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Ransomware, a form of malicious software, kidnaps an organization’s data, encrypts it, and demands a ransom for its release. This modern-day digital extortion has historical roots in the practice of…
Read More “Ransomware Ravages Organizations, Leaving Lasting Damage” »
A new cybersecurity report reveals a stark reality for middle market firms: while cyber insurance coverage is at an all-time high, the persistent threat of ransomware and data breaches demands…
Three major UK insurance associations have teamed up with GCHQ’s National Cyber Security Centre (NCSC) to reduce ransom payments from cyber crime victims. This collaboration aims to undermine the profitability…
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From cyber insurance to fascinating finds, this issue of Cyber Insurance Sunday’s newsletter has a bit of everything. Well, not everything, no recipes. Happy reading!
After a brief respite in 2023, the cyber liability insurance market is bracing for turbulence in 2024. Woodruff Sawyer’s “Cyber Looking Ahead Guide” paints a sobering picture of rising cyber…
Read More “Cyber Insurance Skies Clouding Over – Underwriters Predict Turbulent 2024” »
In 2023, the United States faced a relentless onslaught of financially driven ransomware attacks. These assaults impacted 2,207 hospitals, schools, governments, and private sector companies, as detailed by Emsisoft in…
Read More “Ransomware Crisis Worsens in 2023: Calls for Urgent Action to Ban Payments – Report” »
Ransomware stalks the factory floor. Claroty, a cyber-physical systems protection company, has released a new study revealing a concerning surge in ransomware attacks within the industrial sector. The research, “The…
Read More “Industrial Sector Hit Hard by Ransomware Rampage” »