cyber risk management News

Fortune 500’s Insured Losses for CrowdStrike Could Reach $1 Billion: Parametrix

The total direct financial loss facing the US Fortune 500 companies, excluding Microsoft, from the CrowdStrike outage on July 19 is $5.4 billion, modeling and insurance services firm Parametrix estimates. The portion of the loss covered under cyber insurance policies …

Without Backup Plans, Global IT Outages Will Happen Again

Elements of Friday’s global IT outage, which grounded planes and hit services from banking to healthcare, have occurred before and until more contingencies are built into networks, and organizations put better back-up plans in place, it will happen again. Friday’s …

What Disruptions Have Been Reported After the Global Tech Outage?

A global tech outage that appeared to be related to issues at cybersecurity firm CrowdStrike and Microsoft on Friday affected operations in sectors including airports, airlines, media and banks. Below is a list of disruptions that have been reported: AIRLINES, …

Global Tech Outage Disrupts Industries, Highlights Online Risks

A worldwide tech outage crippled industries from travel to finance on Friday before services started coming back online after hours of disruption, highlighting the risks of a global shift towards digital, interconnected technologies. A software update by global cybersecurity firm …

UK Lays Out Stronger Cybersecurity Defenses After Attack Crippled NHS Hospitals

The new UK government plans to strengthen the nation’s defenses against cyberattacks, a month after a ransomware hack crippled London hospitals and health care providers. Labour introduced the Cyber Security and Resilience Bill on Wednesday as part of its maiden …

UK Hospital Hack Leaves Kidney Patients at Higher Risk of Heart Failure

Regular blood tests are critical for 46-year-old Londoner Amit Sanchadev, who relies on dialysis to keep him alive after his only functioning kidney failed in 2016. He wakes up at 6 a.m. three times a week to plug himself into …

Hacked UK Trove of Medical Records Includes Data on Newborns, Cancer Patients

Hackers behind a London hospital attack recently published records that include personal information about pregnant women, newborns, cancer patients, people suffering from schizophrenia and thousands of others across the UK and Ireland, revealing the breach was far more widespread than …

Probe of Russian Hack on London Hospitals May Take Weeks; Data-Dump Worries Grow

An investigation into a ransomware attack earlier this month on London hospitals by the Russian group Qilin could take weeks to complete, the country’s state-run National Health Service said Friday, as concerns grow over a reported data dump of patient …

UK Hospital Hackers Claim to Publish Stolen NHS Data

The cyber criminals taking credit for the hack on London hospitals earlier this month have published what they claim is stolen data from the attack. England’s National Health Service said in a statement Friday it was aware that the data …

UK Hospital Hackers Say They’ve Demanded $50 Million in Ransom

A cohort of Russian-speaking hackers is demanding $50 million from a UK lab-services provider to end a ransomware attack that has paralyzed services at London hospitals for weeks, according to a representative for the group. Qilin, as the group is …