The insurer won’t pay for ‘acts of cyber-war’ or nation-state retaliation attacks.
Fallout from nation-state sponsored cyberattacks will no longer be covered under cyber-insurance policies issued by famed insurer Lloyd’s of London.
The insurance giant just released four new Cyber War and Cyber Operation Exclusion Clauses, outlining the new terms.
The company explained it will no longer cover losses resulting from “cyber-war,” which it defined as a cyber-operation carried out as part of a war, any retaliatory attacks between specified states, or a cyber-operation “that has a major detrimental impact on the functioning of a state.”
Countries specified in the exemption language are China, France, Japan, Russia, the U.K. and the U.S.
The insurer’s new definition of cyber-war leaves plenty of latitude for the insurer to refuse to pay.
Under the Lloyd’s of London explanation, they can also refuse to pay on nation-state-sponsored attacks on services essential for a state to function, like financial institutions, financial market infrastructure, health services and utilities, according to the exclusion documents.
Further, the attack doesn’t need official attribution to be excluded from the cyber-insurance policy. The exclusion documents outlined that pending any government attribution, the insurer can decide through “inference which is objectively reasonable” to attribute cyberattacks to state activities.
It added that it can also decide whether the attack is exempt from coverage without government attribution in the event the decision takes “an unreasonable amount of time, does not, or is unable to attribute the cyber-operation to another state or those acting on its behalf.”
Debates over the best response to an attack generally include a close look at the calculus of relying on cyber-insurance to just pay up for a ransomware hit so the company can move on to recovery, but if insurers continue to narrow their scope of coverage, that investment could shift.
In fact, researchers from Fox-IT, part of NCC group, just released data that showed whether a company carries cyber-insurance or not, attackers have already calculated how much a company can afford to pay in ransom, potentially attracting them to organizations with policies to achieve higher payouts.
On one hand, having cyber insurance means that you are protected in the case of a cyber attack. On the other hand, having cyber insurance could increase the likelihood that you are a target of a cyber attack due to the better likelihood your firm will payout on a ransomware demand. If it is known that your frim has a fairly comprehensive cyber insurance policy then the odds go up even more. Of course, no firms disclose their insurance policies, but the risk of data theft from your insurance provider is the key.
Cybercriminals generally know that companies represented by a cyber insurance company are more likely to pay a large ransomware demand than an uninsured business that doesn’t have the financial backing.
At BLAKFX, we provide data security products for firms, governments and organizations around the world. Personal and Business Data Security is at the very heart of what we are striving to achieve at BLAKFX. We all know that data theft and cyberattacks are a tangible threat to all of our collective well-being. Business and government simply cannot operate nor thrive if the threat of theft or exposure is omnipresent.
The new era of data security is one that requires new solutions. The era of perimeter defenses is over as it is proving impossible to keep hackers from breaching the perimeter and accessing data. Further E2E encryption based on old models of RSA cryptography will be obsolete when quantum computing becomes mainstream.
Helix22 delivers perfect security assurance due to our genius engineering team that has invented a new model for data security that required an innovative look at the problem. The approach we took was to protect the data itself. Almost all other data security products try to build a perimeter or being fanatic on user credentials. However, once the product is breached or a password is stolen, even if it is 2FA or encrypted, your firms data is in the clear.
You see, the Helix22 cryptography is embedded with the data itself through our inventive and patented process of DNA BindingTM. Therefore, even if credentials are stolen the data cannot be exfiltrated. This means that all data is 100% protected regardless of the type of attack. This holds true for customer and user data as well. No theft of user information is possible.
In Math We Trust
We can make this claim as the tech engineers at BLAKFX invented and patented a genuine device2device (D2D) encryption. We manage data security transmission through the truly brilliant and also patented universal Helix22 key service. The Helix22 encryption originates on your network or device, not just when the app is opened. This means, that when data arrives to our key server, it is already encrypted so all it needs to do is issue another key. Signal and Telegram cannot claim this level of security. This key will then only work with the intended device, which generates a matching key required to open the data. In this protocol, we are truly a “zero-knowledge” server so your communications and transmissions remain completely top secret. Even in the event that BLAKFX were subpoenaed, we can honor the request by just handing over the encrypted content…as that is literally all we have. Helix22 also only use keys just one-time and then destroys them. This way the data security is future forward prefect. Therefore, in our unique device-to-device (D2D) world, there is no opportunity at all for any data leak.
This same protocol just described, can be the same with all your 3rd party vendors and suppliers. It does not matter in the least what platform they are running or what device they are using or even the type of data, it is all 100% protected. We do however, strongly advise that all firms involved be utilizing Helix22 due to the nature of the data content. Helix22 can ensure that whatever data they are generating is protected as well.
Let’s take it a step further. Even if your organization were a victim of an internal attack or a victim of malicious open source downloads, there is no reason for concern. Any data that has been forwarded, downloaded, copied or saved cannot be exfiltrated. Period. We have the technology industries foremost data packets which are protected with multi-layered, military grade encryption algorithms that have already proven the ability to withstand penetration testing from MI5 and quantum computing attacks.
One final practical genius of DNA BindingTM is in that it is immediately compatible with whichever system or software you are utilizing. Therefore, any organization can forward information to another and then discuss it and there is immediate privacy.
