The Source for Cyber Insurance News, Insights and Data
Fewer healthcare organizations hit by ransomware are paying, a Ponemon Institute survey for Proofpoint finds. The costliest healthcare cyberattacks still averaged $4.2 million, mostly in downtime. The patient harm the study highlights may sit outside cyber cover. Healthcare organizations hit by ransomware are paying less often. In 2022, 51% said they paid. This year, 31% … Read more
Most organizations running cyber-physical systems experienced a cyberattack on operations in the past year, Claroty’s survey found. Nearly all of them lost money. Fewer than one in four listed an insurance claim among the results. Operational technology (OT) cyberattacks cost organizations about $1 million on average. Fewer than one in four led to an insurance … Read more
CFC has updated Cyber Proactive Response, its cyber policy for small and mid-sized businesses. Senior executives gain personal protection. The affirmative AI wording gets an update. The business interruption period stretches to 18 months. A cyber extortion threat does not have to stop at the company network. It can follow an executive home. CFC’s latest … Read more
Marsh surveyed 350 senior UK retail executives. Among those who went through a major cyber disruption last year, 64% say they are overinvesting in cyber resilience. Marsh says the measure that matters is speed of recovery. Last year, cyberattacks caused mass disruption at major UK retailers, including Marks & Spencer. The sector responded by spending. … Read more
Eighty-eight percent of industrial security leaders describe their OT security program as planned or design-led. Twenty-one percent report a complete asset inventory. A program cannot protect equipment nobody has counted. Honeywell Technologies has now put a number on what that gap costs in hours. Its inaugural OT Cybersecurity Benchmark Report surveyed 603 respondents across critical … Read more