Cyberattacks prompt higher insurance premiums, lower coverage limits
Due to a spike in the number and severity of ransomware attacks and other cybercrimes, insurers are tightening up their cyber insurance underwriting standards.
Due to a spike in the number and severity of ransomware attacks and other cybercrimes, insurers are tightening up their cyber insurance underwriting standards.
Mantech International, a Virginia-based defense contractor with a burgeoning presence in Indiana, says a partnership with Purdue University’s online-learning division has helped the company grow its Indiana workforce.
The Biden administration took aim Tuesday at the financial marketplace for criminal ransomware gangs, announcing sanctions against a Russia-based virtual currency brokerage that officials say has processed illicit transactions for attackers.
Apple has released a critical software patch to fix a security vulnerability that researchers say could allow hackers to directly infect iPhones and other Apple devices without any involvement of the owner.
It was the first time a so-called “zero-click” exploit—one that doesn’t require users to click on suspect links or open infected files—has been caught and analyzed, the researchers said.
Google, Microsoft, Apple, Amazon and Amazon were among the companies committed to investing billions of dollars or develop programs to strengthen cybersecurity defenses and to train skilled workers, the White House announced Wednesday
The president raised concerns about the shortage of cybersecurity professionals, as the White House estimates roughly half a million cybersecurity jobs remain open, amid an onslaught of cybersecurity attacks.
Eskenazi Health on Tuesday warned its employees, providers, patients and vendors to “closely monitor bank and credit card statements” for “suspicious activity” following a cyberattack to its data network early this month.
Cybersecurity company UpGuard Inc. told IBJ that it was trying to help the Indiana Department of Health by notifying it of “leaked” data and “securing the information.”
The data included names, addresses, email addresses, gender identification, ethnicity and race information, and dates of birth. The state said no medical information was accessed.
U.S officials allege that China’s Ministry of State Security has been using criminal contract hackers who have engaged in cyber extortion schemes and theft for their own profit, officials said.
Although last week’s attack appears to have caused what Biden called “minimal damage” to U.S. businesses, it rattled national security officials, and personnel at key federal agencies worked through the July 4 holiday weekend to assess the damage.
On Wednesday, President Joe Biden and Vice President Kamala Harris will lead an interagency meeting to discuss the administration’s efforts to counter ransomware.
Thousands of organizations—largely firms that remotely manage the IT infrastructure of others—were infected in at least 17 countries in the assault. The notorious REvil gang is seeking tens of millions of dollars in extortion payments.
Indiana University Health has created a lab to testing the vulnerability of hundreds or even thousands of devices, to protect both patients and the hospital system’s records.
With ransoms skyrocketing, bipartisan legislation in the works would mandate immediate federal reporting of ransomware attacks to assist response, help identify the authors and even recuperate ransoms.
The company disclosed on its website May 12 what it described as a “cyber security incident” that resulted in the “theft of certain customers’ payment information.”
The escalating havoc caused by ransomware gangs raises an obvious question: Why has the United States, believed to have the world’s greatest cyber capabilities, looked so powerless to protect its citizens?
Five of JBS’ largest beef plants in the United States ceased processing because of the attack, knocking out almost one-fifth of the country’s beef production capacity.
The order directs the Commerce Department to craft cybersecurity standards for companies that sell software services to the federal government – a move that officials say they hope will ripple across the private sector.