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Microsoft’s latest Digital Defense Report highlights an alarming rise in the complexity and scale of cyber threats, urging a collective defense strategy to counter both state-sponsored and criminal attacks. The Digital Defense Report 2024 provides an in-depth overview of the latest changes in the global cybersecurity landscape. The report outlines significant shifts in the nature … Read more
Lloyd’s Syndicate 1176 and Chaucer have partnered to introduce a specialized cyber insurance policy to protect nuclear power plant (NPP) operators from malicious cyber attacks. As cyber threats against the energy sector continue to rise in both number and sophistication, this collaboration aims to address the unique vulnerabilities of nuclear facilities and their critical role … Read more
Check out our detailed report on the cyber insurance lawsuit Fortune 500 company Sinclair Inc. has filed against CCC/CNA and Starr Indemnity, claiming the cyber insurers each owe the broadcaster $10 million for losses from a 2021 ransomware attack. Both insurers deny the allegations, now before a Maryland federal court. But Sinclair’s claims in the … Read more
The local news is not good for broadcaster Sinclair Inc. (Nasdaq: SBGI), a Fortune 500 company known for the 185 television stations it owns or operates across the US. The company is suing two of its cyber insurance providers, claiming the Continental Casualty Company (or “CCC,” the principal subsidiary of CNA) and Starr Indemnity & … Read more
Cybersecurity negligence and resulting vulnerability have become increasingly critical as the number of known vulnerabilities surges. In a recent report, S&P Global Ratings warns that organizations slow to remediate highly targeted cyber vulnerabilities may face significant governance issues. Such delays increase the risk of system compromises and could negatively influence S&P’s assessment of an entity’s … Read more