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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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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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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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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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Best Ransomware Removal and Recovery Services

eSecurity Planet

Get recommendations on how to protect against new threats. Free advice and consultation on options for data recovery and how to prevent further potential data loss. Digital forensics for insurance, medical, legal, and Fortune 500 companies. Incident report for law enforcement and insurance. Ontrack’s key services.

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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. Another way to lessen the burden of recovering from a ransomware attack is to purchase cyber insurance. If you teach your staff how to spot malicious emails, you can avoid all manner of threats, including ransomware.