Security Boulevard

JUNE 29, 2022

That’s no surprise really, especially when considering that data breaches exposed some 36 billion records in the first half of 2020 alone. The post Cyber Insurance Requirements: How to Maintain Your Policy appeared first on Security Boulevard.

Cyber Insurance 52

Cyber Insurance Insurance Data breaches Risk 52

Webroot

JULY 25, 2022

Following the remote work pivot we saw in 2020, IT security has had to evolve quickly to remain effective, flexible and resilient in today’s dynamic hybrid/remote work environments. Cyber insurance becomes mainstream discussion. The cyber insurance market is expected to reach around $20B by 2025.

Cyber Insurance 136

Cyber Insurance Insurance Marketing Ransomware 136

Security Affairs

MAY 1, 2020

According to Maze, the bank’s network remained unsecured at least since February 2020. “The Cyble Research Team has verified this press release in which the ransomware operators state that they executed this data breach to alert people about the poor security measures being installed by these big financial institutions.

Ransomware 145

Ransomware Banking Cyber Insurance Advertising 145

Heimadal Security

JULY 5, 2021

A September 2020 AJG data breach has been reported by the company itself, affecting a number of the insurance company’s systems. Customer data stored on the compromised systems might have been leaked or stolen in a ransomware attack that happened on the 26th of September 2020. Back […].

Insurance 66

Insurance Data breaches Ransomware Cyber Insurance 66

Adam Levin

JUNE 30, 2020

We’re not even halfway through 2020, and already it’s been a record-breaking year for ransomware attacks. No industry, category, size, or group is safe from this cyber scourge. Preventing data breaches and implementing adequate cybersecurity safeguards was a daunting assignment even before the Covid-19 pandemic.

Ransomware 186

Ransomware Insurance Cyber Insurance Manufacturing 186

SecureWorld News

AUGUST 18, 2020

Securities and Exchange Commission, notifying the SEC of the data breach. Hackers exfiltrated (removed) some data. Ransomware attacks 2020: what do cybercrminals want? Ransomware attacks: another argument for cyber insurance? And cyber attorney Shawn Tuma tells SecureWorld he agrees with that sentiment. "In

Cyber Insurance 98

Cyber Insurance Ransomware Insurance Technology 98

Security Affairs

FEBRUARY 8, 2024

Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches. Data Breach Costs: The average global cost of a data breach in 2023 was $4.45 Data Breach Costs: The average global cost of a data breach in 2023 was $4.45 million per breach.

Social Engineering 143

Social Engineering Cyber Attacks Cyber Insurance IoT 143

SecureWorld News

NOVEMBER 12, 2020

And now we have brand new research coming from the EU which unpacks the top cyber threats as they stand now. What are the top cyber threats right now? The European Union Agency for Cybersecurity (ENISA) just published its Threat Landscape 2020 report. Data Breach. Cyber Espionage. Web-based Attacks.

Cyber threats 128

Cyber threats Insurance Cyber Insurance Ransomware 128

SC Magazine

FEBRUARY 8, 2021

The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. That’s quite the incentive for insurers to assert themselves in this market. Every sector has suffered breaches and no nation can claim to have been spared.”. A maturing model. billion in premium.

Insurance 126

Insurance Cyber Insurance Cybersecurity Government 126

Cisco Security

JULY 11, 2022

From extortion to data breaches, ransomware is always evolving, and is becoming very lucrative with Ransomware-as-a-service kit making it easier to target organizations. 67 individual ransomware attacks on schools and colleges–a 19 percent decrease from 2020 (83) . No, Ransomware attacks are not random. In 2021: .

Ransomware 144

Ransomware Education Cyber Insurance Insurance 144

Centraleyes

APRIL 9, 2024

According to IBM’s recently released “Cost of a Data Breach” statistics report, the average financial toll of a data breach has surged to an unprecedented $4.45 surge from 2020. Regional Disparities in Data Breach Costs The United States emerges with a significantly higher average cost of $9.4

Data breaches 52

Data breaches Cyber Insurance Insurance Ransomware 52

Troy Hunt

MARCH 2, 2020

These were companies spanning all sorts of different industries; big tech, general infosec, antivirus, hosting, finance, e-commerce, cyber insurance - I could go on. Anyone can cobble together a website with some APIs and load in a ton of data breaches, but establishing trust is a whole different story.

Data breaches 363

Data breaches Marketing Cyber Insurance InfoSec 363

SecureList

NOVEMBER 9, 2022

Given the continued surge of ransomware attacks, which soared 288% in the first half of 2022 alone, the need for cyber insurance will be a bigger priority, especially in the SMB market. As such, we anticipate a booming cyber insurance industry as many organizations heed these warnings and seek to guard against ransomware attacks.

