Cyber ‘Catastrophe Bonds’ Move Step Closer to Hitting Public Debt Markets
Cyber catastrophe bonds may be about to move out of the shadows of private deal-making and into the public debt markets.
So-called cat ...
cyber attack News
Before and After: Managing Through the Cycle of a Cyber Attack
In such a fast-changing cyber risk landscape, experts say preparation is key, and one element that can help with that is cyber insurance. "Cyber insurance is such a critical tool when you think about ...
Ransomware, Extortion Claims See ‘Worrying Resurgence,’ Says Allianz
Following two years of high but stable loss activity, 2023 has seen a "worrying resurgence" in ransomware and extortion claims as the cyber threat landscape continues to ...
Small and Midsize Businesses Unprepared for Cyber Attack
Just 7 percent of small and midsize business owners say they will experience a cyber incident within the next 12 months, highlighting a lack of preparedness for cyber-related attacks, according to ...
MGM Resorts Data Breach Costs Estimated at $100M
The data breach last month that MGM Resorts is calling a cyber attack is expected to cost the casino giant more than $100 million, the Las Vegas-based company said. The incident, which was detected ...
Separate Casino Cyber Attacks Highlight Continued Market Risk
Two cyber attacks against two separate casinos in Las Vegas last week highlight the continued cyber insurance market risk resulting from tenacious ransomware groups, according to Guy Carpenter's ...
Average Cost of a Data Breach Has Reached an All-Time High: IBM Report
According to IBM's Cost of a Data Breach report, 2023 set an all-time high record with the global average data breach cost reaching $4.45 million, a 2.3 percent increase ...
Hospitals, Clinics in Several States Begin Recovery After Cyber Attacks
Hospitals and clinics in several states on Friday began the time-consuming process of recovering from a cyber attack that disrupted their computer systems, forcing some ...
Report: Stolen Identities Top Cyber Security Threat
Stolen identities lead to massive breaches, costing businesses an average of $9.4 million per breach in 2022, a new report by ForgeRock found. Its identity breach report found that 1.5 billion ...
NJ Court Affirms Merck Ruling: War Exclusion Does Not Apply to Cyber Attack
The appellate division of New Jersey Superior Court has upheld a state trial court opinion that the war exclusion in drugmaker Merck & Co.'s all-risk property ...