ransomware News
U.S. Treasury Warns Carriers Not to Pay Ransomware Demands
The U.S. Treasury Department is warning that individuals or businesses that help facilitate ransomware payments may be violating anti-money laundering and sanctions regulations. The warnings came in ...
Ransomware Attacks Soar and Grow More Malicious: Coalition
Ransomware attacks grew by nearly 50 percent in the 2020 second quarter compared to the first three months of the year, underscoring the risks created by pandemic-related work-from-home requirements, ...
U.S. Cyber Market Growth Slows Even as New Risks Emerge: AM Best
Growth in the U.S. cyber insurance market continues to slow, with 2019 marking the fourth consecutive year in which premiums grew less than in the prior year, says a new report from AM Best. At the ...
Top Executives Are Increasingly Vulnerable to Ransomware Attacks: CyberCube Report
Senior executives increasingly will be targeted by cyber criminals looking for ways to steal money from large corporations, according to a report from cyber analytics provider CyberCube. Organized ...
Chubb Is Investigating a Possible Hack Attack
Chubb confirmed that it is looking into a possible hack attack, though a spokesperson said the insurance giant's network appears at this point to be unaffected. "We are currently investigating a ...
U.S. Cyber Rates Rise as Insurers Try to Curb Ransomware Exposures
U.S. insurers are ramping up cyber-insurance rates by as much as 25 percent and trying to curb exposure to vulnerable customers after a surge of costly claims, industry sources said. The changes ...
Opinion: Travelex Ransomware Attack a Sign of Greater Trouble to Come
As ransomware attacks go, the cyber intrusion at Travelex that emerged on New Year's Eve could have lasting consequences — and ones that shouldn't be just a worry to the currency dealer. Travelex, ...
Ransomware Attacks Soaring as They Target IT Vendors and Their Clients
Ransomware attacks increased by 37 percent during the third quarter of 2019 compared to Q2, as cyber criminals target both IT vendors and their clients, according to data compiled by insurer Beazley. ...