The Black Swan, The Vicious Cycle, and the Crisis in Cyber Insurance
- Date:May 19, 2021
- Author(s):
- Alexander Franks
- Tracy Kitten
- Report Details: 6 pages, 1 graphics
- Research Topic(s):
- Cybersecurity
- Fraud & Security
- PAID CONTENT
- Download summary
Overview
The disruption caused by the Colonial Pipeline ransomware attack thrust the ransomware epidemic into the national spotlight. Policymakers, executives and consumers may be scrambling to understand how something like this could happen, but those in cybersecurity knew it was just a matter of time. 2021 has been marked by an unprecedented wave of increasingly sophisticated and widespread cyber-attacks across every industry. Ransomware is just one type we’ve seen increase and become more sophisticated.
Companies Mentioned: Aon PLC, AXA, BitSight, CNA Financial, Coalition, Colonial Pipeline, Microsoft, SolarWinds, Sophos, U.S. Cybersecurity and Infrastructure Security Agency, U.S. Federal Bureau of Investigation
Interested In This Report
Related content
Targeting TikTok: Rising Geopolitical Tension Should Put FIs on Guard
As a bipartisan group of legislators tries to put TikTok out of business in the United States over its China-based ownership and sketchy history of leveraging user data, U.S.-based...
Ransomware Negotiation Market Landscape 2022
Ransomware negotiation providers play a pivotal role in aiding financial institutions in their recovery of stolen and/or encrypted data and in conducting post-attack forensics to h...
2023 Cybersecurity Trends & Predictions
The annual cybersecurity trends will provide financial institutions a glimpse of what will be key trends in the following year.
Make informed decisions in a digital financial world