In 2024, Kovrr identified several cyber loss scenarios which all materialized, demonstrating the value of data-driven forecasting in managing cyber risks. Some of the major incidents were data breaches and ransomware attacks at companies such as UnitedHealth, Okta, Snowflake, and CrowdStrike. The report highlights risks such as business email compromise (BEC) scams and credential theft, and underscores the importance of tailored cyber risk quantification assessments in managing a company’s specific financial exposure levels.
Dispersed responsibility, lack of asset inventory is causing gaps in medical device cybersecurity
Witnesses at a House hearing on medical device cybersecurity highlighted the need for better tracking of devices and their vulnerability to cyber threats. They noted
