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In the rapidly evolving cyber threat landscape, the year 2024 has seen a dramatic increase in ransomware attack severity, according to Coalition’s newly released 2024 Cyber Claims Report: Mid-year Update….
Read More “Severity of Ransomware Attacks Surges in First Half of 2024 – Coalition Report” »
In the ever-changing arena of cybersecurity and insurance, constant learning is crucial. Bad actors are continuously evolving, which significantly burdens individuals and companies to stay updated. To address this need,…
In the world of cybercrime, few experiences are as frustrating as paying a ransom to recover stolen data only to remain empty-handed. This stark reality is highlighted in the issue…
Read More “1/3 of Ransomware Victims Did Not Recover Data Even After Paying Up” »
The global aluminum and energy company, known as “Hydro,” estimated damages at up to app. USD $74 million. “The company has a robust cyber insurance in place with recognized insurers,”…
Read More “AIG Cyber Insurance on Hook for Hack of Norsk Hydro” »
Fulcrum IT Partners, an MSP, calls them “cyber-warranty backed solutions” and is offering the services with the backing of SPECTRA, the Bermuda-based cyber insurance provider. “As part of the new…
Read More “Money-Back Guarantee from MSP & Cyber Insurance Provider: Cyber Warranty Solutions” »
In 2023, the United States faced a relentless onslaught of financially driven ransomware attacks. These assaults impacted 2,207 hospitals, schools, governments, and private sector companies, as detailed by Emsisoft in…
Read More “Ransomware Crisis Worsens in 2023: Calls for Urgent Action to Ban Payments – Report” »
“This past summer’s cyber attack on (New York state’s) Claxton-Hepburn Medical Center in Ogdensburg and Carthage Area Hospital consumes CEO Rich Duvall’s day-to-day job…Not paying the ransom, dealing with the…
Read More “Cyber Insurance Helps Hospital Recover from Hack & Identify Location of Stolen Data” »
Cyber security claims are back up and could show 25% YoY growth for 2023, says a new Allianz Commercial report. Not only are claims increasing, but so is the complexity of…
Read More “Cyber Security Claims Increasing this Year & So is Complexity of Attacks: Allianz” »
Insurers say ransom-related claims rose sharply in the first half of 2023, the Wall Street Journal reports in this article (paywall may apply). “Along with the rise in claims related…
MGM Resorts International’s stock saw a 4.86% increase, closing at $36.48 on Friday. The move was buoyed by news that the company possesses ample cyber insurance to mitigate losses from…
Read More “MGM Shares Up Almost 5% On News Cyber Insurance Will Cover Hacker Attack” »