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Cyber Insurance Settlement Boosts Financial Results of Major Auto Dealer

Posted on April 28, 2025April 28, 2025 By Mark Sauter

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” »

Cyber Insurance, Cyber Insurance Carriers & Brokers, Cyber Insurance Claims, Cyber Insurance Litigation, Cyber Insurance Settlements

SEC Hits Firms with Millions in Fines for Inadequate Cyber Disclosures; Sparks Dissent on Commission

Posted on October 28, 2024October 28, 2024 By Mark Sauter

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…

Read More “SEC Hits Firms with Millions in Fines for Inadequate Cyber Disclosures; Sparks Dissent on Commission” »

Cyber Insurance, Cyber Insurance Best Practices, Cyber Insurance Financial Institutions, Cyber Insurance Laws & Regulations, Cyber Insurance Litigation, Cyber Regulations, Cybersecurity Investment

Cyber Insurance & Lawsuits: It’s a “Race” to the Courthouse for Cyber Litigation

Posted on October 18, 2024October 21, 2024 By Mark Sauter

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” »

Cyber Insurance, Cyber Insurance Best Practices, Cyber Insurance Claims, Cyber Insurance Litigation

CrowdStrike Snafu Will Shake Up Cyber Insurance Market: Broadstone

Posted on September 21, 2024September 21, 2024 By Mark Sauter

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” »

Cyber Insurance, Cyber Insurance Best Practices, Cyber Insurance Claims, Cyber Insurance Litigation, Cyber Insurance Reports, Cyber Insurance Systemic Risks, Cyber Insurance Underwriting, Risk Modeling

AI to the Rescue for Cyber Insurers? Not so Fast, Says New York State

Posted on July 12, 2024July 12, 2024 By Mark Sauter

“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” »

AI & Cyber Insurance, Cyber Insurance, Cyber Insurance Best Practices, Cyber Insurance Laws & Regulations, Cyber Insurance Litigation

SEC Suit Against SolarWinds CISO to Drive Demand for D&O Insurance & Other Protections for Cyber Security Chiefs: WSJ

Posted on November 4, 2023November 4, 2023 By Mark Sauter

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…

Read More “SEC Suit Against SolarWinds CISO to Drive Demand for D&O Insurance & Other Protections for Cyber Security Chiefs: WSJ” »

Cyber Insurance, Cyber Insurance Best Practices, Cyber Insurance Litigation, Cyber Insurance Threats

New SEC Disclosure from MOVEit Owner Reveals Gory Details of Cyber Insurance Coverage, Lawsuits & SEC Subpoena

Posted on October 14, 2023October 14, 2023 By Mark Sauter

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…

Read More “New SEC Disclosure from MOVEit Owner Reveals Gory Details of Cyber Insurance Coverage, Lawsuits & SEC Subpoena” »

Cyber Insurance, Cyber Insurance Litigation, Cyber Insurance Policies & Strategies, Cyber Regulations

Can the Existence of a Risk Management Program for Cyber Insurance Also Provide Legal Protection?

Posted on October 10, 2023October 10, 2023 By Mark Sauter

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…

Read More “Can the Existence of a Risk Management Program for Cyber Insurance Also Provide Legal Protection?” »

Cyber Insurance, Cyber Insurance Best Practices, Cyber Insurance Claims, Cyber Insurance Laws & Regulations, Cyber Insurance Litigation

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SMB Cyber Threats - In this episode of the Cyber Insurance News Podcast, host Martin Hinton talks with Dan Candee, CEO of Cork Protection, about the rising tide of cyber threats targeting small and mid-sized businesses (SMBs). Dan shares his journey from Main Street entrepreneur to cybersecurity leader, offering real-world insight into the threat landscape, financial vulnerabilities, and how AI and managed service providers (MSPs) can help fortify business resilience.

We explore:
• Why Main Street is more vulnerable than Wall Street
• Common SMB cybersecurity blind spots (like ACH fraud)
• The evolving role of managed service providers
• How Cork Protection blends cybersecurity and cyber insurance
• Real-world attack case studies and practical advice for SMBs

Whether you’re a small business owner, MSP, or cyber pro, this episode unpacks how to prepare, prevent, and protect your organization in today’s digital world.

📌 Topics: cybersecurity, cyber insurance, social engineering, SMB protection, ransomware, AI in security, MSPs

🎙 Guest: Dan Candee, CEO of Cork Protection
📢 Host: Martin Hinton, Executive Editor, Cyber Insurance News

👉 Don’t forget to like, comment, and subscribe for more insights on cyber insurance and digital defense!

#CyberSecurity #CyberInsurance #SMB #AI #CyberPodcast #BusinessResilience #smallbusiness #sme
00:00 Introduction - Dan Candee and Cork Protection
02:27 The Importance of Cybersecurity for Small Businesses
05:29 Understanding Cyber Threats and Their Impact
08:26 The Role of Managed Service Providers in Cybersecurity
11:24 24Financial Protection and Cyber Insurance Solutions
14:01 Leveraging AI in Cybersecurity
16:53 Navigating Cyber Insurance Policies
19:56 Empowering Small Businesses with Knowledge
21:52 The Future of Cybersecurity and Community Resilience
26:05 MSP/ MSSP The Lingo decoded
29:05 Finals Thoughts and a bit of Hope!
SMBs Are Cyber Targets | Dan Candee on Cyber Resilience & AI | Cyber Insurance News Podcast EP#6
Cyberattack on Small Business is on the rise—and AI is making it worse. In this episode of the Cyber Insurance News Podcast, host Martin Hinton sits down with William Altman of CyberCube to unpack how AI is enabling threat actors to more efficiently target and exploit small businesses.

🔐 From credential stuffing to brute force attacks, William explains how cybercriminals use AI to bypass login portals and MFA solutions—putting millions of small business owners at risk.

🎙️ Timestamps:
0:00 - Introduction
6:26 - William Altman on AI and threat actors
6:50 - Credential stuffing, brute force & reused credentials
10:00 - What small businesses can do right now
14:20 - The future of AI in cybercrime

🎧 Don’t miss this crucial update on the cybersecurity landscape for small businesses. Subscribe and stay informed.

#cyberattack #smallbusiness #AI #cybersecurity #CyberCube
Cyberattack on Small Business: How AI Supercharges Cyber Threats | William Altman @CyberCube"
AI and Cyber Threats! In this eye-opening clip from the most recent episode of the Cyber Insurance News & Information Podcast, William Altman of CyberCube explains how artificial intelligence (AI) is not yet redefining the cyber threat landscape—but it’s coming.

🔍 Learn how AI may accelerate ransomware tactics, why smaller businesses are most vulnerable.

Altman also warns about the unpredictable rise of Artificial Intelligence and urges listeners to prepare for an uncertain cyber risk landscape.

🎧 Full Episode: https://youtu.be/TbHxosvWhiU?si=E4e9vpazIKd3fm5d
💡 Don’t miss this must-watch insight for cybersecurity, insurance, and risk professionals.
Cyber Threats & AI: What You Must Know – nsights from William Altman | CyberCube #cybersecurity
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