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Software provider denied insurance payout after ransomware attack

Malwarebytes

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.

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Ransomware Bites Dental Data Backup Firm

Krebs on Security

-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.

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Dental group lied through teeth about data breach, fined $350,000

Malwarebytes

Westend Dental agreed to settle several violations of the Health Insurance Portability and Accountability Act (HIPAA) in a penalty of $350,000. This ransomware is known for employing double extortion tactics, which means they encrypt victims’ data while also threatening to release sensitive information unless a ransom is paid.

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Hackers Were Inside Citrix for Five Months

Krebs on Security

Networking software giant Citrix Systems says malicious hackers were inside its networks for five months between 2018 and 2019, making off with personal and financial data on company employees, contractors, interns, job candidates and their dependents. Citrix’s letter was prompted by laws in virtually all U.S.

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Payroll/HR Giant PrismHR Hit by Ransomware?

Krebs on Security

based PrismHR handles everything from payroll processing and human resources to health insurance and tax forms for hundreds of “professional employer organizations” (PEOs) that serve more than two million employees. “Prism is the only real option on the PEO software market,” he said. Hopkinton, Mass.-based

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Don’t Wanna Pay Ransom Gangs? Test Your Backups.

Krebs on Security

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.

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LW ROUNDTABLE: Compliance pressures intensify as new cybersecurity standards take hold

The Last Watchdog

Part three of a four-part series In 2024, global pressure on companies to implement advanced data protection measures intensified, with new standards in encryption and software transparency raising the bar. Similarly, software bills of materials (SBOMs) underscore the need for better accountability in third-party software.