White House Working on Cyber Insurance Policy for Catastrophes The White House is working on a policy proposal to stabilize the economy in case of a massive cyber incident. This would require help from Congress, of course, but it is certainly possible that we could have a cyber 9/11 that would require a federal bailout. […]
Continue reading → [DISPLAY_ACURAX_ICONS]Cyber Insurance Prices Trending Down After insurance rates soared between 2020 and 2022, prices went down a little bit (15 percent) in 2023 due to increased competition, better vetting on the part of insurance companies and better company cybersecurity practices. It will be interesting to see where this trend goes, but we will take this […]
Continue reading → [DISPLAY_ACURAX_ICONS]Businesses buy insurance and then they expect the insurance company to pay when they make a claim. Sometimes that happens but when it comes to cyber insurance, too often it does not. But, there are things you can do to improve your odds. First, make sure everyone understands all of the security requirements of your […]
Continue reading → [DISPLAY_ACURAX_ICONS]Starting in March 2023, Lloyd’s will REQUIRE all its agents to exclude liability for losses from state sponsored cyberattacks. The problem is defining what is a state sponsored attack. In a bulletin to its producers last week, Lloyd’s says that it remains strongly supportive of its agents writing cyber policies, it is concerned that the […]
Continue reading → [DISPLAY_ACURAX_ICONS]Defcon Hacker Hacks Deere Tractor to Play Doom The right to repair folks and some manufacturers have been at odds for years regarding right to repair. John Deere has really be anti-right. This year a researcher demoed hacking a tractor and getting it to play Doom on the main display. Credit: Hackread Monero Developers “Fork” […]
Continue reading → [DISPLAY_ACURAX_ICONS]Here is some data to consider: The US General Accounting Office (GAO) says the percentage of businesses buying cyber risk insurance jumped from 26% in 2016 to 47% in 2020. Here is why. Coalition insurance released some data from their claims history. Remote Desktop Protocol (RDP) continues to be a big problem according to Coalition […]
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