Insurance coverage firm CNA Monetary goes offline following a cybersecurity assault

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Insurance coverage firm CNA Monetary Corp. has suffered a cybersecurity assault and the corporate’s offline as of late Wednesday.

The precise type of the assault is unknown. The corporate mentioned on its web site that it had been focused by a “subtle cybersecurity assault.” The assault is claimed by the corporate to have brought about “community disruption and impacted sure CNA programs, together with company electronic mail.”

“Upon studying of the incident, we instantly engaged a crew of third-party forensic specialists to research and decide the complete scope of this incident, which is ongoing,” the corporate mentioned. “Now we have alerted regulation enforcement and will probably be cooperating with them as they conduct their very own investigation.”

The likeliest perpetrator is a ransomware assault. Whereas not saying it was REvil, Bleeping Laptop reported that the REvil ransomware gang acknowledged in a current interview that insurance coverage corporations are precious targets.

“Sure, this is likely one of the tastiest morsels,” a spokesperson for REvil mentioned. “Particularly to hack the insurers first — to get their buyer base and work in a focused approach from there. And after you undergo the record, then hit the insurer themselves.”

If it was REvil, the assault on CNA is one more notch on its hacking record. The ransomware gang was final within the information March 21 for efficiently focusing on {hardware} and electronics agency Acer Inc. and demanding a $50 million ransom. Earlier REvil victims embrace movie star regulation agency Grubman Shire Meiselas & Sacks in Could and international change supplier Travelex in late December 2019.

However insurance coverage corporations are an particularly tempting goal, Saryu Nayyar, chief govt officer of unified safety and threat analytics firm Gurucul Options Pvt Ltd. A.G., informed SiliconANGLE.

“If an attacker can extract an inventory of purchasers who’ve cyberattack insurance coverage, these purchasers in flip turn out to be inviting targets themselves,” Nayyar defined. “Since they’ve insurance coverage, they’re seen as extra prone to repay a ransom. It’s a win-win for the attackers and a lose-lose for everybody else.”

Picture: CNA

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