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Sonic Automotive Inc., one of America’s largest car dealers, recently reported that its Q1-2025 net income reached $70.6 million, “up 68% year-over-year.” But that increase “includes the effect of a $30.0…
Read More “Cyber Insurance Settlement Boosts Financial Results of Major Auto Dealer” »
Four companies have settled charges by the Securities and Exchange Commission (SEC) that they made “materially misleading disclosures” after being breached in 2020 by the SolarWinds’ Orion software hack (US…
Thought the risk of being sued for a cyber breach was already high? It’s getting worse, Carolyn Purwin Ryan, a partner in Mullen Coughlin LLC’s data privacy and cybersecurity practice,…
Read More “Cyber Insurance & Lawsuits: It’s a “Race” to the Courthouse for Cyber Litigation” »
What some call the largest IT outage in history was caused by a faulty software update, not a cyber attack. But the team at Broadstone thinks the CrowdStrike debacle this…
Read More “CrowdStrike Snafu Will Shake Up Cyber Insurance Market: Broadstone” »
“Artificial intelligence systems” (“AIS”) and “external consumer data and information sources” (“ECDIS”) can help insurers and companies, New York State regulators concede, but the technologies better not hurt “protected classes”…
Read More “AI to the Rescue for Cyber Insurers? Not so Fast, Says New York State” »
The Securities and Exchange Commission (SEC) has sued SolarWinds Corporation, the software company, and its chief information security officer, Timothy G. Brown, for fraud and internal control failures in relation…
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…
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…