cyber insurance News
Onslaught of Ransomware Hacks Force Carriers to Reassess Cyber Business
The hacks came one right after another, sowing chaos at hospitals, idling America's biggest gasoline pipeline, crippling a huge meat supplier and devastating hundreds of companies over the July 4 ...
U.S. Mandates ‘Urgently Needed’ Cybersecurity Protections for Critical Pipeline Owners
The Department of Homeland Security on Tuesday required owners and operators of critical pipelines that transport hazardous liquids and natural gas to implement "urgently needed protections against ...
Coalition Joins Canada’s Excess Cyber Insurance Market
Coalition plans to enter the excess cyber insurance market in Canada with enhanced coverage to help protect businesses. With the coverage, the San Francisco-based cyber insurance and security company ...
Your Pet’s Name as a Password: Old Cybersecurity Risks Perpetuate Post-COVID
Here's a statistic that underscores the tough job cyber insurers have in convincing clients to reduce risks: 57 percent of individuals said they use personal information to inspire a password. That's ...
Major Insurer Group Defends Ransomware Reimbursements in New Cyber Principles
The nation's largest property/casualty insurance organization is defending ransom payment reimbursements by insurers in a new set of principles stressing that the insurance industry wants to partner ...
Ransomware Attack on U.S. IT Firm Slammed Up to 1,500 Businesses
Between 800 and 1,500 businesses around the world have been affected by a ransomware attack centered on U.S. information technology firm Kaseya, its chief executive said on Monday. Fred Voccola, the ...
Experts Warn Companies Struck by REvil Ransomware Attack Could Take Weeks to Recover
Computer systems of several companies across the world, including 800 physical grocery stores of Sweden's Coop, that were shut down after attacked by REvil ransomware could take weeks to recover, ...
Cyber Risk Ranks High Among Businesses, but Many Still Feel Resilient: Beazley
After a legion of well publicized cyber attacks, it's no surprise that a large minority of businesses now see technology as a top risk for their company. At the same time, they also see themselves as ...