Security Affairs

JULY 17, 2025

This week, the company published an update revealing that insurance payouts will cover much of the financial damage. “The Company is updating its full-year outlook to reflect its strong performance for the first three fiscal quarters of 2025 and the estimated costs and charges associated with the previously disclosed cyber incident.”

Cyber Attacks

Security Affairs

JUNE 23, 2025

Following the cyber attack, McLaren Health Care launched an investigation into the incident. “On or about August 5, 2024, McLaren became aware of suspicious activity related to certain McLaren/Karmanos computer systems and they immediately activated their emergency response processes.

Data breaches

Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. Attackers often view US enterprises as lucrative targets, believing they have the financial means to pay substantial ransoms.

Cyber Attacks

Security Affairs

DECEMBER 17, 2024

million individuals following a cyber attack. Texas Tech University reports a data breach affecting 1.4 million, exposing personal, health, and financial data from its health sciences centers. Texas Tech University disclosed a data breach that impacted over 1.4

Data breaches

Security Affairs

MAY 15, 2025

In April, Nova Scotia Power and Emera faced a cyber attack that has impacted their IT systems and networks.Both companies declared that the security incident did not cause any power outages. Nova Scotia Power manages approximately $5 billion in assets and produces more than 10,000 gigawatt-hours of electricity annually.

Data breaches

Security Affairs

OCTOBER 27, 2024

CISA adds ScienceLogic SL1 flaw to its Known Exploited Vulnerabilities catalog VMware failed to fully address vCenter Server RCE flaw CVE-2024-38812 Cisco states that data published on cybercrime forum was taken from public-facing DevHub environment Internet Archive was breached twice in a month Unknown threat actors exploit Roundcube Webmail flaw (..)

Data breaches

Digital Shadows

DECEMBER 5, 2024

By contrast, the finance and insurance; professional, scientific, and technical services (PSTS); and retail trade sectors accounted for 8% each. Proactive monitoring helps organizations address security issues early, significantly reducing the risk of successful cyber attacks and ensuring a smoother, more secure integration during M&A.

Cybersecurity

Security Affairs

MAY 27, 2025

In April, Nova Scotia Power and Emera faced a cyber attack that impacted their IT systems and networks.Both companies declared that the security incident did not cause any power outages. Nova Scotia Power manages approximately $5 billion in assets and produces more than 10,000 gigawatt-hours of electricity annually.

Energy and Utilities

SecureWorld News

JULY 1, 2025

UnitedHealth now estimates that the February 2024 breach of its Change Healthcare subsidiary compromised data for 190 million Americans , delaying prescriptions and disrupting insurance billing nationwide. Malicious changes to chemical dosing at water plants or pressure manipulations in pipelines could trigger instant public safety crises.

Social Engineering

SecureWorld News

JULY 10, 2025

Recently, the group has reportedly shifted attention from retail to the insurance sector, according to threat intelligence from Google’s cybersecurity team. Scattered Spider is known for its sector-specific targeting strategy, focusing on one industry at a time.

Retail

SecureWorld News

DECEMBER 27, 2024

As cyber-attacks grow in frequency and sophistication, the need to strengthen cybersecurity across all levels of education is critical. "In In response, organizations will implement stronger protections, including indemnification clauses and enhanced Director & Officer (D&O) insurance, to shield CISOs from undue personal risk.

Cybersecurity

BH Consulting

FEBRUARY 24, 2025

Cyber insurance industry faces a pivotal year The cyber insurance industry faces a pivotal year, influenced by evolving ransomware threats, regulatory changes, and the integration of artificial intelligence (AI). Many SMEs think they’re too small to fall victim to cyber attacks.

Cyber Insurance

GlobalSign

JULY 14, 2025

This attack group seems to be finding particular success working its way through as many industries and sectors as it can hit consecutively. From retail, to insurance, to aviation – it raises the question, who could be next? The common denominator?

Insurance

Trend Micro

JULY 2, 2025

We found that although most are already using AI tools for cyber, and many more plan to do so, a majority are also concerned about the impact the technology will have on their attack surface. Many more worry about AI-powered cyber-attacks. On the contrary, it can be a powerful business enabler.

Cyber Risk

Security Affairs

APRIL 9, 2025

The breach could be interpreted as the largest cyber attack by number of victims (consumers) in Morocco. What it covers: Healthcare: Provides access to hospitalization, medical services, and other treatments for insured individuals and their dependents.

Data breaches

GlobalSign

AUGUST 1, 2025

More from the author > GlobalSign Newsletter & Blog Register Here Register Here Connect with us Related Blogs 4 Best Practices to Boost Your Cybersecurity Strategy Apr 23, 2025 Discover 4 essential practices to enhance your cybersecurity strategy and protect your business from evolving cyber threats.

IoT

Joseph Steinberg

AUGUST 5, 2021

While leveraging cyber-liability insurance has become an essential component of cyber-risk mitigation strategy, cyber-liability offerings are still relatively new, and, as a result, many parties seeking to obtain coverage are still unaware of many important factors requiring consideration when selecting a policy.

Insurance

Lohrman on Security

JANUARY 8, 2023

There are dark clouds on the horizon as well as conflicting forecasts regarding cyber insurance in 2023 and beyond. Where will the insurance market go from here on cybersecurity coverage?

