Cyber Insurance

Top News about Cyber Insurance

Shareholder Lawsuit on Way for Sinclair Broadcast Group After Ransomware Attack? Significant Losses Expected from Hack Even After Cyber Insurance Reimbursements

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Law firm Pomerantz LLP says it’s “investigating claims on behalf of investors of Sinclair Broadcast Group, Inc…The investigation concerns whether Sinclair and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.” Sinclair asserts it “paid no ransom, and was able to restore its network from backups, but there was … Read more

Verisk Partners with Infosec to Offer  Insurance Carriers Cyber Training for their Clients 

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“The ISO Cyber Insurance Program is part of Verisk’s Cyber Solutions Suite, an end-to-end ecosystem that can help insurers and reinsurers more quickly deliver new cyber programs or enhance existing solutions. Powered by data on more than 100 million organizations worldwide, the suite provides a wide range of products and services, including a pricing, underwriting, … Read more

Useful & Detailed Primer on Russian State-Sponsored Cyber Threats (from @CISAgov)

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“This CSA (Cybersecurity Advisory, from last month) provides an overview of Russian state-sponsored cyber operations; commonly observed tactics, techniques, and procedures (TTPs); detection actions; incident response guidance; and mitigations. This overview is intended to help the cybersecurity community reduce the risk presented by these threats… Russian state-sponsored APT actors have used sophisticated cyber capabilities to … Read more

Did This Illinois Town Learn Its Lesson After Cyber Scam That Cost Over $400,000? 

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The lesson Moline had already heeded was to have cyber insurance. Tokio Marine paid out $404,764 for losses the city suffered in a phishing scheme that directed wire transfers to a scammer. The second lesson was prompted by the attack and its aftermath. “Moline has since reviewed all of its internal control policies with the … Read more

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