cybersecurity News
Ride-Hailing Co. Didi Faces $1B Fine Over Cybersecurity Breaches
Chinese authorities are preparing to impose a fine of more than $1 billion on ride-hailing firm Didi Global, people familiar with the matter said on Tuesday, a move that could bring an end to a probe ...
Despite Growing Pressures, Most Cyber Insurers Won’t Exit: Survey
The cyber insurance sector has been tested recently with growing ransomware attacks, rising premiums, and more sophisticated threat actors, but that isn't necessarily scaring insurers away, according ...
‘BazarCall’ Phishing Email Diverts Victims to Call Center: CFC
CFC, a specialist provider in the cyber insurance market, delivered a warning about an emerging method of ransomware attack targeting small businesses. According to CFC's in-house cyber threat ...
Beazley: Data Exfiltration Remains Prevalent as Attack Methods Evolve
Data exfiltration, or the theft or unauthorized transfer of data from any device, is a common form of cyber crime, and specialist insurer Beazley found in a recent report that the criminals are ...
Cyber Pirates Prowling Ship Controls Threaten Another Big Shock
In February 2019, a large container ship sailing for New York identified a cyber intrusion on board that startled the U.S. Coast Guard. Though the malware attack never controlled the vessel's ...
Keeping Up With Demand for Cybersecurity Professionals
The pressure was on. Someone, somewhere, was attacking computer systems so customers couldn't reach certain websites. In a windowless room in Denver, Zack Privette had worked all morning with his ...
From Pandemic to Cyber War, Clear Policy Wording Is Key for Insurers
Insurers and insureds alike agree that clear policy wording will be the path forward in dealing with concerns about cyber war in the wake of the Russia-Ukraine conflict. This isn't the first time in ...
CEO Viewpoint: Unlocking Cyber ILS
With cyber risk capital currently constrained, the insurance sector will ultimately need to look to the alternative capital markets if it is going to address the significant peak risks in this class ...