Progress Software, facing potential losses from a MOVEit ransomware campaign, aims to fully collect its $15 million cyber insurance policy. If successful, such a sizable payout may drive up premiums and tighten coverage requirements across the industry, potentially making policy renewals more challenging. Increases in cyber insurance costs and narrower coverage have already been noted, with 80% of firms reporting at least one claim over the past year.
Louis Vuitton says UK customer data stolen in cyber-attack – The Guardian
Summarize this content to a maximum of 60 words: Louis Vuitton says UK customer data stolen in cyber-attack The Guardian
