The hacking group accused of disrupting casinos and hotels at MGM Resorts International last year is engaged in a new campaign targeting banks and insurance companies, according to cybersecurity researchers.
Tag: Cyber Liability insurance
Kaiser Notifies Millions of Its Members of a Privacy Data Breach
About 13.4 million current and former Kaiser Permanente members and patients were potentially impacted by a privacy breach, the health care provider said.
Geneva Association Says Public Backstop May Be Necessary for Major Cyber Events
The protection gap between cyber liability coverage and the potential for losses means a taxpayer backstop for major cyber events may be necessary, according to a report from the Geneva Association.
U.S. Plans to Push Other Countries Not to Pay Hacker Ransoms
The U.S. is pushing a group of governments to publicly commit to not make ransom payments to hackers ahead of an annual meeting of more than 45 nations in Washington later this month.
Cyber Insurer Resilience Secures $100 Million in Funding
Resilience Cyber Insurance Solutions has completed a Series D funding round, raising $100 million as startup cyber insurance companies continue to attract investment.
Ransomware Revenue Poised to Make 2023 a Costly Year: Chainalysis
Ransomware payments dropped significantly in 2022, but they’ve shown a major rebound in the first half of 2023, as threat actors switch up their tactics and demands, according to the latest numbers from Chainalysis.
Zurich Adds Cyber Insurance Offering for Middle Market Businesses
Zurich North America has introduced a cyber insurance offering designed specifically for middle market businesses.
Carriers Unlikely to Offer Higher Cyber Limits Despite Better Conditions
Despite recent signs of recovery from shock losses, insurers do not expect the amount they are willing to cover through cyber policies to grow dramatically in the near future.
Cyber Insurance Market Shows Signs of Stability, Says Marsh
Rate hikes are decreasing on average, and there are signs of stabilization, according to Gregory Eskins, cyber product leader at Marsh in the United States and Canada. Additionally, the risk management postures of corporations are improving. Insurers are establishing clearer underwriting standards, which can strengthen customer controls; and coordination between the public and private sectors… Continue reading Cyber Insurance Market Shows Signs of Stability, Says Marsh
Many Businesses Go without Cyber Insurance
According to new data published by the data privacy agent Incogni, a digital miscreant steals or copies data from at least 30 accounts every second of the day. Cybercriminals stole data from more than 2 billion online accounts in the last two years. Given this situation, one would think that cybersecurity insurance would be on… Continue reading Many Businesses Go without Cyber Insurance