losses News

Risk Reigns in Ocean Shipping, Industry and Economic Experts Say

Risk is the “new normal” for the global ocean shipping industry that handles 80% of global trade as pressure from geopolitical tensions, rising protectionism and climate change mounts. “There are going to be global tensions … and I think global …

Cyber Threat Index Predicts Total Published CVEs to Increase by 25% in 2024

The total number of common vulnerabilities and exposures (CVEs) is expected to increase by 25% in 2024 to 34,888 vulnerabilities, or roughly 2,900 per month, according to a new report by Coalition. Coalition published its Cyber Threat Index 2024, detailing …

Hacker Forum: UnitedHealth Paid $22M Ransom in Bid to Recover Data

A post on a hacker forum popular with cybercriminals has claimed UnitedHealth Group paid $22 million in a bid to recover access to data and systems encrypted by the “Blackcat” ransomware gang, according to two researchers. Neither UnitedHealth nor the …

Insurance Shopping Likely to Remain Strong in 2024, Despite Seasonal Dip in Q4 2023

Personal and auto insurance shopping is likely to increase in 2024 due to several market factors, new research shows. The observation in a new TransUnion report comes at a time when shopping for both insurance lines dropped at the end …

War Insurers Shrug off Rubymar Sinking in Red Sea, Rates Stable

The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar cargo ship as underwriters had already factored in the casualty after it was first hit by a missile last month, …

North Korea Broke Into South Korean Chip Equipment Firms: Seoul’s Spy Agency

North Korea’s hacking groups have broken into at least two South Korean manufacturers of chipmaking equipment, as the country looks to evade sanctions and turn out its own semiconductors for weapons programs, South Korea’s spy agency said on Monday. The …

Europe’s Biggest Pork Producer Loses in Greenwashing Case

A high court in Denmark ruled that Europe’s biggest pork producer misled consumers by advertising its meat as “climate-controlled” in what is the Nordic country’s first greenwashing verdict. A group of nonprofit organizations had alleged Danish Crown A/S misrepresented its …

78% of Organizations Suffer Repeat Ransomware Attacks After Paying

Almost four in five (78%) of organizations who paid a ransom demand were hit by a second ransomware attack, often by the same threat actor, according to Cybereason’s Ransomware: The Cost to Business Study 2024. Nearly two-thirds (63%) of these …

Change Healthcare Cyberattack is Still Disrupting Pharmacies, Other Providers

A cyberattack that has disrupted Change Healthcare’s computer networks for nearly a week is creating a growing administrative problem for pharmacies and health-care providers around the nation. Change Healthcare, a division of UnitedHealth Group Inc., processes insurance claims and pharmacy …

Forecast Calling for Blizzard Conditions That Could Bury California Mountain Towns in Feet of Snow

Snow was expected to pick up across portions of Oregon, Northern California and northwestern Nevada by Wednesday night, according to AccuWeather meteorologists, who are forecasting heavy snow to expand through the northern and central Sierra on Thursday. The best chance …