Cyber Insurance for Government

Cyber Risk Pools Struggle with Data & Management – Three Big Challenges

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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

Alarming Rise in Local Government Cybersecurity Attacks: INE Security Warns of Multi-Terabit DDoS

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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

58% of Federal Contractor Cyber Breaches Linked to Third Parties: National Security at Risk

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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

“What’s the Number of Our Cyber Insurance Broker?” School Districts Across North America Ask After PowerSchool Hack

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“’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

Better Late Than Never & Better Insured Than Not: NY Town Announces Hack & Expected Recovery from Cyber Insurance for Government

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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