Lloyd’s of London has issued a bulletin indicating that its cyber insurance products will no longer cover the fallout of cyber attacks exchanged between nation-states. This definition extends to operations that have "major detrimental impact on the functioning of a state."
Cyber Security
Cyber criminals, state-sponsored hackers and even the occasional disgruntled employee are constantly looking to gain unauthorized access for a variety of purposes: theft of money, cyber espionage, personal information for sale or for use in scams, and damage to critical infrastructure for just a few of the most common.
So how does an organization mitigate an entire world full of continual cyber attacks? Just as buildings have a number of necessary elements of physical security: access control, cameras, alarms and so on; there are similar key elements of cyber security that are absolutely vital for just about any modern business.
It starts with identifying and closing the most common doors that attackers use. For example, phishing attacks on employees are far and away the most common initial point of entry. The breach of even a low-level employee account can quickly turn into an escalation in access privileges and the ability to reach sensitive information. This is also true of smart devices, which are generally more poorly secured than computers and phones.
The UK financial regulator found that cyber insurance firms "mostly" weathered the stress test, in the sense that only a small number reported concluding the scenario with an amount of funds on hand that would put them beneath national solvency capital requirements.
Manufacturers are introducing remote operations capacity for OT systems, allowing employees, contractors, and trusted third parties to operate on-site infrastructure from anywhere in the world. While the benefits are multifaceted, the risks to critical infrastructure are real.
Manila Bulletin, the largest English-language newspaper in the Philippines, says that a serious data breach of the country's Commission on Elections (Comelec) occurred. Comelec called it "fake news" and claimed that it never happened.
State Farm, the insurance giant with more than 83 million customers, was hit by a credential stuffing attack with unknown number of customer accounts compromised.





