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What to Know About an Unlikely Vector for Cyber Threats: Household Pets
Pets can make a great addition to the family, bringing positivity and warmth to a household, but the digital devices associated with them could be a different story. While every fifth pet owner uses ...
Fraudulent Funds Transfer, Ransomware Are Main Drivers of Cyber Loss: Corvus
According to new data from Corvus Insurance, fraudulent funds transfer (FFT) continues to generate substantial losses for organizations. FFT comprised 36 percent of the company's cyber claims — an ...
Training the Next Generation of Cyber Ninjas With Continuing Education
As cyber attack methods are constantly evolving, guests on this episode of The Insuring Cyber Podcast offered their best advice for how to evolve with them. "This idea of being cyber resilient really ...
Could Blockchain Make Data Integration a Reality for Insurers?
When most of us hear the word "blockchain," we think about cryptocurrencies like bitcoin. But could blockchain technology be used to enhance insurance processes? Tram Vo, CEO and founder of Mobility ...
U.S. Banks Spent $1B on Ransomware Payments in 2021: Treasury
U.S. financial institutions spent nearly $1.2 billion on likely ransomware-related payments last year, most commonly in response to breaches originating with Russian criminal groups, according to the ...
What Cyber Underwriters Miss: Small Businesses Aren’t Using MFA Correctly, Advisen Panel Says
As cyber threat actors continue to innovate and find new ways to increase their odds of success, panelists at the 2022 Advisen Cyber Risk Insights Conference urged underwriters to raise the stakes ...
How to Avoid Being a ‘Sitting Duck’ During a Disaster-Related Ransomware Attack
Atlantic Hurricane Season, which runs from June 1 through Nov. 30, had a slow start this year but has begun ramping up as Hurricane Fiona made its way across the Atlantic last week and brought with ...
Cyber Defense Agency Urges Companies to Automate Threat Testing
The U.S. government's cyber defense agency is recommending for the first time that companies embrace automated continuous testing to protect against longstanding online threats. The guidance, from a ...