Cyber insurance is a growing market, however, the industry lacks data on a potentially catastrophic cyber event, making it difficult to model and price. There is also no consensus on what could cause a catastrophic cyber event. A systemic cyber event is likely to result from an accident or unanticipated event rather than a planned attack, further complicating modelling. Increased transparency by the cyber community could aid in modelling this potential risk.

News – Kansas healthcare provider Sunflower Medical Group reports major data breach – TEISS
Kansas-based healthcare provider, Sunflower Medical Group, has reported a major data breach.