MGM Resorts said costs from a disruptive ransomware hack has exceeded $110 million, including $10 million in one-time consulting cleanup fees.
The post MGM Resorts Says Ransomware Hack Cost $110 Million appeared first on SecurityWeek.
If an organization decides to include cyberinsurance within its total cyber risk management posture, that cyberinsurance must be fully integrated with the organization’s cybersecurity posture.
The post The Reality of Cyberinsurance in 2023 appeared first on SecurityWeek.
The Royal United Services Institute (RUSI) examined the relationship between cyberinsurance and ransomware, and proposes greater reporting from victims to government, enforced through insurance policies.
The post UK Think Tank Proposes Greater Ransomware Reporting From Cyberinsurance to Government appeared first on SecurityWeek.
Resilience Cyber Insurance Solutions has raised $100 million through a Series D funding round to support global expansion of its cyber risk platform that was launched earlier this year.
The post Cyberinsurance Firm Resilience Raises $100 Million to Expand Its Cyber Risk Platform appeared first on SecurityWeek.
Forgepoint Capital makes another investment in the cyber-insurance sector with a $15 million Series A investment in Converge Insurance.
The post Forgepoint Capital Places $15M Series A Bet on Converge Insurance appeared first on SecurityWeek.
Forgepoint Capital makes another investment in the cyber-insurance sector with a $15 million Series A investment in Converge Insurance.
The post Forgepoint Capital Places $20M Series A Bet on Converge Insurance appeared first on SecurityWeek.
Court says insurers must pay Merck for losses related to the Russia-linked NotPetya cyberattack.
The post Court Rules in Favor of Merck in $1.4 Billion Insurance Claim Over NotPetya Cyberattack appeared first on SecurityWeek.
The purpose of a backstop would be to make cyberinsurance more widely available and affordable to the whole market – but it isn’t yet clear whether this can be achieved.
The post Cyberinsurance Backstop: Can the Industry Survive Without One? appeared first on SecurityWeek.
SecurityScorecard is offering free digital forensics and incident response (DFIR) services to customers that have scored an ‘A’ rating if they have been breached.
The post SecurityScorecard Guarantees Accuracy of Its Security Ratings appeared first on SecurityWeek.
SecurityWeek spoke to Chris Storer, head of the cyber center of excellence at reinsurance giant Munich Re, for the cyber insurers’ view of cyberinsurance.
The post Talking Cyberinsurance With Munich Re appeared first on SecurityWeek.
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