eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers.

Cyber Insurance 126

Cyber Insurance Insurance Cyber Attacks Ransomware 126

SC Magazine

APRIL 19, 2021

AIG is one of the top cyber insurance companies in the U.S. Today’s columnist, Erin Kennealy of Guidewire Software, offers ways for security pros, the insurance industry and government regulators to come together so insurance companies can continue to offer insurance for ransomware. eflon CreativeCommons CC BY 2.0.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

Adam Levin

MARCH 16, 2020

billion, or roughly half, of the total losses in 2019 were attributed to generic email account compromise (EAC) complaints. Taking into account unknowables, we’re talking about a ballpark cost of roughly $75,000 per BEC-related complaint. That is exponentially more expensive than other cyber events.

Scams 130

Scams Identity Theft Phishing Accountability 130

Krebs on Security

JULY 24, 2018

Hackers used phishing emails to break into a Virginia bank in two separate cyber intrusions over an eight-month period, making off with more than $2.4 Now the financial institution is suing its insurance provider for refusing to fully cover the losses. million total. Between Jan.

Banking 192

Banking Insurance Computers and Electronics Cyber Insurance 192

Adam Levin

JULY 8, 2020

Hackers were also quick to pounce on the disruption caused by the 2018 shutdown of the U.S. A recent domain hijack of Japanese cryptocurrency exchange Coincheck.com was used to spoof the company in a spear-phishing campaign. Many of these faux-Zoom sites were used to distribute malware under the guise of links to online meetings.

Hacking 130

Hacking Retail Cyber Insurance Authentication 130

Cytelligence

JANUARY 14, 2020

The variety show of phishing attacks – While email remains number one for phishing attacks, cybercriminals are also using a variety of other attack routes to trick their intended victims into giving up personal information, login credentials, or even sending money.

Cybersecurity 65

Cybersecurity Cyber Insurance Insurance Ransomware 65

eSecurity Planet

AUGUST 9, 2022

And since the EU’s General Data Protection Regulation (GDPR) took effect May 25, 2018, IT compliance issues have been at the forefront of corporate concerns. M]uch of InfoSec management falls back on employee training and avoiding employee error – particularly with respect to phishing , spear phishing, and encryption lapses.”.

Data privacy 145

Data privacy Encryption Data breaches Insurance 145