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Ransomware Returns, Insurance Companies in America Delivered to Pay Rp 575 Billion


simple blogger tutorial - one of the major insurance companies in the United States, paid $40 million to escape the onslaught of ransomware in March 2021. According to sources familiar with the matter, the Chicago-based company has now regained control of its network.


 Taken from The Verge, Thursday, May 20, 2021, initially the hacker or hackers were said to have demanded US$ 60 million when negotiations began about a week after the CNA mechanism was encrypted.  CNA Financial ended up paying a lower amount one week after that.


 Ransomware is a type of malware used by hackers to encrypt the data of their victims.  This type of malware is often used to retrieve data, which then asks for payment to unlock files and promises not to leak it.


 Several CNA Financial hackers used malware called Phoenix Locker, a variation of the ransomware called Hades.  According to cyber security experts, this ransomware was created by a Russian cyber crime syndicate known as Evil Corp.



 In his admission, CNA Financial spokesman McCall's steps only explained that the company had followed legal provisions.  He admitted that he had consulted about the attack and the identity of the striker with the FBI and the Treasury Department's on-site foreign asset monitoring office.


 McCall did not provide verification of the payment.  "CNA follows all legal provisions, regulations, and published tutorials, including the OFAC 2020 ransomeware tutorial, in dealing with this issue," he said as quoted from Bloomberg, Thursday.


 In a refinement of the security incident that was circulated on May 12, CNA Financial wrote: "not sure if the data collection, claim, or underwriting mechanism, where the majority of policyholder data—including regulatory requirements and coverage limits—is stored is affected."


 Initially, the onslaught of ransomware happened to the American oil company Colonial Pipeline.  The report was only available on Friday, May 14, 2021, almost 1 week after the attack that resulted in the cessation of fuel distribution on the East Coast of the United States.


 Colonial Pipeline submitted to the ransomware and paid 75 bitcoins, a total of $ 5 million (Rp 71 billion) to restore the service.  The company can resume operations on Wednesday, May 12, 2021.

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