With ransomware attacks seemingly at a fever pitch of late, the cyber insurance industry has come into stark focus as well, as some companies turn to their insurers to cover a ransom when attacked. But Cyber Research Analyst Jamie MacColl with the UK’s Royal United Services Institute (RUSI) tells us cyber insurance is more than just paying ransoms. He discusses his latest research paper, titled "Cyber Insurance and the Cyber Security Challenge," which examines the industry - including the positives and negatives of the current setup. He also tells us what could be done to improve it, from better collaboration, incentives for cyber secure clients, and better government guidance.

In headlines, we discuss another major ransomware attack, this one particularly widespread, as well as some Google Play apps that stole Facebook credentials, and why #infosecbikini was trending recently.

See the stories:

Up to 1,500 businesses affected by ransomware attack, U.S. firm's CEO says

https://www.reuters.com/technology/hackers-demand-70-million-liberate-data-held-by-companies-hit-mass-cyberattack-2021-07-05/

Google removes popular Android apps that stole Facebook passwords

https://finance.yahoo.com/news/google-removes-android-apps-stealing-facebook-passwords-192721252.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAGd4Ur2DMwqZlNX5MgSuYbyFBvK7IsagBsxZ5n11U53x8Gwx1-OzxxLiRRe5OkbLOI3BsmbWSbmVIDBzK2EbJVXRWpreJCUtdpoD4eh07OnCuKzjtoZ948npUAPG7OjzgfigwOsrZX1WSyoeAxmXlWEJhoX29UfPVyZ6HrzJ1YnF

Cybersecurity Workers Flood Twitter With Bikini Pics to Protest Harassment

https://www.vice.com/amp/en/article/7kvwgb/cybersecurity-workers-flood-twitter-with-bikini-pics-to-protest-harassment

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