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Our prediction is plenty of wrangling on the definition of “materiality.” “The new requirement applies to any cybersecurity incidents that are expected to materially impact a bank’s ability to provide…
Read More “Feds Give Banks 36-hour Deadline for Reporting “Material” Cyber Incidents ” »
Universities may have weaker security controls than companies of the same size but offer troves of student and research info…”Katherine Mayer, associate vice president for information security at the University…
Microsoft teaming with At-Bay. Google Cloud previously announced similar collaboration with Allianz and Munich Re. Source: Microsoft’s Ann Johnson Talks MFA, Cyber Insurance, and Crystal Balls – SDxCentral
“Paraskeva has experience in both cyber insurance and the wider cybersecurity industry, having held senior positions in the insurance market since 2014. Paraskeva previously worked for BAEW Systems’ cybersecurity practice.”…
Read More “London’s Emergin Risk Hires George Paraskeva As Cyber Practice Leader ” »
While the average ransomware payment ($290k) has increased in Q3 2021 compared with the same quarter last year, a smaller percentage of ransomware demands are being met. The insuretech provider…
Analysts with Fox-IT (of the of NCC Group) created a database of more than 700 ransomware negotiations between 2019 and 2020. Tip 1: Don’t lose your cool with the hackers….
Prediction comes from Forrester Senior Analyst Jeffery Williams: “Bottom line, insurers have been collecting small premiums while facing near-infinite risks. At least one top 10 cyber carrier will cease writing…
“Consumers can expect some significantly different offerings in the coming years. ‘Now you see cyber insurance as an add on to other types of policies — an addendum to a…
Read More “The Future of Cyber Insurance: Stand-Alone Coverage + M&A” »
“Jen Easterly, director of the Cybersecurity and Infrastructure Security Agency, known as CISA, told the House Homeland Security Committee Wednesday that ‘ransomware has become a scourge on nearly every facet…
Read More “Ransomware Threatens the “American Way of Life:” Biden Admin Official ” »
“James Burns, head of cyber underwriting at CFC, says that ransomware has ‘solely transformed’ the cyber market owing to the “astronomical increases” in the extortion amounts demanded in attacks over…