The Source for Cyber Insurance News, Insights and Data
Progress Software Corporation (PRGS) is the provider of MOVEit Transfer software, a program responsible for what is widely considered the largest hack so far in 2023, impacting at least 2,000 enterprises and 60 million individuals, according to media reports. The Company has now issued a 10Q report (10/10/23) providing details on the attack and recoveries … Read more
The dawn of SEC-required cyber disclosures seems sure to increase litigation, as we’ve reported. Could the kind of cyber risk management now required by most cyber liability insurers provide some protection from the plaintiff’s bar? Liberty Mutual thinks so. “Cyber risk management strategies can help mitigate the likelihood of falling victim to an attack; but … Read more
The world of cyber insurance and cybersecurity are as intertwined as homeowners insurance and home security. The difference? One is established and familiar. But cyber is, relatively, nascent. In a seeming hat-tip to that reality, Marymount Manhattan College has avoided a $1 million fine and gained a $3.5 million investment in data security. Albeit their … Read more
Interesting read in yesterday’s Las Vegas Review-Journal about a new Nevada law that protects homeowners’ online payments with cyber insurance. It went into effect on July 1, 2023. The law requires homeowner associations (HOAs) to use cybersecurity insurance to protect homeowners’ data and to have certain data protection measures in place. The law was passed … Read more
The cybersecurity landscape is evolving rapidly, and the recent SEC (Securities and Exchange Commission) rules have added a new layer of complexity for public companies. Jeremy King of Olshan Frome Wolosky has delved into the crucial issues surrounding cyber risk management and the implications of these rules. Below we explore the insights shared by Bloomberg … Read more