The Source for Cyber Insurance News, Insights and Data
In our opinion, the report’s authors are diplomatic in their summary: “The K-12 community displayed an overall average maturity score of 3.55 on the 2021 NCSR’s 1 through 7 maturity scale. Results from the Nationwide Cybersecurity Review (NCSR) risk-based assessment have shown the K-12 sector is improving in its cybersecurity capabilities over time, though the … Read more
We’ve seen such attacks. They’re tricky, often made possible by poor cyber hygiene, and require attention to detail by employees as a final defense (“Boss, are we really supposed to send this wire transfer to a bank in China?”) As Beazley defines it: “Fraudulent Instruction is the transfer of funds by an employee, outside of … Read more
“The group threatened to release the data of Medibank’s ‘1k most [prominent] media persons’ which includes ‘[those with the] most [social media] followers, politicians, actors, bloggers, LGBT activists [and] drug addicted people’ as well as people with ‘very interesting diagnoses.’” Source: Medibank is latest Australian company to suffer cyber security incident | Cyber Security Hub
“(F)ederal prosecutors alleged that in an attempt to cover up the security violation, (then Uber security executive Joe) Sullivan had ‘instructed his team to keep knowledge of the 2016 Breach tightly controlled’ and to treat the incident as part of the bug bounty program.” Source: Uber’s ex-security chief faces landmark trial over data breach that … Read more
“’So then the question is going to be, well, is there coverage for the attack? Is there coverage for the fire? Does the policy exclude coverage for both? And these are some real tough questions that need to be asked in evaluating the claim,’ (Marc Voses, partner at Clyde & Co.) said. ‘You might have … Read more