December 15, 2021
Global specialty insurer SiriusPoint said it is investing in LuckyTruck Corp., a digital broker and aggregator specializing in commercial trucking insurance. The two did not disclose the investment amount. LuckyTruck vows to make the purchase of insurance for trucking fleets …
August 26, 2021
Four insurance firms β Travelers, Coalition, Resilience Cyber Solutions and Vantage Groupβ were among the participants in the White House summit on cybersecurity along with giant technology firms and Biden Administration officials. “The federal government can’t meet this challenge alone,” …
June 10, 2021
Meat producer JBS USA paid the equivalent of $11 million in ransom in response to the May 30 criminal hack against its meat plant operations, the company confirmed in a statement released Wednesday. At the time of payment, the company …
June 7, 2021
More transparency is needed into what kind of cash payments are made after ransomware attacks, a top Democrat said, following a recent spate of cyber-attacks aimed at U.S. companies. Mark Warner, chairman of the Senate Intelligence Committee, spoke days after …
June 4, 2021
The White House warned corporate executives and business leaders on Thursday to step up security measures to protect against ransomware attacks after intrusions disrupted operations at a major meatpacking company and the biggest U.S. fuel pipeline. There has been a …
May 17, 2021
The ransomware attack on Colonial Pipeline Co. that caused gasoline shortages along the U.S. East Coast also sparked a debate about whether cyber insurance helps protect against marauders — or attracts them. Some cyber-security experts say hackers target companies that …
October 1, 2019
Cyber risks are the top concern among businesses of all sizes. Of the 1,200 business leaders who participated in an insurer-sponsored survey, 55% said they worry some or a great deal about cyber risks, ahead of medical cost inflation (54%), …
September 17, 2019
Coalition, a cyber insurance agency for small and midsize businesses, has launched an incentive program to reward policyholders who implement multi-factor authentication (MFA, also commonly known as 2FA) on their business email accounts. Coalition said recent reporting shows that enabling …
September 20, 2018
Despite the volume of cyberattacks doubling in 2017, banks and insurance firm firms are closing the gap on cyber attacks, having stopped four in five of all breach attempts last year. According to a study by Accenture, financial services firms …
December 12, 2017
American International Group, Inc. has launched a new cyber benchmarking model that quantifies and scores client cyber risk. The AIG model evaluates a client’s cyber security maturity against 10 common attack patterns across 11 commonly used technology devices. The model …