Pipeline Ransomware Attack Stirs Debate on Whether Insurance Attracts Hackers May 17, 2021 By Katherine Chiglinsky and Jamie Tarabay The ransomware attack on Colonial Pipeline Co. that caused gasoline shortages along the U.S. East Coast also sparked a debate...
Under Pressure, Ransomware Gangs Claim They’re Shutting Down May 17, 2021 By Joseph Menn Multiple ransomware groups claimed they were shutting down or scaling back operations on Friday as the U.S. government ramped up...
Cyber Ransom Payments Set a Bad Precedent But Happen Often May 14, 2021 By Kartikay Mehrotra and Michael Riley The U.S. government’s fight to choke off ransom payments collected by hackers hit a major snag Thursday, following news that...
Ireland’s Health Service Operator Hit by ‘Significant’ Ransomware Attack May 14, 2021 By Padraic Halpin and Conor Humphries DUBLIN – Ireland’s health service operator shut down all its IT systems on Friday to protect them from a “significant”...
DarkSide Hacking Group Blamed for Ransomware Attack on Toshiba Unit May 14, 2021 PARIS – Toshiba Tec France Imaging System said on Friday that DarkSide, the hacking group blamed for crippling a major...
Colonial Pipeline Paid Hackers Nearly $5 Million in Ransom: Bloomberg May 13, 2021 By William Turton, Michael Riley and Jennifer Jacobs Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the...
Colonial Pipeline’s Cyber Insurers Include AXA XL, Beazley May 13, 2021 Colonial Pipeline has cyber insurance arranged by broker Aon, with Lloyd’s of London insurers AXA XL and Beazley among the...
What Cyber Insurers Should Know About the Federal Ransomware Advisories May 13, 2021 By Elizabeth Blosfield As the COVID-19 pandemic and the switch to remote work have highlighted cyber risks and drawn attention to the various...
U.S. Offered No Advice on Whether Colonial Pipeline Should Pay Pay Ransom May 10, 2021 By Nandita Bose and Steve Holland The White House declined to weigh in Monday on whether companies that are hacked like Colonial Pipeline should pay ransom...
Colonial Pipeline Ransomware Attackers Say They Seek Cash, Not Chaos May 10, 2021 By Raphael Satter and Joseph Menn The ransomware gang accused of crippling the leading U.S. fuel pipeline operator said on Monday that it never meant to...