The Source for Cyber Insurance News, Insights and Data
The Headache In Carolina Beach A coastal town in North Carolina found out just how costly cyberattacks can be, and it put government cybersecurity in the spotlight. Carolina Beach reported that thieves stole $487,994.80 from town funds in two separate incidents. According to Port City Daily, the losses affected both the enterprise and general funds. … Read more
Ever been in a massive traffic jam and wonder what the heck was causing it? The citizens of one city actually got a (disturbing) answer — a cyber hack was the culprit. The Polish town of Olsztyn—a “Smart City” with automated traffic monitoring and Wi-Fi-equipped trams—ground to a halt in 2023 due to a cyber … Read more
Nevada expects its $7 million government cyber insurance policy to cover all direct costs of a cyber attack that paralyzed state operations in August, a top official recently told lawmakers. Hack Disrupted Operations & Generated More Attacks The ransomware attack forced the closure of some state offices for two days; disrupted the Department of Motor … Read more
Understanding Cyber Risk Pooling in the Public Sector More and more public-entity risk pools are being formed to facilitate the purchase of cyber insurance policies. Analysis from KYND, a provider of cyber risk technology that “transforms complex cyber risk data into clear, actionable insights” outlines three primary data management obstacles being experienced by risk pools, … Read more
The Vulnerability of Local Government Cybersecurity INE Security has issued a warning about the rising threat of cyberattacks against local governments. As cities digitize more public services, cybercriminals are exploiting this shift to target critical infrastructure. We’ve reported in the frequency with which K-12 schools need to contact their cyber insurance broker because underfunding in … Read more