News & Insights in Cybersecurity, Insurance, and Risk Management; What You Might've Missed in July

If you're in the Insurance industry, July probably passed you in a whirlwind. If you're in the Cybersecurity industry...we know there's never a lack of action for you. So, let's dive into the highlights of this busy month without wasting another minute of your precious time!

?? Learn From Our Experts - Insights for Cyber Resilience:

• What We Look Forward to at Black Hat and DEFCON 2023 . Black Hat and Defcon are the world's premier cybersecurity events, bringing together security professionals worldwide to learn, share, and network. Learn more about why we're attending and what we're most excited about.
• Defending the Digital Frontlines: From Public to the Private Sector . Meet Andrew Bayers, United States Marine and Director of Threat Intelligence at Resilience, whose devotion to defending the country has evolved into a passion for safeguarding critical digital infrastructure.
• Sifting Through the Noise: Prioritized Threat Intel for Better ROI .?Your security team is drowning in threat intel alerts and needs to know where to start; we've got you covered. Discover how our refined approach ensures you receive only the most relevant and impactful insights.

?? Threat Intel - Stay Informed on The Latest Cyber Threats

TRENDING VULNERABILITIES

From a curated list of cyber sources over the past week.

• New critical and high-severity flaws patched in MOVEit Transfer (Source )
• Apple patches actively exploited zero-day in iPhones, iPads, and Macs (Source )
• Microsoft discloses six actively exploited zero-days in Patch Tuesday release (Source )

ONGOING CAMPAIGNS

A selection of current malware campaigns to inform defenses and threat hunts.

• Multiple Big Head ransomware variants identified (Source )
• Phishing campaign targets NATO Summit with RomCom RAT (Source )
• Suspected Chinese hackers exploit Windows policy to load malicious kernel drivers (Source )
• Researchers examine TTPs associated with malware distribution via OneNote files (Source )
• Blackmoon trojan delivers potentially unwanted programs for monetization ?(Source )

?? ICYMI - What's New in?Cybersecurity?and?Insurance:

Highlights in Cyber Insurance:

• Increased pressure from reinsurers to place cyber separately at renewals: Gallagher Re - Reinsurance News . According to Gallagher Re’s 1st View report, cyber insurance carriers continued to explore standalone cyber placements at the mid-year renewals in response to increasing pressure from reinsurers.
• Zurich adds cyber insurance offering for middle market businesses . Cyber Concierge product addresses middle market cyber resource gaps, offering both cyber insurance coverage and resilience services.
• Cyber insurers track privacy exposures . Increased privacy claims surrounding the collection and sharing of data by companies are reverberating through the cyber insurance sector as underwriters and policyholders take steps to stem losses.?
• Travelers Wants Out of Contract With Insured That Allegedly Misrepresented MFA Use . In what may be one of the first court filings of its kind, insurer Travelers is asking a district court for a ruling to rescind a policy because the insured allegedly misrepresented its use of multifactor authentication (MFA) – a condition to get cyber coverage.

Highlights in Cybersecurity:

• New York City begins enforcing restrictions on the use of artificial intelligence in employment decisions . Employers operating in New York City will need to review whether they are using technology that falls under the definition of AEDT for hiring and promotion decisions.
• How a midsize American business recovered from a ransomware attack in less than a day A family-owned Ohio business was hit by ransomware during a holiday weekend — and was able to get back up and running within a few hours. Here's how they did it.
• Teen hacked Uber, Revolut and Grand Theft Auto maker, London court hears . A teenage member of the Lapsus$ hacking group hacked Uber and fintech firm Revolut then blackmailed the developers of best-selling videogame Grand Theft Auto, prosecutors have told a London court.
• Safe Security Acquires RiskLens to Become CRQM Market Leader . The acquisition combines the FAIR Model & AI-driven Cyber Risk Quantification & Management, enabling customers to predict & prevent cybersecurity breaches.?
• FTC opens investigation into OpenAI over misleading statements . The U.S. Federal Trade Commission has opened an investigation into OpenAI, the maker of ChatGPT, on claims it has run afoul of consumer protection laws by putting personal reputations and data at risk, according to an FTC demand for information sent to the company.

That's it for now! Before you go...

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