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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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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. This means having a comprehensive security strategy and focusing on preventative measures to reduce the risk of human error and investing in security technologies. By Jacqueline Jayne.

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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!’, Security teams must build quantum resilience today to protect their business from emerging risks. Victor is also presenting with AWS in a session titled ‘Bring Control, Trust and Transparency to AWS’.

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

KnowBe4

million workers at its client companies because of the risk of leaking confidential info, client data, source code, or regulated information to the LLM. "In In one case, an executive cut and pasted the firm's 2023 strategy document into ChatGPT and asked it to create a PowerPoint deck.

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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.