The Source for Cyber Insurance News, Insights and Data
The latest UK Government research on national cyber risk opens with a stark warning that sets the tone for the entire report. Officials outline the scale of the threat and link it directly to rising pressure on businesses, regulators, and insurers across the country. “Cyber attacks represent one of the most pressing threats to the … Read more
No Safe Harbor As Cyber Attacks Hit Global Networks A new wave of cyberattacks is reshaping the digital threat landscape. DigiCert’s inaugural RADAR Threat Intelligence Brief describes the phenomenon as an “Internet Tsunami.” Tsunami is derived from the Japanese words for “harbor” (tsu) and “wave” (nami). The report warns there is no safe harbor from … Read more
We’ve reported on large companies that were hacked recently but either had no cyber insurance, or were underinsured. Could the Qantas Group (Qantas Airlines) be another one? The company’s board has (modestly) cut executive pay over its June hack, which revealed information on 5.7 million customers, according to the Qantas annual report released last month. … Read more
A recent CyberArk study found that 30% of employees share workplace passwords, creating an MFA security gap. The study surveyed 14,003 employees across six countries and revealed that 49% reuse passwords across multiple work applications, creating additional vulnerabilities. Findings like these are not new, and they highlight the ongoing risks businesses face. Risks that are … Read more
The Cybersecurity and Infrastructure Security Agency (CISA) published a draft update to the National Cyber Incident Response Plan (NCIRP) and is seeking public input. This update, the first since the plan’s original release in 2016, reflects changes in federal policies and cyber operations. The NCIRP provides a framework for coordinating responses to significant cyber incidents … Read more