Liberty Mutual Offers Complimentary Cybersecurity Assessment to Select Cyber Clients

cyber risk management

Liberty Mutual Insurance has partnered with leading cyber security rating provider SecurityScorecard to offer complimentary cybersecurity analysis to qualifying clients of its Global Risk Solutions North America and Liberty Specialty Markets units. Through Liberty Mutual’s strategic relationship with SecurityScorecard, qualifying policyholders will receive a detailed analysis of their cybersecurity and the external threats to which… Continue reading Liberty Mutual Offers Complimentary Cybersecurity Assessment to Select Cyber Clients

Cyber Security Spending Has Risen Over the Last Year to $2.6M per U.S. Firm

Hackers using laptop computers to penetrate security systems to steal big data from the server room

Hiscox®, the international specialist insurer, reveals that US businesses’ cyber security spending is on the rise and they are leaders in cyber expertise, but still have more work to do when it comes to ransomware and phishing emails. The annual Hiscox Cyber Readiness Report™, which gauges businesses’ preparedness to combat cyber incidents and breaches, surveyed… Continue reading Cyber Security Spending Has Risen Over the Last Year to $2.6M per U.S. Firm

Alliant and ACA Aponix® Launch New Cybersecurity Offering, PortCo Protect

Alliant Insurance Services announced today the launch of a new cybersecurity risk mitigation and transfer solution offering, PortCo Protect. Created in partnership with ACA Aponix, PortCo Protect is tailored to the needs of private equity managers and their portfolio companies. “Uniting ACA’s proprietary assessment risk index with our risk modeling and analytics services was a… Continue reading Alliant and ACA Aponix® Launch New Cybersecurity Offering, PortCo Protect

Microsoft Warns Hospitals of Sophisticated Ransomware Attacks Targeting Remote Workforce

BEC attacks

Microsoft is warning hospitals that sophisticated ransomware attacks are trying to exploit remote workers to gain access to their networks. As healthcare organizations move their nonessential employees to work remotely during the COVID-19 pandemic, ransomware operators are trying to find vulnerabilities in network devices like gateway and virtual private network (VPN) appliances. Through Microsoft’s network… Continue reading Microsoft Warns Hospitals of Sophisticated Ransomware Attacks Targeting Remote Workforce

Marriott Says New Data Breach Affects 5.2 Million Guests

Cyberattacks pose risk to creditworthiness

Marriott says guests’ names, loyalty account information and other personal details may have been accessed in the second major data breach to hit the company in less than two years. Marriott said Tuesday approximately 5.2 million guests worldwide may have been affected. The information taken may have included names, addresses, phone numbers, birthdays, and loyalty… Continue reading Marriott Says New Data Breach Affects 5.2 Million Guests

Cyberspace Solarium Commission Seeks to Restore Cyber Coordinator Roles

Cyberattacks pose risk to creditworthiness

The Cyberspace Solarium Commission, in its final report, has recommended restoring and restructuring two cyber oversight roles previously eliminated during the Trump administration, while also making the Department of Homeland Security’s cyber branch a coordinator for federal response. The commission, stood up under the 2019 National Defense Authorization Act, issued 75 recommendations to improve the… Continue reading Cyberspace Solarium Commission Seeks to Restore Cyber Coordinator Roles

Accenture Launches Response Service for AXA XL’s Business Customers Hit by Cyberattacks

Digital background depicting innovative technologies in security systems, data protection Internet technologies

Accenture now provides its Cyber Incident Response Service to help AXA XL’s clients respond to and recover from cyberattacks. In the event of an attack, AXA XL clients will now have access to Accenture Security’s global network of cybersecurity expertise and technology solutions to help resolve cyber incidents. Accenture will provide post-breach security services for… Continue reading Accenture Launches Response Service for AXA XL’s Business Customers Hit by Cyberattacks

Aon Acquires Cytelligence, Strengthening Cyber Security Offering

cyber risk management

Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, announced today the acquisition of Cytelligence Inc, a Canadian-based cyber security firm that provides incident response advisory, digital forensic expertise, security consulting services and cyber security training for employees to help organizations respond to cyber security threats… Continue reading Aon Acquires Cytelligence, Strengthening Cyber Security Offering

SEC Urges Better Cybersecurity Practices at Financial Firms

Cyberattacks pose risk to creditworthiness

The Securities and Exchange Commission is telling financial-services companies what kind of cybersecurity practices it has found during audits, giving them detailed information on how to handle sensitive data and guard against cyberattacks. The observations by the SEC are the latest in a string of moves by regulators and government agencies that demonstrate they are… Continue reading SEC Urges Better Cybersecurity Practices at Financial Firms

Tech Chiefs Plan to Boost Cybersecurity Spending

Cyberattacks pose risk to creditworthiness

Companies are pouring money into digital defenses in an effort to stem the spread of malware, which hackers are using to steal data, commit fraud and disrupt victims’ operations. Corporate technology leaders are looking for real-time overviews of activity on their networks and deep analysis of risk. Tools that support such needs will be key… Continue reading Tech Chiefs Plan to Boost Cybersecurity Spending