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.
Proposed HIPAA Amendments Will Close Healthcare Security Gaps
The U.S. Department of Health and Human Services plans to overhaul the Health Insurance Portability and Accountability Act (HIPAA) security rule to strengthen cybersecurity. Proposed
