Regulator Warns Banks That Ransomware Attacks Are Rising December 7, 2021 By Pete Schroeder A top U.S. banking regulator is cautioning firms to ensure they have robust policies to protect themselves from cyberattacks, saying...
MGA CFC Underwriting Launches Tool That Calculates Ransomware Costs November 30, 2021 CFC Underwriting, the specialist managing general agent, has released a new tool designed to help customers understand the potential cost...
Insurers Cut Their Appetite for Cyber Cover as Ransomware Losses Mount November 19, 2021 By Carolyn Cohn LONDON – Insurers have halved the amount of cyber cover they provide to customers after the pandemic and home-working drove...
Biz Interruption, Recovery Costs Drive Financial Losses From Cyber Attacks: Report October 14, 2021 By L.S. Howard During the COVID-19 crisis, global cyber attacks skyrocketed in a digital pandemic driven by ransomware, according to a report published...
What Corporations Can Do to Avoid Ransomware Attacks October 14, 2021 Allianz Global Corporate & Specialty (AGCS) has published a checklist of cyber risk management recommendations to help prevent ransomware attacks....
Aon Launches ‘Ransomware Defence’ to Address Cyber Insurability Challenges October 8, 2021 Insurer Aon plc announced the launch of a new offering aimed at increasing the resilience of businesses in the UK...
Biden Administration Targets Crypto Pipelines in Fight Against Ransomware Attacks September 22, 2021 By Kartikay Mehrotra and Jennifer Jacobs The Biden administration plans a fresh campaign against ransomware attacks through sanctions to cut off criminals’ cryptocurrency pipelines, and it...
Russia-Linked Ransomware Group Hits Iowa Grain Cooperative, Violating Biden Warning September 21, 2021 By William Turton After a furious run of ransomware attacks in the first half of the year, President Joe Biden in July warned...
Tokio Marine Insurance Singapore Hit by Ransomware Attack August 19, 2021 Tokio Marine Insurance Singapore Ltd. (TMiS), a subsidiary of Tokio Marine Group, announced it was hit by a ransomware cyber...
U.S. Launches ‘Stop Ransomware’ Website; Offers Reward Up to $10M July 16, 2021 By Frank Bajak The State Department will offer rewards up to $10 million for information leading to the identification of anyone engaged in...