Tag: Client Advisory
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Client Advisory: Cyberattack Forces Oil and Gas Services Provider Halliburton to Take Systems Offline
Latest example of threat actors targeting the oil & gas industry Halliburton stated it was hit by a cyberattack on August 21, 2024 when an unauthorized third party gained access to some of its systems. The top U.S. oilfield services firm is working with external advisers to assess and remediate the situation, the company said…
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Client Advisory: Addendum to SEC Rules from 2023
As a follow-up to our client advisory in early 2023 (please see below), the McGriff Executive Risk Advisory practice would like to share that the insurance market is now responding with coverage for clawbacks. After a lot of interaction with regulatory agencies and legal opinions on whether or not coverage can be provided, AIG was…
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Client Advisory: How the CrowdStrike Outage Illustrates the Value of Cyber Insurance
In July, 2024, a widespread tech outage affected businesses and organizations across the globe. The tech outage serves as a reminder to all organizations, no matter their security software, to maintain strong business continuity plans, and cyber insurance, to ensure resilience against system failures. What happened? An issue with CrowdStrike cybersecurity software caused an online…