Cybersecurity

Blumira and Trava Security Partner to Help SMBs Manage Cybersecurity Risks

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Blumira and Trava Security have announced a strategic partnership aimed at helping small-to-midsize businesses (SMBs) manage cybersecurity challenges, such as limited budgets, insufficient cyber-skilled training among employees, and the steadily growing number of cyber-attacks. The rise in cybercrime has led many companies to invest in cybersecurity software. However, smaller businesses often struggle to access sophisticated … Read more

UK Utility Companies See 586% Surge in Cyberattacks Amid Rising Geopolitical Tensions – Chaucer

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UK utility companies faced a significant surge in cyberattacks in 2023, with 48 breaches recorded, marking a staggering 586% increase from the previous year, according to global specialty (re)insurance group Chaucer. The rise in incidents, partly attributed to state-backed hackers, has heightened concerns about potential infrastructure-targeted attacks amid escalating geopolitical tensions. Utilities providing power and … Read more

Killian Brady Named Resilience Chief Underwriting Officer

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Resilience announced the appointment of Killian Brady as Chief Underwriting Officer. Brady will oversee the underwriting functions for Resilience’s middle market and large enterprise clients across its Cyber and Tech E&O portfolios. He will continue to serve as Chief Operating Officer for Global Insurance Operations. CEO Vishaal ‘V8’ Hariprasad highlighted Brady’s strong performance in 2024 … Read more

Cyber Insurance Sunday – Upload

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Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week: We have some thoughts on the CrowdStrike Outage, SeedPod Cyber and Seceon Partner, Cash for Cowbell, A grand jury indictment related to healthcare hacks, and a disturbing read from The Washington Post about how some online scams are … Read more

The CrowdStrike Outage: A Wake-Up Call for Cybersecurity and Insurance

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Security Fix Backfires, Creating More Problems The CrowdStrike outage that began on July 19, 2024, serves as a critical reminder of the vulnerabilities in our digital infrastructure and the profound dependency on cybersecurity solutions. A routine sensor configuration update went awry, leading to a system crash affecting millions of devices globally, particularly those running on … Read more

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