G7 Leaders Vow to Combat Surging Ransomware Attacks Against Financial Services October 15, 2020 By Andrea Shalal and Jan Strupczewski Financial leaders of the world’s seven biggest economies on Tuesday vowed to fight rising ransomware attacks amid the COVID-19 pandemic,...
Weighing Effects of Treasury’s Ransomware Pay Warnings on Cyber Victims and Insurers October 15, 2020 By Andrew G. Simpson Recent warnings from the U.S. Treasury about paying ransomware demands are unlikely to substantially change how cyber insurers cover or...
U.S. Treasury Warns Cyber Insurers Against Paying Ransomware Demands October 1, 2020 By Andrew G. Simpson The U.S. Treasury Department is warning that individuals or businesses that help facilitate ransomware payments may be violating anti-money laundering...
Ex-Security Chief Martin Urges UK to Outlaw Cyber Ransoms September 18, 2020 By Kitty Donaldson Ciaran Martin, who stepped down as head of the UK’s National Cyber Security Centre this month, will call on Boris...
Start of School in Hartford Delayed by Ransomware Attack September 11, 2020 By Dave Collins One the worst cyberattacks yet against Connecticut’s capital city forced officials to postpone the first day of school Tuesday, disrupting...
New Ransomware Strains Being Unleashed on Businesses During Pandemic September 11, 2020 Ransomware attacks grew by nearly 50 percent in the 2020 second quarter compared to the first three months of the...
FBI Thwarts Cyber Attack on Tesla Factory August 28, 2020 Elon Musk said on Thursday that Tesla Inc.’s factory in Nevada was a target of a “serious” cybersecurity attack, confirming...
Homeland Security Reports Ransomware Attack Shut Gas Pipeline Facility for Two Days February 19, 2020 The U.S. Department of Homeland Security has alerted energy and other infrastructure firms to review their cybersecurity after a ransomware...
Judge Finds Ransomware Damage to Computer a ‘Direct Physical Loss’ January 30, 2020 By Jim Sams State Auto Property and Casualty Insurance Co. is liable for the cost of replacing a computer server that was damaged...
Travelex’s UK Money Transfer and Wire Services Operational After Ransomware Attack January 29, 2020 Travelex’s UK international money transfer service and wire offering is fully operational again, it said on Tuesday, almost a month...