Welcome to this week’s Weekly News roundup. Here we present the latest news and updates in the world of cybersecurity.
Cyber threats continue to evolve rapidly. A tiny leak could lead to a massive drain! Hence, while optimizing the use of technology, companies cannot discount the need to align cybersecurity with their business objectives.
“Securonix is committed to developing innovative solutions that identify and respond to advanced security threats while meeting the needs of scalability, cloud readiness, and operational efficiency,” said David Wagner, Vice President, Global MSSPs and Systems Integrators, Securonix.
Although “Acts of War” are often excluded from insurance policies, cyberwarfare typically exists in a different realm. Even though several insurers have declared cyber attacks by state-sponsored actors as acts of war, a recent court ruling found an insurer liable for losses stemming from the 2017 NotPetya malware attack against pharmaceutical giant Merck & Co. In the landmark decision, Merck & Co was awarded $1.4 billion by the New Jersey court.