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A Cyber Insurance Backstop

Schneier on Security

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017.

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THE TRANSFORMATION OF THE RUSSIAN MARKET

Info Source

The sanctions weaken Russia’s ability to finance the war and specifically target the political, military and economic elite responsible for the invasion. That is why areas such as food, agriculture, health and pharmaceuticals are excluded from the restrictive measures imposed. 291k units.

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The Week in Cyber Security and Data Privacy: 4 – 10 March 2024

IT Governance

billion in cyber crime losses in 2023 – a 22% increase on 2022’s figures. The Internet Crime Report 2023 also reports that four online crimes caused the most financial losses in the US last year: BEC (business email compromise), investment fraud, ransomware, and tech/customer support and government impersonation scams.