Security Boulevard

JUNE 1, 2022

cyber insurance carriers in 2021 rose 92% year-over-year, largely in response to a surge in ransomware. Cyber risk insurers are also declining coverage to companies with substandard cybersecurity controls, as well as changing the fine print for sublimits to reduce coverage for types of losses one by one.

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Cyber Insurance Insurance Cyber Risk Risk 72

SC Magazine

MARCH 24, 2021

Insurance firm CNA Financial, a prominent provider of cyber insurance, confirmed a cyberattack against its systems, which has some concerned that cybercriminals may target policyholders. Of course, the attackers aren’t necessarily limited to a ransomware strategy. They could also phish certain policyholders.

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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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Security Boulevard

NOVEMBER 24, 2023

First published by HelpNetSecurity  — Matthew Rosenquist Cybersecurity insurance is a rapidly growing market, swelling from approximately $13B in 2022 to an estimated $84B in 2030 (26% CAGR), but insurers are struggling with quantifying the potential risks of offering this type of insurance.

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Insurance Risk Cyber Insurance Cybersecurity 72

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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Cyber Insurance Insurance Marketing Cyber Risk 94

SC Magazine

MAY 19, 2021

The development of cybersecurity insurance has played an important role in determining how companies prepare for and respond to ransomware attacks and the resulting fallout. That in itself has evolved, as insurers and insured learn just how expensive that fallout can be. The ransomware reality check for insurers.

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Cyber Insurance Insurance Marketing Ransomware 102

CSO Magazine

FEBRUARY 22, 2021

On February 4, 2021, New York became the first state in the nation to issue a cybersecurity insurance risk framework to all authorized property and casualty insurers. The framework applies to all property or casualty insurers that write cybersecurity insurance.

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Insurance Cyber Insurance CSO Ransomware 106

CyberSecurity Insiders

DECEMBER 11, 2021

(NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced it is partnering with leading cyber insurance companies to help businesses manage their risks online. As a result, some insurance companies have had to raise premiums to cover their costs.

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eSecurity Planet

FEBRUARY 16, 2021

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. A ransomware attack is about as bad as a cyber attack can get. Jump to: What is ransomware? How ransomware works. Preventing ransomware. Ransomware attacks and costs.

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CyberSecurity Insiders

APRIL 19, 2022

A study conducted by Cybersecurity Firm Mandiant confirms that ransomware actors are increasingly targeting virtualization platforms to extort ransom in large amounts. M-Trends 2022 report not only disclosed what threat actors are doing, but has also offered ways to mitigate risks. And they are some strategies to mitigate risks.

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CyberSecurity Insiders

OCTOBER 26, 2022

The impact of ransomware attacks on businesses is twofold. While many equate ransomware with encrypted files and potential ransom payments, the consequences go even further in terms of the costs and requirements of an organization. The Dangers of Ransomware Attacks. By Rajesh Ram, Chief Strategy Officer at Egnyte.

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SecureWorld News

OCTOBER 20, 2021

Cyberrisk is business risk. But how should we communicate this risk to the business, to clients, or to investors? This includes the 2021 annual report at Accenture. This includes the 2021 annual report at Accenture. Accenture annual report: risks we face from cyberattacks. L egal, reputational and financial risks?

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Cyber Risk Risk Insurance Cyber Insurance 84

SecureWorld News

AUGUST 25, 2021

Ransomware. Ransomware. Ransomware. What will our insurance cover? As ransomware attacks have spiked in the last year, a common theme for many organizations is that the attack was the result of failed cybersecurity. But in the world of emerging ransomware perspectives, some argue it could be more about bad luck.

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Duo's Security Blog

OCTOBER 18, 2021

We need to work with many different teammates on campus — risk management, legal, compliance and institutional review boards, to name a few — to effectively manage cybersecurity risk across our communities. They see the investment in MFA as critical to a campus cybersecurity program and managing risk for a campus.

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Insurance Education Risk Cyber Insurance 97

CyberSecurity Insiders

OCTOBER 24, 2022

Here are a few prime examples of cyber-attacks in the education sector. From December 2021 through January the following year, Bernalillo County was slammed by a ransomware attack that targeted government services. Freshly on the heels of this cyber security nightmare, the Albuquerque school system was breached.

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Education Cyber Attacks Cyber Insurance Insurance 58

CyberSecurity Insiders

JULY 19, 2021

Nearly three weeks after (ISC)² made its highly popular Professional Development Institute (PDI) course titled “ Ransomware: Identify, Protect, Detect, Recover ,” free to the public through July 31, 2021, more than 4,500 professionals have enrolled in the course. The importance of threat intelligence and its effect on reducing risk.

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SecureWorld News

SEPTEMBER 23, 2021

This includes the fight against ransomware. His unique insights around cybersecurity-related topics shine a light on ransomware risk for organizations, government agencies, and the public. This ranges from Secret Service agents discussing elements of cyber hygiene with those they protect to tracking down cybercrime fugitives.

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Security Affairs

DECEMBER 28, 2022

Cyber attacks targeting critical infrastructures, such as hospitals, pipelines, and electric grids, could block their operations and cause extensive damage. On May 2021, Ireland’s Health Service Executive service shut down its IT systems after they were hit with a “significant ransomware attack.”.

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Cyber Attacks Cyber Insurance Insurance Cyber Risk 91

CyberSecurity Insiders

OCTOBER 20, 2021

Okumu lived through the ransomware attack on the City of Baltimore in 2018, which affected 90% of the municipality’s applications. As the then-director of IT infrastructure for the city, he learned a lot of valuable lessons about defending against and recovering from a ransomware attack. It had started sometime between 4 a.m.

