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

NOVEMBER 24, 2023

First published by HelpNetSecurity  — Matthew Rosenquist Cybersecurity insurance is a rapidly growing market, swelling from approximately $13B in 2022 to an estimated $84B in 2030 (26% CAGR), but insurers are struggling with quantifying the potential risks of offering this type of insurance. to 130.6%).

Insurance 72

Insurance Risk Cyber Insurance Cybersecurity 72

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

CyberSecurity Insiders

MAY 1, 2023

This legal turn is supported by a study conducted by BakerHostetler, which confirms that lawsuits against companies that suffer data breaches are becoming more common and may increase by the end of this year. Now the big question: Is there any benefit in filing a lawsuit against the technology service provider for a data breach?

Data breaches 138

Data breaches Cyber Insurance Insurance Technology 138

Joseph Steinberg

AUGUST 5, 2021

Understanding the difference between the two is also essential when seeking to obtain – and when acquiring – cyber-liability insurance. First-party cyber-liability risks refer to risks that directly endanger an organization. First-Party Risks And Coverage.

Insurance 141

Insurance Risk Data breaches Artificial Intelligence 141

The Hacker News

APRIL 10, 2023

As technology advances, cyberattacks are becoming more sophisticated. With the increasing use of technology in our daily lives, cybercrime is on the rise, as evidenced by the fact that cyberattacks caused 92% of all data breaches in the first quarter of 2022.

Cyber Insurance 89

Cyber Insurance Insurance Cybersecurity Data breaches 89

SecureWorld News

JANUARY 31, 2024

Cyber risk is an existential issue for companies of all sizes and in all industries. The integration of technology and automation, and related collection, use, and sharing of information into everyday business practices presents an enormous opportunity for efficiency and precision, especially in the real estate sector.

Risk 83

Risk Cyber Insurance Insurance Data breaches 83

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

Centraleyes

MAY 6, 2024

Every few decades, the world experiences a technological disruption that changes our lives. The insurance industry is no exception. The insurance industry is built on handling our own and everyone else’s risks. A good use case of this model would be the underwriting industry using a ChatGPT-like bot to process insurance claims.

Insurance 52

Insurance Artificial Intelligence Cyber Insurance Marketing 52

Centraleyes

APRIL 9, 2024

According to IBM’s recently released “Cost of a Data Breach” statistics report, the average financial toll of a data breach has surged to an unprecedented $4.45 Regional Disparities in Data Breach Costs The United States emerges with a significantly higher average cost of $9.4

Data breaches 52

Data breaches Cyber Insurance Insurance Ransomware 52

Centraleyes

MARCH 28, 2024

Coalition, a leader in cyber insurance, has added a positive endorsement for artificial intelligence (AI) to its cyber insurance plans for the US and Canada. The endorsement expands the definition of a security failure or data breach to include events caused by artificial intelligence.

Artificial Intelligence 52

Artificial Intelligence Cyber Insurance Insurance Technology 52

SC Magazine

FEBRUARY 8, 2021

Every time a driver buckles up or an airbag is deployed we see the powerful influence of the insurance companies who insisted those measures become mandatory. Now, those insurers are poised to drive cybersecurity investment by insisting that organizations meet certain criteria to qualify for coverage. A maturing model.

Insurance 126

Insurance Cyber Insurance Cybersecurity Government 126

Malwarebytes

SEPTEMBER 14, 2022

This article focuses on helping to prevent cyberattacks purely through technology; though of course, businesses need a combination of technology, people, and strategy to truly become cyber resilient. That being said, security experts advise against relying solely on a single technology or technique to protect business endpoints.

Technology 67

Technology DNS Cyber Insurance Insurance 67

Duo's Security Blog

JUNE 21, 2021

While the risk of an employee clicking on a foreign prince’s secret gold offer may be past us, modern-day technologies have evolved and expanded in today’s remote work and IoT-connected settings. Don’t worry though, there's already an insurance policy for that. What is Cyber Liability Insurance?

