This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
A report this month from the Government Accountability Office (GAO) found that the number of companies seeking cyber insurance coverage has steadily risen since 2016 and that insurers are increasing the prices of their policies and lowering their coverage limits as the number of cyberattacks rise. In addition, the U.S.
CyberGRX launched in 2016 precisely because bespoke assessments had become untenable. Cyberrisks profiling. CyberGRX’s global cyberrisk Exchange caught on quickly. The exchange has proven to be a perfect mechanism for fleshing out much richer cyberrisk profiles of third-party vendors.
Meanwhile, a Russia-linked cyberattack has already stolen and leaked documents from other Olympic organizations. This group has targeted WADA in the past, specifically during the 2016 Rio de Janeiro Olympics. A senior analyst at McAfee warned that the Olympics may experience more cyberattacks before closing ceremonies.
First, there’s a tool called the Rapid CyberRisk Scorecard. NormShield, the Vienna, VA-based, cybersecurity firm that supplies this service, recently ran scores for all of the 26 declared presidential candidates — and found the average cyberrisk score to be B+.
Fitch Ratings published an alert last week to warn of the “material risk” to water and sewer utilities caused by cyberattacks that could also impact their ability to repay debt. The expenses to mitigate a cyber-attack could impact the ability of the utilities of paying their debt. ” concludes the alert.
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. billion in damages – that it caused a broader reevaluation of cyberrisk by the industry.
New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyberrisk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year. Cyber-specific policies.
Small and mid-sized enterprises (SMEs) are increasingly at risk of cyber-attacks, and often serve as a launch pad for larger threat campaigns, according to Cisco’s 2018 SMB Cybersecurity Report. According to a 2016 survey conducted by Ponemon Institute, 22% of businesses blamed cyberattacks on insiders.
The 2019 Cybersecurity Almanac published by Cisco and Cybersecurity Ventures predicts that cyber events will cost $6 trillion annually by 2021, as companies are digitizing most of their processes and are often operating remotely. Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025.
Predict Cyber Threats Before an organization attempts any security measures, it is wise to weigh up the risks to map the weak areas and to focus attention at its Achilles’ heel. There is a huge difference between raw data collected and meaningful insights that can benefit enterprises in their attempt to prevent cyberattacks.
Enterprise security professionals need to thoroughly assess the risks, communicate those to business leaders, and develop practical cybersecurity , risk management , and compliance strategies to build a secure and resilient digital business environment. Growth of automated and sophisticated cyberattacks.
Social engineering attacks , including phishing, spam, and viruses introduced via clickable links within e-mail affected 80% of the banking institutions in 2016. VoIP phishing and impersonation also victimized millions of corporate employees across the world , contributing to an even greater cyber threat.
The above drives the requirement for more cyber awareness within companies operating in Industry 4.0., ensuring that they are well prepared for emerging cyberrisks. said Mikko Laaksonen, Technical Information Security Officer, Responsible Cyber. The future of manufacturing operations lies in smart technology.
Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyberrisk a potentially uninsurable area due to falling profitability.
It’s difficult to convey the scope and scale of cyberattacks that take place on a daily basis, much less connect the dots between them. Related: The Golden Age of cyber spying A new book by Dr. Chase Cunningham — Cyber Warfare – Truth, Tactics, and Strategies — accomplishes this in a compelling, accessible way.
Most traditional tools used for investigating cyberattacks cannot assess potential impacts on these environments. SolCyber is the newest managed security service provider (MSSP) on the block to reduce cyberrisk, wastage, and complexity. Series D OneTrust 2016 Atlanta, GA 2,000 $926.4 Acquired by JFrog.
Related: The golden age of cyber espionage The United States, at present, operates with a “nebulous” definition of what constitutes a cyberattack that rises to the level of threatening national security, asserts Rogers, who was commander, U.S.
In February, ISA, in partnership with the National Association of Corporate Directors ( NACD ), published the 2020 edition of their Cyber-Risk Oversight Handbook for Corporate Boards. LW: How is it that we’ve come this far in the digital age with such a lack of clarity about the economic context of cyberrisks?
We organize all of the trending information in your field so you don't have to. Join 28,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content