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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…
Read More “Hack of L.A. Schools Highlights Complexity and Costs of Attacks on School Systems” »
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…
“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…
“’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…
Read More “Why Did the White House Decide NOT to Ban Ransomware Payments? ” »
(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….
Read More “Report from Oregon: Cyber Insurance Rates Soar for Towns & Cities ” »
“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…
Read More “Schools Slammed By Cyber Attacks, Struggle to Qualify for Affordable Cyber Insurance ” »
“Limited funds leaves (sic) K-12 districts struggling to make some cybersecurity investments or pay competitive cybersecurity salaries, (Amy) McLaughlin said. CoSN’s (K-12 professional association) most recent survey found a quarter…
“The Hive group claims to have breached the system and then obtained details of its cyber insurance policy to use in negotiations. ‘We are very well informed and precise in…
Read More “Hacker Group Cites Target’s Cyber Insurance Limits in Ransom Demand ” »
“Another reason that risk matrices can be counterproductive is they act as an ‘analysis placebo,’ where decision-makers think they understand the risk because they have subjectively characterized the risk as…
Read More “Risk Matrices Don’t Work, Says Report from the Government Finance Officers Association” »
“Officials can look at the probabilities of attacks succeeding and probabilities that these result in different depths of financial losses. Then officials can factor in how adopting different preventive measures…
Read More “Report Helps Gov Agencies Analyze ROI of Cyber Defenses/Insurance ” »