The Source for Cyber Insurance News, Insights and Data
This TechTarget article includes results from the useful Delinea white paper: “Cyber Insurance – If You Get It, Be Ready to Use It.” “(Kurtis Minder, CEO of cybersecurity vendor GroupSenseMinder) has observed threat actors only becoming more ruthless in exploiting enterprises. For example, earlier this month the Alphv ransomware gang leaked photos of cancer patients … Read more
Eos is investing $5m in Fenix24; valuation was not released. The investment demonstrates growing industry focus on “right of the boom” cybersecurity technology — loss management for when pre-breach underwriting standards and risk controls have failed to prevent an attack. “‘As Ransomware-as-a-Service has grown, the business impact of cyberterrorists’ ransomware attacks has also increased significantly—more … Read more
Maryland’s Atlantic General Hospital was hit at the end of January by a ransomware attack that disrupted operations, but did not penetrate electronic health records, which had a separate host, the hospital’s CEO reported. “’We will survive this,’ (Don Owrey, president and CEO) said. ‘It’s been incredibly disruptive to our business operations, as you can … Read more
“The cost of cyber liability insurance has surged in recent years. The premium for Minneapolis Public Schools’ policy rose from $42,000 last year to more than $63,000 this year, and the deductible jumped from $50,000 to $100,000. MPS isn’t the only metro-area school district feeling the pinch. St. Paul Public Schools officials saw their cyber … Read more
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 with the details of their cyberinsurance so that they can set the ransom amount accordingly. The HardBit operators say they do not want to demand … Read more