The Source for Cyber Insurance News, Insights and Data
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
Alarming Statistics: The Call is Coming from Inside the House SecurityScorecard’s latest report reveals a staggering 58% of cyber breaches impacting top U.S. federal contractors originate from third-party vulnerabilities. This rate of federal contractor cyber breaches is double the global average and reflects serious weaknesses in managing external risks. The issue evokes the classic horror … Read more
“’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