article thumbnail

Automakers Are Sharing Driver Data with Insurers without Consent

Schneier on Security

Some drivers may not realize that, if they turn on these features, the car companies then give information about how they drive to data brokers like LexisNexis [who then sell it to insurance companies].

Insurance 319
article thumbnail

Insurance and Ransomware

Schneier on Security

Here’s one more contribution to that issue: a research paper that the insurance industry is hurting more than it’s helping. Although it is a societal problem, cyber insurers have received considerable criticism for facilitating ransom payments to cybercriminals.

Insurance 288
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Insurance Coverage for NotPetya Losses

Schneier on Security

Tarah Wheeler and Josephine Wolff analyze a recent court decision that the NotPetya attacks are not considered an act of war under the wording of Merck’s insurance policy, and that the insurers must pay the $1B+ claim. Wheeler and Wolff argue that the judge “did the right thing for the wrong reasons.”

Insurance 268
article thumbnail

Major Cyber Insurance Overhaul Begins Now

Lohrman on Security

From Lloyd’s of London to the new National Cybersecurity Strategy, the future of cyber insurance is evolving fast. What do you need to watch?

article thumbnail

Cyber Insurance: Sexy? No. Important? Critically yes.

Security Boulevard

Season 3, Episode 5: Cyber Insurance may not be the sexiest topic, but it’s an important piece of any mature cyber program. The post Cyber Insurance: Sexy? We chatted with a lawyer and a VC who share their perspective. Critically yes. appeared first on Security Boulevard.

article thumbnail

Cyber Insurance Roundup: What’s Happening Now?

Lohrman on Security

From the roller-coaster ride in rates to new generative AI uses to dramatic changes in underwriting rules, cyber insurance is evolving fast. Here are some of the latest trends.

article thumbnail

Where Next for Government in the Cyber Insurance Market?

Lohrman on Security

Cyber insurance is only getting more expensive, and the market is changing dramatically, with more changes to come. So what trends will drive adoption, rates and the wider future of cyber insurance?