UK Think Tank Proposes Greater Ransomware Reporting From Cyberinsurance to Government

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 Ransomwa… Continue reading UK Think Tank Proposes Greater Ransomware Reporting From Cyberinsurance to Government

Smashing Security podcast #321: Eurovision, acts of war, and Twitter circles

Twitter shares explicit photos without users’ permission, one US company can look forward to a $1.4 billion payout seven years after an infamous cyberattack, and how might hackers target Eurovision?

All this and much much more is discussed in the la… Continue reading Smashing Security podcast #321: Eurovision, acts of war, and Twitter circles

Court Rules in Favor of Merck in $1.4 Billion Insurance Claim Over NotPetya Cyberattack

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.
Continue reading Court Rules in Favor of Merck in $1.4 Billion Insurance Claim Over NotPetya Cyberattack

Cyberinsurance Backstop: Can the Industry Survive Without One?

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 f… Continue reading Cyberinsurance Backstop: Can the Industry Survive Without One?

HardBit ransomware tells corporate victims to share their cyber insurance details

A ransomware outfit is advising its victims to secretly tell them how much insurance they have, so their extortion demands will be met.

Read more in my article on the Tripwire State of Security blog. Continue reading HardBit ransomware tells corporate victims to share their cyber insurance details