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 […]
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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 […]
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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” […]
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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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There are two types of companies – those who have been hacked and those that will be. – Former FBI Director Robert Mueller. Some people modified that quote to read – those who have been hacked and those that don’t know that they have been hacked. Which ever version of this saying that you prefer, […]
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When you renew or try to obtain cyber insurance, the questions have historically been pretty lame. But, in the face of large losses, insurance companies are STARTING to get serious. Here is a report from one company on what their insurance company asked at renewal time. This is from an actual application. How would you […]
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