The Source for Cyber Insurance News, Insights and Data
The aviation industry is a marvel of complexity, coordinating intricate schedules, unpredictable weather patterns, and the seamless flow of information across digital networks. From customer interactions to internal communications, the industry’s reliance on these digital systems is paramount for maintaining ongoing and reliable operations. Ensuring the cybersecurity of these systems is thus critical. With news … Read more
The word breach originates from the same roots as the word “break,” which signifies a rupture or violation. In the context of cybersecurity, a data breach represents a break in the security measures intended to protect sensitive information. That leads to unauthorized access and exposure. The etymology underscores the gravity of such incidents, highlighting the … Read more
Ransomware is wreaking havoc on organizations worldwide, and the numbers are staggering. Travel firm CWT Global shelled out $4.5 million in Bitcoin. The University of California San Francisco $1.14 million, and Colonial Pipeline paid $5 million. Chemical distributor Brenntag paid $4.4 million to DarkSide, while U.K.’s Travelex dished out $2.3 million to REvil. Cognizant Technology … Read more
A recently published report by cyber advisory and solutions firm Optiv reveals a substantial 59% year-over-year increase in cybersecurity investment, underscoring organizations’ growing priority on cyber defense. The 2024 Threat and Risk Management Report, based on a survey of 650 IT and cybersecurity professionals by the Ponemon Institute, outlines how companies navigate the complex and … Read more
Amid growing concerns over cybercrime, the U.S. healthcare sector remains a prime target for cybercriminals. New research from SecurityScorecard indicates that the U.S. healthcare sector has achieved a “B+” cybersecurity rating for the first half of 2024. However, the report “The Cyber Risk Landscape of the U.S. Healthcare Industry, 2024” also highlights a significant supply … Read more