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Crooks Trying to Calibrate Their Ransoms to Cyber Insurance Limits

Posted on February 24, 2023February 24, 2023 By Mark Sauter

Criminals have been using HardBit ransomware since last fall. Now the hackers are making an unusual, and outrageous, demand on their targets. “The hackers tell victims to anonymously provide them…

Read More “Crooks Trying to Calibrate Their Ransoms to Cyber Insurance Limits” »

Cyber Insurance Threats, Ransomware Insurance

Insurers Claim NotPetya Was “Cyber Nuclear Attack” 

Posted on February 11, 2023 By Mark Sauter

[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” ” »

Cyber Insurance Carriers & Brokers, Cyber Insurance Threats

Supply-Chain Risk Continues to Bedevil Large Companies and their Cyber Insurers 

Posted on February 9, 2023February 9, 2023 By Mark Sauter

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 ” »

Cyber Insurance, Cyber Insurance Best Practices, Cyber Insurance Investments and M&A, Cyber Insurance Threats

“Fraudulent Instruction” Attack Swipes $690,000 from Senate Campaign 

Posted on January 21, 2023January 21, 2023 By Mark Sauter

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 Insurance Best Practices, Cyber Insurance Threats

Get Your Head in the Cloud to Win the Trust of Cyber Insurers: Trend Micro 

Posted on January 14, 2023 By Mark Sauter

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 ” »

Cyber Insurance Best Practices, Cyber Insurance Tech, Cyber Insurance Threats

Ransomware Days = the New Snow Days 

Posted on January 12, 2023January 12, 2023 By Mark Sauter

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…

Read More “Ransomware Days = the New Snow Days ” »

Cyber Insurance, Cyber Insurance for Government, Cyber Insurance Threats, Ransomware Insurance

Keeping the Lights On: Feds Try to Get Ahead of Threats to the Grid as Cyber Insurance Premiums Jump 

Posted on January 6, 2023January 6, 2023 By Mark Sauter

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…

Read More “Keeping the Lights On: Feds Try to Get Ahead of Threats to the Grid as Cyber Insurance Premiums Jump ” »

Cyber Insurance, Cyber Insurance Industry Groups, Cyber Insurance Laws & Regulations, Cyber Insurance Threats

Attack on Metropolitan Opera: Overture for Increased Targeting of Cultural Non-profits? 

Posted on December 18, 2022December 19, 2022 By Mark Sauter

“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…

Read More “Attack on Metropolitan Opera: Overture for Increased Targeting of Cultural Non-profits? ” »

Cyber Insurance Best Practices, Cyber Insurance Carriers & Brokers, Cyber Insurance Threats

Are Municipalities Prime Targets for Hackers?

Posted on December 1, 2022 By Mark Sauter

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…

Read More “Are Municipalities Prime Targets for Hackers?” »

Cyber Insurance Best Practices, Cyber Insurance for Government, Cyber Insurance Threats

Cyber Insurers Try to Plan for “Catastrophic Events:” WSJ

Posted on November 29, 2022November 29, 2022 By Mark Sauter

“(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” »

Cyber Insurance Best Practices, Cyber Insurance Carriers & Brokers, Cyber Insurance Threats

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In the wake of the Harrods hack and cyberattacks impacting other retailers, the alarming state of UK cybersecurity will be revealed in 2024. From cyberattacks hitting major UK retailers like Co-op and Harrods to small businesses struggling without protection, the message is clear—cybercrime is a national threat.

New research by Pen Underwriting reveals that while 90% of UK and Irish businesses feel secure, only 47% have dedicated cyber insurance. Even more shocking—only 18% of businesses earning under £1 million are covered. The cost isn’t just financial—real people suffer, like the couple who lost their wedding cake due to a ransomware attack.

Watch now to understand:

Why UK businesses are dangerously unprepared

How cyberattacks are more common than fires or theft

The key role of employee training, data backups, and multi-factor authentication (MFA)

Why cyber insurance is no longer optional

Visit www.cyberinsurancenews.org for the latest cyber insurance and cybersecurity updates.

#UKCybersecurity #CyberInsurance #SmallBusinessSecurity #CyberCrime
Harrods hack UK Cybersecurity Crisis: Shocking Stats, Real Victims & Business Risks. #cybersecurity
Cyber Insurance Compliance Is Reshaping Security in 2025!

Cyber insurance compliance is no longer optional—it's a driving force behind how companies build and execute cybersecurity strategies. In this video, we break down the latest insights from the 2025 State of Pentesting report:

✅ 59% of U.S. businesses now implement new security tools based on insurer recommendations
✅ 93% of CISOs are guided by mandates from insurance providers
✅ Pentesting isn't just for compliance—it's about proving you're covered and protected
✅ The average enterprise is spending $187,000+ annually on penetration testing

As premiums stabilize, cyber insurance compliance is pushing companies toward proactive, automated, and continuous risk assessment. Learn how to stay ahead, reduce exposure, and align with both regulators and insurers.

💡 Don’t forget to like, subscribe, and hit the bell to stay updated on the latest in cybersecurity and insurance trends!

#CyberInsuranceCompliance #CyberSecurity #PenetrationTesting #CISO #InfoSec #CyberInsurance #RiskManagement #Compliance2025 #EnterpriseSecurity #CyberDefense #TechTrends #InsuranceTech
Cyber Insurance Compliance Is Reshaping Security in 2025 #cyberinsurance
In this video, we break down the massive cyber insurance settlements following the CDK Global ransomware attack that rocked the automotive industry. 🚗💻

Auto giants like Asbury Automotive Group reported up to $10 million in cyber insurance recovery, while AutoNation only recently filed their claim — months after the breach! We explore the financial disclosures, the delayed responses, and what this means for car dealerships, investors, and cybersecurity preparedness.

Learn:
✔️ How cyber insurance is shaping post-breach recovery
✔️ Why SEC filings like 10-Q and 8-K matter
✔️ What lessons other businesses can learn from this
✔️ The real cost of a ransomware attack in automotive retail

🔔 Subscribe for more deep dives into cybersecurity, tech, and industry trends!
#cyberinsurance #CDKGlobal #RansomwareAttack #AutoIndustry #CyberSecurityNews
$10M Cyber Insurance Payout: CDK Ransomware Fallout Hits Auto Giants | #cyberinsurance
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