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We recently told you how a cyber insurance settlement of $30 million boosted Q1-2025 results for Sonic Automative, which was hit by the ransomware attack last year on CDK Global,…
Sonic Automotive Inc., one of America’s largest car dealers, recently reported that its Q1-2025 net income reached $70.6 million, “up 68% year-over-year.” But that increase “includes the effect of a $30.0…
Read More “Cyber Insurance Settlement Boosts Financial Results of Major Auto Dealer” »
Cloud Disruptions Rise Critical cloud outages rose by 18% in 2024, lasting nearly 19% longer than in 2023. Google Cloud experienced a 57% increase in downtime hours. Microsoft Azure improved,…
Read More “Cloud Outages in 2024 Increased by 18%, Google Cloud Downtime Up 57% – Parametrix” »
Third-Party Risk Accounted for Nearly a Quarter of Material Claims According to new data from cyber risk firm Resilience, third-party risk became a leading cause of cyber insurance claims in…
Read More “Third-Party Cyber Risk Drove Major Financial Losses in 2024, Resilience Finds” »
The town of Webster, NY has announced it lost more than $520,000 in a phishing attack in November, but says local police have recovered $300,000 of the stolen money and…
It’s been a year since public companies had to start complying with new SEC cyber incident disclosure rules requiring Form 8-Ks for “material” cyber events. Law firm Paul Hastings has…
Cyber insurance premiums will grow “15% to 20% per year to a total of about $23 billion by the end of 2026, up from about $14 billion at the end…
Read More “Cyber Re/Insurance Market To Grow Rapidly with Sustained Margins: S&P Global Ratings” »
The company now offers “tailored parametric insurance solutions” to protect companies when their IT systems go down, creating business or digital system interruptions. The business interruption insurance follows the July…
Read More ““Downtime”& Digital Business Interruption Insurance Offered by Parametrix” »
Check out our detailed report on the cyber insurance lawsuit Fortune 500 company Sinclair Inc. has filed against CCC/CNA and Starr Indemnity, claiming the cyber insurers each owe the broadcaster…
The local news is not good for broadcaster Sinclair Inc. (Nasdaq: SBGI), a Fortune 500 company known for the 185 television stations it owns or operates across the US. The…
Read More “Want Your Cyber Insurance Claim Paid? Sue Us, CNA and Starr Tell Sinclair Inc.” »