Open Wide! Cyber Insurance for Dentists…
“Are we de-facto targets? By D. Kellus Pruitt DDS Have you purchased cyber insurance yet, Doc? If you are a HIPAA covered entity, you’re going to need it. Press release:…
“Uninsurable” Australian Businesses Face Boom in Cyber Attacks
Article notes that some Aussie businesses are slacking off on cyber security after they get coverage. Plus, local regulators are prodding cyber insurers to ensure their own cybersecurity houses…
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Russians Are Often on the Receiving End of Cyber Attacks
2.3 million dark net accounts are operating in Russia and many offer stolen data, says expert from Russia’s largest bank. Cyber attacks have cost Russian companies and citizens up to…
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Senior Cyber Claims Advocate — Opening at Willis Towers Watson
Must be a lawyer. Duties include: “Advise clients of their claim related obligations under the policies and establish client-specific claims management procedures Provide claims advocacy on behalf of clients by…
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Swiss Re Creates Central Cyber Underwriting Team
“The new central cyber underwriting team will assume global responsibility for Swiss Re’s underwriting and product development activities in the cyber sector.” The company has hired John Coletti to manage…
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SEC Cracks Down on Cyber Disclosures: Does Cyber Insurance Cover Costs & Fines?
The answer in most cases appears to be “no.” “A cyber liability policy could respond to an SEC investigation, depending on the policy’s wording, ‘but there’s a big caveat to…
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Cyber Prices Soar 25.5% in Q2 as Ransomware Payouts Increase
Most survey respondents said clients had been reimbursed for ransomware payments. One broker reported 30+ payouts in the first half of 2021. “Commercial insurance prices moderated across all account sizes…
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Cyber Insurers Join NIST to Create New Framework for Cybersecurity Products and Audits; From White House Cyber Summit w/ President Biden and Industry
“The National Institute of Standards and Technology will work with Microsoft, Google and the insurance industry companies Travelers and Coalition to create a new framework designed to help guide the…
Cyber Losses Trigger “Domino Effect” For Cybersecurity Insurers & Brokers
Broker urges patience as industry develops sustainable approach to ransomware and other cyber issues…unfortunately, the cyber crooks are anything but patient. “Obviously, you can see just how difficult it is…
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Weeks After Going Public, Ryan Specialty Group Suffered Cyber Breach
The breach involve employee emails. “The company then conducted a manual review of the emails to determine whether they contained sensitive information. This process, completed on June 30, 2021, showed…
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