SC Magazine

MAY 24, 2021

Data from at least one insurance broker tracked a near doubling of clients who were opting in for cyber-specific insurance from 26% in 2016 to 47% in 2020. Lyle said the same rush of companies to shift some of their financial risks around cybersecurity to insurance also likely contributed to those increases.

Cyber Insurance 94

Cyber Insurance Insurance Marketing Cyber Risk 94

CyberSecurity Insiders

APRIL 19, 2021

Hiscox Cyber Readiness Report 2021 states that most of the German firms are vulnerable to cyber attacks and are topping the list of the study group with a loss tally of $48 million. Researchers who conducted the survey concluded after gauging six key cyber security areas related to people, technology and processes.

Cyber Attacks 69

Cyber Attacks Cyber Insurance Insurance Cyber threats 69

Cytelligence

JANUARY 27, 2020

Unfortunately, the citizens of the country had to pay the ransom as the city had no cyber insurance. Having cyber insurance meant the city only had to pay a small fee to get their systems back up and running. Ransomware in 2020 . Ransomware will continue to be the growth driver in cyber-crime.

Ransomware 53

Ransomware Cyber Insurance Insurance Encryption 53

CyberSecurity Insiders

MAY 26, 2021

A team of experts from the cyber arm of Congress is busy studying the costs involved when the critical infrastructure is targeted by cyber attacks.

Insurance 78

Insurance Risk Cyber Insurance Cyber Attacks 78

SecureWorld News

NOVEMBER 12, 2020

Sometimes when you are down in the cyber attack trees defending your organization, it can be tough to see the cyber threat forest. And now we have brand new research coming from the EU which unpacks the top cyber threats as they stand now. What are the top cyber threats right now? Trends in Malware attacks.

Cyber threats 109

Cyber threats Insurance Cyber Insurance Ransomware 109

eSecurity Planet

OCTOBER 18, 2021

” Nicko died nine months later, on April 16, 2020. ” Cyber Insurance No Longer Reliable. ” Cyber Insurance No Longer Reliable. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. Ransomware Liability.

Ransomware 104

Ransomware Cyber Insurance Insurance Digital transformation 104

Security Boulevard

JUNE 8, 2021

It’s important to remember, however, as we slowly transition back into some semblance of normality, that there will be new challenges to face in all facets of life, and the Cyber Security sector is no exception. Human error is still the number one cause of cyber attack and home working could make this even more prominent.

Cyber Insurance 105

Cyber Insurance Cyber Attacks Cyber threats Insurance 105

Malwarebytes

JULY 10, 2022

Without cyber insurance , you can expect to pay a dizzying amount of cash. In 2022 alone, the average cost of a data breach for businesses under 1,000 employees was close to $3 million—and these costs are coming from activities that cyber insurers typically cover, such as detecting and responding to the breach.

Cyber Insurance 83

Cyber Insurance Insurance Data breaches Phishing 83

SecureWorld News

DECEMBER 2, 2020

The only way around the publishing of the data is to pay the attackers. "We We carry insurance, including cyber insurance, which we believe to be commensurate with our size and the nature of our operations. Which of the ransomware gangs or groups hit K12 Inc and its network in this cyber attack?

Cyber Insurance 53

Cyber Insurance Insurance Ransomware Backups 53

SecureList

NOVEMBER 9, 2022

Given the continued surge of ransomware attacks, which soared 288% in the first half of 2022 alone, the need for cyber insurance will be a bigger priority, especially in the SMB market. Yet, in addition to cyber insurance, companies will need a designated DR or RR (Rolling Recovery) plan.

Cybersecurity 126

Cybersecurity Cyber Insurance Cybercrime IoT 126

SecureWorld News

AUGUST 11, 2020

One Colorado city's response to a ransomware attack caused us to ask a serious question: how much taxpayer money is being handed over to cybercriminals in the form of ransom? Ransomware attack on Colorado city. It is the victim of a 'triple threat' cyber attack, and the hackers requested a 42 Bitcoin ransom.

