Beazley’s $45 Million Cybersecurity Bond: A Solution for First-Party & Third-Party Cyber Losses

Beazley, a leading specialist insurer, has recently launched a catastrophe bond for cybersecurity and ransomware breaches. This $45 million bond is designed to provide financial protection for organizations that suffer a significant cyber-attack resulting in a loss of $300 [...]

Beazley’s $45 Million Cybersecurity Bond: A Solution for First-Party & Third-Party Cyber Losses2023-01-19T14:08:36-08:00

Impact of Cyber Attacks on Water Infrastructure

We hear a lot about critical infrastructure and how important it is to secure it. But few categories of infrastructure are more critical to human existence than water and wastewater processing and transport systems. Next to the air we [...]

Impact of Cyber Attacks on Water Infrastructure2023-01-31T15:06:09-08:00

Why Ransomware Targets Education and Healthcare Sectors

Nowadays, tech and ransomware go hand in hand. Hackers look for two characteristics when they scope out their next target: first, an organization or individual with valuable information and assets; and second, someone who is fairly easy to attack. [...]

Why Ransomware Targets Education and Healthcare Sectors2022-12-16T17:41:34-08:00

U.S. Department of State’s $10M Bounty on Conti Ransomware

The U.S. Department of State announced last week that it is offering a $10,000,000 bounty for information on the identification or location of five highly ranked members of Wizard Spider, the Conti ransomware syndicate. Since the emergence of Conti in [...]

U.S. Department of State’s $10M Bounty on Conti Ransomware2022-12-15T00:57:47-08:00

OFAC Sanctions Cryptocurrency Mixer Tornado Cash

What is Tornado Cash? A virtual cryptocurrency mixer on the Ethereum blockchain, Tornado Cash was officially sanctioned by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on August 8th, 2022. The platform works to facilitate [...]

OFAC Sanctions Cryptocurrency Mixer Tornado Cash2022-09-09T18:43:16-07:00

The EPA Adds Cybersecurity Rules for Water Sector

As cyber attacks continue suppressing critical infrastructure sectors like water and wastewater systems, implementing proper cybersecurity practices is becoming more vital in protecting against highly disruptive cybersecurity incidents. According to the Environmental Protection Agency (EPA), these threats on process control [...]

The EPA Adds Cybersecurity Rules for Water Sector2022-12-15T00:58:31-08:00

Windows 11’s New Update Defends Against Compromised Credentials

Passwords protect our identity in the digital space, allowing for safe and secure interactions. Despite the strength and efficacy of any given sophisticated password, private data is at risk when credentials are compromised. To combat these online attacks, Microsoft is [...]

Windows 11’s New Update Defends Against Compromised Credentials2022-12-15T00:59:04-08:00

Cybersecurity Transformations Since the Russia/Ukraine Conflict

In the past few days since the Russia/Ukraine conflict, there have been some changes in the cybersecurity landscape. Below are some of my personal observations from our Ransomware Recovery business unit. I am curious if other incident response professionals, ransomware [...]

Cybersecurity Transformations Since the Russia/Ukraine Conflict2022-03-04T12:27:57-08:00

Ransomware Attack: Should I Contact the FBI and Law Enforcement?

If your company was hit with ransomware, you might be wondering if you should contact the FBI after a ransomware attack, or other law enforcement. The quick answer is mostly yes, but with important caveats to consider. Because of the [...]

Ransomware Attack: Should I Contact the FBI and Law Enforcement?2022-02-27T23:49:27-08:00

What to Expect from Your Cyber Breach Insurance Policy

The last two years have been a bloodshed for cyber breach insurers. From 2016 through 2019, the payouts on each dollar of cyber breach insurance billed ranged from $0.43 to $0.48. In other words, loss ratios were 43% to 48%. [...]

What to Expect from Your Cyber Breach Insurance Policy2022-10-18T23:09:06-07:00