Tags insurance

Universal Health Services reports $67 million in losses after apparent ransomware attack

by Sean Lyngaas • 2 days ago

Cybercrime has been costly to the health sector during the pandemic.

Ransomware to blame for nearly half the cyber-insurance claims filed in early 2020

by Jeff Stone • 6 months ago

Just because a ransomware victim files a cyber-insurance claim does not mean the cost will be covered.

Insurer's huge data exposure draws charges from New York state

by Jeff Stone • 7 months ago

The complaint is the first action under new Department of Financial Services regulations.

FBI turns to insurers to grasp the full reach of ransomware

by Jeff Stone • 11 months ago

If victims don't report ransomware attacks to the FBI, insurers might be the next best source of information.

Beazley: Ransomware claims more than doubled in the last year

by Jeff Stone • 11 months ago

These figures come as insurers continue to assess whether to pay the extortion fees that hackers impose on their clients.

AIG must cover client's $5.9 million in cyber-related losses, judge rules

by Jeff Stone • 1 year ago

AIG had cited multiple clauses in its policy to argue against paying, though the court ruled the tactic did not count as "bad faith."