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.

North Korean Hackers Use Fake U.S. Companies to Spread Malware in Crypto Industry: Report
North Korean hackers reportedly set up shell companies in the US to penetrate the crypto sector and target developers via fake job offers, according to