Cyber insurance
Coverage of Cyber insurance in the Nexus archive.
- How ransomware syndicates weaponize corporate-style organization
The Black Basta ransomware group operated with a corporate-style structure, using organized teams, outsourcing tasks, and performance-based payments to extort victims. They targeted 520 victims across 39 industries, collecting $107 million in bitcoin, and employed tactics like phishing, malware, DDoS attacks, and data audits to maximize ransom demands.
- Cyber Insurance Rates Are Dropping, but Exclusions Widen
Cyber insurance rates are decreasing, but policy exclusions are expanding. Some policies now exclude coverage for social engineering attacks such as ClickFix.
- Focus on Cyber Insurance: How Quantifying Risk Is Reshaping Security
The article discusses how cyber insurance is prompting organizations to quantify risk, highlights what is and isn't covered by such policies, and argues that this trend is beneficial for advancing cybersecurity.