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Zurich refuses to pay Mondelez for NotPetya damages because it’s ‘an act of war’

Security Affairs

Zurich American Insurance Company is refusing to refund its client because consider the attack as “an act of war” that is not covered by its policy. According to the cyber security community, NotPetya is a cyber weapon develped by Russia to hit the Ukrainian government. SecurityAffairs – Mondelez, cyber insurance).

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CyberheistNews Vol 13 #22 [Eye on Fraud] A Closer Look at the Massive 72% Spike in Financial Phishing Attacks

KnowBe4

link] Cyber Insurance: Is Paying a Ransom Counter-Productive? Mr. Hall encourages more consultation between the government and the small business community. The steady nature of ransomware attacks is a reminder that no company is immune. We can't (yet) stop ransomware. By Jacqueline Jayne.

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The Hacker Mind Podcast: The Internet As A Pen Test

ForAllSecure

Small to Medium Business are, today, the target of APTs and ransomware. Chris Gray of Deep Watch talks about the view from the inside of a virtual SOC, the ability to see threats against a large number of SMB organizations, and the changes to cyber insurance we’re seeing as a result. VAMOSI: Cybersecurity insurance.

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ROUNDTABLE: Experts react to President Biden’s exec order in the aftermath of Colonial Pipeline hack

The Last Watchdog

As wake up calls go, the Colonial Pipeline ransomware hack was piercing. This very high-profile caper is part of an extended surge of ransomware attacks, which quintupled globally between the first quarter of 2018 and the fourth quarter of 2020, and is expected to rise 20 percent to 40 percent this year, according to insurance giant Aon.