Brydan Solutions

10/14/2021

Team Brydan representing and relaxing at the Fortinet Fresh Air event at Top Golf Las Vegas.

03/29/2021

Check those Exchange Servers!!

Cyber analytics specialist CyberCube is warning the insurance industry of the potential for a large volume of claims related to cyberattacks on the servers running Microsoft’s email services.

Tens of thousands of Microsoft Exchange servers in businesses and organizations around the globe may have been infected during a series of attacks that commenced at the beginning of the year, according to a new report from CyberCube. Businesses in North America are more at risk than those in Europe, but large to medium-sized businesses around the world are vulnerable.

US organizations are more likely to have been using the compromised Microsoft Exchange servers, as are larger businesses, the report found. Germany, Africa, the Middle East, and Australasia were also identified as high-risk regions. Many smaller companies weren’t affected by the attacks, as they opted to use cloud-based email systems, which weren’t targeted.

The attacks, which are believed to have been carried out by Chinese state-sponsored hackers, exploited vulnerabilities in Microsoft Exchange servers to allow malicious code to be placed on them. The code can be used for ransomware, espionage, or redirecting system resources to mine for cryptocurrency on behalf of the criminals.

CyberCube’s report concluded that the insurance and reinsurance industries are “likely to see a long-tail of attritional claims resulting from this attack.”

Industry is "only just beginning to understand the scope of possible damage," expert says

03/25/2021

Team Brydan celebrating this past December

03/25/2021

The new sign went up!