by William A. Boeck | February 20, 2019 | Cyber Attack, Cyber Insurance
“What If They Gave a War and Nobody Came?” I’ve loved the naïve optimism in that question ever since I saw it on bumper stickers when I was a kid in the 1960s. Lately though I’ve been thinking that this delightful question ironically describes cyber warfare. In a...
by William A. Boeck | December 21, 2017 | Critical Infrastructure, Cyber Attack, Cyber Insurance, Industrial Control Systems
In early 2016 I wrote a post about the dangers of cyber attacks on critical infrastructure and the insurance available for the financial consequences of such attacks. At that time I mentioned that one of the greatest risks was the possibility of an attack on...
by William A. Boeck | October 23, 2017 | Cyber Attack, Cyber Insurance
It’s time for another post in my series about the basics of cyber policies (you can read earlier posts here, here, and here). This time I’m going to look at system security liability coverage. As the graphic below illustrates, security liability coverage is one of the...
by William A. Boeck | May 15, 2017 | Cyber Attack, Cyber Insurance, Ransomware
On May 12, 2017 computers around the world were hit with the largest ransomware attack ever. As of noon Central Time on May 15, 2017 the attack has hit over 200,000 computers in 150 countries. The map below shows the extent of the attack 24 hours after it was...
by William A. Boeck | October 16, 2016 | Critical Infrastructure, Cyber Attack, Healthcare, Internet of Things, Ransomware
It’s October, Halloween is coming, and it’s time for chilling stories. In a post earlier this year I talked about the growing threat of ransomware in hospitals. The attacks continue unabated. Ransomware that prevents access to data and computer systems is...
by William A. Boeck | April 13, 2016 | Cyber Attack, Cyber Insurance, Data Breach, International
The recent revelation that millions of documents were stolen from the Panamanian law firm of Mossack Fonseca has led to news stories about how the firm allegedly helped clients hide money and avoid taxation. Founding partner Ramon Fonseca has said that the theft was...