Insurance 91

Insurance Cyber Insurance Data breaches Social Engineering 91

BH Consulting

JUNE 22, 2021

Organisations are coming under increasing pressure to take out cybersecurity insurance cover. Also known as cyber risk insurance, it’s now a prerequisite in some public sector tenders. Sometimes, contracts or proposals ask suppliers for both cybersecurity insurance and documented security controls.

Insurance 83

Insurance Cybersecurity Cyber Insurance Cyber Risk 83

Webroot

JULY 25, 2022

Threat intelligence solutions using AI/ ML technologies can prevent false positives and reduce alert fatigue – helping cybersecurity professionals focus on strategic priorities instead of spending all their time reacting to security alerts and potential incidents. Cyber insurance becomes mainstream discussion.

Cyber Insurance 124

Cyber Insurance Insurance Marketing Phishing 124

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. Data Breach Costs: The average global cost of a data breach in 2023 was $4.45

Social Engineering 118

Social Engineering Cyber Attacks Cyber Insurance IoT 118

Adam Levin

AUGUST 26, 2019

The data breach of Capital One was big news, but it was also a familiar story: a major financial company with the budget and means to secure its data didn’t bother to do so, and the personal information of over a hundred million of its customers and applicants was exposed. Cloudy with a Chance of Client Error.

Data breaches 142

Data breaches Cyber Insurance Hacking Insurance 142

SecureWorld News

AUGUST 18, 2020

Securities and Exchange Commission, notifying the SEC of the data breach. Hackers exfiltrated (removed) some data. The unauthorized access also included the download of certain of our data files. Ransomware attacks: another argument for cyber insurance? Hackers encrypted some files. Remediation is underway.

Cyber Insurance 83

Cyber Insurance Ransomware Insurance Technology 83

Security Boulevard

MAY 12, 2022

The Role Of Cybersecurity Insurance In A Predictive Security. Cybersecurity insurance in recent years has become a modern day stopgap for corporations looking to offset their losses for attacks. What Is Not Covered Under Cyber Insurance? Below is a list of adaptive controls needed for cyber insurance.

Cyber Insurance 105

Cyber Insurance Insurance Marketing Firewall 105

CyberSecurity Insiders

JANUARY 6, 2023

By Doron Pinhas, Chief Technology Officer, Continuity. 2022 clearly demonstrated that attacks on data represent the greatest cyber-threat organizations face. Notable data breaches took place at Microsoft, News Corp., Organizations are being confronted on all sides by cyber-danger.

Backups 136

Backups Ransomware Insurance Cyber Insurance 136

Jane Frankland

DECEMBER 7, 2023

These include the adoption of hyper automation and artificial intelligence (AI)-driven decision making, where organisations will increasingly use automation technologies and artificial intelligence to streamline processes and enhance efficiency. Expect to see business compromise email attacks, which have been skyrocketing this year, to surge.

Cybersecurity 130

Cybersecurity Cyber threats Insurance Artificial Intelligence 130

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. Most modern companies share information via communications technology all the time in order to do business.

Cybersecurity 43

Cybersecurity Cyber Insurance Cyber threats Identity Theft 43

Adam Levin

JUNE 30, 2020

For instance, 71 percent of respondents said companies shouldn’t pay ransoms to hackers, but 55 percent wanted businesses to pay a ransom if their own personal data was at risk. Preventing data breaches and implementing adequate cybersecurity safeguards was a daunting assignment even before the Covid-19 pandemic.

Ransomware 186

Ransomware Insurance Cyber Insurance Manufacturing 186

SecureWorld News

NOVEMBER 12, 2020

First, however, let's look at the top 15 cyber threats organizations face right now, according to the report: Malware. Data Breach. Cyber Espionage. So that is the top 15 list of cyber threats according to the European Union. Web-based Attacks. Web Application Attacks. Distributed Denial of Service (DDoS).

