Lloyd’s of London will require its insurer groups globally to exclude catastrophic state-backed hacks from stand-alone cyber insurance policies starting next year.

Observing the ongoing conflict between Russia and Ukraine, we can clearly see that cyberattacks leveraging malware are an important part of modern hybrid war strategy.

Money has been and remains the main motivator for cybercriminals. The most widespread techniques of monetizing cyberattacks include selling stolen databases, extortion (using ransomware) and carding. However, there is demand on the dark web not only for data obtained through an attack, but also for the data and services necessary to organize one (e.g., to perform specific steps of a multiphase attack)

The Russia-linked ransomware gang demanded $20 million in ransom — and the overthrow of Costa Rica's elected government. Where does that leave smaller, equally vulnerable nation states?