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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. The overall damages that insurance firms would probably have to cover reach over $80bn. SecurityAffairs – Mondelez, cyber insurance). Pierluigi Paganini.

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RSA Conference 2023: Meet Thales Where the World Talks Security!

Thales Cloud Protection & Licensing

Ransomware remains a hot topic, so don’t miss ‘Ransomware - Catch’em before they Wreak Havoc!’, Victor is also presenting with AWS in a session titled ‘Bring Control, Trust and Transparency to AWS’. presented by Steven Gautier , Principal Solutions Architect.

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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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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? The steady nature of ransomware attacks is a reminder that no company is immune. We can't (yet) stop ransomware. What we can do is limit the effectiveness and frequency of ransomware by increasing basic cyber awareness. By Jacqueline Jayne. Thank you." - L.M.,

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CyberheistNews Vol 13 #11 [Heads Up] Employees Are Feeding Sensitive Biz Data to ChatGPT, Raising Security Fears

KnowBe4

"In one case, an executive cut and pasted the firm's 2023 strategy document into ChatGPT and asked it to create a PowerPoint deck. In another case, a doctor input his patient's name and their medical condition and asked ChatGPT to craft a letter to the patient's insurance company. link] Let's stay safe out there.

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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.