Universal Health Services reports $67 million in losses after apparent ransomware attack
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
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
The complaint is the first action under new Department of Financial Services regulations.
FBI turns to insurers to grasp the full reach of ransomware
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
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
AIG had cited multiple clauses in its policy to argue against paying, though the court ruled the tactic did not count as "bad faith."