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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

Risk 189
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Arrests in $400M SIM-Swap Tied to Heist at FTX?

Krebs on Security

” Colorado resident Emily “Em” Hernandez allegedly helped the group gain access to victim devices in service of SIM-swapping attacks between March 2021 and April 2023. 11, 2022 after they SIM-swapped an AT&T customer by impersonating them at a retail store using a fake ID. 2, 2024.

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The Week in Cyber Security and Data Privacy: 5 – 11 February 2024

IT Governance

GB City of Clemson, South Carolina Source New Public USA Yes 21,056 DGX-Dependable Hawaiian Express Source New Professional services USA Yes 20 GB Verdimed Source New Agricultural Spain Yes 19 GB Watchmax Source New Retail UK Yes 15,000 Del-Tron Precision Source New Manufacturing India Yes 8.9 GB Signature Performance, Inc.

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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. The changes are effective December 31, 2021.

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Regulatory Update: NAIC Summer 2022 National Meeting

Data Matters

The principle-based bond definition, initially exposed in May 2021, will be used for all securities in determining whether they qualify for reporting on Schedule D-1. 1. NAIC to Develop New Privacy Model Law. Within the bond definition, bonds are classified as an “issuer credit obligation” or an “asset backed security.”

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The Hacker Mind Podcast: The Internet As A Pen Test

ForAllSecure

Then 2020 2021 The first part of 2022 happened, ransomware went wild and so many of the cyber insurance companies they were reading were against the ropes and struggling because the payouts were written against what were initially rather loose policies. cyber insurance as a whole was changing heavily. It started off pretty easy to get.