The Source for Cyber Insurance News, Insights and Data
Threat actors are using AI chatbots to negotiate ransoms. Travelers’ Director of Cyber Risk Services says they are not setting the price. They are removing the hours a victim needs to check backups and understand what happened. The pricing decision is still human. The clock is not. Matthew Butler, Director of Cyber Risk Services at … Read more
The Domain That Waited A carrier writes three mid-market manufacturers in the same quarter. Different brokers, different states, no shared vendors. Eleven months later, all three report wire fraud losses inside six weeks of each other. The domains used against them were registered on the same afternoon, at the same registrar, on the same hosting. … Read more
Bitkom has published a single headline damage figure for German industry every year for a decade. This year it published two. The digital association put losses from data theft, industrial espionage, and sabotage at somewhere between €211bn and €270.8bn over the past twelve months. The reason for the corridor sits in the methodology note. Companies … Read more
Threat intelligence has a timing problem. Most of it arrives after the damage. An indicator of compromise is a receipt, not a warning. Silent Push announced on Aug. 4 that it will sell its underlying infrastructure data to other cybersecurity companies. The Reston, Virginia firm previously kept that data inside its own platform. Now product … Read more
Mark Twain once wrote that the difference between the almost-right word and the right word is “really a large matter—it’s the difference between the lightning-bug and the lightning.” Allianz just picked a side. Allianz Insurance Singapore renamed its personal cyber insurance product Aug. 12, according to a press release. Allianz Cyber360 Protect is now Allianz … Read more