Alice Uribe, Leslie Scism, and David Uberti report: Insurance for cyberattacks has been a booming business, but Russia’s invasion of Ukraine has insurers sweating about the possibility of big losses. They are rushing to plug a possible loophole that leaves them vulnerable. Sales of cyber insurance more than doubled last year to about $15 billion as companies…
Category: Commentaries and Analyses
Report: Recent 10x Increase in Cyberattacks on Ukraine
Brian Krebs reports: As their cities suffered more intense bombardment by Russian military forces this week, Ukrainian Internet users came under renewed cyberattacks, with one Internet company providing service there saying they blocked ten times the normal number of phishing and malware attacks targeting Ukrainians. Read more at KrebsOnSecurity.com
SEC Proposes Rules on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure by Public Companies
Washington D.C., March 9, 2022 — The Securities and Exchange Commission today proposed amendments to its rules to enhance and standardize disclosures regarding cybersecurity risk management, strategy, governance, and incident reporting by public companies. “Over the years, our disclosure regime has evolved to reflect evolving risks and investor needs,” said SEC Chair Gary Gensler. “Today,…
HHS Cybersecurity Update: Conti Ransomware Update
TLP: White Report: 202203101700 March 10, 2022 Conti Ransomware (Update) Executive Summary Conti is a ransomware group that has aggressively targeted healthcare organizations since it was first observed in 2019. Conti ransomware attacks have targeted the healthcare industry, major corporations, and government agencies, particularly those in North America. In typical Conti ransomware attacks, the…
U.S. Congress Passes Cyber Incident and Ransom Payment Reporting Requirement
Energy, financial services, food and agriculture, healthcare, information technology, defense industrial base, and other critical infrastructure entities in the United States will face new cyber incident reporting requirements as a result of the Cyber Incident Reporting for Critical Infrastructure Act of 2022 (the Act), enacted by the U.S. Congress on March 10, 2022. Read more…
Protenus releases the 2022 Breach Barometer report on health data breaches: More than 50 million affected
Protenus, a healthcare compliance analytics company, has released its annual Breach Barometer report. Protenus has been making its annual report on health data incidents freely available since 2016 as the result of an ongoing collaboration between the firm and DataBreaches.net. DataBreaches.net compiles incidents and provides some of their statistical analyses and is compensated for its…