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.

Cyberattacks can be just as damaging to a company as natural catastrophes.  

There are now more than 100 participants writing cyber insurance policies, according to CAC Specialty’s Stephanie Snyder Frenier.

These fundamental steps can help businesses guard against business email compromise.

The use of autonomous vehicles is attractive to many, but where liability lies should an accident occur is still a murky issue.

From data breach lawsuits to tarnished reputations to environmental damage to broken equipment, here are ten potentially costly consequences of a cyberattack.

The battery energy storage system industry may just be one of the fastest-growing industries today. But cyber risks still weigh heavy on BESS owners and operators.

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. 

A RIMS session took attendees into the mind of a hacker, exactly how they infiltrate organizations’ systems and how companies can protect themselves.

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.

Companies are now looking to parametric insurance for more than weather and seismic coverages.

Sulim Bartok has become more adept at dealing with cyber threats, understanding coverages and recommending solutions that improve his clients’ risk profiles.

The targets of cybercriminals’ data breach efforts are always shifting. Better awareness of trends in cybercrime — and consumers’ reactions to it — can inform an insurer’s strategic outlook.

With cyberattacks on the rise, many companies are conducting breach response drills to assess how quickly they can recover.

This year, 6 brokers from across the brokerage field were named as the 2023 Cyber Power Broker winners. An additional two brokers were named as finalists.

Integrated policies can help streamline the claims process for technology companies.

Allianz’s annual survey highlights risks not usually associated with traditional insurance.

If you wanted to secure your house, would you just lock the doors and forget about the open windows? Time and time again, organizations do just that with their cyber risk management, discovering too late that they have failed to protect assets that they were unaware existed. External threats like data exfiltration often result from… View Article