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The 2023 U.S. Cyber Market Outlook provides useful information on issues such as the regulatory environment, causes of cyber claims, industry break-downs and some predictions for 2023. It also affirms…
An appeals court found T-Mobile can cover its Zurich deductible with funds it recovered from a vendor involved in the breach. “The court rejected Zurich’s argument that a policyholder can’t…
You’ve got until Jan. 17th to weigh in. See instructions in the embedded document at the link below. Requested feedback includes: “Address incentivizing cybersecurity adoption and compliance. TSA wrote that…
Read More “TSA Asks: How Could Cyber Insurance Fit into Regs for Rails and Pipelines? ” »
“Founded in 2002, Positive (Positive Physicians Insurance Company) provides medical malpractice insurance coverage for physicians, medical staff, and medical groups. ‘Cyber Insurance is often an afterthought in the MPL space,…
Read More “Coalition Pursues Medical Market with Malpractice Insurance Provider ” »
“’Based on a very healthy budget, we were able to check every box and keep our premiums to an increase of only 46% as opposed to the 103%,’ (ChristianaCare CISO…
“MFA (Multi-Factor Authentication) is good and everyone should use it where they can to protect valuable data and systems (says security expert Roger A. Grimes.) Unfortunately, the insurance industry and…
Read More “Does the Cyber Insurance Industry Overrate MFA? ” »
We recently wrote about the business interruption (BI) risk from DDoS attacks. Now @CAC_Specialty discusses 5 important elements of BI coverage. “1) Waiting Period Length Prior to the hard market,…
Read More “The Most Challenging Part of Cyber Insurance Underwriting: Business Interruption? ” »
The report concerns a March 2022 attack on the Canadian tourist town of Banff, which apparently cost over $500,000. “Municipalities can be favoured targets of cybersecurity attackers because their cyber…
“Recent years had seen a boom in the use of ransomware, which scrambles victims’ computer data until a payment is made. Now, (Chairman of ISSP, a Ukrainian computer-security firm, Oleh)…
Read More “Ukraine War Has Actually REDUCED Ransomware Attacks: The Economist ” »