Viewpoint: Scrutiny Undermines Argument that Cyber Insurance Encourages Ransomware October 9, 2019 By Matthew McCabe As the cyber insurance market continues to grow, it’s only natural to discuss its place in the battle against cyber-attacks,...
Survey Suggests Ransomware Broadening Perceptions of Cyber Risks October 4, 2019 By Jim Sams Corporate risk managers are increasingly focusing on protecting their enterprises from business interruption after a series of ransomware attacks on...
An Insurance Insider’s View of Municipal Ransomware Claims September 5, 2019 By Andrew G. Simpson The ransomware attacks on public entities in Texas, Florida, Maryland, Georgia and elsewhere this year have raised questions not only...
Ransomware Attack Hits More than 20 Texas Local Governments August 23, 2019 By Kathleen Foody and Jake Bleiberg DALLAS — More than 20 local governments in Texas were targeted in a coordinated ransomware attack of unprecedented size on...
U.S. Cyber Agency Says Reducing Risks From China Top Priority August 23, 2019 By William Turton A newly created U.S. cybersecurity agency said Thursday that China represents the greatest strategic risk to the U.S., and as...
Business News: Phyn, Envista Forensics, GuideOne and Stategos August 22, 2019 Phyn Retailing Smart Water-Leak Detector Phyn announced the release of a water-leak detector that sends alerts to consumer’s smart phones,...
Cyber Risks to Exceed Natural Disasters for Insurers: Scor CEO May 13, 2019 By Helene Fouquet and William Horobin Cyber risks will soon become bigger risks than natural catastrophes for the insurance sector, Scor Chairman and Chief Executive Officer...
RIMS Speakers Offer Guidance on Preparing for Disaster April 30, 2019 By Jim Sams BOSTON — Preparing for the unthinkable requires a lot thought. Risk management professionals on Monday cautioned audiences of the myriad...
FBI Reports Cybercrime Losses Nearly Doubled in 2018 April 25, 2019 By Jim Sams The amount of reported losses from cyber crime nearly doubled in 2018 to $2.7 billion, with almost half of that...
Ransom Demands Increasing as More Virulent Viruses Emerge April 16, 2019 By Jim Sams The average ransom paid to cyber criminals nearly doubled to $12,762 per incident in the first quarter of 2019, compared...