Adam Levin

DECEMBER 26, 2018

Russian interference in the 2016 election and increasing awareness of the vulnerability to hackers of virtually any computerized system led to a scramble for U.S. Evidence of foreign interference in the 2016 elections should have been met with a rapid response. The average cost of a breach last year was $3.62

Computers and Electronics 130

Computers and Electronics Government Cyber Insurance Hacking 130

SecureWorld News

OCTOBER 5, 2020

The OFAC Advisory on these cybercrime payments specifically warns financial institutions, cyber insurance firms, and companies that facilitate payments on behalf of victims, that they may be violating OFAC regulations. OFAC designated the developer of Cryptolocker, Evgeniy Mikhailovich Bogachev, in December 2016.".

Government 92

Government Ransomware Cyber Insurance Cybercrime 92

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.

Digital transformation 113

Digital transformation Cyber Risk Risk Penetration Testing 113

The Last Watchdog

SEPTEMBER 20, 2019

Eventually, governments will address the risk by beefing up security and purchasing cyber insurance, which go hand in glove. Ransomware attacks against local government entities at some point will run its course. For a quick, comprehensive summary review the coverage of Robert Mueller’s report and Congressional testimony.

Ransomware 153

Ransomware Government Firewall Cyber Insurance 153

Malwarebytes

NOVEMBER 15, 2023

In mid-October, the Ukrainian Cyber Alliance (UCA) breached the Trigona Confluence server and completely deleted and defaced their sites. Formed around 2016 to defend Ukraine’s cyberspace against Russian interference, the UCA used a public exploit for CVE-2023-22515 to gain access to Trigona infrastructure.

Ransomware 113

Ransomware Education Backups Cyber Insurance 113

eSecurity Planet

APRIL 26, 2022

Company Sector Year Status Verodin Cybersecurity analytics 2018 Acquired by FireEye Kenna Security Risk management 2018 Acquired by Cisco PhishMe Incident response 2016 Acquired: P.E. Named after the infamous string of nation-state cyber attacks during the late 2000s, NightDragon was established in 2016 by former McAfee CEO Dave DeWalt.

Cybersecurity 129

Cybersecurity Technology Marketing Healthcare 129

Security Affairs

NOVEMBER 6, 2018

From 2016 to 2017, the number of such incidents increased by 369 percent. Security Affairs – cyber insurance, cryptocurrency exchanges ). The post Group-IB and CryptoIns introduce the world’s first insurance against cyber threats for cryptocurrency exchanges appeared first on Security Affairs.

Insurance 94

Insurance Cryptocurrency Cyber threats Marketing 94

eSecurity Planet

MARCH 28, 2023

Microsoft Azure Microsoft Hyper-V 2016/2019 R2/2019 VMware ESXi up to 7.0 Ubuntu 18.04, and Ubuntu 20.04 Clusters of physical and virtual appliances can be deployed to expand reach or improve resilience through redundancy.

Wireless 117

Wireless Authentication IoT Cyber Insurance 117

eSecurity Planet

JULY 8, 2022

In many ways, DR is playing catch up with the rise in effectiveness of cyber criminals. The global cost of ransomware has risen from $325 million to $20 billion from 2016 to 2021, and on average, only 65% of encrypted data was restored after a ransom was paid.

Backups 142

Backups Ransomware Technology Marketing 142

Cytelligence

FEBRUARY 4, 2020

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.

Penetration Testing 45

Penetration Testing Insurance Data preservation Cyber Insurance 45

eSecurity Planet

FEBRUARY 16, 2021

Through the years, we’ve seen several strains of ransomware make headlines: CryptoLocker in 2013, Locky in 2016, WannaCry and Hermes in 2017, GandCrab in 2018, and now, Ryuk joins the pack of notable names in criminal malware. Ransomware Types. In this new decade, the Ryuk ransomware remains the most dangerous strain.

Ransomware 97

Ransomware Backups Encryption Software 97

IT Security Guru

FEBRUARY 28, 2023

Cyber insurers are losing money. 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 cyber risk a potentially uninsurable area due to falling profitability.

Cyber Insurance 131

Cyber Insurance Insurance Marketing Cyber Risk 131

Andrew Hay

JULY 26, 2018

According to the lawsuit, in June 2018 Everest determined both the 2016 and 2017 breaches were covered exclusively by the debit card rider, and not the $8 million C&E rider. That policy has a single loss limit of liability of $50,000, with a $25,000 deductible and an aggregate limit of $250,000.

Insurance 45

Insurance Computers and Electronics Banking Cybercrime 45

Spinone

OCTOBER 13, 2020

Why Ransomware is the Fastest Growing Malware Threat Since 2016, over 4,000 ransomware attacks have occurred daily. In fact, one report shows that business email compromises are 23% of cyber insurance claims. In this post, we will take a look at ransomware trends, costs, targets, and ransomware prevention software.

Ransomware 52

Ransomware Backups Data breaches Encryption 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. Merck suffered US$1.4 What was NotPetya again?

Insurance 97

Insurance Cyber Insurance Ransomware Data breaches 97

eSecurity Planet

JANUARY 11, 2022

Cowbell Cyber. Cowbell Cyber is a dedicated cyber insurance company that relies on continuous risk assessment, AI data analytics, and real-time underwriting to give clients pre- and post-breach services. Series D OneTrust 2016 Atlanta, GA 2,000 $926.4 Series C Bitglass 2013 Campbell, CA 170 $150.1

Cybersecurity 142

Cybersecurity Threat Detection Encryption Risk 142

Adam Levin

DECEMBER 27, 2019

With what we experienced in 2016 and 2018, is there any doubt there will be a rise in disinformation–homegrown and imported–of all stripe in the upcoming elections? You’re going to have personal cyber insurance. Water finds its level, but it will be rough for a while. . The disinformation blob will grow.

Cybersecurity 100

Cybersecurity CISO IoT Insurance 100