In 2017, Merck & Co., a New Jersey-based multinational pharmaceutical company, fell victim to the NotPetya malware attack, resulting in damages exceeding $1.4 billion and affecting more than 40,000 of its computers.
In this fictive scenario, a burgeoning small town bakery is hit with a ransomware attack demanding Bitcoin payments… or else. But when this baker pays, no questions asked, she soon learns that maybe asking a question or two could have benefited her business.
This fictive scenario sees U.S. public schools falling victim time and time again to elaborate social engineering schemes concocted by dastardly cybercriminals. But the fiction only goes so deep when looked at in reality.
EPIC’s Thompson Mackey weighs in on the ways Chat GPT, language models and the remote-work revolution will introduce new cyber vulnerabilities. In his view, we’ll need proactive risk management and cyber insurance to control for these cultural shifts.
The hiring of six attorneys practicing in the financial institutions and insurance space, in addition to announcements from RT Specialty, are among recent insurance industry hiring and promotion announcements.
Nearly every organization today has been touched by some type of cybersecurity or privacy incident. While their experiences may be different, Margaux Weinraub sees opportunities for business partners to learn from each other and focus on resilience.