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.

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Cyber Insurance Insurance Cyber Attacks Ransomware 128

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

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

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. 50%_increase in malware designed to steal personal data or stalkerware. Ransomware detections on machines jumped 369% (yes, three-hundred-sixty-nine percent) vs. 2018.

Cyber threats 107

Cyber threats Insurance Cyber Insurance Ransomware 107

Adam Levin

MARCH 16, 2020

That is exponentially more expensive than other cyber events. Consider that the average cost for a ransomware attack against a business is about $4,400, and your run of the mill phishing incident weighs in at a much less hefty $500. So Isn’t BEC Just Another Form of Phishing? BEC has a home In the pantheon of ishings.

Scams 130

Scams Identity Theft Phishing Accountability 130

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. GDPR, the EU’s flagship data privacy and “right to be forgotten” regulation, has made the stakes of a data breach higher than ever. In the U.S.,

Data privacy 145

Data privacy Encryption Data breaches Insurance 145

Krebs on Security

DECEMBER 12, 2018

Earlier this year, FICO began touting its Cyber Risk Score (PDF), which seeks to measure an organization’s chances of experiencing a data breach in the next 12 months, based on a variety of measurements tied to the company’s public-facing online assets. In October, FICO teamed up with the U.S.

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Cyber Risk Energy and Utilities Risk Marketing 192