Security Affairs

FEBRUARY 28, 2024

Pharmaceutical giant Cencora suffered a cyber attack and threat actors stole data from its infrastructure. Pharmaceutical giant Cencora disclosed a data breach after it was the victim of a cyberattack. healthcare organizations of targeted attacks conducted by ALPHV/Blackcat ransomware attacks.

Data breaches 89

Data breaches Healthcare Insurance Ransomware 89

The Hacker News

NOVEMBER 9, 2022

The rise in the costs of data breaches, ransomware, and other cyber attacks leads to rising cyber insurance premiums and more limited cyber insurance coverage. This cyber insurance situation increases risks for organizations struggling to find coverage or facing steep increases.

Cyber Insurance 73

Cyber Insurance Insurance Data breaches Cyber Attacks 73

Security Boulevard

MAY 11, 2022

Cyber-attacks are becoming more sophisticated and devastating, especially for small and medium enterprises (SMEs). With ransom demands rising and the cost of data breaches soaring, businesses are investing heavily in building their cyber defenses. However, cybersecurity is not bullet-proof.

Cyber Risk 52

Cyber Risk Insurance Authentication Risk 52

Cytelligence

OCTOBER 18, 2023

Cyber threats have become a significant concern for businesses of all sizes. The cost of cyber attacks, including financial losses, reputational damage, and legal consequences, can be staggering. To mitigate these risks, businesses often invest in cyber insurance. This is where CYPFER comes in.

Cyber Insurance 64

Cyber Insurance Insurance Passwords Cyber Attacks 64

CyberSecurity Insiders

JUNE 5, 2023

MOVEit produced by Progress Software is taking all precautions to mitigate the risks associat-ed with the incident and has informed the staff of Zellis on how to neutralize the effects of the cyber-attack. CLOP Ransomware hasn’t reacted to the news yet, nor did it publish any stolen details onto the dark web.

Data breaches 122

Data breaches Cybersecurity Insurance Ransomware 122

Malwarebytes

JULY 10, 2022

So, your business has just suffered a data breach and it’s time to dig deep in your pockets to pay all the resulting expenses. Without cyber insurance , you can expect to pay a dizzying amount of cash. Here are four ways your business can save money on its insurance. How is cyber insurance priced?

Cyber Insurance 89

Cyber Insurance Insurance Data breaches Phishing 89

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. As cyber criminals mature and advance their tactics, small and medium businesses become the most vulnerable because they lack the capacity – staff, technology, budget - to build strong cyber defenses. The necessity for cyber-insurance coverage.

Cyber Insurance 77

Cyber Insurance Insurance Cyber Risk Authentication 77

The Hacker News

JULY 6, 2023

As technology advances and organizations become more reliant on data, the risks associated with data breaches and cyber-attacks also increase. The introduction of data privacy laws, such as the GDPR, has made it mandatory for organizations to disclose breaches of personal data to those affected.

Cyber Insurance 84

Cyber Insurance Insurance Data privacy Data breaches 84

SC Magazine

MAY 24, 2021

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

Cyber Insurance 94

Cyber Insurance Insurance Marketing Cyber Risk 94

Security Boulevard

JUNE 26, 2023

Unfortunately, the increasing reliance on digital systems and capabilities has also attracted an ever-growing number of malicious actors seeking to defraud businesses through phishing , social engineering , or ransomware attacks. The end result of these types of cyber attacks are often highly public and damaging data breaches.

Data breaches 52

Data breaches Healthcare Telecommunications Financial Services 52

Duo's Security Blog

OCTOBER 7, 2022

In this blog, we explain why it makes sense for these firms to work with managed service providers (MSPs) to help bolster their security posture and increase their chances of getting cyber liability insurance cover as insurers continue to raise the bar. Small business cyber insurance: Is it really needed?

Small Business 75

Small Business Cyber Insurance Insurance Cyber Risk 75

SC Magazine

JUNE 28, 2021

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. Growing losses from ransomware attacks have…emphasized that the current reality is not sustainable for insurers either.

Cyber Insurance 136

Cyber Insurance Insurance Ransomware Marketing 136

Security Boulevard

AUGUST 31, 2021

Organizations around the world must fulfill an increasing number of regulatory requirements including NIST, Sarbanes-Oxley Act (SOX), Health Insurance Portability and Accountability Act (HIPAA), Payment Card Industry Data Security Standard (PCI-DSS) and General Data Protection Regulation (GDPR) as well as federal and state data breach laws.

