Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week. Some from us, some from others: Chubb on trust in digital payments; Resilience, Cowbell, and Coalition with people news; NSA official asks about the wisdom of paying ransomware; European Union NIS2 compliance looms; A piece on China-linked hackers and the U.S wiretap system; and a library in Seattle is paying up after ransomware attack. There’s more. Take a look. Share it. Enjoy the reads. Enjoy the day!
- Of issue here is the idea that in business, trust is the foundation of every profitable relationship; without it, no partnership, deal, or team can succeed. Trust in Digital Payments: Cyber Scams Erode Consumer Confidence – Chubb Report
- Plenty of cyber insurance people news; Resilience Expands Cyber Insurance Coverage to France and Benelux, Appoints Marijke van Berkom as Regional Head and Cowbell Expands Leadership Team with New Finance and Legal Heads to Drive Global Growth and Coalition Strengthens European Operations with Appointment of Tine Simonsen as Head of Insurance
- A cyber insurance underwriting partnership; Onda Teams Up with Panorays to Streamline Cyber Insurance Underwriting
- Concierge Cyber Enhances Membership Benefits with $100,000 Admitted Cyber Insurance for SMEs and Cybersecurity for Business Travelers: BOXX Insurance and World Travel Protection Launch New Tool.
- Europe on the mind here with the NIS2 compliance deadline looming; Majority of EU Companies Unprepared for Looming NIS2 Cybersecurity Deadline, Veeam Survey Reveals
- An opinion piece that asks – If companies pay the ransom, aren’t they just inviting more attacks—putting a target on their backs and signaling to data kidnappers everywhere that it’s worth coming back for more? Ransomware Response Must Evolve: Deputy National Security Adviser Calls for Ban on Ransomware Payments.
- Best’s Review magazine has published a new online supplement examining cyber insurance’s challenges, predictions, and current landscape. Best’s Review Digital Supplement on Cyber Insurance.
- China-linked hackers targeted U.S. wiretap systems, breaching broadband providers including AT&T and Verizon; U.S. Wiretap Systems Targeted in China-Linked Hack.
- Cloudflare reports preventing the largest-ever DDoS attack; Cloudflare Thwarts Largest-Ever 3.8 Tbps DDoS Attack Targeting Global Sectors.
This attack from May of note, $800,000 of the cost is consultant fees; Seattle Public Library ransomware attack to cost $1M, officials say.