Gangs Now Arbitrate Payment Disputes as Ransomware Growth Continues February 14, 2022 By Alan Suderman Cyber criminal gangs are getting increasingly adept at hacking and becoming more professional, even setting up an arbitration system to...
Insurance Journal’s Top Cyber Stories of 2021 January 5, 2022 By Elizabeth Blosfield Ransomware was the word of the year in 2021 for the cyber insurance industry as attacks continued to grow in...
Ransomware Attacks Not High-Profile or Front Page News But Still Happening Frequently December 21, 2021 By Eric Tucker and Alan Suderman In the months since President Joe Biden warned Russia’s Vladimir Putin that he needed to crack down on ransomware gangs...
Memo Cites Lessons from Ransomware Payments by CNA, JBS and Colonial Pipeline November 29, 2021 By Andrew G. Simpson In March 2021, CNA Financial Corp., one of the country’s largest insurance companies, suffered a ransomware attack from a cybercriminal...
Robinhood Reports Data Breach and Extortion Payment Demand November 9, 2021 The stock trading platform Robinhood Markets reported that it experienced a data breach on Nov. 3 that could potentially affect...
Justice Department to Escalate Fight Against Cybercrime, Ransomware: Interview November 8, 2021 By Eric Tucker The Justice Department is stepping up actions to combat ransomware and cybercrime through arrests and other actions, its No. 2...
Treasury Report Offers Insight Into Surge in Ransomware Activity in 2021 October 19, 2021 By William Turton There was $590 million in suspicious activity related to ransomware in the first six months of 2021, exceeding the entire...
What Corporations Can Do to Avoid Ransomware Attacks October 14, 2021 Allianz Global Corporate & Specialty (AGCS) has published a checklist of cyber risk management recommendations to help prevent ransomware attacks....
Behind the Crypto Broker Accused of Enabling Ransomware Hackers October 6, 2021 By Kartikay Mehrotra and Olga Kharif A cryptocurrency broker that the Biden administration considers a key cog in the recent ransomware epidemic is legally registered in...
White House Plans 30-Country Meeting to Combat Ransomware and Cyber Crime October 4, 2021 By Trevor Hunnicutt and Nandita Bose Top U.S. national security advisers will gather officials from 30 countries this month with plans to combat the growing threat...