Cyber Insurance for Utilities

Hackers Silenced The Water Alarms. Insurers Are Being Asked To Fix It.

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Attackers did not just lock operators out. Federal guidance says they learned to disable the alarms that warn something is wrong. A proposal wants underwriters to enforce a standard of care that courts already struck down once. Attackers spent late July inside the control systems of American water utilities. They changed IP addresses. They set … Read more

A New Front for AI & Cybersecurity: Aon Expands Cyber Insurance for the Data Centers that Make AI Possible

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You’ve read plenty about AI & cybersecurity. Now AON, the major global insurance broker, is stepping up its program to protect the data centers that enable AI in the first place from cybersecurity and other threats. Aon plc has expanded the capacity of its Data Center Lifecycle Insurance Program (DCLP) from $1 billion to $2.5 … Read more

Cyber Insurance for Energy And Utility Sector Expands with CAC Group’s CyberPeril Pro

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CAC Group has launched CyberPeril Pro, a new cyber insurance solution tailored for the energy and utility sectors, responding to the increasing risks of cyberattacks on critical infrastructure. Recent incidents, such as the 2021 ransomware attack on Colonial Pipeline that caused fuel shortages across the U.S. East Coast, the 2023 Suncor Energy breach that disrupted … Read more

American Water Won’t Discuss Cyber Insurance as Huge Utility Recovers from Cyber Attack; Hack Follows USG Warnings About Threats to Water Utilities

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The “largest regulated water and wastewater utility company” in the United States, American Water, is recovering from a cyber attack that forced it to pause billing services for its 14 million customers. While the company says it’s retained 3rd-party cyber experts to help with the response, a spokesman declined to respond to Cyber Insurance News‘ … Read more

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