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CNA Financial Paid $40 Million in Ransom After March Cyberattack

CNA Financial, among the largest insurance companies in the U.S., paid $40 million in late March to regain control of its network after a ransomware attack, Bloomberg News reported Thursday. From a report: The Chicago-based company paid the hackers about two weeks after a trove of company data was stolen, and CNA officials were locked out of their network, according to two people familiar with the attack who asked not to be named because they weren’t authorized to discuss the matter publicly. In a statement, a CNA spokesperson said the company followed the law. She said the company consulted and shared intelligence about the attack and the hacker’s identity with the FBI and the Treasury Department’s Office of Foreign Assets Control, which said last year that facilitating ransom payments to hackers could pose sanctions risks.


Read more of this story at Slashdot.

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