Cyber liability insurers are in a good position to provide insight into the types of cyber incidents that are hitting the industry. Coalition, a provider of cyber insurance globally, which “serves over 25,000 small and midsize organizations across every sector of the US and Canada,” issued its Cyber Claims Report this week about the claims

Adding insult to injury for cruise ship company Carnival Corporation (Carnival) following the hit from the pandemic to the travel industry as well as a class action lawsuit relating to the Diamond Princess’ fate during the pandemic, Carnival disclosed in its August 17, 2020 8-K filing that it recently  experienced a ransomware attack. According to

As a follow-up to last week’s post on the importance of due diligence regarding high-risk vendors’ security practices, Blackbaud, a global company providing financial and fundraising technology to not-for-profit entities, notified its customers late last week that it was the victim of a ransomware attack in mid-May. Blackbaud offers a number of products to its

On July 10, 2020, the Securities and Exchange Commission, through its Office of Compliance Inspections and Examinations (OCIE), issued a warning to advisors and broker-dealers to “immediately” review their cybersecurity controls to prevent and respond to an increase in phishing campaigns and ransomware attacks.

The Risk Alert advises that the OCIE has “observed an apparent

The Office of Court Administration in Texas (OCA) confirmed late last week that it is the victim of a ransomware attack. The OCA stated that it would not pay the ransom. “OCA was able to catch the ransomware and limit its impact, and will not pay any ransom…Work continues to bring all judicial resources and

There have been numerous examples of how hackers can get hold of sensitive and deeply personal information and use it against individuals to embarrass and extort them into sending money or compromising pictures to the hackers to prevent the information from being posted on the web.

These examples include cyberbullying, online love scams, blackmail through

Some good news in the ransomware world, which is so rare these days.

The Shade (Troldesh) ransomware group has retired and is shutting down. When do you ever hear that a ransomware group is shutting down? According to reports, Shade has publicly announced that it is retiring (apparently it has made enough money to do