Tags cyber insurance

Two cyber insurance industry initiatives grapple with rise of ransomware

by Tim Starks • 4 weeks ago

CyberAcuView and the APCIA are two different answers to a phenomenon rocking the cyber insurance industry.

Insurer paid $65,000 to help a city unlock ransomware in 2018. A second hack was more expensive.

by Tim Starks • 2 months ago

The city of Azusa didn't disclose a payment in one incident, insurance paid up and now it's a victim again.

Cyber insurance premiums rise as ransomware, hacks continue, GAO finds

by Sean Lyngaas • 2 months ago

More than half of cyber insurers surveyed said premiums rose by 10 to 30% in late 2020.

Ransomware strikes AXA shortly after insurer announces it will stop covering extortion fees

by Tim Starks • 3 months ago

AXA joins CNA Insurance as a recent ransomware attack victim in the insurance industry.

Experts suggest French insurer AXA's plan to shun ransomware payouts will set a precedent

by Tim Starks • 3 months ago

AXA's decision was surprising only in how long it took to become an apparent industry first.

Top insurer CNA disconnects systems after cyberattack

by Tim Starks • 4 months ago

It could be a "nightmare scenario" for CNA and others if hackers get ahold of policyholder information.

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