The Source for Cyber Insurance News, Insights and Data
To get cyber insurance, companies increasingly must adhere to certain security requirements. Multi-Factor Authentication (MFA) is perhaps chief among them. MFA adds an additional layer of authentication and makes it difficult for attackers to gain access to user data. This useful article discusses relatively fast and most cost-effective paths to connecting all your self-hosted apps … Read more
Forget natural disasters, says the CEO. Cyber is the biggest threat, and public-private systems will be needed (note recent US movement in that direction.) “’What will become uninsurable (versus climate change or pandemics) is going to be cyber,” (Mario) Greco said. ‘What if someone takes control of vital parts of our infrastructure, the consequences of … Read more
MIRIS, a “mutual insurer, a structure in which the company is owned by its customer members, is looking to meet increasing demand for cyber cover due to rising attacks…The new insurer is also talking to some 40 others about joining…” MIRIS is owned by its customer members (all European). MIRIS FAQs are here. Source: BASF, … Read more
Morley Companies settled for $4.3 million in relation to its August 2021 hack. The company did not report the data theft to the public until early 2022, apparently running further afoul of California and HIPAA regulations. “The Michigan-based third-party vendor provides process outsourcing for a range of U.S. companies, including healthcare. A little more than … Read more
“Whatever the motive and means, the cyberattack on the Met is a warning to other cultural institutions. Anyone is a potential target. ‘I am always cautioning clients that everyone is a target, regardless of their size and industry. It should not take an incident such as this to make other cultural institutions realize they are … Read more