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Jan1 Renewals:Market softens as reinsurers grow capital following strong returns, GC Report
Dean Klisura, President and CEO, Guy Carpenter Reinsurer return on...
Jan 1 Renewals: Asia Pacific rate reductions approaching 20% for non-loss impacted accounts, says Aon
Alfonso Valera, International CEO for Reinsurance Solutions at Aon,...
Without backup plans, global IT outages will happen again
“I’m sure the regulators globally are looking at this. There is limited competition globally for operating systems, for example, and also for the large-scale cybersecurity products like the ones CrowdStrike provides,” said Nigel Phair, a cybersecurity professor at...
Insurers face business interruption claims after global tech outage
"Some cyber insurance policies exclude non-malicious events, and there are waiting periods and deductibles that businesses will have to consider before making a claim with their insurance carriers," said Nir Perry, CEO at CyberWrite, a cyber insurance risk platform...
Microsoft says about 8.5 million of its devices affected by CrowdStrike-related outage
CrowdStrike has helped develop a scalable solution that will help Microsoft's Azure infrastructure accelerate a fix, Microsoft said, adding that the tech giant had worked with both Amazon Web Services and Google Cloud Platform to collaborate on the "most effective...
Microsoft outage: CrowdStrike explains what exactly went wrong
George Kurtz, CrowdStrike's CEO, said in a post on X that CrowdStrike had deployed a fix for the issue. "This is not a security incident or cyberattack," he wrote. However, it is not clear how easily the affected systems can be fixed remotely, as the "Blue Screen of...
US issues warning on Microsoft outage, Nadella says working to bring systems back online
“Threat actors continue to use the widespread IT outage for phishing and other malicious activity. CISA urges organisations to ensure they have robust cybersecurity measures to protect their users, assets, and data against this activity,” it said in a statement San...
Major global IT outage grounds flights, hits banks and businesses around the world
A global tech outage that appeared to be related to issues at cybersecurity firm CrowdStrike and Microsoft on Friday affected operations in sectors including airports, airlines, media and banks. Below is a list of disruptions that have been reported: AIRLINES,...
Global tech outage disrupts industries, highlights risks of interconnected world
A software update by global cybersecurity firm CrowdStrike appeared to have triggered systems problems that grounded flights, forced some broadcasters off air and left customers without access to services such as healthcare or banking A worldwide tech outage crippled...
Microsoft resolves cloud outage that led US airlines to ground flights
Microsoft said its outage started at about 6 pm ET on Thursday, with a subset of its customers experiencing issues with multiple Azure services in the Central US region. Azure is a cloud computing platform that provides services for building, deploying, and managing...
Russian cybersecurity firm Kaspersky Labs to wind down US operations
Kaspersky Labs will gradually wind down its U.S. operations from July 20, the Russian anti-virus software maker said on Monday, nearly a month after the Biden administration announced plans to bar sales of the company in the country. Kaspersky, which will eliminate...
FM Global unveils updated brand to reflect its growth and commitment to protecting client risk
“We believe that by uniting our businesses under the FM brand, we will streamline and strengthen our market position, which will allow us to provide an even better experience for our current clients and reach more organizations that share our belief that the majority...