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Ransomware Backups Insurance Cyber Insurance 111

SC Magazine

JULY 13, 2021

million patients have been impacted by a health care data breach so far in 2021, a whopping 185% increase from the same time period last year where just 7.9 Further, the number of breaches reported to the Department of Health and Human Services during the first six months of 2021 increased by 27% year-over-year. More than 22.8

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Data breaches Insurance Healthcare Education 113

Duo's Security Blog

DECEMBER 7, 2022

But what are the risks with this approach? The state of cyber liability insurance The topic of cyber liability insurance is full of datapoints, statistics and graphs all showing upward trajectories. But MFA should not only be viewed as a prerequisite for obtaining cyber liability insurance.

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Insurance Cyber Insurance Ransomware Risk 98

Security Boulevard

JUNE 15, 2021

Ransomware attacks have continued to make headlines, and for good reason: on average, there is a new ransomware attack every 11 seconds, and the losses to organizations from ransomware attacks is projected to reach $20 billion over the course of 2021 following a record increase in losses of more than 225% in 2020.

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Ransomware Cyber Insurance Insurance Antivirus 97

Thales Cloud Protection & Licensing

MAY 9, 2022

It is hard to believe that it has already been one year since the Colonial Pipeline ransomware attack that forced the U.S. This attack was one of the biggest ransomware ones to date. Attacks on Critical National Infrastructure will continue to rise in 2022 as ransomware gangs show no signs of abating. Mon, 05/09/2022 - 05:40.

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Cyber Insurance Insurance Backups Ransomware 71

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. Merck suffered US$1.4 What was NotPetya again? An act of war?

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Insurance Cyber Insurance Ransomware Data breaches 82

CyberSecurity Insiders

JANUARY 24, 2022

CINCINNATI–( BUSINESS WIRE )–Great American Insurance Group recently launched EagleEye? According to Betty Shepherd, Divisional Senior Vice President, Great American Cyber Risk, EagleEye is a valuable loss prevention tool for insureds. We jumped at the opportunity to build a compelling solution for insureds.

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SecureList

NOVEMBER 9, 2022

The ongoing geopolitical storm brings not only classical cyberthreats for business, but also unpredictable risks and ‘black swans’ The main problem for 2023 will be supply-chain stability and cybersecurity. Supply-chain will become more of a sweet spot for targeted ransomware and state-sponsored espionage campaigns.

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Cybersecurity Cyber Insurance Cybercrime IoT 126

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

Thales Cloud Protection & Licensing

JULY 21, 2022

From the ransomware attack that compromised a major U.S. gas pipeline in 2021 to the rise of nation-state attacks, critical infrastructure organizations are under siege. Reducing the risk of attacks such as ransomware and malware on CNI will be of paramount importance to the stability of nation states for years to come.

Cyber threats 71

Cyber threats Energy and Utilities Ransomware IoT 71

eSecurity Planet

JULY 8, 2022

Ransomware has now emerged as one of the key reasons to have a DR plan and DR technology in place. With a cyberattack, it’s more than just data that needs protecting—at risk is really the entire physical infrastructure from applications and operating systems down to low-level firmware and BIOS. Disaster Recovery and Ransomware.

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Backups Ransomware Technology Marketing 142

Duo's Security Blog

JUNE 9, 2022

So, on a recent webinar , I sat down with Darren Thomson, Head of Cyber Intelligence Services at CyberCube , a firm that provides data-driven cyber risk analytics for the insurance industry. As we discussed on the webinar, it's undoubtedly our common adversary, ransomware. Here are my key takeaways.

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Insurance Marketing CISO Cyber Insurance 97

BH Consulting

JUNE 13, 2023

Target the human, swipe the cash: Verizon DBIR 2023 highlights crime trends Manage the human risk and mind your money: those are two key takeaways from Verizon’s 2023 Data Breach Investigations Report. Ransomware didn’t actually grow year on year; it held steady at 24 per cent of breaches.

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Social Engineering Data breaches Scams DDOS 52

Cytelligence

FEBRUARY 4, 2020

Acquisition combines Aon’s industry-leading investment in cyber security with Cytelligence’s unique technical expertise in incident response and digital forensics services to strengthen Aon’s cyber security client value proposition. Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025.

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eSecurity Planet

APRIL 6, 2023

Ransomware is a type of malicious program, or malware, that encrypts files, documents and images on a computer or server so that users cannot access the data. Ransomware is the most feared cybersecurity threat and with good reason: Its ability to cripple organizations by locking their data is a threat like no other.

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Ransomware Backups Encryption Cybersecurity 98

Pen Test

OCTOBER 10, 2023

The Surge of Double Extortion Ransomware Attack s Ransomware attacks have become an increasingly severe threat to organizations around the world. The Evolution of Ransomware into Double Extortion Tactics The Basics of Ransomware Ransomware itself has been around for years.

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ForAllSecure

MAY 17, 2023

Small to Medium Business are, today, the target of APTs and ransomware. 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. GRAY: Absolutely.

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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. of Morris Risk Management, John Franzino of Grid Security Inc.,

Cyber Insurance 52

Cyber Insurance Insurance Marketing Risk 52

Thales Cloud Protection & Licensing

AUGUST 11, 2021

No Soup For You, Ransomware! Thu, 08/12/2021 - 05:19. Ransomware campaigns such as WannaCry and Petya attacks made this malware type a top threat to all organizations worldwide. This is of particular relevance when it comes to ransomware. The rule of thumb says that no demands set by ransomware must be satisfied.

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