The Source for Cyber Insurance News, Insights and Data
As more and more enterprises back up their data to protect it from being encrypted (and thereby made inaccessible) by ransomware attacks, criminals are now moving to steal the data first before they encrypt it. If the target does not pay up, the attacker releases sensitive data. “Threat actors are now shifting to the method … Read more
“The center will be headed by Managing Director Scott Stransky, a cyber risk and catastrophe modeler. Stransky joined Marsh McLennan earlier this year after more than a decade at AIR Worldwide. He holds a bachelor’s degree in mathematics and a master’s degree in atmospheric science, both from MIT, and his work has been published in … Read more
“One of the numerous requirements is for organizations to implement and run a PAM (Privileged Access Management) tool that will continuously scan access, provides Just In Time Access (JITA), and delivers protection when credentials are compromised.” CynergisTek (CTEK), a leading cybersecurity firm helping organizations in highly regulated industries navigate emerging security and privacy issues, announces … Read more
“One broker noted that ‘the insurance industry has done a really poor job on educating brokers and, more importantly, clients about how important cyber coverage is, how great the risk is, and how comprehensive the coverage can be if properly placed.’ Another responded that the industry also needs to be ‘educating non-tech businesses on their … Read more
“The first is company mapping, which is equivalent to a company’s ancestral tree. Understanding parent entities and subsidiaries and how they work together inform cyber integrity. The second type is technographic data, which showcases the technologies, services, and data centers that the company relies on. Digital asset data is commonly used to understand the scale … Read more