Remove 2017 Remove Cyber Insurance Remove Risk
article thumbnail

As market for cyber insurance booms, watchdog calls for better data

SC Magazine

Overall, insurance companies seem to be responding to increased demand from clients for cyber-specific insurance, and one survey found that the two things most likely to spur a purchase of cyber insurance are when a business experiences a cyber attack and when they hear about other companies being hit by a cyber attack.

article thumbnail

How the ransomware explosion is reshaping the cyber insurance market

SC Magazine

That in itself has evolved, as insurers and insured learn just how expensive that fallout can be. The ransomware reality check for insurers. Prior to 2017, most insurers covered ransomware under traditional property and casualty policies. NotPetya changed that. ” Conflicting interests?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Scanning for Flaws, Scoring for Security

Krebs on Security

For years, potential creditors have judged the relative risk of extending credit to consumers based in part on the applicant’s credit score — the most widely used being the score developed by FICO , previously known as Fair Isaac Corporation. Data accidentally released by FICO about the Cyber Risk Score for ExxonMobil.

article thumbnail

MY TAKE: NIST Cybersecurity Framework has become a cornerstone for securing networks

The Last Watchdog

The participation led to the idea behind CyberSaint The company supplies a platform, called CyberStrong, that automatically manages risk and compliance assessments across many types of frameworks. This includes not just the NIST CSF, but also the newly minted NIST Risk Management Framework 2.0, That could be for insurance purposes. “As

article thumbnail

Merck wins NotPetya ransomware attack legal battle

CyberSecurity Insiders

Merck, the Pharma giant from New Jersey, has won a legal battle with its insurer for covering costs related to the NotPetya ransomware attack that crippled its computer networks to the core incurring losses in millions. Moving ahead into the details, the year 2017 witnessed many companies falling prey to NotPetya ransomware hackers.

article thumbnail

The rise of multi-threat ransomware

Malwarebytes

A timeline of ransomware It also examines attacks of interest from 2017 to the present day, looking at some of the key incidents from the last couple of years, and the brutal real world impact of ransomware attacks that increasingly affect the spaces and services around us. Keep threats off your devices by downloading Malwarebytes today.

article thumbnail

NEW TECH: Brinqa takes a ‘graph database’ approach to vulnerability management, app security

The Last Watchdog

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.