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Security News Update for October 11, 2024

Microsoft Confirms MMC Bug Being Exploited – No Patch I could tell you to patch the bug but, for the 23rd time this year, the bug is being exploited in the wild and there is no patch. The bug, rated 7.8/10, is in the Microsoft Management Console tool and it was not among the 119 […]

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CrowdStrike Losses Not Covered By Insurance

In light of last week’s IT disaster, now would be a good time to review your cyber insurance policy. According to Parametrix, who does this for a living, just for US Fortune 500 companies, the cost from the CrowdStrike disaster is going to be more than $5 billion. In fairness, the Fortune 500 collectively have […]

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Security News for the Week Ending October 6, 2023

After Privacy Fail, Google Tries to Secure Bard Results Google created the ability to share Bard results, but, of course, accidentally, Google is indexing those results, so if you think what you are doing is private, it might not be – but only if you intentionally create a share link. Read details here. Credit: The […]

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Cyber Insurance Claims Increase in Severity and Frequency

Coalition Insurance, which is pretty aggressive in refusing to insure customers unless they have better than average security practices released their mid-year update on claims. Here is the summary: Overall claims frequency increased by 12% in the first half of 2023, however, Coalition customers experienced 64% fewer claims compared to the broader market, with 52% […]

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The Challenges of Cyber Insurance

Cyber insurance premiums are rising and coverage is being limited. Some organizations just can’t find insurance at all at an affordable price. Law firm Akin Gump says that some of their clients reported a 300% increase in premiums and carriers are pulling back coverage. The federal government is very concerned because critical infrastructure might not […]

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In the Wake of Breaches, Insurers Look to Rescind Policies

As loss payouts on cyber policies continue to increase, carriers are looking for ways to get out of paying. Since cyber insurance is a non-standard-form policy, you really have to read it carefully to understand whether you are complying. For example, in reviewing one client’s policy, we discovered that if the client did not perform […]

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