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[Paywall may apply] “The costly NotPetya cyberattack, which the U.S. blamed on Russia, should be considered a ‘cyber nuclear attack,’ insurers argued as they urged judges to overturn a legal…
Read More “Insurers Claim NotPetya Was “Cyber Nuclear Attack” ” »
We’ve all heard the horror stories of companies hacked via penetrations of their vendors and partners. “’A company can take out insurance for third parties, but we don’t see a…
Read More “Supply-Chain Risk Continues to Bedevil Large Companies and their Cyber Insurers ” »
We’ve reported on the rise of “fraudulent instruction” scams and concerns they raise for the cyber insurance industry. This one targeted the campaign of Senator Jerry Moran (R, Kansas). “Cybercriminals…
Read More ““Fraudulent Instruction” Attack Swipes $690,000 from Senate Campaign ” »
Cyber liability insurers are scrutinizing clients for trending security shortfalls. A key one: cloud misconfigurations, which represent the third most common attack vector and are linked to 80% of ransomware…
Read More “Get Your Head in the Cloud to Win the Trust of Cyber Insurers: Trend Micro ” »
The Des Moines, Iowa school system has called in its (unnamed) cyber insurer, the FBI and DHS after an apparent ransomware attack, which put 30,000 students out of school for…
Focus on cybersecurity for the grid was growing even before criminals attacked Washington and North Carolina substations in December. “The Federal Energy Regulatory Commission is considering developing new cybersecurity rules…
“Whatever the motive and means, the cyberattack on the Met is a warning to other cultural institutions. Anyone is a potential target. ‘I am always cautioning clients that everyone is…
The report concerns a March 2022 attack on the Canadian tourist town of Banff, which apparently cost over $500,000. “Municipalities can be favoured targets of cybersecurity attackers because their cyber…
“(T)he biggest risk hasn’t yet materialized: a cyberattack against a company or information services system so important to an economy, or to society as a whole, that it reaches systemic…
Read More “Cyber Insurers Try to Plan for “Catastrophic Events:” WSJ” »
The new deadline to comment on the issue is December 14th. “Pursuant to a recommendation from the Government Accountability Office, under direction from Congress to investigate the question, the agencies…