One of America’s largest home and auto insurers has notified regulators and customers of a cybersecurity incident and related network outage. Fortune 500 business Erie Insurance employs over 7000 staff and 14,000 agents, with parent company Erie Indemnity Company posting revenue of close to $4bn last year. It currently boasts over six million active policies. However, the firm warned customers yesterday of an “ongoing network outage” related to a confirmed “information security event” which w
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In an era defined by accelerating cyberthreats and technological disruption, founders face a complex, evolving landscape. Regardless of industry, this is a reality for startups, whether they’re developing a first prototype, fine-tuning a go-to-market strategy or preparing to go public. The same advances in artificial intelligence (AI), cloud computing and automation that enhance companies’ defenses are simultaneously exploited by adversaries. On the horizon, quantum computing promises to resh
North Korea’s BlueNoroff hackers have updated their strategies and delivery techniques in a new wave of attacks targeting banks and venture capital firms according to cyber threat investigators. Part of Lazarus, a hacking group linked to the North Korean government, BlueNoroff is financially motivated and has been blamed for numerous cyber-attacks targeting banks, cryptocurrency firms, and other financial institutions.
The campaign by BlueNoroff has been in operation at least since 2017. It us
Cyber threat researchers have identified some of the most prolific mobile banking Trojans that have targeted 639 financial applications that are available on the Google Play Store and have been cumulatively downloaded over 1.01 billion times. Some of the most targeted apps include Walmart-backed PhonePe, Binance, Cash App, Garanti BBVA Mobile, La Banque Postale, Ma Banque, Caf - Mon Compte, Postepay, and BBVA México. These apps alone account for more than 260 million downloads from the official
Robinhood was known for “Stealing from the Rich, and Giving to the Poor.” Not so in the last two years. For the second time Robinhood Markets Inc. has been attacked by cyber criminals. Robinhood said personal information of about 7 million people, which is approximately a third of its customers, was compromised in a data breach last week. The bad actors then demanded a ransom payment. The intruder obtained email addresses of about 5 million people as well as full names for a separate group
It is clearly proven on a daily/hourly basis that cyber-attacks will not slow down; with ransomware leading the hacker’s choice of malware techniques. So, who really loses in these attacks? In most cases, the business and corporate owners. A million dollar ransom of frozen networks, even if negotiated down, will put many companies on their heels, if not out of business.
A pair of recent lawsuits have been filed on behalf of former and current Scripps Health (Scripps) patients, who allege the
Financial services firms in the UK were hit hard in 2020, with 70% experiencing a successful cyber-attack and most of these blaming COVID-related conditions for the incident, according to Keeper Security. The password security firm commissioned the Ponemon Institute to poll over 370 UK IT security leaders in the sector, as part of a larger global study. It revealed that the rapid shift to remote working forced on businesses during the pandemic provided threat actors with an opportunity to targ
