Richard Fern’s Post

The CrowdStrike outage has caused interruption to businesses in all sectors around the world, with those in the travel, healthcare and financial services industries particularly affected. With planes grounded and global payment systems impacted, even short outages in these sectors can quickly give rise to significant losses. Aaron Le Marquer, Head of Policyholder Disputes, considers some of the key legal issues that are likely to arise in considering coverage of CrowdStrike-related losses under cyber insurance policies. Read more here: https://lnkd.in/edmYHeak #CrowdStrike #CrowdStrikeOutage #CyberPolicy #CyberSecurity

A very helpful summary from Aaron Le Marquer on the key legal issues that are likely to arise in considering coverage of CrowdStrike related losses under Cyber insurance policies. If it would be helpful to discuss, please get in touch. #crowdstrike #cyberinsurance #cybercoverage

Cyber BI coverage is far from standard, and many businesses will be wondering if they have coverage for losses caused by last week's CrowdStrike outage. In our latest article we consider some of the key coverage issues that policyholders will need to address in order to make a successful claim. #crowdstrike #businessinterruption #cyber #policyholders

Unfortunately, paying the ransom to a hacker is rarely the solution. Data shows that 78% of organizations who pay have repeat incidents from the same attacker. FBI and US-CERT jointly recommend seeking law enforcement and forensic professionals for guidance and support.  #BeSafe     ▶︎ https://lnkd.in/eDvb6c2F #Ransomware #CybersecurityAwareness #Security #ProtectFirst

🔑 Surprising fact: 48% of companies with insurance didn't purchase it until after an attack. Don't wait for a cyber incident to occur before securing protection for your business. Act now to safeguard your business's future. Contact us today! #CyberInsurance #SmallBusiness #RiskManagement #DataProtection #BusinessSecurity #CyberThreats #ProtectYourBusiness #FinancialSafety #CyberDefense #BusinessContinuity

🔑 Surprising fact: 48% of companies with insurance didn't purchase it until after an attack. Don't wait for a cyber incident to occur before securing protection for your business. Act now to safeguard your business's future. Contact us today! #CyberInsurance #SmallBusiness #RiskManagement #DataProtection #BusinessSecurity #CyberThreats #ProtectYourBusiness #FinancialSafety #CyberDefense #BusinessContinuity

🚨 A new study from Comparitech reveals a concerning trend: 18% of ransomware incidents in the US in 2023 have resulted in lawsuits, with 123 cases already filed. The financial implications for organizations are staggering, as data breaches remain the primary trigger for these legal actions. Over 283.3 million records were compromised, particularly impacting the healthcare and finance sectors. Read more: https://ow.ly/Mrs650Rw9vF This rise in legal challenges underscores the critical need for robust cybersecurity measures. Is your organization's data truly secure? Anomali's threat intelligence solutions help detect potential threats early, prevent breaches, and avoid costly legal fallouts. Don't wait until it's too late—secure your assets and safeguard your future. #CyberSecurity #DataProtection #RansomwareAwareness #HealthcareSecurity #Ransomware #DataBreach #LegalRisk

#Cybersecurity insurance firm At-Bay has published their annual InsurSec Rankings Report. Mimecast performed best among email security solutions for the second year in a row! On average, users with Mimecast experience 37% fewer incidents. This is the testimony of customer confidence why they choose Mimecast as their trusted vendor for Email Security. What else did At-Bay find? Learn more and download the full report here -

Ransomware is way too profitable. Don’t pay. Break the cycle of criminal enterprise with defense in depth security and a well tested response plan and playbook.

What trends are happening in cyber insurance claims? Coalition, Inc.'s 2024 Cyber Claims Report is here! Scroll through our report to learn about notable changes in ransomware, business email compromise, funds transfer fraud, and devices targeted by threat actors.