The Helix22 data security SDK accomplishes the following:
- Protects all your firms data at rest, in use and in transit
- Renders ransomware threats obsolete
- Eliminates human error
- Eliminates all malicious or interior attacks
- Verifies original content i.e. minimizes the threat of impersonation attacks and deep fakes
- Reduces latency and optimizes 5G networks
- Installs with 5 lines of code
- Runs on any platform, network, device and in any programming language
- Provides perfect future/forward secrecy
- Delivers “zero-knowledge” encryption
- Compatible with all cloud, 3rd party and vendor services
- Enables Internet of Things data security by providing protection at the Edge and has ultra low latency
- Ensures privacy and security for blockchain and all cryptocurrency transactions
- Is quantum ready – so there’s no need to upgrade when the time comes
- Requires no employee training
- Exceeds all gov’t and banking security standards
- Meets all international compliance regulations
The BLAKFX Suite of Data Security Products
In addition to the fastest and most secure data protection product available in Helix22, we provide a full range of security products for an holistic approach.
We are on a mission to stop ransomware threats
Ransomware Auditing as a Service (RaaS): ransomware attacks have skyrocketed in the past year and currently represents the biggest threat to the data of government agencies, military, intelligence agencies as well as private enterprises. BLAKFX developed the first in the world Ransomware Auditing as a Service (RaaS) platform which allows our cyber security engineers to scan your network and simulate real-world ransomware attacks to determine the test the prevention, detection and mitigation strategies of your organization and establish how resilient your network is to real ransomware attacks. After the scan we provide a comprehensive report and our recommendations for remediation.
If you are the victim of an actual ransomware attack, we are able to recover the data that has been hi-jacked during the attack and due to Helix22’s DNA BindingTM cryptography, restore it to its original state.
DARKHYDRA3 – Auditing/Penetration Testing: we provide cyber auditing & penetration testing services in order to identify the gaps in your network, cloud, communications, network appliances, wireless networks, laptops, desktops & mobile devices, website, backup and 3rd party applications and services. Once we scan your systems, we provide a comprehensive report and our recommendations for remediation.
MSS & Insider Threat Prevention: BLAKFX has a national security level Secure Operations Center that can monitor your network (via our Managed Security Service) for threats & vulnerabilities as well as your employees via threat behavioral analysis techniques in order to stop threats (including insider threats) before they become a problem for your network, data and organization.
TSCM: many organizations and government agencies are aware of the threats posed by hacking surveillance and data theft but are not aware that Technical Surveillance Counter Measures and Electronic Security are an essential component of overall risk mitigation. BLAKFX’s access to the most sophisticated equipment, military and intelligence community level RF frequencies monitoring expertise is unique in the world.
Physical Security: we offer overall physical security services and designs for your buildings, data centers, cloud providers, airplanes, vehicles and personnel security. We provide full physical security planning, insider threat detection and prevention, physical security audits, certification, and security awareness training.
Global Governments: (restrictions apply) Click here to request information & quotes
*Katim Ultra Secure Smartphone: part of the BLAKFX’s suite of secure products, we are pleased to offer governments, law enforcement, intelligence agencies, military forces globally and enterprises, a fully user2user encrypted phone, with secure messenger, secure email, secure news, secure audio/video calling & secure conference calling.
Blacklight & CyAn – OSINT: the Collection Platform provides real time comprehensive view of collected intelligence from various sources. The system allows for more effective operation management by allowing the operators to control all available intelligence gathering tools from a single, unified dashboard. By allowing centralized control, alongside presentation of key intelligence and insights the overall operational effectiveness is significantly increased.
The Analytics Platform system fuses all field intelligence meta-data and cyber intelligence content, as well as other data sources, to highlight and identify suspicious activity, important events and analyze suspects’ relationships and communications. The system can provide in-depth operational understanding in near-real-time to the field operations teams.
Pre-Crime, Data Fusion and Big-Data Analysis: a full range of capacity for big data analytics. Analyze billions of events, merge data from heterogeneous sources, reveal weak signals and understand the digital behavior of a target are some of the numerous features of the Analytics Center. It’s composed of modules like Analytics, Profile, Relational and Predictive.
LLDDS: Low Level Defender Drone System consists of three essential elements, the first of which is our Ground Based Sensor Node (GBSN). The GBSN employs a very low power, high sensitivity FMCW radar system, functionally integrated with a complementary video/IR detection and confirmation system. The GBSN is controlled by AI and by either a single on-site operator or via remote operator control over our fully secure Command, Control and Communications (C3) SatComm-based network. The second element in the System is a medium endurance, low-level, missile-armed defender drone. This critical airborne asset will provide: persistent or on-demand zone protection including airborne patrol, target identification, target confirmation, and attack. This unmanned, very capable platform is the attack and deterrent end of the LLDD defense chain. It is continuously and closely monitored and controlled by AI and a Controller/Operator – in real-time – via the LLDD C3 SatComm Network. Our highly automated and minimally manned concept employs proven off-the-shelf, ground-based and airborne sensors and platforms combined with proprietary BLAKFX technology.
Note: Items marked with * are available for enterprises as well
BLAKFX is Based on Success
Our founders, Robert Statica PhD and Kara Coppa, also founded Wickr, which is used by the US military and has never been hacked since its inception in 2012. The Helix22 data security SDK is several generations enhanced since then. Dr. Statica also delivered the encryption for the world’s most secure phone, Katim.
Founder – Robert Statica PhD Founder – Kara Coppa Founder – Alex Maslov MS, MBA
Co-Founders of Wickr KatimTM Ultra Secure Smartphone
Finally, the Helix22 encryption is quantum computing ready so no need to redo all your data security methodologies in a couple of years when everything else becomes obsolete.
We like to refer to Helix22 as “22nd Century Data Security.”
Helix22 – Zero Risk