Archives: Cyber Insurance

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Trump Budget Raises Questions about Approach to Cybersecurity

On Thursday, March 16, 2017, President Trump unveiled his “America First” budget blueprint.  One of the most important quandaries for those in the cybersecurity world is how the proposal to reorganize the executive branch to improve “the Federal Government’s effectiveness, efficiency, cybersecurity, and accountability” will impact our nation’s cyber defenses since overall spending in this … Continue Reading

Beazley Report Details Increase in Ransomware Attacks

A report issued last week by Beazley, one of the prominent insurance companies in the cyber field, revealed what industry experts predicted earlier in the year – ransomware is an increasingly prevalent menace.  That report is a reminder to everyone that there is no time like the present to review backup and incident response plans, … Continue Reading

Stick Up Your Hands! The Increasingly Common Form of Ransom, and the Insurance That Will Help You Recoup Some of Your Funds

It was recently revealed that the Hollywood Presbyterian Medical Center paid $17,000 in bitcoins as ransom to hackers who infiltrated and disabled its computer network.  This is not the first time hackers have held up a company, and one cybersecurity firm has called 2016 “the Year of Online Extortion.”  What makes this breach notable is … Continue Reading

New Federal Cybersecurity Agency

It’s official:  The federal government is creating the Cyber Threat Intelligence Integration Center (CTIIC), a new agency to monitor cybersecurity threats.  The agency will be modeled after the National Counterterrorism Center, which was launched after the September 11th attacks.  CTIIC’s mandate will be to connect the commonalities between various nationwide cyber threats and to integrate, … Continue Reading

The President’s Cybersecurity Proposals

In the wake of recent cyber attacks on U.S. companies, including the now famous Sony hack, President Obama has proposed new federal legislation that would presumably provide more security for confidential and private information of consumers that is and will be forevermore accessible from the very busy information superhighway. What does that mean for your … Continue Reading
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