Risk 114

Risk Data breaches Healthcare Financial Services 114

SecureWorld News

MARCH 3, 2021

This is just more proof that cyber risk is a business risk. Operational impact of the data breach. It also included detailed information on the data breach and how that impacted the operations of the company. "As Incident response to the data breach. Financial impact of the data breach.

Data breaches 84

Data breaches Technology Healthcare Insurance 84

Security Affairs

FEBRUARY 8, 2024

Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches. Shockingly, 96% of these attacks come through email. Ransomware Attacks: In 2023, a whopping 72.7% The cost of these attacks could hit $265 billion annually by 2031. million per breach.

Social Engineering 118

Social Engineering Cyber Attacks Cyber Insurance IoT 118

Security Affairs

APRIL 28, 2024

Hackers may have accessed thousands of accounts on the California state welfare platform Brokewell Android malware supports an extensive set of Device Takeover capabilities Experts warn of an ongoing malware campaign targeting WP-Automatic plugin Cryptocurrencies and cybercrime: A critical intermingling Kaiser Permanente data breach may have impacted (..)

Cybercrime 93

Cybercrime Spyware Data breaches Antivirus 93

Joseph Steinberg

JANUARY 18, 2024

By safeguarding sensitive data, businesses not only protect themselves and their customers but also build trust and credibility in the eyes of clients, partners, and regulatory bodies. Mitigating Financial Risks Cybersecurity is an integral part of risk management for businesses.

Cybersecurity 169

Cybersecurity Education Cyber Attacks Risk 169

CyberSecurity Insiders

JUNE 3, 2022

An increase in cyber attacks in volume on businesses operating in the healthcare sector was also observed between 2020-2021. And even if they take such companies undercover, they exclude data breaches from their insurance backup as it involves a lot of risks that do not qualify in equilibrium with the payment made to the policy.

Healthcare 120

Healthcare Ransomware Insurance Backups 120

Joseph Steinberg

JANUARY 18, 2024

By safeguarding sensitive data, businesses not only protect themselves and their customers but also build trust and credibility in the eyes of clients, partners, and regulatory bodies. Mitigating Financial Risks Cybersecurity is an integral part of risk management for businesses.

Cybersecurity 161

Cybersecurity Education Cyber Attacks Risk 161

SecureWorld News

APRIL 5, 2021

The beverage company recently gave investors an update on data breach recovery and material impacts: "Molson Coors has made substantial progress in restoring its systems following the recent cybersecurity incident. Yes, this is the day and age where shutdowns, natural disasters, and cyber incidents are all business risk.

Data breaches 89

Data breaches Insurance Cybersecurity Government 89

Security Affairs

NOVEMBER 14, 2022

Are the directors of a company hit by a cyberattack liable for negligence in failing to take steps to limit the risk. As the risk of a cyberattack grows, it is pivotal to consider whether the directors of a company hit by a ransomware attack, for example, can bear any liability for negligence in failing to take steps to limit the risk.

Cyber Risk 114

Cyber Risk Insurance Cyber Attacks Risk 114

Cytelligence

OCTOBER 9, 2023

The healthcare industry has witnessed a rapid digital transformation, with hospitals, clinics, and medical practices relying heavily on technology to store and manage patient data, streamline operations, and improve patient care. Patient records, insurance information, and intellectual property are just a few examples.

Healthcare 64

Healthcare Cybersecurity Cyber Attacks Cyber threats 64

Spinone

DECEMBER 8, 2016

Cybersecurity is often overlooked by small business, but over 60% of cyber attacks are targeted at small to medium-sized businesses. This can also be one of the reasons behind insufficient security practices with many businesses not realising the full effect of a data breach or ransomware attack until it is too late.

Insurance 40

Insurance Small Business Backups Cyber Insurance 40

Duo's Security Blog

MAY 23, 2023

Immediately let the IT or security team know of a potential credential compromise According to the OAIC, a key objective of the Notifiable Data Breaches (NDB) scheme is to protect individuals by enabling them to respond quickly to a data breach to mitigate the risk of harm.

Authentication 117

Authentication Passwords Data breaches Phishing 117

IT Security Guru

MAY 12, 2024

Cybersecurity threats are very real and if you are in a company that holds a lot of sensitive data whether it is for your employees, clients or customers, businesses must be proactive in implementing robust security measures. Regular Backups Regularly back up your website and business data.