Cybersecurity 144

Cybersecurity Cyber Insurance Cybercrime IoT 144

Malwarebytes

SEPTEMBER 14, 2022

In fact, there were 50% more attack attempts per week on corporate networks globally in 2021 than in 2020. Bonus: Cyber insurance. Let’s say your business has just suffered a data breach and it’s time to dig deep in your pockets to pay all the resulting expenses. Let’s recap.

Technology 81

Technology DNS Cyber Insurance Insurance 81

eSecurity Planet

AUGUST 9, 2022

GDPR, the EU’s flagship data privacy and “right to be forgotten” regulation, has made the stakes of a data breach higher than ever. GDPR-style data privacy laws came to the U.S. Some other states have since enacted their own privacy laws, beginning with Virginia’s Consumer Data Protection Act (CDPA).

Data privacy 145

Data privacy Encryption Data breaches Insurance 145

Adam Levin

MARCH 16, 2020

The loss of time, worker focus and business opportunities can be catastrophic is the aftermath of an attack, and is yet another reason no company should be without a robust cyber insurance policy in place. Despite these efforts, losses from BEC scams are expected to continue to rise in 2020. It’s Time to Do Something.

Scams 130

Scams Identity Theft Phishing Accountability 130

SC Magazine

JULY 2, 2021

An exterior view of the Anthem Health Insurance headquarters. About 80 million company records were accessed in one of the largest health care data breaches. A September 2020 CynergisTek report found just 76% of health care providers conform with the HIPAA Security Rule, a statistic that has remained static for several years.

Insurance 88

Insurance Cyber Insurance Data breaches Media 88

Malwarebytes

SEPTEMBER 30, 2022

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. A 2020 survey of 165 municipalities found 50.9% Baltimore learned this the hard way. (An

Government 69

Government Cybersecurity Cyber Insurance Insurance 69

Centraleyes

JUNE 11, 2024

NIST tags: Protect/Detect Exercise a System Recovery Plan Develop and regularly review a comprehensive system recovery plan to ensure business continuity during system disruptions or data breaches. Encrypt and securely store backups offsite to protect critical data from unauthorized access or tampering.

Risk 52

Risk Cyber Insurance Insurance Authentication 52

Cytelligence

FEBRUARY 4, 2020

FOR IMMEDIATE RELEASE: FEBRUARY 4, 2020. AON ACQUIRES CYTELLIGENCE, A LEADING INTERNATIONAL CYBER SECURITY FIRM WITH DEEP EXPERTISE IN CYBER INCIDENT RESPONSE AND DIGITAL FORENSIC INVESTIGATIONS. ? 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

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

According to a separate study 2 , double extortion, which became popular in the first quarter of 2020, collects confidential business information before encrypting a victim's database. To increase pressure, the bad actors then threaten to publish the private data.

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

Pen Test

OCTOBER 10, 2023

Double extortion introduces catastrophic risks of data breach and loss of customer trust if sensitive information gets leaked publicly. Even just the notification of a data breach can harm an organization's reputation and bottom line. However, the attackers threatened to leak terabytes of data if not paid.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52

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 Attacks 131

ForAllSecure

MAY 17, 2023

Chris Gray of Deep Watch talks about the view from the inside of a virtual SOC, the ability to see threats against a large number of SMB organizations, and the changes to cyber insurance we’re seeing as a result. cyber insurance as a whole was changing heavily. And why is that? It started off pretty easy to get.

Internet 40

Internet Internet Insurance Cyber Insurance 40

eSecurity Planet

JANUARY 11, 2022

Series A Cado Security 2020 London, UK 26 $11.5 Series B Wiz 2020 Tel Aviv, Israel 186 $230.0 Startup Est Headquarters Staff Funding Funding Type DoControl 2020 New York, NY 37 $13.4 Series A Lightspin 2020 Tel Aviv, Israel 43 $20.0 Privafy aims to serve a valuable corner of the market – securing data-in-motion.

Cybersecurity 142

Cybersecurity Threat Detection Encryption Risk 142

SC Magazine

MARCH 29, 2021

Bugcrowd, which offers a platform allowing companies to connect their applications to a community of thousands of security researchers who root out for bugs and vulnerabilities, reported a 50 percent increase in total bug bounty submissions in 2020 compared to 2019.

Software 120

Software Hacking Government Cyber Insurance 120

Adam Levin

DECEMBER 27, 2019

At times it can seem like a war of attrition, which brings us to the first series of predictions for 2020: CISOs will get worse at their jobs. In 2020 there will be somewhere around 20 billion IoT devices in use around the world. It’s good news for 2020 babies. . You’re going to have personal cyber insurance.

Cybersecurity 100

Cybersecurity CISO IoT Insurance 100

Adam Levin

MARCH 2, 2020

Ransomware attacks on businesses skyrocketed 365 percent in 2019, and all signs point to more of the same in 2020. Get Covered: I’ve said it before and I’ll say it again: Cyberattacks and data breaches have become the third certainty in life after death and taxes. Don’t be the next Heritage Company.

Cyber threats 215

Cyber threats Ransomware Encryption Insurance 215