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Change Healthcare Ransomware Attack Cost to Rise to $2.87bn in 2024
The Change Healthcare ransomware attack that was first disclosed in February 2024 continues to cause problems and make headlines. HIPAA Journal reports on the financial impact: The cost of the Change Healthcare ransomware attack has risen to $2.457 billion, according to UnitedHealth Group’s Q3, 2024 earnings report. Revenues in the third quarter increased by 9% year-over-year […]
Two Sudanese nationals indicted for operating the Anonymous Sudan group; DDoSers alleged to attempt to injure or kill
While entities should be concerned about the risk of hacks or attempts to exfiltrate or encrypt data, the risk of a DDoS attack should not be ignored. Distributed Denial of Service (DDoS) attacks can totally disrupt an entity’s website or ability to function. Huge botnets enable serious power slamming websites and preventing them from functioning. […]
Insurance giant Globe Life facing extortion attempts after data theft from subsidiary
The Record reports: Insurance firm Globe Life is being extorted by hackers after data on more than 5,000 people was stolen from a subsidiary. The company told regulators at the U.S. Securities and Exchange Commission (SEC) that it reported the incident to federal law enforcement. “Based on the Company’s investigation to date, which remains ongoing, the Company […]
Can cyberinsurers or reinsurers justifiably refuse to reimburse victims for ransom payments to those on the U.S. sanctioned list?
If your company is the victim of a ransomware attack and you decide you have no choice but to pay the threat actors, can your cyberinsurer or cyberinsurance reinsurer decline to reimburse you if the threat actors you paid are on Treasury’s sanctioned list? Would reimbursing them expose the cyberinsurer or reinsurer to problems with […]
Casio Confirms Data Breach as Ransomware Group Leaks Files
Security Week reports that Japanese electronics giant Casio has revealed that the recent cyberattack was carried out by a ransomware group and confirmed that the incident has resulted in a data breach: Casio said last week that it had detected unauthorized access to its network on October 5. The incident resulted in a system failure and some […]
India’s wave of cyberattacks prompts calls for tougher rules and countermeasures
Among the entities that have been targeted by hackers were Star Health Insurance, the Supreme Court and SMEs The South China Morning Post reports that the wave of cyberattacks in India has led tech analysts to urge for stronger regulations and other countermeasures to protect India’s digital infrastructure: “Various sectors, including healthcare, education, government, and […]
In two separate cases, Marriott settles charges stemming from multiple data breaches
Settlements were announced by the FTC and state attorneys general yesterday. Only the state settlement involved a monetary penalty because the FTC had no authority to impose penalties in its case. Settlement with the FTC Source: The Federal Trade Commission $52 Million Settlement with States Source: NYS Attorney General’s Office
Internet Archive leaks 31 million users’ info and succumbs to DDoS
31 million users’ usernames, email addresses and salted-encrypted passwords are out there The Register reports: The Internet Archive had a bad day on the infosec front, after being DDoSed and exposing user data. On Wednesday afternoon US time the outfit’s digital library Brewster Kahle revealed a DDoS attack had made the site unavailable. The Register understand the outage may […]