In the wake of recent cyberattacks on multiple Las Vegas casinos, Guy Carpenter reports that ransomware is likely to continue to impact the gaming industry, leading to costlier and harder to secure cyber insurance coverage. Click here to watch video coverage on CNBC’s Last Call.
This article in Reinsurance News describes how Guy Carpenter’s Cyber Center of Excellence analysis sheds light on these incidents and their implications. One of the key takeaways from the analysis is the tenacity of ransomware groups, exemplified by ALPHV, a notorious operation known for its highly customizable malware and willingness to target large organizations.
This article in Business Insurance discusses how Guy Carpenter’s analysis shows that ransomware attacks on casino operators MGM Resorts International and Caesars Entertainment Inc. could lead to a more cautious approach on cyber insurance pricing and terms. The incidents may also be classified as 2 separate cyber catastrophe events, according to the analysis.
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