August 3, 2022
It’s no secret that the health care industry is a prime target for cybercriminals. Despite efforts to combat ransomware, legal experts have seen a 66% increase in ransomware claims compared to the average over the past four underwriting years[1]. And …
January 27, 2022
A decision by a panel of the 9th Circuit Court of Appeals on Wednesday will make it more difficult for insurers to deny claims by victims of phishing scams, which one industry group says have more than doubled in frequency …
October 30, 2020
MADISON, Wis. — Hackers have stolen $2.3 million from the Wisconsin Republican Party’s account that was being used to help reelect President Donald Trump in the key battleground state, the party’s chairman told The Associated Press on Thursday. The party …
July 27, 2020
Twitter Inc. has struggled for years to police the growing number of employees and contractors who have the ability to reset users’ accounts and override their security settings, a problem that Chief Executive Officer Jack Dorsey and the board were …
April 9, 2020
Coronavirus-themed phishing attacks have become so pervasive that the governments of the U.S. and U.K. issued a joint warning Wednesday about their growing use. Advanced hacking groups seek to further “long-standing priorities” including espionage and “hack and leak” campaigns while …
March 23, 2020
ALBUQUERQUE, N.M. — New Mexico school districts, universities, and government agencies have collectively spent millions of dollars to regain control of their computer systems after employees unknowingly opened emails containing an encrypted code that effectively shut them out of their …
December 11, 2019
A $1.7 million email phishing fraud that included phone calls with a fake lawyer and an intervention by a Wells Fargo fraud investigator is still a fraud and Ironshore Indemnity is liable for the claim, a split panel with the …
April 25, 2019
The amount of reported losses from cyber crime nearly doubled in 2018 to $2.7 billion, with almost half of that from business email schemes that targeted wire transfer payments, according the FBI’s 2019 Internet Crime Report. The report, prepared by …
March 26, 2019
Cybercrime claims by policyholders outside the health care sector nearly doubled in 2018, led by financial fraud, often phishing schemes that lead to payments or wire transfers to criminals posing as clients or business partners, NAS Insurance said in a …
March 21, 2019
A Lithuanian man admitted he helped trick Facebook Inc. and Alphabet Inc.’s Google into sending more than $100 million through a phishing scheme. Evaldas Rimasauskas, 50, pleaded guilty to one count of wire fraud before U.S. District Judge George Daniels …