Cyber Market Rights Its Course on Profitability
Direct premiums written for the U.S. cyber insurance market rose 50% to $7.2 billion in 2022 as the “first hard market” set the industry back on a path to profitability, according to a new report from AM Best. The ratings agency reported this week that growth in the...
No Holidays for Hackers: Higher Revenue Losses for Non-weekday Cyber Events
Holiday and Weekend Ransomware Events Ransomware events that occur on holidays and weekends cause much higher revenue losses than cyber incidents occurring on weekdays—primarily due to lower staffing levels—according to a survey of over 1,200 cybersecurity...
Cybersecurity: Online Holiday Shopping
Protect your family while shopping on the internet. During the holiday season, it’s often easier to shop online to find gifts for your loved ones. But while online shopping can save you the trip to the store, it also comes with cybersecurity risks. Online...
Lessons From the Colonial Pipeline Breach
One of the nation’s largest pipelines was forced to shut down in early May 2021 after falling victim to a ransomware attack. The 5,500-mile pipeline is operated by Colonial Pipeline and carries refined gasoline and jet fuel from Texas to New York. This pipeline...