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Cybersecurity Insurance Not Paying for NotPetya Losses

Schneier on Security

This will complicate things: To complicate matters, having cyber insurance might not cover everyone's losses. Zurich American Insurance Company refused to pay out a $100 million claim from Mondelez, saying that since the U.S.

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CyberheistNews Vol 13 #13 [Eye Opener] How to Outsmart Sneaky AI-Based Phishing Attacks

KnowBe4

CyberheistNews Vol 13 #13 | March 28th, 2023 [Eye Opener] How to Outsmart Sneaky AI-Based Phishing Attacks Users need to adapt to an evolving threat landscape in which attackers can use AI tools like ChatGPT to craft extremely convincing phishing emails, according to Matthew Tyson at CSO. "A Don't get caught in a phishing net!

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NEW TECH: DataLocker introduces encrypted flash drive — with key pad

The Last Watchdog

DataLocker honed its patented approach to manufacturing encrypted portable drives and landed some key military and government clients early on; the company has continued branching out ever since. So it’s easy to use for anybody; you don’t have to know how to do encryption. Park: Exactly. LW: Makes sense.

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Pentagon’s Warning on DNA Testing is Applicable to all Consumers

ARMA International

On December 23, Yahoo News [1] reported on a Department of Defense memo [2] warning military personnel that using direct-to-consumer (DTC) DNA testing could pose “personal and operational risks.” In other words, the Pentagon is concerned about hostile entities using such biometric data to better surveil and track the military.

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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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£60 million in recovery costs for Norsk Hydro after refusing ransom demand

IT Governance

The ransomware was accompanied by a note: “Your files are encrypted with the strongest military algorithms. Cyber security experts and governments urge victims to never pay the ransom. Another way to lessen the burden of recovering from a ransomware attack is to purchase cyber insurance. Teach your staff about ransomware.

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China: Navigating China episode 18: Increased scrutiny over connected car and automobile industry data from Chinese regulators, including push towards data localisation

DLA Piper Privacy Matters

China is a leading marketing for connected and autonomous vehicles, and use and analytics of connected vehicle data has been encouraged by Chinese Government support of big data and AI technology. valid contact information for the person/role responsible for handling data subject rights; express consent must be obtained.