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A Cyber Insurance Backstop

Schneier on Security

After Merck filed its $700 million claim, the pharmaceutical giant’s insurers argued that they were not required to cover the malware’s damage because the cyberattack was widely attributed to the Russian government and therefore was excluded from standard property and casualty insurance coverage as a “hostile or warlike act.”

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The future of cyber insurance

IT Security Guru

Cyber insurers are losing money. Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyber risk a potentially uninsurable area due to falling profitability.

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Scant evidence that cyber insurance boom is leading to better security

SC Magazine

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. Photo by Spencer Platt/Getty Images). But recent research shows that’s not happening.

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Local government cybersecurity: 5 best practices

Malwarebytes

It seems like not a day goes by where we don’t hear about a local government cyberattack. Indeed, from 911 call centers to public schools , cyberattacks on local governments are as common as they are devastating. Just how often do threat actors attack local governments? said daily. said daily. Table of Contents.

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Securing Government Agencies: Essential Eight and Other Efforts

Duo's Security Blog

This change reflects a movement we’re seeing in governments worldwide to be more assertive in improving government agency security. Service providers are already encouraged to comply with the Cyber Assessment Framework (CAF). Not surprisingly, these changes primarily focus on government agencies and the vendors who supply them.

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One Year Later: What Have We Learned Since the Colonial Pipeline Attack

Thales Cloud Protection & Licensing

government is recommending to ensure the operations of Critical National Infrastructure are not affected by ransomware attacks. Governments step up to protect all businesses. Government Towards a Zero Trust Architecture dictate U.S. Cyber insurance coverage ramps up. Data security.

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Ransomware Prevention, Detection, and Simulation

NetSpi Executives

Hunt and destroy or encrypt backups hosted in local and cloud networks as well as virtual machine snapshots. Some can’t afford not to pay, and some are covered by cyber insurance. Protect your backup systems. Does backup protect against ransomware? That’s why off-site backups are critically important for recovery.