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Financial

A collection of 4 issues

Philadelphia Insurance Companies Targeted in Ransomware Attack

Philadelphia Insurance Companies (PHLY), based in Bala Cynwyd, Pennsylvania, is dealing with a major ransomware attack that has shut down its network systems since June 10. The outage has disabled internal employee access, customer-facing online applications, and communication channels, including phone and email. A static message on PHLY’s website

Cyberattack Cripples Erie Insurance Services

Erie Insurance and its parent company, Erie Indemnity Company, confirmed a cyberattack disrupted business operations and digital services starting Saturday, June 7, in Erie, Pennsylvania. In a June 11 filing with the U.S. Securities and Exchange Commission, the company reported detecting “unusual network activity,” prompting the shutdown of systems,

Cyberattack Forces MoneyGram Offline

MoneyGram International, a Dallas-based money transfer service, has taken its operations offline due to a cybersecurity issue, affecting both online and in-person payment services for several days. The company, which serves over 50 million people in more than 200 countries and territories, is working with cybersecurity experts and law enforcement

Patelco Credit Union Knocked Offline by Major Cybersecurity Incident

On June 29, 2024, Patelco Credit Union, headquartered in Dublin, California, with 33 branches across the Bay Area, experienced a "serious security incident," leading to the shutdown of various banking systems. The incident disrupted electronic transactions, online banking, mobile app services, and the call center, affecting nearly half