SecureWorld News

MAY 26, 2021

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year. cyber insurance market.

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Cyber Insurance Insurance Cyber Risk Marketing 56

SC Magazine

MAY 24, 2021

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.

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CyberSecurity Insiders

OCTOBER 24, 2022

These attacks also tend to be more successful in access and payout in the event of ransom demands, with 74% of attacks ending successfully for hackers. Here are a few prime examples of cyber-attacks in the education sector. This is a sizable increase from a 2021 average of just 44% across education. Conclusion.

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Education Cyber Attacks Cyber Insurance Insurance 58

CyberSecurity Insiders

APRIL 19, 2021

Hiscox Cyber Readiness Report 2021 states that most of the German firms are vulnerable to cyber attacks and are topping the list of the study group with a loss tally of $48 million. Researchers who conducted the survey concluded after gauging six key cyber security areas related to people, technology and processes.

Cyber Attacks 69

Cyber Attacks Cyber Insurance Insurance Cyber threats 69

Security Boulevard

NOVEMBER 24, 2023

Why is the insurance industry struggling with this? Cyber attackers escalate and adapt quickly, which undermines the historical-based models that insurance companies rely on. Attackers are continually shifting their maneuvers that identify victims, cause increasing loss, and rapidly shift to new areas of impact.

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Insurance Risk Cyber Insurance Cybersecurity 72

eSecurity Planet

FEBRUARY 16, 2021

A ransomware attack is about as bad as a cyber attack can get. It can shut down your business – in the case of healthcare organizations that can be life-threatening for patients – damage your reputation with customers and employees, and invite further attacks as cybercriminals view your organization as an easy mark.

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Ransomware Backups Software Encryption 97

Thales Cloud Protection & Licensing

MAY 9, 2022

The White House Executive Order on Improving the Nation’s Cybersecurity from May 12, 2021 and the supporting Office of Management Budget Federal Strategy to Move the U.S. Cyber insurance coverage ramps up. There is also huge debate around cyber insurance and whether it is fit for purpose.

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Cyber Insurance Insurance Backups Ransomware 71

CyberSecurity Insiders

MAY 19, 2021

A source from the Glass and Metal-based packaging giant said that the attack was of a malware variant, but failed to acknowledge it as a ransomware attack as the investigation was still going on the issue. . Since Ardagh is covered by a Cyber insurance policy it might not show any effect on the operational costs of the company.

Malware 88

Malware Cyber Insurance Insurance Cyber Attacks 88

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. Lloyd’s of London.

Insurance 83

Insurance Cyber Insurance Ransomware Data breaches 83

CyberSecurity Insiders

OCTOBER 26, 2022

Once one attack occurs, bad actors tend to further exploit a company’s vulnerabilities and continue to target the company. From a budgetary standpoint, ransom payments and cyber insurance premiums have continued to rise over time. In 2021, an average of 3.98+ million people voluntarily left their jobs per month in the U.S.

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Ransomware Cyber Insurance Insurance Risk 120

eSecurity Planet

OCTOBER 5, 2021

Spending money you hadn’t budgeted to hire experts to clean up an unexpected mess is at the bottom of every manager’s wish list, but in the case of a cyber attack as damaging as ransomware , turning incident response over to a pro may be the best thing you can do.

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Ransomware Insurance Cyber Insurance Healthcare 137

SecureWorld News

AUGUST 25, 2021

The State of Ransomware 2021 report from Sophos shows that 92% of organizations who paid a ransom did not recover all of the data. Cyber insurance fueling ransomware? Another topic the report looks at is how insurance payments are contributing to the ransomware problem.

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Ransomware Insurance Cyber Insurance Cyber Risk 77

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. Yet, in addition to cyber insurance, companies will need a designated DR or RR (Rolling Recovery) plan. DDOS Botnets.

Cybersecurity 121

Cybersecurity Cyber Insurance Cybercrime IoT 121

Cytelligence

JANUARY 27, 2020

billion and a new organization will fall victim to ransomware every 14 seconds, and every 11 seconds by 2021*. As these attacks increase in their frequency, threat actors have had to evolve their strategies due to the following reasons: Competition from other threat actors vying for the same “pie”. The Cytelligence Advantage .

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Ransomware Cyber Insurance Insurance Encryption 53

CyberSecurity Insiders

JANUARY 5, 2022

This alliance will allow the healthcare system to reduce its risk of a cyber-attack and help them achieve its cybersecurity goals. “We The cost of these cyber events is rising sharply with cyber insurance premiums and compliance requirements increasing.

Healthcare 52

Healthcare Risk Cyber Insurance Cyber Attacks 52

Duo's Security Blog

JUNE 9, 2022

From these conversations, it is clear cyber liability insurance is steadily rising to the top of the agenda, due to the sheer amount and scale of cyber-attacks hitting firms. As an advisory CISO and part of Cisco’s strategy group, an essential part of my role is talking to CISOs from every kind of organization.

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Insurance Marketing CISO Cyber Insurance 65

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

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

Security Boulevard

FEBRUARY 8, 2023

Click here to watch the roundtable and learn about the future of cyber insurance from leading experts. In partnership with Cysurance, BlastWave hosted a roundtable entitled “The Future of Cyber Insurance and MSP Insurability. The expert panelists held an honest discussion about insurability difficulties for MSPs.

Cyber Insurance 52

Cyber Insurance Insurance Marketing Risk 52

Malwarebytes

SEPTEMBER 14, 2022

Now more than ever, threat actors are trying to attack company networks. In fact, there were 50% more attack attempts per week on corporate networks globally in 2021 than in 2020. 5 technologies that help prevent cyber attacks for SMBs (ranked in order of importance). Bonus: Cyber insurance.

Technology 63

Technology DNS Cyber Insurance Insurance 63

eSecurity Planet

APRIL 6, 2023

Notable Ransomware Attacks CryptoLocker ushered in the modern ransomware age in 2013, and in 2017, the devastating WannaCry and NotPetya ransomware attacks raised the threat’s profile significantly. One attack in particular thrust ransomware into the spotlight as never before, the May 2021 Colonial Pipeline attack.

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Ransomware Backups Encryption Cybersecurity 98

Cisco Security

MARCH 22, 2022

To help you as you shore up your cyber defenses, Bruce Brody originally posted this blog – “Left of Boom” Cybersecurity: Proactive Cybersecurity in a Time of Increasing Threats and Attacks on October 18, 2021. Left of Boom refers to actions you can take to protect your organization before a cyber incident.

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Cyber Insurance Authentication Insurance Cyber Risk 65

eSecurity Planet

JANUARY 11, 2022

Investors recognize the potential too, as funding for cybersecurity ventures more than doubled from previous years to almost $22 billion in 2021. Read more: And the Winner of the 2021 RSAC Innovation Contest is…. Most traditional tools used for investigating cyber attacks cannot assess potential impacts on these environments.

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Cybersecurity Threat Detection Artificial Intelligence Risk 142

eSecurity Planet

JUNE 1, 2021

One of those threats is third-party attacks, where numbers are expected to increase as more companies rely on third-party services and technology as their IT environments become more distributed and they lack in-house resources. . ” Further reading: Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs.

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Phishing Mobile Government Cybersecurity 70

eSecurity Planet

APRIL 26, 2022

billion in 2021, and growing concerns over data security , software supply chains , and ransomware suggest the market will remain strong through economic ups and downs. 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.

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Cybersecurity Technology Marketing Healthcare 128