Update: Ransomware Attack on Kaseya Affects Up to 1,500 Firms; Hackers Ask $70M July 5, 2021 By Raphael Satter Between 800 and 1,500 businesses around the world have been affected by a ransomware attack centered on U.S. information technology...
P/C Insurers Defend Ransomware Reimbursements in New Cyber Principles July 2, 2021 By Andrew G. Simpson The nation’s largest property/casualty insurance organization is defending ransom payment reimbursements by insurers in a new set of principles stressing...
Insurers’ Own Infrastructure Could Be Next Targets of Cyber Criminals July 2, 2021 By Mark Hollmer As “the next digital pandemic,” cyber risks are increasingly becoming a problem for insurers themselves, according to an industry expert....
New York Regulator Issues New Guidance on Growing Ransomware Threat July 2, 2021 The New York State Department of Financial Services (DFS) has issued new guidance on preventing ransomware attacks. In the guidance,...
Global Cyber Reinsurance Rates Soar by as Much as 40% During July Renewals: Willis Re July 1, 2021 Global cyber reinsurance rates have soared by up to 40% in the July renewal season, reinsurance broker Willis Re said...
U.S. Goes on Offense to Fight Growing Threat of Cyber Attacks June 30, 2021 By Kartikay Mehrotra and Alyza Sebenius For the last several years, FBI agents debated turning the tables on hackers by remotely accessing breached computer networks and...
Vermont Hospital Still Calculating Cost of Ransomware Attack June 21, 2021 Officials at Vermont’s largest hospital are still trying to determine the full financial impact of the cyber attack last October...
7 Major Cyber Insurers Form Company to Coordinate Cyber Analysis, Risk Mitigation June 21, 2021 With cyber attacks and insurance claims on the rise, leading cyber insurers AIG, AXIS, Beazley, Chubb, The Hartford, Liberty Mutual...
New York City’s 1,000-Lawyer Law Department Targeted by Cyber Attack June 15, 2021 By Karen Matthews New York City’s law department was been hit with a cyber attack that forced officials to take the 1,000-lawyer agency...
Ransomware Is Key Online Threat Facing UK, Says Cyber Security Chief June 14, 2021 By Kitty Donaldson Professional criminals holding businesses to ransom — often with the support of nation-states — is the key online threat facing...