The FBI secretly hacked and disrupted the Hive ransomware gang, preventing the group from collecting more than $130 million in ransomware demands from more than 300 victims.
Tag: cyber insurance
Cyber and BI Top Threats As Economic and Energy Risks Rise: Allianz Risk Barometer
Cyber incidents and Business interruption rank as the biggest company concerns for the second year in succession.
U.S. to Investigate Cyberattacks Linked to Lapsus$
The Biden administration announced on Friday that it would investigate recent hacks linked to Lapsus$.
Swiss Re: Insurance Can Help Bolster Cyber Resilience As Risks Evolve
John Coletti, Head of Cyber Reinsurance at Swiss Re, believes that efforts to combat cyber threats are never enough, and he outlines a number of steps insurers can take to strengthen cyber defense.
Cyber Insurance Market Begins to Stabilize
The market for cyber insurance, according to observers, has begun to stabilize after a surge in ransomware attacks in recent years pushed up premiums dramatically.
While Personal Cyber Risk Protection Improved, Poor Cybersecurity Behaviors Continue
Survey shows more people are taking concrete steps to safeguard their personal information and data from cyber-attacks but poor cybersecurity behaviors persist.
Swiss Re Floats Public-Private Partnership as Cybercrime Insurance Costs Rise
To help fill the cyber coverage gap as insurance companies struggle to stay afloat in the face of rising claims, Swiss Re has recommended a public-private partnership insurance scheme, with one option being a government-backed fund.
Cybercriminals Return After Getting Ransomware Payments
More than a third (36%) of companies that paid a ransom were later targeted by cyber criminals a second time.
Cyber Premiums Grew 61% as Threats Rose in 2021: NAIC Report
A recent NAIC report shows a cybersecurity insurance market worth approximately $6.5 billion, a 61% increase over the previous year.
Cyber Incidents Targeting SMBs Dropped Slightly
Cybersecurity incidents aimed at small businesses increased by 61 percent between the pandemic years 2020 and 2021, but have since dropped slightly.