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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. The 9/11 attacks cost insurers and reinsurers $47 billion.

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2019 end-of-year review part 1: January to June

IT Governance

California man Jay Brodsky brought a class-action suit against Apple , claiming that iPhone and Mac users are being forced into time-consuming two-factor authentication. This meant they weren’t encrypted, making them freely accessible to as many as 20,000 employees, most of whom had no legitimate reason to access the information.