Omni Hotels suffer prolonged IT outage due to cyberattack

Texas-based Omni Hotels & Resorts has been responding to a cyberattack that started last Friday, which resulted in the unavailability of many of its IT systems. According to people staying at some of the 50 properties the company operates across N… Continue reading Omni Hotels suffer prolonged IT outage due to cyberattack

How will the Merck settlement affect the insurance industry?

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

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

“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

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

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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