Ransomware is Back, Cyber Insurers Report
Insurers say ransom-related claims rose sharply in the first half of 2023, the Wall Street Journal reports in this article (paywall may apply). “Along with the rise in claims related…
Can the Existence of a Risk Management Program for Cyber Insurance Also Provide Legal Protection?
The dawn of SEC-required cyber disclosures seems sure to increase litigation, as we’ve reported. Could the kind of cyber risk management now required by most cyber liability insurers provide some…
Clorox Has Cyber Insurance to Pay at Least Some of the $25 million & Growing Hit from its Ransomware Attack
“Clorox so far has spent $25 million to respond to a suspected ransomware attack, including hiring forensic investigators and legal and technology help. More cyber expenses are expected to arise in…
MGM Resorts Hack Covered By Cyber Insurance – WSJ
Amid the Wall Street Journal exclusive report on the MGM hack, an intriguing detail emerges. MGM has affirmed that it is poised to mitigate the financial impact of the cyberattack…
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MGM Has $200M Cyber Insurance Policy – Report
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…
Some IT Pro’s Confused About Their Cyber Insurance: InformationWeek Survey
“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…
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