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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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The Week in Cyber Security and Data Privacy: 4 – 10 December 2023

IT Governance

Source (New) Transport USA Yes 129,611 Tcman Source (New) Manufacturing Spain Yes 108 GB (179 files) Compass Group Italia Source (New) Hospitality Italy Yes 107 GB Pan-American Life Insurance Group, Inc. Incorporated Source (Update) Insurance USA Yes 7,361 Advantis Global, Inc. and Robert W. Baird & Co.

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Ransomware attacks break records in 2023: the number of victims rose by 128%

Security Affairs

Ransomware groups claimed that they successfully targeted 4191 victims in 2023, Cybernews researchers report. of attacks in 2023), while summer was the most active for ransomware attacks (30.4%). The top 10 groups, based on the number of victims, collectively account for 59% of the total victims in 2023.

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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

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List of Data Breaches and Cyber Attacks in 2023

IT Governance

With that out of the way, it’s time to move on to May 2023. MCNA Insurance MCNA Insurance, also known as MCNA Dental, was caught up in a cyber hacking incident last week, in which 112 covered entities were affected. Our research found 98 security incidents during the month, accounting for 98,226,877 breached records.

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Global Data Breaches and Cyber Attacks in December 2023 – 2,241,916,765 Records Breached

IT Governance

IT Governance’s research found the following for December 2023: 1,351 publicly disclosed security incidents. Both these figures are a significant increase on what we found for November 2023 : 470 incidents and 519,111,354 records – 187% and 332% increases respectively. In November 2023, this was 227 incidents (48%).

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Data Breaches and Cyber Attacks in October 2023 – 867,072,315 Records Breached

IT Governance

IT Governance’s research has discovered the following for October 2023: 114 publicly disclosed security incidents. Our monthly blogs will provide analysis of the data we’ve collected and we’ll continue to discuss the biggest breaches on our 2023 overview of publicly disclosed data breaches and cyber attacks.