Cyber Insurance Sunday – Upload
Here it is—Your Cyber Insurance Sunday—Upload. The latest cybersecurity insurance news. A few items from the week: Marsh and others look at Ransomware; Partnerships abound Backblaze and Coalition as well…
Marsh Report Reveals Ransomware’s Persistent Threat in 2023 Cyber Insurance Claims
The persistent threat of ransomware continues to pose significant dangers to organizations worldwide. Recent news from around the world highlights the idea that combating this menace should involve banning ransomware…
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1/3 of Ransomware Victims Did Not Recover Data Even After Paying Up
In the world of cybercrime, few experiences are as frustrating as paying a ransom to recover stolen data only to remain empty-handed. This stark reality is highlighted in the issue…
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Ransomware Ravages Organizations, Leaving Lasting Damage
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…
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Cybersecurity Report Highlights Middle Market Firms’ Growing Cyber Insurance and Persistent Ransomware Threats
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…
UK Cyber Insurance Industry Unites to Combat Ransom Payments
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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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!
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…
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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…
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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…
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