British multinational jeweler Graff Diamonds Corp. has filed a lawsuit against its insurer, The Travelers Companies, Inc. (Travelers), for failing to provide indemnity after it paid $7.5 million in Bitcoin to ransomware hackers. Graff Sues Insurer Over $7.5M BTC Ransom Loss According to a Bloomberg report on Wednesday, Graff’s security systems were exploited by the notorious Russian hacking gang Conti in September 2021. The breach allowed the group to access data belonging to “high-end” customers, including U.S. former President Donald Trump and the royal families in Saudi Arabia, UAE, and Qatar. After the attack, Conti published 69,000 documents containing the […]