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CNA Overcame Cyber Attack to Finish Strong in Q2

CNA Overcame Cyber Attack to Finish Strong in Q2
insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.

CNA Paid $40 Million in Ransom After March Cyber Attack

CNA Paid $40 Million in Ransom After March Cyber Attack CNA Financial Corp., 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, according to people with knowledge of the attack. 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.

CNA Financial Paid $40 Million in Ransom After March Cyberattack

CNA Financial Paid $40 Million in Ransom After March Cyberattack By Kartikay Mehrotra and William Turton | May 21, 2021 CNA Financial Corp., 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, according to people with knowledge of the attack. 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.

CNA Financial reports better-than-expected net income for fiscal Q3

The board declares 27.37 pence per share of a quarterly cash dividend. CNA Financial Corp. is currently close to 25% up in the stock market. CNA Financial Corp. (NYSE: CNA) reported better-than-expected net income for the fiscal first quarter on Monday as net investment income showed resilience in recent months. 1. Financial performance CNA Financial said that its net income in the first quarter printed at £224.69 million that translates to 82 pence per share. In the comparable quarter of last year, it had recorded £43.93 million of loss, or 16.56 pence per share. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

Analysts Affirm CNA Ratings As Insurer Continues Probe of Cyber Attack

Analysts Affirm CNA Ratings As Insurer Continues Probe of Cyber Attack
insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.

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