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US Treasury Warns of Cybersecurity Risks AI Poses to Financial Sector

SecureWorld News

Department of Treasury on March 27th released a report titled "Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector." The report highlights the growing concern around artificial intelligence (AI) and its potential to introduce new cybersecurity threats to the financial industry.

Risk 79
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Cyber-Liability Insurance 101: First Party Vs. Third Party Risks

Joseph Steinberg

First-party insurance, therefore, typically covers the costs of actions needed after a data breach, extortion, ransomware attack, or other hacker malfeasance. First-party insurers may also pay ransomware ransoms, for the costs of notifying customers of a data breach, and for lost business during incident-related downtime.

Insurance 141
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CyberSecurity Is Not Enough: Businesses Must Insure Against Cyber Losses

Joseph Steinberg

Not only are they not protected against their own losses, but many have zero liability protection in the event that they somehow become a hacker’s catalyst for inflicting cyber-damage on others. iBynd also has a first-of-its-kind Personal Cyber Insurance offering that it delivers directly to consumers through CyberInsurancePlus.com.

Insurance 363
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Top Cybersecurity Startups to Watch in 2022

eSecurity Planet

Abnormal Security applies artificial intelligence to catch suspicious identities, relationships, and context within email communications and can help organizations securely migrate from legacy to cloud infrastructure. Read more: Application Security is Key to Stopping Ransomware, Vendor Says. Cowbell Cyber.