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Cyber insurers reject claims for damage caused by cyberwarfare. But what is “cyberwar”, really? As Russia-Ukraine conflict heats up, CIOs need an answer. Source: Cyber Insurance’s Battle With Cyberwarfare: An…
“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…
“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…
Read More “Useful & Detailed Primer on Russian State-Sponsored Cyber Threats (from @CISAgov)” »
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…
Read More “Did This Illinois Town Learn Its Lesson After Cyber Scam That Cost Over $400,000? ” »
“The affordability of cyber insurance was flagged as a concern by US-based News Corp when it reported a cyber attack earlier this month. The group said: ‘The company cannot be…
“Specifically, the proposal would: ● Require advisers and funds to adopt and implement written policies and procedures that are reasonably designed to address cybersecurity risks; ● Require advisers to report…
Company rebounded in 2021 after 2020 loss due in part to claims for COVID-related event cancellations. “Beazley…had a combined ratio – a key measure of an insurer’s profitability – of…
Read More “Cyber Insurance Helps Beazley Get Back to Profitability? ” »
“FI CyberCrime Plus, which is focused on banks with balance sheet assets of $10 billion to $100 billion, anticipates limits of $25 million to $35 million, according to the broker.”…
Read More “New Aon Product for Banks Combines Cyber, Crime & Professional Liability ” »
“(A) ransomware/breach prevention or recovery warranty can at least help companies ‘reduce their premiums,’ or even become eligible for coverage…” Source: Ransomware warranties offer user community another form of cyber…
Read More “Ransomware “Warranty” Offered by Rubrik; Will It Help With Cyber Insurance? ” »
“(T)he new year will continue to reveal the consequences of the 2021 acceleration of business digitization, with an explosion of incidents related to the software supply chain. This will drive…
Read More “2022 Prediction: More Cyber Pain from the “Software Supply Chain” ” »