Cyber threats 106

Cyber threats Insurance Cyber Insurance Ransomware 106

Malwarebytes

SEPTEMBER 30, 2022

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. CISA, GSA, and the National Institute of Standards and Technology (NIST) help monitor for issues in the namespace.

Government 60

Government Cybersecurity Cyber Insurance Insurance 60

SecureWorld News

MARCH 28, 2024

Data Security Concerns: AI systems rely heavily on data. Breaches or manipulation of this data can compromise the integrity of AI models and lead to unintended consequences. Using AI, or deep fake technology, to trick individuals is ripe for vulnerabilities, making AI even more impactful for cyber threats and attacks."

Risk 78

Risk Artificial Intelligence Cybersecurity Financial Services 78

Pen Test

OCTOBER 10, 2023

Double extortion introduces catastrophic risks of data breach and loss of customer trust if sensitive information gets leaked publicly. Even just the notification of a data breach can harm an organization's reputation and bottom line. Businesses will need to demonstrate cyber risk management to get the best premiums.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52

eSecurity Planet

OCTOBER 5, 2021

This is particularly true of server protection, where, as Symantec Endpoint Security VP and General Manager Adam Bromwich notes, “traditionally IT has not turned on all the protection technologies available to them. Is the attack small enough that we do not need to file a cyber insurance claim? Assess for data breach.

Ransomware 130

Ransomware Backups Insurance Cyber Insurance 130

SecureList

NOVEMBER 9, 2022

And IT teams should be prepared to deal with evolving threats posed by emerging technologies which are becoming widespread, such as geo-targeted phishing or attacks related to Cloud Security, IOT and AI. Yet, in addition to cyber insurance, companies will need a designated DR or RR (Rolling Recovery) plan.

Cybersecurity 128

Cybersecurity Cyber Insurance Cybercrime IoT 128

SecureWorld News

AUGUST 23, 2023

Mika Aalto, Co-Founder and CEO at Hoxhunt : "Today, most security leaders admit that data breaches are a question of 'when,' not 'if,' because most have responded to an incident within the past few years. But while the cybersecurity game has changed, the key players remain the same: it's all about employees.

Cybersecurity 72

Cybersecurity Cyber Risk Risk Cyber Insurance 72

Security Boulevard

JUNE 26, 2022

Cost of Breach Could Be Greater Than The Expected Cost Savings. IBM’s annual Cost of a Data Breach study revealed a single data breach could cost a company up to $3.29 That $3.29, even with cyber insurance, is still a significant hit to the organization’s bottom line.

Information Security 98

Information Security Technology Marketing Cyber Insurance 98

eSecurity Planet

MARCH 17, 2023

XDR is often considered an evolution of EDR, moving beyond endpoint data analysis and threat response to look at telemetry data across clouds, applications, servers, third-party resources, and other network components. With DFS, relevant data can quickly be sorted through and brought to light for investigative purposes.

Network Security 117

Network Security Penetration Testing Firewall Antivirus 117

SC Magazine

JULY 2, 2021

An exterior view of the Anthem Health Insurance headquarters. About 80 million company records were accessed in one of the largest health care data breaches. Accordingly, you can expect to continue to see providers give fairly vague breach notifications.” ” A history of falling short.

Insurance 88

Insurance Cyber Insurance Data breaches Media 88

SC Magazine

MAY 28, 2021

No, this was not an infection of the operational technology for Colonial Pipeline… but a shutdown resulted nonetheless. Colonial Pipeline also heightened discussion about the influence of ransomware attacks on cyber insurance.

Insurance 117

Insurance Government Ransomware Risk 117

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

The Last Watchdog

APRIL 18, 2019

Imposing just the right touch of policies and procedures towards mitigating cyber risks is a core challenge facing any company caught up in digital transformation. Related: Data breaches fuel fledgling cyber insurance market. Enterprises, especially, tend to be methodical and plodding. Vulnerability management.

Digital transformation 113

Digital transformation Cyber Risk Risk Penetration Testing 113