Category Archives: cyberattack

How will the Merck settlement affect the insurance industry?

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A major shift in how cyber insurance works started with an attack on the pharmaceutical giant Merck. Or did it start somewhere else? In June 2017, the NotPetya incident hit some 40,000 Merck computers, destroying data and forcing a months-long recovery process. The attack affected thousands of multinational companies, including Mondelēz and Maersk. In total, […]

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Fujitsu finds malware on company systems, investigates possible data breach

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Fujitsu Limited, the largest Japanese IT services provider, has announced that several of the company’s computers have been compromised with malware, leading to a possible data breach. Known details about the Fujitsu data breach The company publi… Continue reading Fujitsu finds malware on company systems, investigates possible data breach→

Immediate AI risks and tomorrow’s dangers

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“At the most basic level, AI has given malicious attackers superpowers,” Mackenzie Jackson, developer and security advocate at GitGuardian, told the audience last week at Bsides Zagreb. These superpowers are most evident in the growing impa… Continue reading Immediate AI risks and tomorrow’s dangers→

ALPHV/BlackCat threatens to leak data stolen in Change Healthcare cyberattack

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The ALPHV/BlackCat ransomware group has claimed responsibility for the cyberattack that targeted Optum, a subsidiary of UnitedHealth Group (UHG), causing disruption to the Change Healthcare platform and affecting pharmacy transactions across the US. AL… Continue reading ALPHV/BlackCat threatens to leak data stolen in Change Healthcare cyberattack→

A Cyber Insurance Backstop

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In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The malware ultimately infected more than 40,000 of Merck’s computers, which significantly disrupted the company’s drug and vaccine production. After Merck filed its $700 million claim, the pharmaceutical giant’s insurers argued that they were not required to cover the malware’s damage because the cyberattack was widely attributed to the Russian government and therefore was excluded from standard property and casualty insurance coverage as a “hostile or warlike act.”…

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AT&T Says the Outage to Its US Cellphone Network Was Not Caused by a Cyberattack

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AT&T said the hourslong outage to its U.S. cellphone network Thursday appeared to be the result of a technical error, not a malicious attack.
The post AT&T Says the Outage to Its US Cellphone Network Was Not Caused by a Cyberattack appeared f… Continue reading AT&T Says the Outage to Its US Cellphone Network Was Not Caused by a Cyberattack→