Tags insurance

FBI turns to insurers to grasp the full reach of ransomware

by Jeff Stone • 3 days ago

If victims don't report ransomware attacks to the FBI, insurers might be the next best source of information.

Beazley: Ransomware claims more than doubled in the last year

by Jeff Stone • 1 week ago

These figures come as insurers continue to assess whether to pay the extortion fees that hackers impose on their clients.

AIG must cover client's $5.9 million in cyber-related losses, judge rules

by Jeff Stone • 2 months ago

AIG had cited multiple clauses in its policy to argue against paying, though the court ruled the tactic did not count as "bad faith."

Judge forces insurer to help small business to clean up after a crippling ransomware attack

by Jeff Stone • 2 months ago

The ruling adds some clarity to the otherwise murky world of cyber-related insurance claims.

AIG subsidiary tells court it's not responsible for Landry's legal costs in $20 million lawsuit filed after breach

by Jeff Stone • 4 months ago

The dispute comes amid a period of ongoing scrutiny over what kinds of breach-related costs are insured.

Norsk Hydro's cyber insurance has paid just a fraction of its breach-related losses so far

by Jeff Stone • 5 months ago

Payments are likely to continue as costs add up, the Norwegian company said in an earnings report.

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