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On 7 June 2021, US Authorities led by the Justice Department announced the recovery of USD 2.3 million of the USD 4.4 million ransom paid in Bitcoin to the hackers who caused the shutdown of the Colonial Oil Pipeline in May 2021.
Tik Tok: In 60 Seconds, 4 takeaways from the Colonial Pipeline Cyberattack that every company should know
On June 8, 2021, the CEO of the Colonial Pipeline Company, Joseph Blount, testified before the Senate Homeland Security and Governmental Affairs Committee about the ransomware cyberattack suffered by his company last month at the hands of the hacker group, the Dark Side. The attack caused the company to shut down its pipeline, which delivers approximately 45% of the East Coast's fuel supply.
The Court’s decision likely will have significant impact on coverage for BIPA litigation. Additionally, the Court’s reasoning in its decision may even influence other privacy coverage matters.
Sustainability in the Middle East - transitioning to a lower carbon economy by building smart cities?
Imagine a city where you land in the airport from your flight, walk through and be taken on a high-speed underground only a short ride from the city centre. The facial recognition software inbuilt into the system already knows where you’re going – so an auto-shuttle picks you up to take you to your hotel. No need to check-in – the hotel already knows it’s you and you can sign into the room. The city has no cars, no streets and no carbon emissions. Everything you need is within walking distance.
Kennedys has relocated its Manchester team to new premises in the city following further expansion in the team. Kennedys opened in Manchester in October 2008 with a team of 12 and in October 2016 the team moved to larger premises in The Tootal buildings.
The COVID-19 pandemic has driven us all towards more use of and reliance upon technology for reasons of remoteness from one another, and generating efficiency in tougher times. This upwards trend includes an increase in the number of businesses seeking to make better use of the data within their businesses via artificial intelligence technologies.
Ransomware attacks have become one of the biggest cyber threats to all organisations. In 2020 and 2021 there have been a spate of attacks targeting councils. The consequences can be catastrophic: systems down for days or sometimes weeks, scrambled files, and employees unable to carry out duties.
Cyber Sounds: Episode 4 - The global nature of cyber attacks with Laetitia Fouquet from Charles Taylor
In this episode we are joined by Laetitia Fouquet, Global Head of Cyber at Charles Taylor. The team discuss the global nature of cyber attacks, developments in marine cyber and its complexities, and play ‘Fine and Finest’.
For several years now, courts have wrestled with the issue of whether computer fraud coverage under a commercial crime policy covers business email compromise (BEC) attacks. An example; of a BECs is where an insured is emailed new payment instructions purportedly coming from a vendor, when in fact the email comes from a threat actor, thereby tricking the insured into wiring payment to a wrong account.
A roundup of recent global cyber-related developments, including the introduction of mandatory data breach notification requirements in Singapore, the digitisation of insured businesses and resulting risks to insurers, the Bermuda Cyber Underwriting Report, corporate forum shopping for favourable data protection laws and the New York launch of the Cyber Insurance Risk Framework.