Kemper Proposes $17.6M Settlement of Data Breach Claims October 18, 2021 Kemper Insurance has proposed to settle a class action stemming from two data breaches in a deal valued at about...
Marsh McLennan Launches Cyber Risk Analytics Center October 14, 2021 Marsh McLennan announced the launch of its Cyber Risk Analytics Center, a resource that brings together the cyber risk data,...
SEC Looking Into Use of Personal Digital Devices by Financial Professionals: Reuters October 13, 2021 By Chris Prentice and Jody Godoy The U.S. Securities and Exchange Commission (SEC) has opened a broad inquiry into how Wall Street banks are keeping track...
Singapore Plans to Review Cybersecurity Strategy and Laws October 6, 2021 By Jamie Tarabay and Yoolim Lee Singapore plans to review its strategy to further safeguard the country against cyber attacks, and may also revise its laws...
S&P Warns of Cyber Risk’s Impact on Insurers’ Credit Ratings July 19, 2021 Cyber risk is becoming increasingly relevant to insurer credit ratings, according to a report from S&P Global Ratings. Overall, S&P...
Georgia Hospital System Still Recovering From Ransomware Attack June 24, 2021 A coastal Georgia hospital system is still struggling to recover from a ransomware attack that shut down its computer systems...
FBI Says Don’t Pay Ransom While Tax Advisors Say Payment May Be Tax Deductible June 21, 2021 By Alan Suderman and Marcy Gordon WASHINGTON — As ransomware attacks surge, the FBI is doubling down on its guidance to affected businesses: Don’t pay the...
Following Pandemic, Cyber Vaccines Needed to Protect Digital Economy: Viewpoint June 11, 2021 By Mike Dolan A surge in cyber attacks and ransomware hacks since the start of pandemic lockdowns is alarming for a world of...
Insurers Must Totally Reassess Approach to ‘Grim’ Cyber Insurance Market: AM Best June 4, 2021 With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, “prospects for the U.S. cyber insurance market are grim,”...
The Really, Really Big One: The Likelihood of a 1-in-100 Year Cyber Catastrophe May 12, 2021 By Elizabeth Blosfield More than a year into what some have called a 1-in-100 year pandemic with COVID-19, many may be wondering what...