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How cyber insurers view the Ukraine situation

Insurers say clients might be overestimating the danger from tensions between Russia and Ukraine, underestimating the risk, and insufficiently clear on what their policies might provide in the event insurance becomes critically important.

Anna Lou Conditt

Jerry Bowles

Experts Call Colonial Pipeline Attack a Wake-Up Call, Say Bigger Attacks Could Be Ahead

Experts Call Colonial Pipeline Attack a Wake-Up Call, Say Bigger Attacks Could Be Ahead Cyber experts are saying that the Colonial Pipeline attack, in which ransomware took down 5,500 miles of critical infrastructure along one of the nation’s largest pipelines, should be a wake up call for all companies to prioritize their cyber hygiene. “This is everyday, every company, every nonprofit, every municipality,” says Catherine Lyle, head of claims at Coalition, on this week’s episode of the Insuring Cyber Podcast. “If you’re doing business, or you’re using the internet, or you have security and you use a computer, you’re one of them.”

As market for cyber insurance booms, watchdog calls for better data

The number of companies opting for cyber insurance has doubled in recent years, but costs may continue to rise as insurer payouts get bigger.