The Source for Cyber Insurance News, Insights and Data
Modern Bank Robberies Have Gone Digital – Retire the getaway car. Save the ski mask for skiing. The days of the bank heist are dwindling. Well, not really. U.S. bank robberies peaked in 1991 at 9,388. By 2023, the number dropped to 1,362, an 83% decline in 20 years. Today, the average stolen haul is … Read more
Chollima: Culture, Symbol, and Global Reach – There are reports today that North Korea is engaged in an AI modernization of its military. The reporting includes these apparent orders: “make plans to build AI-based manned and unmanned multipurpose combat systems.” With that and constant talk of fake IT workers tied to North Korea, and artificial … Read more
Manufacturing cybersecurity now commands board attention. Rockwell Automation’s 10th “State of Smart Manufacturing” places cyber threats second among external risks, after economic conditions. Our coverage earlier this week highlighted extreme Operational Technology (OT) loss models nearing $330 billion. Business interruption alone could exceed $172 billion. The stakes for plants and insurers keep rising. Smart manufacturing … Read more
SonicWall expanded its cybersecurity platform with nine Generation 8 firewalls. The lineup targets MSPs, MSSPs, and mid-market customers. Every model supports cloud-based Unified Management and embedded Zero Trust Network Access. “Our new firewall lineup is just one part of a broader, unified platform strategy. With SonicWall Unified Management, embedded ZTNA, the SonicSentry managed services team, … Read more
The Critical Matter of OT Cybersecurity – The global financial impact from catastrophic cyber events targeting Operational Technology (OT) could hit $329.5 billion. This, according to a new report from industrial cybersecurity firm Dragos and Marsh McLennan’s Cyber Risk Intelligence Center. In the worst modeled scenario, business interruptions alone would account for more than $172 … Read more