Critical Infrastructure cyber insurance and security

Urgent Maritime Cybersecurity Warning: GAO and Coast Guard Sound the Alarm

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Cybersecurity Concerns Front and Center Cybersecurity across the U.S. Maritime Transportation System (MTS) remains a pressing concern, according to Rear Admiral Wayne R. Arguin’s introduction in the Coast Guard’s 2024 Port State Control Annual Report. He stresses that increased digital integration has opened new vulnerabilities in maritime operations. Arguin calls on industry leaders to evaluate … Read more

New Report: ICS/OT Cybersecurity Budgets Lag as Attacks Surge, Leaving Critical Infrastructure at Risk

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Imagine getting a report card with words like “insufficient,” “misaligned priorities,” and “fragmented defenses.” That’s the current state of industrial control system (ICS) and operational technology (OT) cybersecurity, according to a new report from OPSWAT and SANS Institute. Despite rising cyberattacks targeting critical infrastructure, cybersecurity budgets remain inadequate. The obvious result of insufficient ICS/OT cybersecurity … Read more

GAO Report: Coast Guard Must Strengthen Maritime Cybersecurity

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The U.S. Government Accountability Office (GAO) has released a report urging the Coast Guard to enhance its oversight of the Maritime Transportation System (MTS) to address shortcomings in maritime cybersecurity. The report, titled “Coast Guard: Additional Efforts Needed to Address Cybersecurity Risks to the Maritime Transportation System,” identifies critical vulnerabilities, gaps in oversight, and deficiencies … Read more

Cyber Risk Pool Urgently Needed to Protect from Catastrophe

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Why a Cyber Risk Pool is Essential A newly released report from Lockton Re, “Cyber Risk Pools and Public-Private Partnerships: Time to Dive In?” highlights the urgent need for a cyber risk pool to mitigate the financial impact of large-scale cyberattacks. The report warns that existing insurance solutions are insufficient to handle systemic cyber threats, … Read more

92% of Industrial Sites Face Cybersecurity Risks from Remote Access, DeNexus Study Finds

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A new study by DeNexus has revealed that a startling 92% of industrial sites worldwide are at risk from unsecured remote access systems, exposing them to potential losses as high as $1.5 million per location. The research into Industrial cybersecurity risks looked at 254 industrial facilities. Covering North America, Europe, and Australia, underscoring the vulnerability … Read more

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