Digital Insurance asked ChatGPT what areas insurance carriers should prioritize related to cybersecurity.

While ransomware group Alphv/Blackcat claims to have orchestrated the incident, title insurance company Fidelity National Financial has not yet stated whether confidential data was compromised.

Tim Francis, enterprise cyber lead at Travelers, spoke with Digital Insurance about cybersecurity and steps businesses can take to reduce potential exposures.

The top five states have an average of 417.59 cybersecurity-related searches per month per 100k residents.

The top five states have an average of 603.94 cybersecurity-related searches per month per 100k residents.

A cyberattack at 12 MGM Resorts became a textbook case for cyber liability insurance.

The transaction is expected to close early next year.

The cost of a data breach has risen 15% over the last 3 years, and ransomware costs have jumped 13% in the last year.

While only 48% of startups believe they are likely to face a data breach or ransomware attack, the actual number affected is much higher.

The insurer detected unusual activity in the network last week.

Consent and preference management systems, catching on with insurance carriers to leverage customer data for marketing, have the potential to balance that with privacy regulation compliance, according to a Madison Advisors report.

Understanding what factors lead insurers to deny claims can help businesses avoid problems that could undermine their coverage.

A recent report from credit rating agency Moody's found organizations have increased their spending on cybersecurity by 70% over just four years.

Artificial intelligence is providing insurers with the tools they need to accurately model cyberattack scenarios and develop more precise risk assessments.

The online attack that disrupted MGM Resorts International resorts and casinos across the country began with a social engineering breach of the company's information technology help desk, according to a cybersecurity executive familiar with the investigation.

The release of two malicious language models — WormGPT and FraudGPT — demonstrate attackers' evolving capability to harness language models for criminal activities.

Companies that don't use the technology on average pay $1.76 million more and take 108 days longer to respond to incidents than firms that utilize it.

In a data breach at OpenAI, some ChatGPT users were able to see other users' financial data. In other cases, users have invoked their dead grandmothers to access information that should have been sealed off.

Co-founders Anthony Marshi and Toby Hung recently secured $2 million in funding for a platform automating cyber insurance coverage focused on medium and large sized businesses.

In other news: Chewy expands pet insurance nationwide and Tokio Marine launches a market intelligence platform.