SMBs Are Struggling to Get Cyber Insurance: Here’s How to Stay Protected June 27, 2022 By Asaf Lifshitz, Caitlin A. Smith and Pavel A. (Pasha) Sternberg For the first time ever, cyber insurance is facing a hard market. Since the product line’s inception about twenty years...
Wall Street Banks Quietly Test Cyber Defenses at Treasury’s Direction June 27, 2022 By Christopher Condon and Craig Torres With global tensions rising over Ukraine, the cutthroat competitiveness of the US financial sector is yielding to partnership over the...
Hackers Steal $100 Million by Exploiting Crypto’s Weak Link June 24, 2022 By Olga Kharif Hackers looted about $100 million from a so-called cryptocurrency bridge, again exposing a key vulnerability in the digital-asset ecosystem. Blockchain...
Cybersecurity Groups Push US to Boost Collaboration on Hacks June 8, 2022 By Katrina Manson Business leaders and cybersecurity experts are pushing the Biden administration to step up efforts to quell big hacks against US...
Accounts Deceivable: Email Scam Costliest Type of Cybercrime April 12, 2022 By Alan Suderman It’s a crime that siphons untold billions from the economy — but many people have never heard of it. Business...
Kemper Proposes $17.6M Settlement of Data Breach Claims October 18, 2021 Kemper Insurance has proposed to settle a class action stemming from two data breaches in a deal valued at about...
Marsh McLennan Launches Cyber Risk Analytics Center October 14, 2021 Marsh McLennan announced the launch of its Cyber Risk Analytics Center, a resource that brings together the cyber risk data,...
SEC Looking Into Use of Personal Digital Devices by Financial Professionals: Reuters October 13, 2021 By Chris Prentice and Jody Godoy The U.S. Securities and Exchange Commission (SEC) has opened a broad inquiry into how Wall Street banks are keeping track...
Singapore Plans to Review Cybersecurity Strategy and Laws October 6, 2021 By Jamie Tarabay and Yoolim Lee Singapore plans to review its strategy to further safeguard the country against cyber attacks, and may also revise its laws...
S&P Warns of Cyber Risk’s Impact on Insurers’ Credit Ratings July 19, 2021 Cyber risk is becoming increasingly relevant to insurer credit ratings, according to a report from S&P Global Ratings. Overall, S&P...