Cyber attacks on Microsoft Exchange Email Servers could surge up cyber insurance claims  


From February this year, there have been multiple instances where hackers have taken control of corporate networks by exploiting vulnerabilities in MS Email Exchange Servers.

CyberCube, a cyber analytics firm, claims that the rise in cyber-attacks on Microsoft servers could also increase cyber insurance claims filed by many companies.  

The analytics stated that SMBs operating in North America are super-vulnerable to MS Exchange attacks than other parts of the world with the vulnerability that can pave way for an increase in insurance and reinsurance claims.  

It is believed that over ten different advanced persistent threat actors are actively busy exploiting the code that might witness an increase in victims list in coming days. 

Meanwhile, the IT staffs of Brown University in Rhode Island have confirmed that a critical cyber incident has made them shut down their data center for this entire week. Although the educational institute mentioned no further details, highly placed sources say that the Providence based university might have become a victim to a ransomware attack where hackers exploited a vulnerability of MS Exchange server to infiltrate the network. 

Bill Thirsk, the CIO of Brown University, confirmed the cyber-attack and added to the statement that the IT staff is working round the clock to bring back the digital systems online. 

Sources report that cloud-based tools like Canvas, Zoom and Workday are working fine and the only impact was felt by the VPN, RemoteApps and Banner that were hosted on the domain.

Naveen Goud
Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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