The Leading Source for Cybersecurity Insurance News, Insights and Data
“Officials can look at the probabilities of attacks succeeding and probabilities that these result in different depths of financial losses. Then officials can factor in how adopting different preventive measures…
Read More “Report Helps Gov Agencies Analyze ROI of Cyber Defenses/Insurance ” »
[NY State appeared to gain jurisdiction via Carnival’s former insurance business.] “New York’s Department of Financial Services said Carnival violated a state cyber security regulation by failing to use multi-factor…
“Some of the cybersecurity investment increase is also going toward standalone cyber insurance; 65% of public sector organizations carry specialized cyber coverage, as do 57% of financial services companies. No…
Read More “Cyber Insurance Market Penetration for Several Sectors: Moody’s Report” »
Note the language in the policy that appears to exclude losses from similar scams. It’s in the courts now. “Star Title’s employees purportedly failed to authenticate the perpetrator’s wire instructions….
Read More “Rhu-row — Cyber Insurance May Not Cover “Phishing” Fund Diversion Scams ” »
“QR phishing attacks are on the rise because they require so little effort to be successful. For one, the codes are physical displays, meaning a harmless one can easily be…
Read More “Watch Out For QR Codes as Hackers Increasingly Exploit Them ” »
One example: “The cyber security insurance application asked whether I had deployed an endpoint detection and response (EDR) tool.” Source: What your cyber insurance application form can tell you about ransomware…
Read More “What Does It Take To Get Your Cyber Insurance Renewed? Plenty. ” »
The average commercial ship is using 3X more data than before COVID, Inmarsat estimates. “The result is a growing ship network ‘surface area’ for attacks that offers a route to…
“’Some insurance carriers have actually pulled out of the whole business of cyber insurance for municipalities. They find the risk is just too much for them…(a) policy that would provide…
But seriously, anything that helps insured/insurers/tech providers get a better grasp of this complex market is probably worth it… “‘Choosing cyber insurance coverage comes with a lot of questions about…
“If Russia carries out a large cyber attack which spills over into several countries, it could lead to claims totalling (sic) $20 billion or more, similar to insurance claims from…