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Cyber Case Study: Change Healthcare Cyberattack

Cyber Case Study: Change Healthcare Cyberattack

In February 2024, hackers initiated a cyberattack against Change Healthcare, a leading health claims processing provider in North America that processes approximately 15 billion health care transactions annually. The attack created widespread disruption of health care claims, patient care and other technology-dependent services. It also resulted in significant recovery costs, operational interruption, reputational damage and […]
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The Value of Cyber Insurance

The Value of Cyber Insurance

As cyberattacks become more frequent and costly, it’s crucial for organizations to maximize their financial protection against related losses by purchasing sufficient insurance. Cyber coverage, also known as cyber liability insurance, can help organizations pay for a range of expenses that may result from cyber incidents—including (but not limited to) data breaches,ransomware attacks and phishing […]
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Reducing Reputational Risks With Cyber Incident Response Planning

Reducing Reputational Risks With Cyber Incident Response Planning

In recent years, cyber incidents have surged in both cost and frequency. That’s why it’s vital for businesses of all sizes and sectors to understand their digital exposures and take steps to minimize damages that may result from cyber incidents. In particular, businesses should consider their reputational risks. After all, the way a company responds […]
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CrowdStrike, the Most Important Cyber Accumulation Loss Event Since NotPetya, Highlights Single Points of Failure

CrowdStrike, the Most Important Cyber Accumulation Loss Event Since NotPetya, Highlights Single Points of Failure

In what is being called “the most important cyber accumulation loss event since NotPetya,” the July 19, 2024, global technology outage (CrowdStrike) will produce scores of insurance claims across a range of policies, test cyber policy wordings,and sharpen the industry’s focus on single points of failure. Caused by a flawed software update from cybersecurity firm […]
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Cyber Case Study: Colonial Pipeline Ransomware Attack

Cyber Case Study: Colonial Pipeline Ransomware Attack

In the spring of 2021, hackers initiated a ransomware attack against Colonial Pipeline—the largest refined oil products pipeline in the United States. This pipeline transports over 100 million gallons of fuel daily within a system extending from Houston, Texas, to Linden, New Jersey. This cyberattack created widespread disruption of U.S. fuel supplies along the East […]
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Navigating the Cyber Insurance Claims Process

Navigating the Cyber Insurance Claims Process

Cyber incidents—including data breaches, ransomware attacks and social engineering scams—have become increasingly prevalent over the past decade, impacting organizations of all sizes and industries. These incidents are only expected to become more damaging and devastating in the years ahead, making it difficult for organizations to recover. In fact, global cyber economy researcher and publisher Cybersecurity […]
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