Are Municipalities Prime Targets for Hackers?
The report concerns a March 2022 attack on the Canadian tourist town of Banff, which apparently cost over $500,000. “Municipalities can be favoured targets of cybersecurity attackers because their cyber…
Most K-12 Schools Have Cyber Insurance, But Still Lack Basic Security Measures: MS-ISAC Report
In our opinion, the report’s authors are diplomatic in their summary: “The K-12 community displayed an overall average maturity score of 3.55 on the 2021 NCSR’s 1 through 7 maturity…
K-12 Schools Having Trouble Getting & Maintaining Cyber Insurance: GAO
“Additional federal coordination is needed to enhance K-12 cybersecurity,” says the report from the United States Government Accountability Office (GAO). But it looks as if many school districts are failing…
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Local Governments Struggle with Hikes in Cyber Insurance Premiums
“’We’ve been seeing the cost of cyber insurance increase for years now, but this year it went to a whole new level,’ said Michael Zurlo, president of the New York…
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Hack of L.A. Schools Highlights Complexity and Costs of Attacks on School Systems
The L.A. school system reportedly has cyber insurance, but how much it will cover is unclear. The system had failed to address security deficiencies identified in 2020. The range of…
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Got an Opinion on Whether the Feds Should Take a Major Role in Cyber Insurance? You’ve Still Got Time to Weigh In with the Government
From the Dept. of Treasury — SUMMARY: Over the past several years, the Federal Insurance Office (FIO) in the U.S. Department of the Treasury (Treasury) has continued its ongoing efforts…
Got an Opinion on Whether the Feds Should Have a Cyber Insurance Program? Now’s Your Time to Comment
“Should an existing federal insurance program (e.g., NFIP or TRIP) or other U.S. or international public-private insurance mechanisms serve as a model for, or be modified to address, catastrophic cyber…
Why Did the White House Decide NOT to Ban Ransomware Payments?
“’It is so hard and so much more work needs to be done to improve the security of tech, to improve the cybersecurity of systems, that we’d essentially be pressing…
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Report from Oregon: Cyber Insurance Rates Soar for Towns & Cities
(TV station) KGW asked 20 of the largest cities in Oregon for a copy of their cyber insurance policies. Eighteen cities had coverage. Two did not — McMinnville and Redmond….
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Schools Slammed By Cyber Attacks, Struggle to Qualify for Affordable Cyber Insurance
“The 2022 ‘Cyber Market Conditions’ report indicates school districts may face a 100 to 300 percent increase in the cost of premiums if they don’t have ‘best in class’ security controls…
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