The Source for Cyber Insurance News, Insights and Data
“’You should certainly interact with your (cyber) insurance brokers in that regard and speak with them about the best circumstance for you,’ (PowerSchool Chief Legal Officer Michael) Bisignano” has been advising clients of the firm, which this month began alerting clients of its recent breach. How the PowerSchool Hack and the Need for Cyber Insurance … Read more
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 its cyber insurer is expected to cover another $240,000 under the town’s cyber insurance for government. The incident has been described as a phishing attack, … Read more
In a decisive move to bolster cloud security, CISA unveiled Binding Operational Directive 25-01, targeting vulnerabilities that expose federal civilian agencies to cyber threats. “Recent cybersecurity incidents highlight the significant risks posed by misconfigurations and weak security controls, which attackers can use to gain unauthorized access, exfiltrate data, or disrupt services,” said CISA Director Jen … Read more
The San Diego County Civil Grand Jury exists to “represent the citizens of San Diego County by investigating, evaluating, and reporting on the actions of local government and special districts.” Its new report gauges efforts by the San Diego County Office of Education (SDCOE) and local school districts to handle cyber security and how they … Read more
The energy, oil/gas and utilities sector has the highest level of cyber insurance coverage, with 97% of surveyed organizations reporting policies (most of them standalone.) The lowest adoption of cyber security coverage is found in the “Central/federal government” and IT, tech and telecom sectors. To be sure, even with the lowest penetration, these two sectors … Read more