cyber insurance News
U.S. Treasury Warns Carriers Not to Pay Ransomware Demands
The U.S. Treasury Department is warning that individuals or businesses that help facilitate ransomware payments may be violating anti-money laundering and sanctions regulations. The warnings came in ...
Fewer Businesses Reduce Cyber Risks Even as More Worry About Them
The dynamic between businesses and the cyber risks they should be preventing or mitigating is becoming increasingly complex. A survey from The Travelers Companies Inc. found that cyber threats are ...
Ransomware Attack Strikes Insurance Broker Gallagher
Insurance broker Arthur J. Gallagher & Co. and its claims unit, Gallagher Bassett, reported that a ransomware incident that happened on Saturday, Sept. 26 limited some of its internal systems. In ...
Ransomware Attacks Soar and Grow More Malicious: Coalition
Ransomware attacks grew by nearly 50 percent in the 2020 second quarter compared to the first three months of the year, underscoring the risks created by pandemic-related work-from-home requirements, ...
Cowbell Cyber Expands Into Texas and More
Cowbell Cyber, which uses artificial intelligence to sell cyber cover for small to mid-sized businesses, has expanded into Texas, Ohio, Indiana and Michigan. The company said its Cowbell Prime ...
InsurTech Startup Evident Gains Further Traction During Coronavirus Pandemic
Evident (also known as Evident ID), is a four-year-old InsurTech startup generating some added momentum since the COVID-19 pandemic struck in March, making nearly every meeting, business transaction ...
Tesla Factory Struck by ‘Serious’ Cyber Attack
Elon Musk said on Thursday that Tesla Inc's factory in Nevada was a target of a "serious" cybersecurity attack, confirming a media report that claimed an employee of the company helped the Federal ...
Three Years After NotPetya, Cyber Lessons Continue for the Insurance Industry
This summer marks three years since the NotPetya malware attack, which has been called the most devastating cyber attack in history. While cyber experts say cybersecurity and prevention strategies ...