Krebs on Security

AUGUST 14, 2020

NASDAQ:RCM ], one of the nation’s largest medical debt collection companies, has been hit in a ransomware attack. R1 RCM acknowledged taking down its systems in response to a ransomware attack, but otherwise declined to comment for this story. R1 RCM Inc. Formerly known as Accretive Health Inc. billion in 2019.

Ransomware 363

Ransomware Healthcare Insurance Phishing 363

Security Affairs

NOVEMBER 21, 2024

Mexico is investigating a ransomware attack targeting its legal affairs office, as confirmed by the president amidst growing cybersecurity concerns. Mexico’s president announced the government is investigating an alleged ransomware hack that targeted the administration’s legal affairs office. Knight, also known as Cyclops 2.0,

Government 144

Government Hacking Ransomware Insurance 144

SecureWorld News

NOVEMBER 14, 2024

Ransomware attacks on healthcare organizations have sharply increased in 2024, as shown by recent research from Safety Detectives. Compared to 2023, healthcare providers are facing a higher frequency of ransomware incidents, impacting their ability to deliver essential services and protect sensitive patient data.

Healthcare 119

Healthcare Ransomware Identity Theft Data breaches 119

Security Affairs

NOVEMBER 18, 2024

A ransomware attack on Great Plains Regional Medical Center compromised personal data of 133,000 individuals, exposing sensitive information. On September 8, 2024, Great Plains Regional Medical Center (Oklahoma) suffered a ransomware attack. “On September 8, 2024, we suffered a ransomware attack on our computer system.

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Ransomware Insurance Encryption Healthcare 127

Krebs on Security

MARCH 2, 2021

PrismHR , a company that sells technology used by other firms to help more than 80,000 small businesses manage payroll, benefits, and human resources, has suffered what appears to be an ongoing ransomware attack that is disrupting many of its services. Hopkinton, Mass.-based PrismHR has not yet responded to requests for comment.

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Ransomware Small Business Insurance Software 337

Krebs on Security

AUGUST 29, 2019

PerCSoft , a Wisconsin-based company that manages a remote data backup service relied upon by hundreds of dental offices across the country, is struggling to restore access to client systems after falling victim to a ransomware attack. The ransomware attack hit PerCSoft on the morning of Monday, Aug. West Allis, Wis.-based

Backups 269

Backups Ransomware Insurance Encryption 269

Schneier on Security

MARCH 8, 2019

This will complicate things: To complicate matters, having cyber insurance might not cover everyone's losses. Zurich American Insurance Company refused to pay out a $100 million claim from Mondelez, saying that since the U.S.

Insurance 213

Insurance Cyber Insurance Cybersecurity Government 213

Tech Republic Security

JULY 4, 2024

Rates have declined by 15% since the market peak in 2022, according to Howden Insurance Brokers.

Insurance 187

Insurance Cyber Insurance Marketing Backups 187

Adam Levin

JUNE 4, 2021

You would think that ExaGrid, a backup appliance and anti-ransomware service might know how to avoid ransomware, but it was hit. . million after it was hit with Conti ransomware. . The FBI announced last month that Conti ransomware had been used against the Irish healthcare system and at least sixteen U.S.

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Ransomware Backups Insurance Healthcare 289

The Last Watchdog

JANUARY 20, 2020

To help mitigate the risk of financial losses, more companies are turning to cyber insurance. Related: Bots attack business logic Cyber insurance, like other forms of business insurance, is a way for companies to transfer some of numerous potential liability hits associated specifically with IT infrastructure and IT activities.

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Cyber Insurance Insurance Data breaches Risk 222

Digital Shadows

JANUARY 22, 2025

Were thrilled to unveil our latest threat landscape report for the finance and insurance sector, offering in-depth analysis of the evolving cyber threats facing this industry. These methods enable unauthorized access, credential theft, and ransomware deployment, severely disrupting operations and eroding customer trust.

Insurance 65

Insurance Phishing Social Engineering Engineering 65

Krebs on Security

MARCH 5, 2024

healthcare giant Change Healthcare has made a $22 million extortion payment to the infamous BlackCat ransomware group (a.k.a. BlackCat is known as a “ransomware-as-service” collective, meaning they rely on freelancers or affiliates to infect new networks with their ransomware. There are indications that U.S.

Healthcare 354

Healthcare Ransomware Scams Government 354

Graham Cluley

FEBRUARY 22, 2023

A ransomware outfit is advising its victims to secretly tell them how much insurance they have, so their extortion demands will be met. Read more in my article on the Tripwire State of Security blog.

Insurance 141

Insurance Cyber Insurance Ransomware Malware 141

Security Boulevard

OCTOBER 21, 2024

It is good to see US government leaders realize that ransomware is a growing existential threat to our country, at the hands of our adversaries. A top US national cybersecurity advisor stated in a recent op-ed , “This is a troubling practice that must end.” The government is looking at ways to disrupt ransomware attacks.

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Ransomware Insurance Cyber Insurance Government 75

Security Affairs

APRIL 25, 2025

The Interlock ransomware gang claimed responsibility for the attack on the leading kidney dialysis company DaVita and leaked alleged stolen data. “On April 12, 2025, DaVita became aware of a ransomware incident affecting and encrypting certain on-premises systems. The DaVita network was encrypted by InterLock Ransomware.

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Ransomware Encryption Insurance Marketing 102

Krebs on Security

FEBRUARY 20, 2024

authorities have seized the darknet websites run by LockBit , a prolific and destructive ransomware group that has claimed more than 2,000 victims worldwide and extorted over $120 million in payments. “I don’t think this is an accident—this is how ransomware groups talk to each other,” Stockley said.

