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Insurers have been tightening their war exclusions and clarifying attribution requirements, especially after the recent court win by Merck over reimbursement of its losses from 2017’s NotPetya malware attack. “However, in DBRS Morningstar’s opinion, attribution of cyber warfare remains a challenge because it places the onus on the insurer to demonstrate that a cyber incident … Read more
The new report goes beyond the growing media and PR generalities on this topic. It includes specifics on types of potential attacks and other actionable data. It also provides context useful for the “Act of War” discussions now occurring between cyber insurers and their clients. From the report: …the prolific ransomware gang Conti has sided … Read more
“This new partnership with Duck Creek will bring tangible benefits to the users of Duck Creek’s policy underwriting platform. Prior to the integration, underwriters were making decisions without access to key cyber metrics. They may have missed key flags and would have had to rely solely on external research during the underwriting process. Now, that’s … Read more
“But there is currently no good way for talking about and dividing up the different impacts of a single piece of code in the context of insurance claims, so the question becomes misleadingly binary: Was NotPetya’s impact an act of cyberwar or not? Merck wasn’t specifically targeted by NotPetya; it was a noncombatant outside the … Read more
“NordPass will now be incorporated into Cowbell Rx, Cowbell’s referral platform for cyber security solutions and risk management, as part of the deal. Policy holders will also be offered a 15% discount on NordPass Business.” Source: NordPass teams up with insurance provider Cowbell Cyber to improve security awareness | IT PRO