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

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. 56% of lower education respondents were hit by ransomware in 2022. Cyber insurance.

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Education Cyber Attacks Cyber Insurance Insurance 58

CyberSecurity Insiders

SEPTEMBER 13, 2022

The survey conducted financial risks evaluator Kroll states that in the past few months, beginning this year of 2022, over 71% of organizations suffered over 5 million financial losses that emerged from cyber risks and 33% of them suffered repetitive incidents.

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Cyber Risk Risk Cyber Insurance Insurance 131

Thales Cloud Protection & Licensing

MAY 9, 2022

One Year Later: What Have We Learned Since the Colonial Pipeline Attack. Mon, 05/09/2022 - 05:40. It is hard to believe that it has already been one year since the Colonial Pipeline ransomware attack that forced the U.S. Cyber insurance coverage ramps up. east coast. Planning and preparation are essential.

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Cyber Insurance Insurance Backups Ransomware 71

Security Boulevard

MAY 12, 2022

2022 — Could We Still Save Jack Bauer Today? Predictable recovery after cyber attacks helps organizations with lessons learned along with driving a business case for more investment from the board of directors. What Is Not Covered Under Cyber Insurance? This was in 2005! Getting in Right.

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SecureWorld News

DECEMBER 7, 2022

These algorithms will be able to learn and adapt to changing patterns in cyber threats, allowing them to detect and respond to attacks in real time. November 30, 2022. As cyber professionals continue to adopt the technology, so will malicious threat actors. Cyber insurance trends in 2023. gabe_ragland).

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SecureList

NOVEMBER 9, 2022

As for KSB 2022, we invited notable experts to share their insights and unbiased opinions on what we should expect from cybersecurity in the following year. 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.

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Cybersecurity Cyber Insurance Cybercrime IoT 121

Malwarebytes

JULY 10, 2022

Without cyber insurance , you can expect to pay a dizzying amount of cash. In 2022 alone, the average cost of a data breach for businesses under 1,000 employees was close to $3 million—and these costs are coming from activities that cyber insurers typically cover, such as detecting and responding to the breach.

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CyberSecurity Insiders

JANUARY 6, 2023

2022 clearly demonstrated that attacks on data represent the greatest cyber-threat organizations face. The attack pace not only continued, it accelerated. Many of these attacks took advantage of known vulnerabilities and security misconfigurations in storage and backup systems. Insurance Refusals and Rate Hikes.

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Backups Ransomware Insurance Cyber Insurance 136

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

Double extortion ransomware is a growing type of cyber-attack in which a victim’s sensitive data is first stolen, and then encrypted, giving the criminal the option of demanding two separate ransom payments. Either way, they legitimize such ransom demands and encourage attackers to continue making them.

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Ransomware Encryption Backups Cyber Insurance 71

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.

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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.

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Internet Internet Insurance Cyber Insurance 40

Security Affairs

FEBRUARY 8, 2024

26 key cyber security stats for 2024 that every user should know, from rising cyber crime rates to the impact of AI technolog y. Cyber Crime Surge: During COVID-19 , cyber crimes shot up by 600%, showing how threats adapt to global changes. Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches.

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Social Engineering Cyber Insurance Cyber Attacks IoT 123

Malwarebytes

SEPTEMBER 14, 2022

5 technologies that help prevent cyber attacks for SMBs (ranked in order of importance). Bonus: Cyber insurance. Without cyber insurance, you can expect to pay a dizzying amount of cash. Read more: 4 ways businesses can save money on cyber insurance. Let’s recap.

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Technology DNS Cyber Insurance Insurance 63

eSecurity Planet

APRIL 6, 2023

Ransomware attacks followed on Ireland’s Health Service Executive System and meat processing giant JBS Foods, and then in July 2021, IT service management company Kaseya had a number of its downstream customers targeted by ransomware in a software supply chain attack. The first ransomware attack took place in 1989.

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Ransomware Backups Encryption Cybersecurity 93

eSecurity Planet

JANUARY 11, 2022

This article looks at the top 40 cybersecurity startups to watch in 2022 based on their innovations in new and emerging technologies, length of operation, early funding rounds, scalability, and more. Most traditional tools used for investigating cyber attacks cannot assess potential impacts on these environments. Cowbell Cyber.

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Cybersecurity Threat Detection Artificial Intelligence Risk 142

eSecurity Planet

APRIL 26, 2022

Company Sector Year Status Vicarius Vulnerability management 2022 Private Dragos ICS and OT security 2021 Private Safeguard Cyber Risk management 2021 Private CyberGRX Risk management 2019 Private Signifyd Fraud protection 2018 Private RedOwl Security analytics 2015 Acquired: Forcepoint. Also read : Top Cyber Insurance Companies.

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