What’s Hot? Cowbell, Says Cyber Defense Magazine  

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The cyber insurance provider to SMBs won a Global InfoSec Award from Cyber Defense Magazine in the category of Hot Cyber Insurance. “‘Cowbell embodies three major features we judges look for to become winners: understanding tomorrow’s threats, today, providing a cost-effective solution and innovating in unexpected ways that can help mitigate cyber risk and get … Read more

Patient Sues Hospital Network to Make it Pay Ransom 

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“A cancer patient filed the lawsuit as an anonymous plaintiff, referred to as Jane Doe in the lawsuit, after [Lehigh Valley Health Network in Allentown, Pa.’s] chief compliance officer informed her by phone that photos of her naked during her treatment were online, the lawsuit said. Jane Doe said she wasn’t aware the photos were … Read more

Could a Fed Backstop for Cyber Insurance Harm the Industry? 

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SecurityWeek‘s interesting report covers the pros/cons of the cyber insurance backstop the Biden Admin seems to be advancing. The benefits to the industry of having the government cover fall-out from a systemic and/or war-related cyber event appear clear. But there are potential downsides. “The purpose of a backstop would be to make cyberinsurance more widely … Read more

BoA Versus Lloyd’s on Cyber War Exclusions: FT

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A Financial Times report (here) says major cyber insurance buyers are pushing back against Lloyd’s moves to exclude “state-backed” cyber attacks from coverage. Financial services companies are among those most concerned. It appears Lloyd’s is looking for ways to address the concerns. “Lloyd’s said it was not demanding ‘a blanket exclusion but a segregation of … Read more

What Type of Control is Most Effective in Preventing Successful Cyber Attacks? Marsh Has an Answer

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Marsh analyzed its claims data and responses to customer self assessments. The resulting report may surprise some folks… “Automated hardening techniques — by a wide margin — have the greatest ability of any control studied to decrease the likelihood of a successful cyberattack, making it a key control to prioritize in order to minimize losses. … Read more

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