The Source for Cyber Insurance News, Insights and Data
“’It is so hard and so much more work needs to be done to improve the security of tech, to improve the cybersecurity of systems, that we’d essentially be pressing victims to make their payments go undercover,’ (deputy national security advisor for cyber and emerging technology Anne) Neuberger said.” Source: US government rejects ransom payment … Read more
Hope of a government bailout doesn’t strike us as a realistic assumption for the vast bulk of ransomware attacks… “Only 19 percent of those surveyed have ransomware coverage limits above $600,000, while over half (59 percent) hoped the government would cover damages when future attacks are linked to other nation-states. Small-to-medium sized businesses (SMBs) – … Read more
“Limited funds leaves (sic) K-12 districts struggling to make some cybersecurity investments or pay competitive cybersecurity salaries, (Amy) McLaughlin said. CoSN’s (K-12 professional association) most recent survey found a quarter of district respondents had a dedicated cybersecurity employee. Others might add cybersecurity to a staff members’ other duties or get part-time help from a virtual … Read more
“The Hive group claims to have breached the system and then obtained details of its cyber insurance policy to use in negotiations. ‘We are very well informed and precise in our operations, so we know that Wootton have cyber insurance that reaches £500k,’ the group wrote in the message to students and parents.” Source: Ransomware … Read more
“The increase in successful ransomware attacks is part of an increasingly challenging broader threat environment which has affected healthcare more than any other sector. Healthcare saw the highest increase in volume of cyber attacks (69%) as well as the complexity of cyber attacks (67%) compared to the cross-sector average of 57% and 59% respectively. In … Read more