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Proposed ransomware ban raises underwriting pressure on cyber insurers
Insurance Business Magazine reports: …. Matthew Geyman managing director at Intersys, said the move signals a more rigorous approach to tackling ransomware and could reshape the insurance sector’s handling of cyber risk. “As attackers – often serious organised crime – shift focus to the private sector, insurers must reassess underwriting strategies to ensure organisations demonstrate […]
AT&T Data Incident Settlement Notice: $177 Million Settlement Fund for Eligible Claimants
Kroll Settlement Administration has issued a press release about the settlement in litigation stemming from AT&T data breaches in 2024.
Scattered Spider and ShinyHunters’ Next Move: Leaking Data
Data Breach Today reports: Extortionists tied to numerous attacks against high-profile brands have begun naming fresh victims and leaking supposedly stolen data. See Also: Securing Manufacturing’s Transition to the Cloud On Friday, individuals claiming to be part of the cybercrime collectives Scattered Spider, ShinyHunters and Lapsus$ launched a channel on social platform Telegram, posted partially redacted […]
Violent Crypto Crimes Surge in 2025 Amid Massive Data Leaks
Coindoo reports: Physical attacks on cryptocurrency holders are rising sharply this year, with security experts warning that 2025 could become the most dangerous year yet for investors. At the Baltic Honeybadger conference in Riga, SatoshiLabs founder Alena Vranova described a wave of “wrench attacks” — kidnappings, assaults, and extortion aimed at forcing victims to surrender […]
Cencora & The Lash Group Settle Data Breach Litigation for $40 Million
There is a settlement in litigation stemming from a breach reported last year that affected more than three dozen Cencora/Lash Group clients, and more than 1.4 million patients at last public count. The HIPAA Journal now reports: Cencora & The Lash Group have agreed to pay $40 million to settle class action data breach litigation […]
In pitch to hacker community, Trump’s NSC cyber lead says AI key to future of cyberdefense
NextGov reports: At DEF CON, Alexei Bulazel said AI-powered tools will give software developers “incredible abilities” to harden networks by adding multilayered checks to the code-scanning process and catching flaws that might otherwise slip through. In the next era of cybersecurity, the best defensive tool may be a line of AI-assisted code, according to President […]
Kokomo24/7, a Vendor for the Los Angeles Unified School District Hit by a Cyber Attack, Network Files Likely Compromised
TechNadu reports: A vendor that serves the Los Angeles Unified School District, Kokomo24/7, has notified authorities about a network file exposure on its internal systems and data storage environment. Investigators determined that the suspicious activity discovered on December 11, 2024, allowed cybercriminals to access sensitive personal information. Since Kokomo24/7 is a vendor for the Los Angeles Unified […]
Akira ransomware abuses CPU tuning tool to disable Microsoft Defender
“Hey, no fair!” reports Mashable: Windows users should think about reinforcing their antivirus software. And while Microsoft Defender should provide a line of defense against ransomware, a new report claims that hackers have found a way to get around the ransomware tool to infect PCs with ransomware. A GuidePoint Security report (via BleepingComputer) found that hackers are using Akira […]