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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. 11, 2001, terrorist attacks.

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Top Cybersecurity Startups to Watch in 2022

eSecurity Planet

Information security products , services, and professionals have never been in higher demand, making for a world of opportunities for cybersecurity startups. Investors recognize the potential too, as funding for cybersecurity ventures more than doubled from previous years to almost $22 billion in 2021. Abnormal Security.

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The Week in Cyber Security and Data Privacy: 4 – 10 March 2024

IT Governance

Source (New) Transport USA Yes 3,815 Okta Source 1 ; source 2 (Update) Cyber security USA Yes 3,800 Shah Dixit & Associates, P.C. Source (New) Finance USA Yes 3,494 Woodruff Sawyer Source (New) Insurance USA Yes 3,087 Blackburn College Source (New) Education USA Yes 3,039 CAIRE Inc. UniCredit fined €2.8

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NYDFS Imposes Fine of $5 Million on Carnival for Cybersecurity Breaches

Hunton Privacy

On June 24, 2022, the New York State Department of Financial Services (“NYDFS” or the “Department”) announced it had entered into a $5 million settlement with Carnival Corp. Since Carnival was licensed by the Department to sell insurance in NY State, it was treated as a covered entity under the Cybersecurity Regulation.

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Cybersecurity Management Lessons from Healthcare Woes

eSecurity Planet

Table of Contents Toggle Recent Healthcare Attacks & Breaches 5 Key Cybersecurity Management Lessons to Learn Bottom Line: Learn Healthcare’s Lessons Before Suffering Pain Recent Healthcare Attacks & Breaches Large breaches affected over 88 million individuals in the USA in 2023, a 60% increase from 2022.

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Security Affairs newsletter Round 469 by Pierluigi Paganini – INTERNATIONAL EDITION

Security Affairs

Every week the best security articles from Security Affairs are free for you in your email box. Companies and Government Agencies ArcaneDoor – New espionage-focused campaign found targeting perimeter network devices Israel Tried to Keep Sensitive Spy Tech Under Wraps.

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Feds Seize LockBit Ransomware Websites, Offer Decryption Tools, Troll Affiliates

Krebs on Security

The government says Russian national Artur Sungatov used LockBit ransomware against victims in manufacturing, logistics, insurance and other companies throughout the United States. This prompted several XSS members to start posting memes taunting the group about the security failure. Ivan Gennadievich Kondratyev , a.k.a.