Cyber Insurance – 2022 Midyear Market Outlook
The past year has seen a rapidly hardening cyber insurance market as cyberattacks have surged in both cost and frequency. This increase in attacks has, in turn, resulted in a
... continued.Cyberattacks Growing in Frequency, Severity, and Complexity
Several recent reports quantify the growing risk and cost of cyber attacks in 2021. Willis Towers Watson PLC, a multinational risk-management, insurance brokerage, and advisory company, and global law firm
... continued.Data Spotlight: Cyber Losses in Construction Are on the Rise
Cyberattacks are increasing in the construction industry. These attacks can shut down business operations, cause reputational damage and result in costly litigation and fines. Review the following article for an
... continued.As Cybercriminals Act More Like Businesses, Insurers Must Think More Like Criminals
Cybersecurity is no longer an emerging risk but a clear and present one for organizations of all sizes, panelists on a panel at Triple-I’s Joint Industry Forum (JIF) said. This is due
... continued.Harden Your Cyber Defenses Immediately, White House Warns Private Sector
In a March 21, 2022 statement, President Joe Biden cautioned businesses in the private sector to harden their cyber defenses, reiterating earlier warnings related to potential cyberattacks against U.S. organizations
... continued.Experts Fear Global Impact From Russia’s Cyberattacks on Ukraine
Russia launched a full-scale military assault on Ukraine in the early morning hours of Feb. 24, 2022, accompanied by a series of targeted cyberattacks that experts and officials say could
... continued.Ransomware Actors Shifting Away From Big-game Hunting to Smaller Targets: Coveware
Ransomware actors shifted to more “mid-game hunting” in the third quarter (Q3) of 2021, resulting in fewer large ransom payments and more lower payments made by middle-market organizations, according to
... continued.Cyber Risk Experts Warn of Log4Shell’s Long-tail Risk
Complications stemming from the Log4j vulnerability will likely persist well into 2022, putting a new focus on cyber insurers’ ability to help their insureds quickly mitigate their risk. The zero-day
... continued.Ransomware: Is Your Board Prepared?
Cyber risk oversight is an increasingly important board function as ransomware has quickly become one of the biggest cyber threats. Ransomware—a type of malware that employs encryption to hold a
... continued.Spam and Phishing
Malicious Email A malicious email can look just like it comes from a financial institution, an e-commerce site, a government agency or any other service or business. It often urges
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