Backups 52

Backups Firewall Encryption Penetration Testing 52

Malwarebytes

JANUARY 26, 2022

Due to the evolving and growing impact of cybersecurity incidents there are some questions starting to arise about the way that insurance companies deal with the costs that are the results of such incidents. But cyber insurance comes in different flavors and sizes. Pharmaceutical giant Merck & Co. Merck suffered US$1.4

Insurance 89

Insurance Cyber Insurance Ransomware Data breaches 89

SecureWorld News

APRIL 5, 2021

The beverage company recently gave investors an update on data breach recovery and material impacts: "Molson Coors has made substantial progress in restoring its systems following the recent cybersecurity incident. Yes, this is the day and age where shutdowns, natural disasters and cyber incidents are all business risk.

Data breaches 52

Data breaches Cybersecurity Insurance Government 52

IT Security Guru

MARCH 27, 2024

The result of this digitalisation is predominantly to bring speed, ease of use and innovative services to customers, yet it also introduces the risk of cyber attacks or incidents that could lead to data breaches, downtime and financial losses. DORA takes effect in January 2025.

Financial Services 76

Financial Services Risk Penetration Testing Technology 76

Jane Frankland

DECEMBER 7, 2023

Cybersecurity can often feel like a game of cat and mouse where cyber attackers and defenders engage in a chase, with one party trying to outsmart the other. Just like in previous years, 2024 is set to test practitioners’ skills as the frequency of cyber threats continues to surge leaving no room for complacency.

Cybersecurity 130

Cybersecurity Cyber threats Insurance Artificial Intelligence 130

Adam Levin

FEBRUARY 13, 2019

The data used in these attacks could be from different places. One six-month period last year resulted in 945 data breaches with a total of 4.5 Credential stuffing is a cyber attack that deploys a large number of credentials pointed at a target to gain access to specific personal accounts.

Risk 100

Risk Data breaches Passwords Password Management 100

The Last Watchdog

FEBRUARY 8, 2021

The Health Insurance Portability and Accountability Act — HIPAA — has undergone some massive changes in the past few years to minimize the burden of healthcare entities. Last year, the government saw that even the most security-conscious organizations could not prevent cyber attacks.

Healthcare 196

Healthcare Energy and Utilities Accountability Insurance 196

IT Security Guru

MAY 24, 2023

It helps to protect your organisation, workforce and clients from cyber-attacks. By doing this, you are reducing the chance of identity theft, data breaches, ransomware, and many other types of cyber threats. Your company is legally obliged to try and protect your staff and clients from such attacks.

Cybersecurity 43

Cybersecurity Cyber Insurance Cyber threats Identity Theft 43

Security Affairs

NOVEMBER 5, 2023

Kinsing threat actors probed the Looney Tunables flaws in recent attacks ZDI discloses four zero-day flaws in Microsoft Exchange Okta customer support system breach impacted 134 customers Multiple WhatsApp mods spotted containing the CanesSpy Spyware Russian FSB arrested Russian hackers who supported Ukrainian cyber operations MuddyWater has been spotted (..)

Cyber Insurance 98

Cyber Insurance Cryptocurrency Internet Internet 98

Centraleyes

APRIL 8, 2024

High-profile data breaches have made data protection and privacy a hot subject. Hackers use more sophisticated methods to break network defenses and steal sensitive data on a large scale. Malicious actors target personal data because of its value. The consequences of data breaches go beyond financial impact.

Data privacy 52

Data privacy Unstructured Data Data breaches Government 52

SecureWorld News

JANUARY 7, 2024

The integration of Governance, Risk, and Compliance (GRC) strategies with emerging technologies like Artificial Intelligence and the Internet of Things are reshaping the corporate risk landscape. Governance Governance refers to the policies, rules, and frameworks that a company needs to follow to meet its business targets.

IoT 79

IoT Technology Artificial Intelligence Government 79

Thales Cloud Protection & Licensing

APRIL 3, 2024

This has led to a huge change in the way customers interact with financial organisations, with the majority of Americans now buying insurance online, and over 65% of Europeans now regularly using online banking. The consequences of such breaches are far-reaching, not only in financial terms but also in eroding customer trust.

Digital transformation 62

Digital transformation Data breaches Encryption Insurance 62

Centraleyes

MAY 20, 2024

The primary objectives of an IAM assessment include: Clearly explaining access management best practices Making IAM solutions more effective throughout the enterprise Checking IAM security controls effectiveness Ensuring that data is secure Why does your company require an IAM assessment? Companies must also erase private data upon request.

Data breaches 52

Data breaches Accountability Authentication Healthcare 52