insurance
Insurance Companies: A “Tasty Morsel” to Cyber Criminals
Yes, this is one of the tastiest morsels…to hack the insurers first—to get their customer base and work in a targeted way from there.” -Unknown Cybercriminal from the REvil group ... The ...
Merck Wins Insurance Lawsuit re NotPetya Attack
The insurance company Ace American has to pay for the losses: On 6th December 2021, the New Jersey Superior Court granted partial summary judgment (attached) in favour of Merck and International Indemnity, ...
Top Cybersecurity Issues to Watch Out For in 2022
One of the most challenging aspects of cybersecurity is preparedness. With technology, user habits, and attack styles changing over the past few years and showing no sign of slowing down, cyberattacks seem ...
Business Concerns Regarding Cyber Threats – Techstrong TV
This year’s Travelers Cyber Risk Index found that cyber threats are the top business concern. Of the 1,200 business leaders who participated in the national survey, the majority said they worry some ...
Insurance and Ransomware
As ransomware becomes more common, I’m seeing more discussions about the ethics of paying the ransom. Here’s one more contribution to that issue: a research paper that the insurance industry is hurting ...
Scammers Target U.S. Troops with Fake COVID-19 Tests
Scammers continue to piggyback on the COVID-19 Coronavirus scare with new tricks, this time targeting U.S. Army service members with phone calls requesting their personal information and promising a testing kit to ...
On Cyber Warranties
Interesting article discussing cyber-warranties, and whether they are an effective way to transfer risk (as envisioned by Ackerlof's "market for lemons") or a marketing trick. The conclusion: Warranties must transfer non-negligible amounts ...
When Scams Collide: E-Mail Fraud and Insurance
Should insurance companies be on the hook to cover losses for cyberfraud? If you are the victim of a business email compromise (BEC) and are induced to wire-transfer a client’s funds to ...
Ransomware Infects Main Server of Large Insurance Company in Oman
A ransomware attack has hit Oman United Insurance Company SAOG, one of the largest insurers in Oman, but operations apparently remain unaffected. Finance is one of the sectors most targeted by hackers, ...
The Future of Cybersecurity Insurance
Cybersecurity incidents and data breaches have become a normal part of the news cycle. It feels like every day you hear about a big corporation or organization suffering an attack that has ...
