Bloomberg reports: A Mississippi law firm is suing its cyber insurer, alleging the carrier wrongfully denied coverage for a roughly $150,000 loss stemming from an “elaborate” email scheme. Gore, Kilpatrick & Dambrino PLLC was duped into wiring funds to an account controlled by scammers posing as representatives from a company that was dissolved years earlier, […]
Wiley Rein explains: The New Mexico Court of Appeals has held that cyber policy language affording coverage “for” a security breach was ambiguous and must be construed broadly to provide coverage for a breach of contract claim “because of,” “resulting from,” or “on account of” a security breach. Kane ex rel. N.M. Health Connections, Inc. v. Syndicate […]
Insurance Business Magazine reports: British insurers are bracing for an escalating wave of cyberattacks after one of the world’s most notorious hacking groups, Scattered Spider, has pivoted from raiding retailers to targeting insurance and financial services companies on both sides of the Atlantic. Google’s Threat Intelligence Group has issued a fresh warning, saying it had […]
Broker found at fault over Lloyd’s, Hiscox, QBE policy mess up Insurance Business Magazine reports: Read more at Insurance Business Magazine.
Blue Shield of California joined the ranks of entities that discovered they were unlawfully sending personal or protected health information of website visitors to advertisers via tracking pixels embedded on their sites. TechCrunch reports: Health insurance giant Blue Shield of California is notifying millions of people of a data breach. The company confirmed on Wednesday […]
Bleeping Computer reports that Globe Life is notifying an additional 850,000 people of a breach it discovered last year: On June 13, 2024, the company discovered during a security review of its networks that it had been compromised by hackers who had gained unauthorized access to one of its web portals. Globe Life shared in October the first […]
It is the first lawsuit filed by a state attorney general against Change Healthcare over the February breach that affected 100,000 Americans. From the state’s December 16 press release: Download the court filing.
Two auto insurance companies will pay over $11 million to New York after data from over 120,000 New York customers was leaked in a November 2020 cyber attack that allowed hackers to exploit the state’s unemployment system. Government Technology reports: Both GEICO and Travelers, major national insurance companies, will pay penalties for their poor data […]
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 […]
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 […]
