ransomware News

Hackers Cripple Prestigious Indian Hospital’s IT Systems

Cyberattackers have crippled systems at one of India’s most prominent hospitals for a week, forcing the institution to operate a raft of key medical services and labs manually. The All India Institute of Medical Sciences — a hospital that’s traditionally …

US Charges Suspect Linked to Notorious Ransomware Gang

WASHINGTON (AP) — A man who authorities say participated in a ransomware campaign that extracted tens of millions of dollars from victims has been charged in the United States, the Justice Department announced Thursday. Mikhail Vasiliev, a dual national of …

US Banks Reported $1 Billion in 2021 Ransomware Payments

US financial institutions reported nearly $1.2 billion on likely ransomware-related payments last year, most commonly in response to breaches originating with Russian criminal groups, according to the Treasury Department. The payments more than doubled from 2020, underscoring the pernicious damage …

Information Expected to Emerge Slowly in Hospital Chain Cyberattack

CHICAGO (AP) — Details of an apparent cyberattack on one of the largest health systems in the U.S. were slow to emerge as security experts on Friday warned that it often takes time to assess the full impact on patients …

Report: While Hackers Eye Small Businesses, Ransomware Attacks Decline

A new cyber trends mid-year report released by cyber insurer Coalition suggests that while small businesses continue to be targeted, overall incidents are down and ransomware attacks are declining as demands go unpaid. During the first half of 2022, the …

Viewpoint: Calculating Business Interruption Costs in Cyber Claims

While cyber was incorporated in some general liability policies (GL) of the 1980s, the first cyber standalone policy was written in 1997 through American International Group. Though groundbreaking, as it was the first to address cybersecurity, it was a third-party …

Viewpoint: Recognize and Plan for Health Care Cybersecurity Risks

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 …

US Disrupts North Korean Hackers that Targeted Hospitals

NEW YORK (AP) — The FBI and Justice Department recently disrupted the activities of a hacking group that was sponsored by the North Korean government and that targeted U.S. hospitals with ransomware, ultimately recovering half a million dollars in ransom …

Tractor Maker Hit by Ransomware Attack During Planting Season

U.S. agricultural equipment maker AGCO Corp. said on Friday a ransomware attack was affecting operations at some of its production facilities, and dealers said tractor sales had been stalled during the crucial planting season. Georgia-based AGCO said in a statement …

Russian Agents Charged With Targeting US Nuclear Plant, Saudi Oil Refinery

WASHINGTON —U.S. and British officials on Thursday accused the Russian government of running a years-long campaign to hack into critical infrastructure, including an American nuclear plant and a Saudi oil refinery. The announcement was paired with the unsealing of criminal …