US mortgage lender Mr. Cooper suffered a large cyber attack, disrupting key systems and making mortgage and loan payments impossible. The systems lockdown has raised conjecture about a ransomware attack. Mr. Cooper reassured its customers that no fees, penalties, or negative credit ratings would result from payment delays. Customers were also advised to be wary of communications claiming to be from the company during this period.
“An Expensive Problem”: Cracking the Cyber Insurance Conundrum
Rampant ransomware attacks have hit the healthcare industry, with incidents increasing by more than 600%, costing an average of $10 million per breach. This has
