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CNA Financial Announces Second Quarter 2021 Net Income Of $1.35 Per Share And Core Income Of $1.25 Per Share

CNA Financial Announces Second Quarter 2021 Net Income Of $1.35 Per Share And Core Income Of $1.25 Per Share
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CNA Financial to Report Second Quarter 2021 Results and Host Conference Call on August 2

CNA Financial to Report Second Quarter 2021 Results and Host Conference Call on August 2
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CNA Financial Corp Attacked by Ransomware Last March Paid $40 Million to Gain Access to Network

HEADLINES & GLOBAL NEWS
By
May 21, 2021 12:52 AM EDT
(Photo : Gerd Altmann/Pixabay)
The CNA Financial Corp. paid $40 Million to hackers to regain access to their network last March; one more incident of increased intrusions into the US network that has yet to be addressed.
Another cyberattack, another US company. In March, CNA Financial Corp., one of the most prominent insurance companies, was locked out of their network and had to pay $40 million to regain access, reported Bloomberg.
According to two persons affiliated with the Chicago-based insurance firm who requested anonymity because they were not authorized to openly discuss the matter, sensitive data were stolen, and ransom was paid after two weeks. ....

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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. ....

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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. ....

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