Three insurance companies have publicly disclosed cyberattacks in the past week. Scattered Spider, an amorphous band of cybercriminals, has been actively targeting the sector.

Multiple U.S.-based companies in the insurance sector have already been hit over the past week and a half, according to Mandiant.

A pair of data breaches in late 2020 and early 2021 exposed driver’s license numbers of almost 200,000 people.

A new business insurance offering can shield CISOs from personal losses in the event of a lawsuit.

The scope of what insurers are covering is also narrowing as costs go up, said an association representative.

The figures published by Allianz represent the latest glimpse into how ransomware attacks are becoming exponentially more expensive.

"A couple folks have struggled with the idea that we're going to pat companies on the back for doing things they should already be doing," said one…

The administration expects to make "concrete announcements" about tackling root causes of cyberattacks, a senior official said.

The woes within the industry could mean significant ramifications for policyholders.

It's the third to announce a successful attack since March.