cybersecurity News
Cyber Underwriting Changes: Is It Too Little, Too Late?
With primary rate changes approaching 50 percent and underwriting questions about network controls becoming more and more detailed, cyber insurers and reinsurers are reacting to an onslaught of ...
Ransomware Is Biggest Online Threat Facing UK: Official
Professional criminals holding businesses to ransom — often with the support of nation-states — is the key online threat facing the UK, the country's cyber security chief will say Monday. Lindy ...
Forgotten Your Passwords? They Soon May Be Lost Altogether – With Insurers’ Help
The most popular password in 2020 was exposed almost 24 million times and took less than a second to crack. While a shocking statistic, when you learn that the most popular password of 2020 was ...
Irish Patient Data Was Apparently Posted on Dark Web After Cyber Attack
Reports of Irish patient data posted online after a cyber attack on Ireland's health service appear to be accurate, a government minister said, as the fallout from the hack continues. A Financial ...
AXA’s Asia Units, New Zealand Health Provider Struck by Ransomware Attacks
The Thai affiliate of Paris-based insurance company AXA said Tuesday it is investigating a ransomware attack by Russian-speaking cybercriminals that has affected operations in Thailand, Malaysia, ...
Short Seller Muddy Waters Accuses Lemonade of Neglecting Website Security Vulnerability
Lemonade co-founder Shai Wininger is denying accusations from an activist short seller that the insurer's website has a serious security vulnerability. Muddy Waters Capital claims in a May 13 open ...
Why Rapid Cyber Rate Hikes Will Continue for Some Time
While global commercial insurance rate hikes are starting to moderate, cyber seems likely to be an outlier for some time to come. "Right now, we are not at a stage where we can see the end of the ...
Swiss Cybersecurity Firm Acronis Nails Down $250M Financing Round
Swiss cyber security firm Acronis said on Tuesday it has received more than $250 million in a financing round led by CVC Capital valuing it at more than $2.5 billion. Founded in Singapore in 2003, ...