article thumbnail

Cyber Insurance: Higher Premiums, Limited Coverage

Data Breach Today

GAO Report Summarizes Market Trends The increasing number of cyberthreats, especially ransomware attacks, is leading some cyber insurers to raise premiums and limit some coverage in hard-hit sectors, such as healthcare and education, according to a report from the Government Accountability Office.

Insurance 281
article thumbnail

ISMG Editors: The Shifting Cyber Insurance Landscape

Data Breach Today

Also: Global Privacy Trends; Tornado Cash Founders Charged In the latest weekly update, ISMG editors discuss the shifting dynamics of cyber insurance, why APAC is approaching privacy regulations around emerging technologies, and how U.S. authorities charged the co-founders of cryptocurrency mixer Tornado Cash with money laundering.

Insurance 246
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Group-IB and CryptoIns introduce the world’s first insurance against cyber threats for cryptocurrency exchanges

Security Affairs

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?

Insurance 237
article thumbnail

GUEST ESSAY: Cyber insurance 101 — for any business operating in today’s digital environment

The Last Watchdog

To help mitigate the risk of financial losses, more companies are turning to cyber insurance. Related: Bots attack business logic Cyber insurance, like other forms of business insurance, is a way for companies to transfer some of numerous potential liability hits associated specifically with IT infrastructure and IT activities.

Insurance 222
article thumbnail

Medical Debt Collection Firm R1 RCM Hit in Ransomware Attack

Krebs on Security

The “RCM” portion of its name refers to “revenue cycle management,” an industry which tracks profits throughout the life cycle of each patient, including patient registration, insurance and benefit verification, medical treatment documentation, and bill preparation and collection from patients.

article thumbnail

Crypto Bug Uncovers 'WannaCry 2.0' Clues

Data Breach Today

Also featured are cyber insurance trends and cybercrime innovation. The latest edition of the ISMG Security Report features an analysis of how a cryptocurrency exchange bug has revealed North Korean Monero laundering.

Insurance 278
article thumbnail

Health Data Breach Tally Crowded With Vendor Incidents

Data Breach Today

Business Associate Breaches Affect Millions Many of the major health data breaches added to the federal tally so far this year involve business associates, continuing a trend in recent years. The largest of those is an incident reported by a children's health and dental insurance plan provider involving a website hosting vendor.