The Leading Source for Cybersecurity Insurance News, Insights and Data
“’It is so hard and so much more work needs to be done to improve the security of tech, to improve the cybersecurity of systems, that we’d essentially be pressing…
Read More “Why Did the White House Decide NOT to Ban Ransomware Payments? ” »
Anne Neuberger, the U.S. Deputy National Security Adviser for Cyber and Emerging Technology, wrote an opinion piece in the Financial Times on the evolving nature of ransomware attacks and the…
In 2023, the United States faced a relentless onslaught of financially driven ransomware attacks. These assaults impacted 2,207 hospitals, schools, governments, and private sector companies, as detailed by Emsisoft in…
Read More “Ransomware Crisis Worsens in 2023: Calls for Urgent Action to Ban Payments – Report” »
This interesting report provides the “tick tock” of a ransomware attack on a small US bank, including the role of cyber insurance in the recovery. The details reveal the bank…
Read More “The Nightmare of a Ransomware Attack, Community Bank Version ” »
Australia’s Home Affairs Minister said the government is considering just such a move, following a dramatic ransomware attack (where the victim did not pay ransomware and had no cyber insurance). …
Cybersecurity is no longer an abstract threat; it’s an immediate and pervasive danger keeping the CEO of mid-sized River City Bank, Steve Fleming, up at night. Hackers relentlessly target both large institutions…
Read More “Mid-Size Bank Cybersecurity: Underinsured and Overexposed” »
In the rapidly evolving cyber threat landscape, the year 2024 has seen a dramatic increase in ransomware attack severity, according to Coalition’s newly released 2024 Cyber Claims Report: Mid-year Update….
Read More “Severity of Ransomware Attacks Surges in First Half of 2024 – Coalition Report” »
The persistent threat of ransomware continues to pose significant dangers to organizations worldwide. Recent news from around the world highlights the idea that combating this menace should involve banning ransomware…
Read More “Marsh Report Reveals Ransomware’s Persistent Threat in 2023 Cyber Insurance Claims” »
In the world of cybercrime, few experiences are as frustrating as paying a ransom to recover stolen data only to remain empty-handed. This stark reality is highlighted in the issue…
Read More “1/3 of Ransomware Victims Did Not Recover Data Even After Paying Up” »
Ransomware, a form of malicious software, kidnaps an organization’s data, encrypts it, and demands a ransom for its release. This modern-day digital extortion has historical roots in the practice of…
Read More “Ransomware Ravages Organizations, Leaving Lasting Damage” »