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Cyber Insurance Claims Increased by 12% in First Half of 2023, Attacks More Frequent and Severe Than Ever

KnowBe4

The latest cyber claims report from Coalition , a digital risk insurance provider, finds a 12% increase in cyber insurance claims in the first half of 2023 over the second half of 2022, due to surging attack frequency and severity.

Insurance 101
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Cyber-insurance – 72 hours for the insured party to file a criminal complaint: GDPR’s false friend

Data Protection Report

2] In this context, the Directorate General of the French Treasury has put forward a plan of action with a view to clarifying the cyber-insurance legal framework, better gauging cyber-risks, and enhancing companies’ awareness as regards cyber-risks. 12-10-1 into the French Insurance code. However, in the end, Article L.12-10-1

Insurance 105
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Regulatory Update: NAIC Summer 2022 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. The Privacy Working Group expects to expose an initial draft of the white paper in advance of the Fall 2022 Meeting. 1. NAIC to Develop New Privacy Model Law. 26R — Bonds (SSAP No.

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Data Protection in Financial Services Week 2022

Data Matters

12:30 p.m. Join us from February 28 – March 3 for DPFS Week 2022 , a series of webinars looking at the impacts of data privacy across the financial sector. Join us from February 28 – March 3 for DPFS Week 2022 , a series of webinars looking at the impacts of data privacy across the financial sector. – 5:30 p.m.

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As of May 2024, Black Basta ransomware affiliates hacked over 500 organizations worldwide

Security Affairs

Black Basta ransomware affiliates have breached over 500 organizations between April 2022 and May 2024, FBI and CISA reported. Black Basta has targeted at least 12 critical infrastructure sectors, including Healthcare and Public Health. “Black Basta is a ransomware-as-a-service (RaaS) variant, first identified in April 2022.

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Feds Charge NY Man as BreachForums Boss “Pompompurin”

Krebs on Security

The forum’s administrator “ Pompompurin ” has been a thorn in the side of the FBI for years, and BreachForums is widely considered a reincarnation of RaidForums , a remarkably similar crime forum that the FBI infiltrated and dismantled in 2022. Image: News 12 Westchester. In April 2022, U.S.

Sales 318
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Australian government announced sanctions for Medibank hacker

Security Affairs

The Australian government announced sanctions for a member of the REvil ransomware group for the Medibank hack that occurred in 2022. The man is responsible for the cyber attacks that in 2022 hit the Australian insurance provider Medibank. “ In November 2022, Medibank announced that personal data belonging to around 9.7M