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 114

Cyber Insurance Insurance Marketing Cyber Risk 114

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. Shockingly, 96% of these attacks come through email.

Social Engineering 115

Social Engineering Cyber Attacks Cyber Insurance IoT 115

CyberSecurity Insiders

OCTOBER 24, 2022

The education sector is increasingly vulnerable to simple and sophisticated cyber threats, and higher learning is especially vulnerable. 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. Cyber insurance.

Education 58

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.

Cyber Risk 131

Cyber Risk Risk Cyber Insurance Insurance 131

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.

Cybersecurity 89

Cybersecurity Cyber Insurance Insurance Social Engineering 89

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. But not insurance companies.

Backups 136

Backups Ransomware Insurance Cyber Insurance 136

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.

Ransomware 98

Ransomware Backups Encryption Cybersecurity 98