States Weigh Bans on Ransomware Payoffs July 27, 2021 By Jenni Bergal, Stateline As ransomware attacks continue to wreak havoc on police departments, school districts and city and county governments, some state legislators...
Software Firm Attacked on July 4 Mum on How It Got Decryption Key July 26, 2021 By Frank Bajak The Florida company whose software was exploited in the devastating Fourth of July weekend ransomware attack, Kaseya, has received a...
Virginia Tech Says It Was Targeted in Two Recent Cyberattacks July 21, 2021 Virginia Tech says it was targeted in two recent cyberattacks but feels confident no data was stolen. Virginia Tech spokesman...
As Cyberattacks Rise, Cyber Insurers Are Rethinking Their Business July 21, 2021 By Katherine Chiglinsky and Max Reyes The hacks came one right after another, sowing chaos at hospitals, idling America’s biggest gasoline pipeline, crippling a huge meat...
Biden Administration Plans More Ransom Payment Tracing in Fight Against Attacks July 16, 2021 By Jennifer Jacobs and Billy House The Biden administration intends to crack down on the use of cryptocurrencies in ransomware attacks through more rigorous tracing of...
Ransomware Gang REvil’s Websites Vanish; Reason Unknown July 14, 2021 By Raphael Satter Websites run by the ransomware gang REvil suddenly became unreachable on Tuesday, sparking widespread speculation that the group had been...
Does It Ever Make Sense for Firms to Pay Ransomware Criminals? July 8, 2021 By Chris Beck and Blake Fleisher The global insurance company AXA announced in May it will stop writing cyber insurance coverage in France that reimburses customers...
Update: Ransomware Attack on Kaseya Affects Up to 1,500 Firms; Hackers Ask $70M July 5, 2021 By Raphael Satter Between 800 and 1,500 businesses around the world have been affected by a ransomware attack centered on U.S. information technology...
P/C Insurers Defend Ransomware Reimbursements in New Cyber Principles July 2, 2021 By Andrew G. Simpson The nation’s largest property/casualty insurance organization is defending ransom payment reimbursements by insurers in a new set of principles stressing...
Insurers’ Own Infrastructure Could Be Next Targets of Cyber Criminals July 2, 2021 By Mark Hollmer As “the next digital pandemic,” cyber risks are increasingly becoming a problem for insurers themselves, according to an industry expert....