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Cyber Daily: Lloyd’s to Exclude Catastrophic Nation-Backed Cyberattacks From Insurance Coverage | Weekend Reading
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Good day. Lloyd’s of London Ltd. will require its insurer groups globally to exclude catastrophic state-backed hacks from stand-alone cyber insurance policies starting next year.
As of March 31, when coverage begins or is renewed, syndicates must exclude state-backed cyberattacks from policies that protect against physical and digital damage caused by hacks, WSJ Pro's James Rundle reports.
This is a pretty big deal. While exclusions for openly declared war are relatively straightforward, determining attribution for a nation-backed cyberattack is fraught with difficulty. Read the full story.
Plus more news, including:
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Tell Us What You Think
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WSJ Pro Cybersecurity is conducting a survey on key cyber challenges facing organizations, including talent, preparedness and third-party risk. The survey takes around 10 minutes to complete and the results will be shared in November. Click on the link above to participate. Thank you!
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CONTENT FROM OUR SPONSOR: Netscout
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White House Issues Cybersecurity Statement. Now What?
Local exploits can quickly become global attacks. As uncertainty around Ukraine amplifies the need for secure digital infrastructure, learn how you can ensure complete, incorruptible visibility.
Read More
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Pro-Russia hackers launched a denial-of-service attack on Estonian companies and government websites after Estonian officials said they plan to take down Soviet monuments. Estonia's chief information officer, Luukas Ilves, tweeted that the Killnet group was largely unsuccessful in knocking out the sites and government services weren't disrupted. (Public Technology)
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PHOTO: BRENT LEWIN
/BLOOMBERG NEWS
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Apple says update. Critical vulnerabilities in certain versions of Macs, iPads and iPhones could allow hackers to take control of the devices, Apple disclosed. Security updates are available.
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U.S. Extradited Russian Accused of Money-Laundering Tied to Ryuk Ransomware Gang
Denis Dubnikov, a 29-year-old Russian, was extradited this week from the Netherlands to the U.S. to face charges of laundering more than $400,000 in Ryuk proceeds, the Justice Department said. Mr. Dubnikov pleaded not guilty in federal court for the District of Oregon. He was then released from custody under several conditions, including monitoring of his computer activity, according to court documents. At least twelve more individuals are facing charges in the case. (WSJ Risk & Compliance Journal)
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Military rotation practices leave U.S. Cyber Command lacking staff. Forced retirements and personnel from military branches who do stints in the command for two to four years mean frequent disruptions. The command also receives some expertise on loan from the National Security Agency. (CyberScoop)
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Tread Lightly: As more employers mandate, or try to coax, workers back to the office, cybersecurity employees appear to be most unsatisfied when they have no choice in the matter, according to a survey from professional organization (ISC)2. Amid a worldwide cyber talent shortage, (ISC)2 advises companies to take seriously signs that valued staff members will quit if forced into cubicles.
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Google Workers Press Company to Stop Collecting Abortion Data
In a petition signed by more than 650 workers, employees also called on the company to remove search results for crisis pregnancy centers, which it said were misleading to those seeking abortions. Crisis pregnancy centers are typically nonprofits that counsel women against having abortions. A Google spokeswoman declined to comment on the petition. (WSJ)
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Weekend Reading (and Listening!)
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🎧 Listen: Protecting Satellites From Hackers
Cyber threats to the space sector are growing as the industry expands, and satellites in particular are vulnerable. WSJ Pro's Catherine Stupp joins host Zoe Thomas to discuss the call for international cybersecurity standards and why Germany could be a model for other nations.
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PHOTO: BLUECROSS BLUESHIELD OF TENNESSEE INC.
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PHOTO: KIM S. NASH/THE WALL STREET JOURNAL
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