Cybersecurity

Merck settles with insurers who denied $700 million NotPetya claim

Pharmaceutical giant Merck has reportedly reached a settlement with insurers over their refusals to cover losses stemming from the NotPetya cyberattack in 2017. The undisclosed settlement, first reported by Bloomberg Law, is the culmination of a years-long court battle that has attracted attention from the cybersecurity and insurance industries because of its implications for defining […]

Cybersecurity

Cloud-native cybersecurity startup Aqua Security raises $60M and remains a unicorn | TechCrunch

Aqua Security, an Israeli cybersecurity startup that helps companies protect their cloud services, has raised $60 million in funding, extending its previously announced $135 million Series E round of funding to $195 million. Founded in 2015, Tel Aviv- and Boston-based Aqua Security claims customers such as PayPal, Netflix and Samsung, which use the Aqua platform […]

Cybersecurity

Vulnerabilities Now Top Initial Access Route For Ransomware

Threat actors are switching tactics to compromise their victims with ransomware, with more attacks now exploiting vulnerabilities rather than using phishing emails, according to Corvus Insurance. The insurer analyzed claims data from this year to better understand threat actor activity. It claimed that vulnerability exploitation rose as an initial access method from nearly 0% of ransomware […]

Cybersecurity

DePauw University warns of data breach as ransomware attacks on colleges surge

DePauw University warned students this week that their personal information may have been accessed by hackers who attacked the school. The school newspaper reported that on November 27, current and prospective students were sent letters notifying them of a data leak and providing them with one year of free identity protection services. The liberal arts […]