A Matter of National Security: Compliance with Foreign Assets Control Regulations September 20, 2021 By Mark Robinson and Bradley Henry Many in the insurance space are blind to the fact that the Office of Foreign Assets Control (OFAC) is lurking...
CNA Paid $40 Million in Ransom After March Cyber Attack May 21, 2021 By Kartikay Mehrotra and William Turton CNA Financial Corp., among the largest insurance companies in the U.S., paid $40 million in late March to regain control...
What Cyber Insurers Should Know About the Federal Ransomware Advisories May 13, 2021 By Elizabeth Blosfield As the COVID-19 pandemic and the switch to remote work have highlighted cyber risks and drawn attention to the various...
U.S. Offered No Advice on Whether Colonial Pipeline Should Pay Pay Ransom May 10, 2021 By Nandita Bose and Steve Holland The White House declined to weigh in Monday on whether companies that are hacked like Colonial Pipeline should pay ransom...
Weighing Effects of Treasury’s Ransomware Pay Warnings on Cyber Victims and Insurers October 15, 2020 By Andrew G. Simpson Recent warnings from the U.S. Treasury about paying ransomware demands are unlikely to substantially change how cyber insurers cover or...
Octo Telematics Says It’s Freed from U.S. Sanctions After Execs Buy Russian Shares May 2, 2018 Italy’s Octo Telematics, a global provider of telematics for the auto insurance industry, confirmed the completion of the purchase of...