Cyber Insurance

Schneier on Security

JANUARY 25, 2022

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, declaring that the War or Hostile Acts exclusion was inapplicable to the dispute. Merck suffered US$1.4 Merck suffered US$1.4

Insurance

Tech Republic Security

OCTOBER 1, 2024

A report from insurer QBE predicts that the world will experience 211 significant cyber attacks this year, marking a 105% increase over four years.

Cyber Attacks

CyberSecurity Insiders

DECEMBER 26, 2022

Insurance companies like Lloyd offer cyber insurance policies that cover a business from facing a business loss during a cyber-attack. However, in coming days, cyber attacks will become uninsurable, as per Mario Greco, the Chief of Zurich Insurance. So, will cyber insurance vanish with time?

Insurance

CyberSecurity Insiders

DECEMBER 9, 2021

Lloyd’s of London Insurance, simply known as Lloyd’s Insurance, has released a media update that it will no longer cover losses that were incurred because of cyber wars among nations. The post Insurance company says it will no longer cover state funded Cyber Attacks appeared first on Cybersecurity Insiders.

Insurance

Javvad Malik

AUGUST 22, 2022

Lloyds of London has told its members to exclude nation state cyber attacks from insurance policies beginning in 2023, saying they pose unacceptable levels or risk. So who will decide whether an attack is a nation state or just little Timmy trying to impress his friends on the Discord channel?

Insurance

eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

Cyber Insurance

CyberSecurity Insiders

APRIL 1, 2021

CyberCube, a cyber analytics firm, claims that the rise in cyber-attacks on Microsoft servers could also increase cyber insurance claims filed by many companies. . The post Cyber attacks on Microsoft Exchange Email Servers could surge up cyber insurance claims appeared first on Cybersecurity Insiders.

Cyber Insurance

Security Boulevard

MARCH 3, 2021

In this part of the blog series on the connection between cybersecurity and insurance, we go through a real-life situation that demonstrates how insurance policies may or may not provide you the necessary coverage in the event of a cyber-attack. A Standalone Cyber Insurance Policy Isn’t Enough As discussed in our previous blog, a.

Insurance

SecureWorld News

DECEMBER 27, 2022

Cyber is the risk to watch, according to a Financial Times article in which insurer Zurich's top executive is quoted. What will become uninsurable is going to be cyber,” said Mario Greco, CEO at Zurich, one of Europe's biggest insurance companies, in the Dec. 26 article. The two sides later settled.

Insurance

Security Boulevard

AUGUST 25, 2022

announced that it will require its underwriters, globally, “to exclude catastrophic state-backed hacks from stand-alone cyber insurance policies” starting in March 2023. This elimination of cyber policies involving nation-state adversaries is not surprising. Last week, Lloyd’s of London Ltd.

Insurance

CyberSecurity Insiders

FEBRUARY 16, 2021

The intelligence committee, funded by South Korea’s National Assembly, has revealed that a cyber attack launched on Pfizer at the end of last year was launched by North Korean hackers to steal the intelligence of vaccine research that was co-sponsored by BioNTech.

Cyber Attacks

CyberSecurity Insiders

AUGUST 26, 2022

Lloyd’s London, one of the largest insurance services providers in the world, has disclosed that it is making amendments to its cyber insurance laws that will come into effect from March 2023. All insurance companies exclude the risks inferred from war like situations.

Cyber Insurance

IT Security Guru

JUNE 28, 2022

Enter cyber insurance. We insure almost everything – our homes, our cars, even our lives. At first glance, it seems odd that most businesses don’t insure against something as potentially devastating as cybercrime. Unfortunately, transferring traditional insurance models to the cyber-sphere isn’t an easy task.

Cyber Insurance

CyberSecurity Insiders

FEBRUARY 17, 2022

For all those companies who are planning to renew their cyber insurance policy or are in a procedure to take one, here’s a piece of information that might interest you. Most of the Cyber Insurance companies have excluded ‘Cyber War’ consequences from their policies. that’s insane….isn’t isn’t it? .

Cyber Insurance

Bleeping Computer

MAY 16, 2021

Branches of insurance giant AXA based in Thailand, Malaysia, Hong Kong, and the Philippines have been struck by a ransomware cyber attack. As seen by BleepingComputer yesterday, the Avaddon ransomware group claimed on their leak site that they had stolen over 3 TB of sensitive data from AXA's Asian operations. [.].

Insurance

Joseph Steinberg

AUGUST 5, 2021

Understanding the difference between the two is also essential when seeking to obtain – and when acquiring – cyber-liability insurance. First-party cyber-liability risks refer to risks that directly endanger an organization. First-Party Risks And Coverage.

Insurance

The Hacker News

NOVEMBER 9, 2022

The rise in the costs of data breaches, ransomware, and other cyber attacks leads to rising cyber insurance premiums and more limited cyber insurance coverage. This cyber insurance situation increases risks for organizations struggling to find coverage or facing steep increases.

Cyber Insurance

Cisco Security

SEPTEMBER 28, 2022

Lloyds of London have recently published a Market Bulletin 1 addressing the wording of cyber insurance policies to exclude losses arising from: “ state backed cyber-attacks that (a) significantly impair the ability of a state to function or (b) that significantly impair the security capabilities of a state. ”. Conclusion.

Cyber Insurance

Security Affairs

JANUARY 6, 2024

Merck has resolved a dispute with insurers regarding a $1.4 Merck and its insurers have agreed with a $1.4 billion insurance claim for the losses caused by the NotPetya attack that took place in 2017. Merck had not taken out specific insurance to cover cyber attacks, it only had insurance coverage against general risks.

Insurance