WannaCry News
Business Interruption Worries Driving Cyber Insurance Acquisition Surge: Marsh
There's been a surge in the purchase of cyber insurance over the last few years as clients increasingly acquire it to confront business interruption risk, Marsh asserts in a new report. "As risk ...
Chipmaker for iPhones Briefly Shut Several Plants After WannaCry Variant Attack
Taiwan Semiconductor Manufacturing Co. blamed a variant of the 2017 WannaCry ransomware for the unprecedented shutdown of several plants, as it ramps up chipmaking for Apple Inc.'s next iPhones. Full ...
Basic IT Security Best Practice Could Have Minimized the WannaCry Ransomware Attack: UK Govt.
The U.K. government holds North Korea responsible for the global WannaCry ransomware attack that crippled parts of the state-run National Health Service as a damning report highlighted its weak ...
An Underwriter’s Guide to Assessing Risk for IT Patching
EternalBlue, a computer worm believed to be developed by the NSA to take advantage of a vulnerability within Microsoft Windows, was made public approximately five months ago. While patches for this ...
AIG Execs: Cyber Insurance Demand Will Soar in China, Asia Following WannaCry Attack
Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on enquiries received after the "WannaCry ransomware" attack earlier this year, executives at ...
Silent Attacks and Cyber War: What Cyber Insurance Experts Worry About
During the RMS Cyber Risk Seminar, RMS SVP Peter Ulrich asked cyber insurance market participants what keeps them up at night. Here's what they said. Lori Bailey, global head of special lines for ...
Cyber Insurance Pricing Not Keeping Pace as Exposures Rise
Increasing competition in the cyber insurance market is keeping prices for coverage below where they probably should be, experts said at an industry conference that took place just days after the ...
WannaCry, Petya Cyber Attacks Cost Europe’s Companies Hundreds of Millions of Dolllars
Global hackers have unleashed a brace of attacks in recent months, but while their haul in bitcoin has been paltry, the revenue hit to companies infected is reaching into the hundreds of millions of ...