Ocean Harbor Insurance Group has successfully priced its debut catastrophe bond with the Oceanside Re Ltd. (Series 2025-1) issuance set to provide the targeted $75 million of collateralized multi-year catastrophe reinsurance for named storm and severe weather risks in the state of New York.Ocean Harbor entered the catastrophe bond market as a first time sponsor … Read more
A new phishing-as-a-service (PhaaS) kit known as “SessionShark” targets Microsoft Office 365 accounts and claims to enable multi-factor authentication (MFA) bypass while evading common detection methods, SlashNext reported in a blog post Thursday.SessionShark allegedly serves as an adversary-in-the-middle (AiTM) tool that intercepts login credentials and user session tokens, the latter of which can be used … Read more
The threat actor known as Paper Werewolf has been observed exclusively targeting Russian entities with a new implant called PowerModul. The activity, which took place between July and December 2024, singled out organizations in the mass media, telecommunications, construction, government entities, and energy sectors, Kaspersky said in a new report published Thursday. Paper Werewolf, also … Read more
Brown, Goldstein & Levy joined over 500 law firms in an amicus brief in support of Perkins Coie, which has filed a lawsuit challenging the President’s March 6 Executive Order “Addressing Risks from Perkins Coie LLP.” The Executive Order directs executive-branch officials to take numerous actions negatively targeting Perkins Coie and its personnel, including stripping … Read more
Trend Micro last week released its latest research that warned of a major new wave of attacks attempting to compromise home routers for use in IoT botnets. With the dawn of the internet of things (IoT), botnet developers have found a new domain to conquer, but there they must compete with one another to grow … Read more