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Useful Report from CyberCube Goes Beyond Fluff on Cyber Insurance Threats Emerging from Ukraine/Russia War 

Posted on March 7, 2022March 7, 2022 By Mark Sauter

The new report goes beyond the growing media and PR generalities on this topic. It includes specifics on types of potential attacks and other actionable data.

It also provides context useful for the “Act of War” discussions now occurring between cyber insurers and their clients.

From the report:

…the prolific ransomware gang Conti has sided with Russia. A variety of
other known and new cyber threat actors
are also becoming involved. As of March
1, 2022, there were at least 33 different
cyber threat actor groups actively assisting
Ukraine (22) or in favor of Russia (9)…

Additionally, both sides of the conflict are
currently recruiting globally distributed
volunteer cyber offense armies which
further complicates attribution. There
are also unconfirmed reports that the US
Government is exploring all cyber offense
options to disrupt Russia’s ongoing efforts,
though most of these options would “fall
short of an act of war”. (sic)

Source: CyberCube Urges Insurers and Reinsurers to Stress Test Threat of Russian Cyber Attacks | Business Wire

Cyber Insurance Best Practices, Cyber Insurance Reports, Cyber Insurance Tech Tags:CyberCube

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Previous Post: Ukraine Companies Offered Free Cyber Services by Coalition, Which Now Enters the Fray Publicly
Next Post: Cyber Insurers Unlikely to Face Major Losses from Russia/Ukraine War: DBRS Morningstar

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In this clip from our latest podcast episode, Dan Candee, CEO of Cork Protection, dives into a critical topic that hits close to home: Cybersecurity for Main Street businesses.

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Cybersecurity for Main Street: Dan Candee on Protecting Small Businesses | CEO of Cork Protection
SMB Cyber Threats - In this episode of the Cyber Insurance News Podcast, host Martin Hinton talks with Dan Candee, CEO of Cork Protection, about the rising tide of cyber threats targeting small and mid-sized businesses (SMBs). Dan shares his journey from Main Street entrepreneur to cybersecurity leader, offering real-world insight into the threat landscape, financial vulnerabilities, and how AI and managed service providers (MSPs) can help fortify business resilience.

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00:00 Introduction - Dan Candee and Cork Protection
02:27 The Importance of Cybersecurity for Small Businesses
05:29 Understanding Cyber Threats and Their Impact
08:26 The Role of Managed Service Providers in Cybersecurity
11:24 24Financial Protection and Cyber Insurance Solutions
14:01 Leveraging AI in Cybersecurity
16:53 Navigating Cyber Insurance Policies
19:56 Empowering Small Businesses with Knowledge
21:52 The Future of Cybersecurity and Community Resilience
26:05 MSP/ MSSP The Lingo decoded
29:05 Finals Thoughts and a bit of Hope!
SMBs Are Cyber Targets | Dan Candee on Cyber Resilience & AI | Cyber Insurance News Podcast EP#6
Cyberattack on Small Business is on the rise—and AI is making it worse. In this episode of the Cyber Insurance News Podcast, host Martin Hinton sits down with William Altman of CyberCube to unpack how AI is enabling threat actors to more efficiently target and exploit small businesses.

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Cyberattack on Small Business: How AI Supercharges Cyber Threats | William Altman @CyberCube"
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