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Bank Info Security 2 months, 3 weeks ago

Poor Risk Analysis Cost 4 Firms $1.7 Million in HIPAA Fines

HHS OCR Breach Investigators Again Find All-Too-Common Risk Analysis FailuresFaulty or non-existent security risk analyses cost a medical imaging provider, a women's healthcare group, a health plan and a third-party insurance administrator a collective $1.7 million in fines after federal regulators concluded they didn't do enough to prevent ransomware attacks.

Bank Info Security 2 months, 3 weeks ago

Setbacks Cost Healthcare Firms $1.7M in HIPAA Fines

HHS OCR Breach Investigators Again Find All-Too-Common Risk Analysis FailuresFaulty or non-existent security risk analyses cost a medical imaging provider, a women's healthcare group, a health plan and a third-party insurance administrator a collective $1.7 million in fines after federal regulators concluded they didn't do enough to prevent ransomware attacks.

Experts Suspect Scattered Spider Is Behind Rash of Recent Insurer BreachesAflac is the latest insurance company dealing with a cyberattack. The company is investigating a cyber incident that did not involve ransomware encryption of its IT systems, but did potentially compromise data. Experts suspect Scattered Spider is behind the recent rash of insurance incidents.

Erie Insurance and Philadelphia Insurance Still Recovering From Separate AttacksStatements by Erie Indemnity Co. and Philadelphia Insurance Companies indicate that voluntary decisions to disconnect their systems from the network - not ransomware encryption - have disrupted operations over the past 10 days since the carriers were hit with separate cyberattacks.

Erie Insurance and Philadelphia Insurance Still Recovering From Separate AttacksStatements by Erie Indemnity Co. and Philadelphia Insurance Companies indicate that voluntary decisions to disconnect their systems from the network - not ransomware encryption - have disrupted operations over the past 10 days since the carriers were hit with separate cyberattacks.

Google threat analysts warn the team behind the Marks & Spencer break-in has moved on Cyber-crime crew Scattered Spider has infected US insurance companies following a series of ransomware attacks against American and British retailers, according to Google, which urged this sector to be on "high alert."…

Landmark Admin Compromise Affects More Than a Dozen Insurance and Annuity CarriersLandmark Admin, a third-party vendor that provides administrative services to life insurance and annuity companies, said 1.6 million people are potentially affected by 2024 ransomware and data exfiltration incidents that compromised a wide range of personal, financial and health information.

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