Ransomware 71

Ransomware Cyber Insurance Insurance Scams 71

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

Double extortion ransomware is a growing type of cyber-attack in which a victim’s sensitive data is first stolen, and then encrypted, giving the criminal the option of demanding two separate ransom payments. As part of double extortion attacks, tactics often include the threat of DDoS attacks.

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

Cytelligence

FEBRUARY 4, 2020

FOR IMMEDIATE RELEASE: FEBRUARY 4, 2020. AON ACQUIRES CYTELLIGENCE, A LEADING INTERNATIONAL CYBER SECURITY FIRM WITH DEEP EXPERTISE IN CYBER INCIDENT RESPONSE AND DIGITAL FORENSIC INVESTIGATIONS. ? Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025.

Penetration Testing 45

Penetration Testing Insurance Data preservation Cyber Insurance 45

eSecurity Planet

FEBRUARY 16, 2021

A ransomware attack is about as bad as a cyber attack can get. It can shut down your business – in the case of healthcare organizations that can be life-threatening for patients – damage your reputation with customers and employees, and invite further attacks as cybercriminals view your organization as an easy mark.

Ransomware 97

Ransomware Backups Software Encryption 97

ForAllSecure

MAY 17, 2023

Chris Gray of Deep Watch talks about the view from the inside of a virtual SOC, the ability to see threats against a large number of SMB organizations, and the changes to cyber insurance we’re seeing as a result. cyber insurance as a whole was changing heavily. And why is that? It started off pretty easy to get.

Internet 40

Internet Internet Insurance Cyber Insurance 40

Security Affairs

FEBRUARY 8, 2024

26 key cyber security stats for 2024 that every user should know, from rising cyber crime rates to the impact of AI technolog y. Cyber Crime Surge: During COVID-19 , cyber crimes shot up by 600%, showing how threats adapt to global changes. Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches.

Social Engineering 125

Social Engineering Cyber Insurance Cyber Attacks IoT 125

Malwarebytes

SEPTEMBER 14, 2022

Now more than ever, threat actors are trying to attack company networks. In fact, there were 50% more attack attempts per week on corporate networks globally in 2021 than in 2020. 5 technologies that help prevent cyber attacks for SMBs (ranked in order of importance). Bonus: Cyber insurance.

Technology 63

Technology DNS Cyber Insurance Insurance 63

The Last Watchdog

SEPTEMBER 20, 2019

However, at this moment in history, two particularly worrisome types of cyber attacks are cycling up and hitting local government entities hard: ransomware sieges and election tampering. Related: Free tools that can help protect elections I had a deep discussion about this with Todd Weller, chief strategy officer at Bandura Cyber.

Ransomware 153

Ransomware Government Firewall Cyber Insurance 153

eSecurity Planet

JANUARY 11, 2022

Series A Cado Security 2020 London, UK 26 $11.5 Series B Wiz 2020 Tel Aviv, Israel 186 $230.0 Most traditional tools used for investigating cyber attacks cannot assess potential impacts on these environments. Startup Est Headquarters Staff Funding Funding Type DoControl 2020 New York, NY 37 $13.4 Cowbell Cyber.

Cybersecurity 142

Cybersecurity Threat Detection Artificial Intelligence Risk 142

eSecurity Planet

JUNE 1, 2021

” Lookout data indicates that about 15 percent of financial services employees encountered a mobile phishing attempt each quarter in 2020. ” Further reading: Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs. Attacks Continue. Awareness, Training are Key. Nation-State Interests.

Phishing 70

Phishing Mobile Government Cybersecurity 70

eSecurity Planet

APRIL 26, 2022

Company Sector Year Status Isovalent Cloud security 2020 Private Illumio Cloud security 2015 Private SignalFx Monitoring 2015 Acquired: Splunk CipherCloud Cloud security 2012 Acquired: Lookout Lookout Mobile security 2011 Private. a16z Investments. ForgePoint Investments. Insight Investments. Kleiner Perkins Investments. LVP Investments.

Cybersecurity 128

Cybersecurity Technology Marketing Healthcare 128