CNA Ransomware Attack and Cyber Insurance
Andrew D. Jenkinson · 2022
Commercial Insurance provider (CNA) Hardy were victims of a so-called sophisticated Ransomware attack on 21 March 2021 which impacted its operations, including emails and the network. CNA commented that they immediately engaged a team of third-party forensic experts to investigate and determine the full scope of the incident. The backdoors and insecure positions are not only welcomed by them, but they are also actively inserted and enforced. Security Ratings will cause a marked reduction and huge difference in day-to-day security. The fact the original cyberattack was not classed as a Ransomware attack, then was, with a small ransom payment, and now the disclosure of the $40 million calls into question exactly what is being said. The Colonial ransom payment has been claimed to be $4.4 million by the company; however, sources have alluded to the $30-million demand being met.