Cyber Insurance Claims

MGM Has $200M Cyber Insurance Policy – Report

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In a widely reported research note on MGM Resorts International (NYSE: MGM), JMP Securities analyst Jordan Bender wrote that he believes the company has a $200 million cyber insurance policy that covers business interruptions and payments to bad actors. If that’s accurate, the resort operator isn’t likely to incur significant costs attributable to the data … Read more

Some IT Pro’s Confused About Their Cyber Insurance: InformationWeek Survey

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“12% (of 180 IT/cybersecurity professionals surveyed in June) had no idea whether ransomware is covered at all” in their cyber insurance policies.” About 28% of the respondents said their company had a stand-alone cybersecurity policy, lower than some estimates but close to a recent survey from Forrester (here). Most respondents who have a cyber insurance … Read more

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