attack. ” According to the University, the ransomware encrypted only 0.02% of the data stored on its servers.

Ransomware 145

Ransomware Cyber Insurance Insurance Advertising 145

CyberSecurity Insiders

AUGUST 19, 2021

Memorial Health System, based in Ohio, is trending on Google for becoming a recent victim to a ransomware attack. In another incident related to ransomware targeting healthcare organization, St. Joseph/Candler is yet to confirm whether it is going to pay a ransom to free up its database from encryption.

Healthcare 126

Healthcare Ransomware Insurance Encryption 126

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

SecureWorld News

MAY 2, 2025

Healthcare cybersecurity demand will be driven by ransomware resilience needs, FDA mandates for medical devices, and AI-powered threat detection," notes the Astute Analytica report. A primary catalyst is the sharp rise in ransomware and other attacks on hospitals and clinics.

Healthcare 100

Healthcare Marketing Cybersecurity CISO 100

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 132

Ransomware Encryption Insurance Malware 132

Security Affairs

JUNE 18, 2024

Over the last few years, ransomware attacks have become one of the most prevalent and expensive forms of cybercrime. Initially, these attacks involved malicious software that encrypts a victim’s data, rendering it inaccessible until a ransom is paid to the attackers.

Ransomware 139

Ransomware Cryptocurrency Insurance Cybercrime 139

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. Moving ahead into the details, the year 2017 witnessed many companies falling prey to NotPetya ransomware hackers.

Ransomware 112

Ransomware Insurance Cyber Insurance Hacking 112

Webroot

SEPTEMBER 7, 2023

When it comes to keeping sensitive data safe, email encryption is a necessity. Too many employees and IT experts have experienced the pain of trying to use a needlessly complicated email encryption solution. If this is the experience you’ve come to expect, Webroot Email Encryption powered by Zix is here to surprise you.

Encryption 128

Encryption Passwords Insurance Healthcare 128

eSecurity Planet

OCTOBER 5, 2021

Malware has been around for nearly 40 years, longer even than the World Wide Web, but ransomware is a different kind of threat, capable of crippling a company and damaging or destroying its critical data. Ransomware Protection and Recovery Steps. Ransomware removal tools. Ransomware recovery services. Data backup.

Ransomware 139

Ransomware Backups Encryption Insurance 139

eSecurity Planet

JULY 12, 2022

The first signs of the ransomware attack at data storage vendor Spectra Logic were reports from a number of IT staffers about little things going wrong at the beginning of the day. Screens then started to display a ransom demand, which said files had been encrypted by the NetWalker ransomware virus. Cyber Insurer Provides Help.

Ransomware 144

Ransomware Cyber Insurance Backups Insurance 144

Security Affairs

MAY 1, 2020

Maze Ransomware operators claim to have gained access to the network of Banco BCR of Costa Rica and stolen 11 million credit card credentials. Maze Ransomware operators claim to have hacked the network of the state-owned Bank of Costa Rica Banco BCR and to have stolen internal data, including 11 million credit card credentials.

Ransomware 145

Ransomware Banking Cyber Insurance Advertising 145

Hacker's King

DECEMBER 24, 2024

Quantum Computing Threats While quantum computing offers immense potential, it also poses a serious risk to traditional encryption methods. Hackers with access to quantum technology could potentially break existing cryptographic protocols, necessitating the development of quantum-resistant encryption.

Cybersecurity 59

Cybersecurity Cyber Insurance IoT Insurance 59

Duo's Security Blog

APRIL 25, 2022

For as long as organizations have existed to grow crops, move goods or produce items there have been insurance firms to help these markets survive cyclical events. Unsurprisingly, we are seeing more and more MFA requirements in cyber liability insurance policies as it has such a significant impact in reducing the chance of financial loss.

Insurance 115

Insurance Risk Marketing Authentication 115

Security Affairs

NOVEMBER 26, 2020

Ritzau, the biggest Danish news agency, was hit by a ransomware attack that brought it offline but refused to pay the ransom. Ritzau , the biggest Danish news agency, was hit by a ransomware attack that brought it offline. The cyber attack hit a quarter of Ritzau ’s 100 servers that have been damaged. Pierluigi Paganini.

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Ransomware Insurance Cyber Attacks Encryption 139