Search for insurance help

Cyber Insurance Alert Regarding Apache Log4j Vulnerability

Business Insurance Cyber Insurance Small Business Insurance Technology Sector Insurance IT Consultants Insurance IT Services Insurance

A serious software weakness in Apache software is exposing billions of devices globally. Log4j is a software utility that has been integrated into countless apps and IT platforms.

Recently discovered security flaws are being exploited by cybercriminals to attack IT systems in Australia and elsewhere.

The Australian Cyber Security Centre (ACSC) have released an Advisory that recommends patching immediately. See ACSC Advisory 2021-007: 2021-007: Log4j vulnerability – advice and mitigations.

The situation is fluid and we are monitoring it closely. We encourage all clients to keep themselves updated on Log4j developments (a.k.a. Log4Shell or simply LogJam) and follow the advice of the ACSC.

We continue working with insureds and clients to understand the cyber exposure to their business. Should you require a new business or renewal quotation for Cyber insurance, please note that we will be asking additional questions to understand the Log4j position of your business.

Additionally, scammers are very active this time of year. ‘Tis the season to be cyber alert!

Check out ACCCs quiz designed to help you recognise, avoid and report scams. Safely find out how good you are at spotting a scam!

Being cyber safe is a matter of taking your time before responding to emails, SMS’s or unknown callers. If you’re unsure about anything, do your own research before you act.

cyber insurance cyber breach

General Advice Warning: This advice is general and does not take into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you and your personal circumstances. Before you make any decision about whether to acquire a certain product, you should obtain and read the relevant product disclosure statement.

All information above has been provided by the author.

Tudor Insurance Australia, ABN 19 876 513 568, AFSL 243299

This article originally appeared on Tudor Insurance Blog and has been published here with permission.