by AIP Online Bureau | May 16, 2022 | Eco/Invest/Demography, International News, Policy, Technology, Workplace/Employee Benefits
Newly inaugurated President Rodrigo Chaves Robles declared a national emergency on 8 May in response to the continuing ransomware attack, for which Russia-based international criminal group Conti has claimed responsibility The number of ransomware attacks more than...
by AIP Online Bureau | May 5, 2022 | Eco/Invest/Demography, Indian News, Risk Management
The average ransom paid by the Indian organisations that had data encrypted in their most significant ransomware attack was $1,198,475, with 10 per cent of victims paying ransoms of $1 million or more, according to cybersecurity firm Sophos. “The ransomware...
by AIP Online Bureau | Mar 19, 2022 | Eco/Invest/Demography, International News, Non-Life
Bridgestone said third-party unauthorized access was made at Bridgestone Americas on Feb. 27, prompting it to shut down the computer network and production at its factories in North and Middle America for about a week An investigation later determined the incident to...
by AIP Online Bureau | Mar 2, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Technology
One reason for that could be a loophole in cybersecurity insurance policies. Experts and industry-watchers say the more sophisticated digital extortion gangs tend to focus on insured organisations because the victims already have a policy to make the payoff, making...
by AIP Online Bureau | Dec 20, 2021 | Eco/Invest/Demography, International News, Non-Life, Technology
Victims of ransomware attacks in the past few months have included hospitals, small businesses, colleges like Howard University — which briefly took many of its systems offline after discovering a September attack — and Virginia’s legislature In the months since...
