Self-destructing Mistic backdoor linked to access broker selling corporate footholds to ransomware gangs
Spotted in intrusions targeting insurance, education, IT, and professional services sectors
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Spotted in intrusions targeting insurance, education, IT, and professional services sectors
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.
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.
Massive increase in policy claims… and data doesn’t even cover the major attacks of 2025 The number of successful cyber insurance claims made by UK organizations shot up last year, according to the latest figures from the industry's trade association.…
Founder miffed over prosecutors holding onto its Bitcoin The founder of a German mobile phone repair and insurance biz has begun insolvency proceedings for some operations in his company after struggling financially following a costly ransomware attack in 2023.…
The insurance SaaS slinger may trade under a different name, but past continues to haunt it Young Consulting's cybersecurity woes continue after the number of affected individuals from last year's suspected ransomware raid passed the 1 million mark.…
Cyber insurance companies were forced to adapt once ransomware skyrocketed and highlighted crucial security weaknesses among organizations in all sectors.
Time ticking for defenders as social engineering pros weave wider web Just a few weeks after warning about Scattered Spider's tactics shifting toward the insurance industry, the same experts now say the aviation industry is now on the ransomware crew's radar.…
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."…
Marsh says ransomware drove cyber insurance claims to second highest on record in 2024
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.
It involves a number close to three or six depending on the fiend Ransomware operators jack up their ransom demands by a factor of 2.8x if they detect a victim has cyber-insurance, a study highlighted by the Netherlands government has confirmed.…
Exposed login panels for VPNs and remote access systems leave companies open to attack, sometimes tripling the risk of ransomware and making it harder to get cyber insurance.
Medusa developers have been targeting a wide variety of critical infrastructure sectors, from healthcare and technology to manufacturing and insurance, racking up its victim count as it seemingly adds to its numbers of affiliates.
Data collected by cyber-insurers show that ransomware accounts for the majority of insurance claims, but that much of the losses stem from third-party breaches affecting policyholders.
Data from Resilience found that third-party attacks made up 23% of material cyber insurance claims in 2024, with ransomware attacks targeting vendors a major driver
Claims on ransomware groups’ data leak sites reached an all-time high in November, with 632 reported victims, according to Corvus Insurance