News August 30, 2024

Warren Buffett’s warning highlights growing risk of cyber insurance losses

3 min read - The United States cyber insurance industry continues to see strong profits, according to Fitch Ratings. Average premium increases, meanwhile, have moderated over the last three years: While 2021 saw a 34% jump in premium pricing and costs rose 15% in…

Risk Management March 28, 2024

How will the Merck settlement affect the insurance industry?

3 min read - A major shift in how cyber insurance works started with an attack on the pharmaceutical giant Merck. Or did it start somewhere else? In June 2017, the NotPetya incident hit some 40,000 Merck computers, destroying data and forcing a months-long…

Risk Management August 3, 2023

Was the digital transformation worth it, security-wise?

4 min read - Not long ago, the corporate world was enthralled with the promise of digital transformation. But in the midst of the digital revolution, people were paying less attention to security than they probably should have. The business advantages of digital transformation…

Intelligence & Analytics March 30, 2023

2022 industry threat recap: Finance and insurance

5 min read - The finance and insurance sector proved a top target for cybersecurity threats in 2022. The IBM Security X-Force Threat Intelligence Index 2023 found this sector ranked as the second most attacked, with 18.9% of X-Force incident response cases. If, as…