Cyber events – Securitydive

SYSTEMIC CYBER INCIDENTS REQUIRE RISK MANGEMENT SECURITY POLICIES

admin1 month ago011 mins

In July, a software update from the cybersecurity firm CrowdStrike caused Microsoft Windows operating systems to crash. The US Government Accountability Office called this event “potentially the largest IT outage in history.” The broad-based impact generated by the incident heightens the need to develop an effective risk management process to combat systemic cyber risks. The CrowdStrike incident…

Insurers to see limited hit from CrowdStrike disruption, Fitch says

admin2 months ago2 months ago02 mins

The global insurance and reinsurance industry is likely to avoid any major financial impact from the outage sparked by CrowdStrike’s glitchy security software update that disrupted internet services worldwide last week, Fitch Ratings said. Preliminary estimates suggest that insured losses could be in the range of mid-to-high single-digit billion dollars and most claims would be…