Companies that facilitate ransomware payments risk violating US sanctions
Companies that ransomware-hit US organizations hire to facilitate the paying of the ransom are at risk of breaking US sanctions, falling afoul of the US Department of the …
cyber insurance
Businesses vulnerable to emerging risks have a gap in their insurance coverage
The majority of business decision makers are insured against traditional cyber risks, such as breaches of personal information, but most were vulnerable to emerging risks, …
The battle against ransomware: Lessons from the front lines
Ransomware is arguably the most significant cybercrime innovation in recent history. The ransomware business model is so effective that it is now the most common and …
Rising threats call for primary cyber resilience, new strategies for governments
Cybercriminals are holding governments hostage more frequently, expanding their attack base, and asking for more money, according to a report released by Deloitte. The study …
The overlooked part of an infosec strategy: Cyber insurance underwriting
When a data breach or cyber attack hits the headlines one of the last things businesses are likely to consider is how cyber insurance could helped. Outside of a general …
Danish company Demant expects to suffer huge losses due to cyber attack
Danish hearing health care company Demant has estimated it will lose between $80 and $95 million due to a recent “cyber-crime” attack. Though the company has yet …
How organizations view and manage cyber risk
Amid a wider range of issues to handle, a majority of board members and senior executives responsible for their organization’s cyber risk management had less than a day in the …
The ransomware attack cost Norsk Hydro $40 million so far
A little over a week after the beginning of the ransomware attack targeting Norsk Hydro, the company has estimated that the costs it incurred because of it have reached …
Weighing the options: The role of cyber insurance in ransomware attacks
The Norsk Hydro cyberattack is a real-time case study of what an international company goes through when a ransomware attack is successful. Over the last week, we’ve witnessed …
How companies view their cyber exposure, and how they deal with it
The 2018 Travelers Risk Index found cyber risks are the No. 2 concern across all business sizes and industries, and the percentage of businesses reporting they have been the …
83% of SMB owners have no cash put aside to deal with the fallout from a cyber attack
Small businesses are leaving themselves exposed to significant financial risk from cybercrime by not having adequate measures in place to recover in the event of a cyber …
Insurance experts expect higher cyber-related losses
Insurance companies are expecting increased cyber-related losses across all business lines over the next 12-months, driven by increasing reliance on technology and …
