Blog

Sun, 08/15/2021

A majority of parents would support their children's school districts paying off hackers in the event of a cyberattack, research shows. The survey found that 72% said they'd support paying hackers' demands if it meant keeping their kids' personal data, academic histories and medical records from...

Fri, 07/02/2021

Cyber insurance faces a challenging market, one where capacity has lessened and insurers are tightening up the "gray areas" of coverage. Underwriters aren't restricting coverage so much as "diversifying" based on risk exposure and claim frequency and severity. The current hardening cyber...

Sat, 05/22/2021

In April, hackers leaked thousands of emails from the administration of Chicago Mayor Lori Lightfoot in response to the police shooting of 13-year-old Adam Toledo. In early May, the city of Tulsa suffered a ransomware attack that left city systems offline for weeks.

Cybersecurity is just...

Thu, 05/13/2021

Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline, according to two people familiar with the transaction....

Sun, 04/11/2021

Wyatt Travnichek was the person responsible for monitoring the water quality in eight central countries in Kansas. In January 2019, he resigned for unknown reasons.

Two years later, Travnichek is charged with “illegally tampering with a public drinking water system”. Earlier this month,...

Thu, 04/01/2021

Ransomware attacks have been occurring more frequently over the past few years, and one sector that has been extremely impacted is education. Universities and places of higher education store personal data of tens of thousands of students each, which makes them more prone to ransom attacks. ...

Tue, 03/09/2021

The risk of physical damage or injury due to cyberattacks on industrial control systems is becoming. “increasingly likely,” and poses a real threat to the cyber insurance world, according to a new study from Lloyd’s of London, CyberCube, and Guy Carpenter.

Information technology and...

Tue, 03/09/2021

On the heels of releasing a cyber risk insurance framework, the New York Department of Financial Services (NYDFS) issued an alert about a “systemic and aggressive” campaign to steal data from public-facing websites.

Hackers appear to be collecting consumer information as part of an...

Thu, 03/04/2021

Auto insurers that pay back stolen car loans are never considered the ones responsible for increased levels of car theft. Similarly, home insurers do not bear the brunt of contributing to rises in burglary. The question that is raised by many in the public is then why do cyber insurers bear...