The scope of what insurers are covering is also narrowing as costs go up, said an association representative.| CyberScoop
The figures published by Allianz represent the latest glimpse into how ransomware attacks are becoming exponentially more expensive.| CyberScoop
A pair of data breaches in late 2020 and early 2021 exposed driver’s license numbers of almost 200,000 people.| CyberScoop
The woes within the industry could mean significant ramifications for policyholders.| CyberScoop
New Jersey-based Crum & Forster recently unveiled a policy specifically designed to shield CISOs from personal liability.| CyberScoop
"A couple folks have struggled with the idea that we're going to pat companies on the back for doing things they should already be doing," said one observer.| CyberScoop
Three insurance companies have publicly disclosed cyberattacks in the past week. Scattered Spider, an amorphous band of cybercriminals, has been actively targeting the sector.| CyberScoop
Multiple U.S.-based companies in the insurance sector have already been hit over the past week and a half, according to Mandiant.| CyberScoop