The Source for Cyber Insurance News, Insights and Data
The famous line goes, ‘To err is human; to forgive, divine.’ However, a more fitting line from Alexander Pope’s poem might be, ‘All seems infected that th’ infected spy.’ In the world of cybersecurity, the infection is phishing, and no one is immune. Last week, we reported on an Arctic Wolf report revealing a striking … Read more
“Trust is like the air we breathe. When it’s present, nobody really notices; when it’s absent, everybody notices.” Warren Buffett’s words ring especially true in today’s digital economy, where trust is the foundation of all enduring business relationships, large and small. In the rapidly growing world of digital payments, trust is both the lifeblood of … Read more
Just a few items from the week. It’s a wide bucket for Sundays, cyber insurance, cybersecurity, and more. Some we reported on, and others we found interesting. Quite a few items today; enjoy them and enjoy the day!
In a landmark move, the U.S. Department of Health and Human Services’ Office for Civil Rights (OCR) announced a settlement with Lafourche Medical Group, a Louisiana-based healthcare provider. This marks the first-ever settlement by OCR regarding a phishing attack under the Health Insurance Portability and Accountability Act (HIPAA). The settlement stems from a 2021 incident … Read more
Note the language in the policy that appears to exclude losses from similar scams. It’s in the courts now. “Star Title’s employees purportedly failed to authenticate the perpetrator’s wire instructions. Upon learning that the fraudster had diverted the funds, Star Title tendered a wire fraud claim to its cyber insurance carrier, which denied coverage.” Source: … Read more