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Cyber Intelligence Newsletter 

 

October 2023

 

 

 

A newsletter dedicated to exploring the latest cyber trends, market updates and critical cyber risk & security considerations that are of the highest relevance to our clients and colleagues. Please reach out to your Alliant Cyber team for more information on any of the content in this newsletter, or to discuss any client cyber-related matters you have.

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October is Cybersecurity Awareness Month!

According to Cybersecurity Ventures, cybercrime costs are expected to grow 15 percent per year over the next five years, reaching $10.5 trillion USD annually by 2025. Cybersecurity Awareness is now a year-long undertaking. Alliant continues to help raise awareness about the importance of cybersecurity, ensuring all organizations have the resources they need to find The More Rewarding Way to Manage Risk.

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Featured Content from the Executive Liability Insights Newsletter:

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“SILENT CYBER” COVERAGE

CONTRACTUAL CLASS ACTION

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COURT RULING DEALS ANOTHER BLOW TO SO-CALLED “SILENT CYBER” COVERAGE

A federal judge ruled against a retailer in a lawsuit arising out of a data breach involving stolen payment card information, concluding that an exclusion for the theft of electronic data served to bar coverage under the retailer’s Commercial General Liability policies.

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CONTRACTUAL CLASS ACTION WAIVER HOLDS UP CLASS CERTIFICATION

The Fourth Circuit vacated a lower court’s order granting class certification in litigation stemming from a major hotel group’s 2018 data breach, affecting roughly 133 million customers, based on the failure to consider the effect of a class action waiver.

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Webinar

How Does Privilege Access Management Impact Your Insurability? The webinar will feature a discussion between cyber security and insurance industry specialists who will highlight the importance and practicality of implementing Privilege Access Management technology for both cyber insurability and overall cyber resilience. November 7, 2023 | 7:30AM PT / 10:30AM ET

Register Today!

Featured Cyber Content:

Ransomware Is Not Over: Lessons Learned From Recent Real-World Attacks

Ransomware Is Not Over: Lessons Learned From Recent Real-World Attacks

During Cybersecurity Awareness Month, it’s timely to reflect on some of the recent ransomware attacks that have occurred across industry sectors, including some very high-profile incidents.
Podcast: Cyber Incident Tabletop Exercises For Effective Risk Management

Podcast: Cyber Incident Tabletop Exercises For Effective Risk Management

CJ Dietzman and David Finz discuss the significance of cyber incident tabletop exercises and best practices for effective cyber risk management, including validating cyber readiness plans.
Podcast: How To Outsmart A Social Engineer

Podcast: How To Outsmart A Social Engineer

Cybercriminals aren't just master manipulators of technology. Some cybercriminals are masters of human manipulation. Steve Shappell and David Finz discuss the art of "Social engineering" and best practices for organizations.
Podcast: Analyzing Cyber Risks and Solutions with Crime and Fidelity

Podcast: Analyzing Cyber Risks and Solutions with Crime and Fidelity

Adam Pardi is joined by Mike Beranek, Berkeley Crime, to discuss the importance of crime and fidelity insurance considering ever-evolving threat of social engineering and cyber-crime.
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Alliant Cyber Podcasts

Our Alliant podcasters have a great lineup of topics that cover a range of issues, including ransomware, social engineering and cyber risk management. Never miss a cyber podcast by subscribing to the Alliant Insurance Podcasts wherever you listen to podcasts!

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