Cyber Insurance Sunday – Upload
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!
Ransomware
Cyber Insurance Skies Clouding Over – Underwriters Predict Turbulent 2024
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 risks, potential policy gaps, and ransomware maintaining its reign of terror. Buckle up, businesses; it’s going to be a bumpy ride. War Clouds Gather: One … Read more
Ransomware Crisis Worsens in 2023: Calls for Urgent Action to Ban Payments – Report
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 their report “State of Ransomware.” The ransomware epidemic, as dire as ever, not only disrupted critical services. It also claimed lives, with an estimated 42 to … Read more
Industrial Sector Hit Hard by Ransomware Rampage
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 Global State of Industrial Cybersecurity 2023: New Technologies, Persistent Threats, and Maturing Defenses,” is based on a global survey of 1,100 information technology (IT) and … Read more