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Ransomware Cybercrime Encryption Insurance 331

Krebs on Security

DECEMBER 7, 2019

A Colorado company that specializes in providing IT services to dental offices suffered a ransomware attack this week that is disrupting operations for more than 100 dentistry practices, KrebsOnSecurity has learned. When asked about reports of a ransomware attack on his company, Miner simply said it was not a good time and hung up.

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Ransomware Backups Insurance Wireless 247

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

Tech Republic Security

APRIL 8, 2022

A new report from Black Kite shows the entire sector may be ripe for ransomware attacks. The post Insurance industry being ravaged by high rate of cyberattacks appeared first on TechRepublic.

Insurance 164

Insurance Ransomware 164

Malwarebytes

JANUARY 10, 2025

The RansomHub ransomware group claims to have exfiltrated an enormous 1.5 Here, the ransomware group lays blame on the company itself. This isn’t rare for a ransomware group, as the tactics and vernacular are often based around shame, guilt, and a pre-teen-like arrogance.

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Ransomware Data breaches Passwords Phishing 98

Security Boulevard

FEBRUARY 20, 2025

Cyber insurance used to be an optional safety net. With ransomware, data breaches, and cyberattacks on the rise, companies need protection against financial losses. The post How CTEM Impacts Cyber Security Insurance Premiums? The post How CTEM Impacts Cyber Security Insurance Premiums? Its a must-have.

Insurance 59

Insurance Cyber Insurance Data breaches Ransomware 59

Security Boulevard

NOVEMBER 12, 2021

Recent ransomware attacks have dominated the headlines this year. Predictions estimate that the financial impact caused by ransomware could reach $265 billion globally by 2031. The post Are Cyber Insurers Cybersecurity’s New Enforcers? The average ransom payment made by a business to.

Cyber Insurance 145

Cyber Insurance Insurance Ransomware Cybersecurity 145

Security Affairs

JANUARY 26, 2025

In early March, the Alphv/BlackCat ransomware gang claimed responsibility for the attack and added the company to its Tor leak site. A month later, a second ransomware gang, the RansomHub group, also attempted to extort the healthcare company. According to the Associated Press, UnitedHealth booked $1.1 population.”

Healthcare 131

Healthcare Data breaches Insurance Cybercrime 131

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

Malwarebytes

JANUARY 27, 2025

In May, UnitedHealth CEO Andrew Witty estimated that the ransomware attack compromised the data of a third of US individuals when he testified before the Senate Finance Committee on Capitol Hill. The ALPHV/BlackCat ransomware group claimed the initial attack.

Data breaches 126

Data breaches Healthcare Insurance Passwords 126

Security Affairs

DECEMBER 8, 2024

Anna Jaques Hospital revealed thatthe ransomware attack it suffered last year has exposed sensitive health data for over 316,000 patients. On December 25, 2023, a ransomware attack hit the Anna Jaques Hospital. The hospital revealed that the security breach exposed sensitive health data for over 316,000 patients.

Data breaches 119

Data breaches Insurance Healthcare Ransomware 119

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 71

Ransomware Backups Firmware Insurance 71

Krebs on Security

JANUARY 6, 2020

Organizations in the throes of cleaning up after a ransomware outbreak typically will change passwords for all user accounts that have access to any email systems, servers and desktop workstations within their network. VCPI) was hit by the Ryuk ransomware strain. In mid-November 2019, Wisconsin-based Virtual Care Provider Inc.

Passwords 271

Passwords Ransomware Password Management Malware 271

CyberSecurity Insiders

DECEMBER 26, 2022

Insurance companies like Lloyd offer cyber insurance policies that cover a business from facing a business loss during a cyber-attack. However, in coming days, cyber attacks will become uninsurable, as per Mario Greco, the Chief of Zurich Insurance. So, will cyber insurance vanish with time? isn’t it? .

Insurance 129

Insurance Cyber Attacks Cyber Insurance Ransomware 129

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

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 Cyber Insurance Ransomware Encryption 123

Krebs on Security

NOVEMBER 14, 2024

for stealing data on nearly 10 million customers of the Australian health insurance giant Medibank. Shefel claims his Sugar ransomware affiliate program was a bust, and never generated any profits. Sugar Locker), which targeted single computers and end-users instead of corporations.

Advertising 274

Advertising Retail Cryptocurrency Cybercrime 274

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 135

Insurance Manufacturing Ransomware Healthcare 135

SecureWorld News

JULY 2, 2024

Global cyber insurance premiums are declining despite an uptick in ransomware attacks, according to a recent report by insurance broker Howden. This trend reflects improved business security practices, evolving insurance industry dynamics, and changing attitudes toward cyber risk management. Sarah Neild, head of U.K.

Cyber Insurance 113

Cyber Insurance Insurance Cyber Risk Marketing 113

Security Affairs

OCTOBER 25, 2024

In early March, the Alphv/BlackCat ransomware gang claimed responsibility for the attack and added the company to its Tor leak site. A month later, a second ransomware gang, the RansomHub group, also attempted to extort the healthcare company. According to the Associated Press, UnitedHealth booked $1.1

Data breaches 131

Data breaches Healthcare Cybercrime Insurance 131

CSO Magazine

JUNE 14, 2023

Finding the right insurance has become a key part of the security equation, which is no surprise given that the average cost of a data breach in the US has risen to $9.44 The global cyber insurance market was valued at $13.33 The global cyber insurance market was valued at $13.33 billion in 2023 to $84.62 billion by 2030.

Insurance 121

Insurance Data breaches Cyber Insurance Marketing 121

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.

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Cyber Insurance Insurance Cyber Risk Data breaches 122