External attacks on companies result in the most expensive cyber insurance losses, but it is employee mistakes and technical problems that are the most frequent generator of claims by number, according to a report from Allianz Global Corporate & Specialty (AGCS). The study analyzes 1,736 cyber-related insurance claims worth EUR 660mn (US$ 770mn) involving AGCS… Continue reading Cyber Insurance Claims on the Rise
Tag: ransomware attacks
Ransomware: Pay Attention and Get Your Clients the Compliant Help They Need
The recent OFAC and FinCEN governmental advisories surrounding ransomware payments are creating concern and uncertainty for the insurance community. This community is specifically named in the advisories, and that means all Retailers, Wholesalers, MGAs, MGUs, Carriers and Program Administrators need to pay attention and get the right experts on board before an incident occurs. Best… Continue reading Ransomware: Pay Attention and Get Your Clients the Compliant Help They Need
Microsoft Warns Hospitals of Sophisticated Ransomware Attacks Targeting Remote Workforce
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