business interruption News

Risk Reigns in Ocean Shipping, Industry and Economic Experts Say

Risk is the “new normal” for the global ocean shipping industry that handles 80% of global trade as pressure from geopolitical tensions, rising protectionism and climate change mounts. “There are going to be global tensions … and I think global …

78% of Organizations Suffer Repeat Ransomware Attacks After Paying

Almost four in five (78%) of organizations who paid a ransom demand were hit by a second ransomware attack, often by the same threat actor, according to Cybereason’s Ransomware: The Cost to Business Study 2024. Nearly two-thirds (63%) of these …

Change Healthcare Cyberattack is Still Disrupting Pharmacies, Other Providers

A cyberattack that has disrupted Change Healthcare’s computer networks for nearly a week is creating a growing administrative problem for pharmacies and health-care providers around the nation. Change Healthcare, a division of UnitedHealth Group Inc., processes insurance claims and pharmacy …

Cyber Security Outage at Unitedhealth’s Change Unit Extends for Sixth Straight Day

UnitedHealth’s technology unit Change Healthcare said it expects disruptions from a recent cyber security attack to last at least through Monday, according to the latest update on its status page. The problems began last Wednesday after a “suspected nation-state associated …

AT&T Outage Triggered by Company Work on Network Expansion

AT&T Inc. said a widespread outage that took hours to resolve Thursday was caused by “an incorrect process” while expanding the wireless network. The software issue interrupted wireless service for hundreds of thousands of subscribers and prompted the FBI and …

NYC Walloped by Fast-Moving Snow Storm That Surpasses Forecasts

A surprisingly robust winter storm blanketed New York City with snow at the start of the long holiday weekend, leaving streets slippery and coated with powder and delaying air travel for the second time in a week. Residents of Brooklyn …

Hawaiian Electric Restores Power After Rolling Outages Due to Loss of Generators

Utility firm Hawaiian Electric HE.Nrestored power on Hawaii Island after it had begun rolling outages on Tuesday due to the unavailability and reduced output from several large generators. “No more rolling outages tonight, power has been restored to all customers …

Snowstorm Descends on NYC as Hundreds of Flights Canceled

A powerful winter storm descended on the US Northeast on Tuesday, dropping snow across the region while snarling commutes, shutting schools and canceling hundreds of flights. Parts of Pennsylvania could see more than a foot (30 centimeters) of snow, while …

Boeing Finds More Misdrilled Holes on 737 in Latest Setback

Boeing Co. found more mistakes with holes drilled in the fuselage of its 737 Max jet, a setback that could further slow deliveries on a critical program already restricted by regulators over quality lapses. The latest manufacturing slip originated with …

Texas Freeport LNG Unit Faces Month-Long Outage After Winter Storm

U.S. liquefied natural gas (LNG) company Freeport LNG said on Friday it expects one of three liquefaction units at its Texas plant will be out of service for about a month after it faced a technical issue during last week’s …