Ransomware

Lloyd’s Market Association Releases Framework for Systemic Cyber Risk Mitigation

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The Lloyd’s Market Association (LMA) has unveiled a critical framework for assessing systemic cyber risks, offering insurers and policymakers a robust tool to tackle the evolving digital threats confronting industries globally. As cyber threats become more sophisticated, this report highlights how interconnected systems and rapid technological advancements reshape risk landscapes and necessitate comprehensive risk management … Read more

Better Late Than Never & Better Insured Than Not: NY Town Announces Hack & Expected Recovery from Cyber Insurance for Government

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The town of Webster, NY has announced it lost more than $520,000 in a phishing attack in November, but says local police have recovered $300,000 of the stolen money and its cyber insurer is expected to cover another $240,000 under the town’s cyber insurance for government. The incident has been described as a phishing attack, … Read more

Cybersecurity Threats: Malicious AI – Cyber Insurance Reshaping Business Risk in 2024 – Chubb

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The business risk landscape is evolving rapidly, with cybersecurity threats and technological disruptions taking center stage. A recent report by Chubb highlights the growing importance of addressing risks like malicious AI manipulation, cyber breaches, and data leaks to ensure sustainable business growth. The findings, drawn from a survey of 517 risk decision-makers across the U.S. … Read more

BiBerk Highlights Elements of Cybersecurity Incident Response for Small Business

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In our podcast’s debut episode, we explored small business cybersecurity and insurance, highlighting the evolving nature of cybersecurity resilience. Criminals, cyber and otherwise, often see small businesses as easy targets due to challenges in maintaining strong defenses. Threats constantly adapt, and businesses must keep pace. We seek to pass on things we see that might … Read more

BOXX and Boomerang Join Forces to Strengthen Child Cyber Safety

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Last week, we detailed several aspects of child cyber safety. Among the issues, the troubling rise of child identity theft, particularly among affluent U.S. households exposed to cybercriminals who exploit their personal details. We reported on how social media habits, insufficient safeguards, and a lack of parental intervention created fertile ground for online predators. That … Read more

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