What Do K–12 IT Leaders Need to Know About Cyber Liability Insurance for School Districts?

Suzanne Smalley / CyberScoop:
Insurance giant Zurich’s $100M+ settlement to cover losses suffered by Mondelez International from NotPetya may reshape the entire cyber insurance marketplace  —  The settlement last week in a $100 million lawsuit over whether insurance giant Zurich should cover losses Mondelez International suffered …

Wall Street Journal:
Google’s Mandiant say it observed four instances of pro-Russian hacktivist groups publishing data within 24 hours of it being stolen by GRU using wiper malware  —  ‘We have never previously observed such a volume of cyberattacks, variety of threat actors, and coordination of effort …

More than 50 percent of organizations reported a third-party data breach in 2022, and more than 70 percent found third-party breaches or cyberattacks in 2022 resulted from giving too much privileged access to third parties. This is according to a recent survey of 632 people involved in managing third-party data and cyber risk for their organizations.
The resulting report, “The State of Cybersecurity and Third-Party Remote Access Risk,” reveals that many organizations are “not treating those external parties as the security risk they are.”
The report’s authors note that while organizations…

Jem Aswad / Variety:
YouTube says Music and Premium together have 80M+ paying subscribers, up from 50M in September 2021, and payments to creators and others reached $50B since 2019  —  It’s a dramatic leap, especially for a platform where so much can be had for free, and would seem to place YouTube …

Anne Steele / Wall Street Journal:
CEO Daniel Ek says US Spotify subscribers can expect price hikes in 2023, after recent increases by Apple and YouTube; Premium has cost $9.99/month since 2011  —  Audio streaming giant surpassed growth forecasts, increasing monthly active users by 20% to reach 456 million