The Source for Cyber Insurance News, Insights and Data
NOT IF BUT WHEN – Cyber risk moves markets and balance sheets. It hits fast and hard. Marks & Spencer forecasts about £300 million in lost operating profit after its April ransomware attack this year. Clorox is suing Cognizant for $380 million over a breach tied to 2023, with the claim filed this year. SK … Read more
GPS Spoofing and the Risk to Maritime Navigation – A new report from the Association of Average Adjusters examines the murky intersection of cyber exclusion clauses and modern maritime threats like GPS spoofing. GPS spoofing involves the transmission of fake navigation signals that mislead a ship’s systems about its real-time location. The result? A vessel … Read more
SonicWall expanded its cybersecurity platform with nine Generation 8 firewalls. The lineup targets MSPs, MSSPs, and mid-market customers. Every model supports cloud-based Unified Management and embedded Zero Trust Network Access. “Our new firewall lineup is just one part of a broader, unified platform strategy. With SonicWall Unified Management, embedded ZTNA, the SonicSentry managed services team, … Read more
The Critical Matter of OT Cybersecurity – The global financial impact from catastrophic cyber events targeting Operational Technology (OT) could hit $329.5 billion. This, according to a new report from industrial cybersecurity firm Dragos and Marsh McLennan’s Cyber Risk Intelligence Center. In the worst modeled scenario, business interruptions alone would account for more than $172 … Read more
Cyber insurance for small and medium-sized enterprises faces clarity and cost hurdles – Despite SME leaders recognising cyber risk, nearly half of uninsured firms self-insure. That choice invites financial ruin after major attacks. Surveying 104 SMEs about cyber insurance, the UK Government’s Department for Science, Innovation and Technology commissioned this study to map the gap. … Read more