What is 3AM? 3AM (also known as ThreeAM) is a ransomware group that first emerged in late 2023. Like other ransomware threats, 3AM exfiltrates victims’ data (threatening to release it publicly unless a ransom is paid) and encrypts the copies left on targeted organisations’ computer systems. So it’s the normal story with ransomware – exfiltrate, … Read more
Reinsurance broker Guy Carpenter has begun a research project into the use of reciprocal exchanges for delivering parametric catastrophe insurance solutions, to identify whether the structure is a viable one for community-based coverage initiatives.The brokers’ Parametric Advisory and Public Sector teams will explore the use of parametric insurance solutions to help protect communities across California … Read more
A financial firm registered in Canada has emerged as the payment processor for dozens of Russian cryptocurrency exchanges and websites hawking cybercrime services aimed at Russian-speaking customers, new research finds. Meanwhile, an investigation into the Vancouver street address used by this company shows it is home to dozens of foreign currency dealers, money transfer businesses, … Read more
A few weeks ago, the Spanish Ministry of Culture released a legislative proposal aimed at introducing extended collective licensing (ECL) for the development of general-purpose AI models. The first of its kind, the “Draft Royal Decree to regulate the granting of extended collective licenses for the massive exploitation of works and other subject matter protected … Read more
The Michigan Department of Insurance and Financial Services (DIFS) is urging residents to review their auto, home, and renters’ insurance policies to ensure they fully understand their coverage and have a plan to pay policy deductibles in the event of an emergency. Additionally, taking proactive steps to prevent winter-related damage can help reduce repair costs … Read more
