Written by Martin Lee and Richard Archdeacon. Lloyds of London have recently published a Market Bulletin1 addressing the wording of cyber insurance policies to exclude losses arising from: “state backed cyber-attacks that (a) significantly impair the ability of a state to function or (b) that significantly impair the security capabilities of a state.” The concern raised is that … [Read more...] about Cyber Insurance and the Attribution Conundrum
Insurance
Do You Have Ransomware Insurance? Look at the Fine Print
Insurance exists to protect the insured party against catastrophe, but the insurer needs protection so that its policies are not abused – and that's where the fine print comes in. However, in the case of ransomware insurance, the fine print is becoming contentious and arguably undermining the usefulness of ransomware insurance. In this article, we'll outline why, particularly … [Read more...] about Do You Have Ransomware Insurance? Look at the Fine Print
How Identity Protection Can Accelerate Cyber Insurance Initiatives
The growth in frequency and severity of cyberattacks has caused organizations to rethink their security strategies. Major recent security threats, such as high-profile ransomware attacks and the Log4Shell vulnerabilities disclosed in 2021, have led to a greater focus on identity protection as adversaries rely on valid credentials to move laterally across target networks. Cyber … [Read more...] about How Identity Protection Can Accelerate Cyber Insurance Initiatives
Insurance Firm CNA Financial Reportedly Paid Hackers $40 Million in Ransom
U.S. insurance giant CNA Financial reportedly paid $40 million to a ransomware gang to recover access to its systems following an attack in March, making it one the most expensive ransoms paid to date. The development was first reported by Bloomberg, citing "people with knowledge of the attack." The adversary that staged the intrusion is said to have allegedly demanded $60 … [Read more...] about Insurance Firm CNA Financial Reportedly Paid Hackers $40 Million in Ransom
8 New MobileFirst Apps for iOS from Apple and IBM
Apple and IBM have launched eight new MobileFirst apps for iOS to address key tasks in Healthcare, Industrial Products, Travel and Transportation, Retail, and Insurance. It’s time to transform how business gets done with apps that tap into the full potential of big data and analytics. IBM MobileFirst for iOS apps, made exclusively for iPhone and iPad, are now available to … [Read more...] about 8 New MobileFirst Apps for iOS from Apple and IBM