IT Security Guru

FEBRUARY 28, 2023

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

NOVEMBER 14, 2022

As the risk of a cyberattack grows, it is pivotal to consider whether the directors of a company hit by a ransomware attack, for example, can bear any liability for negligence in failing to take steps to limit the risk. The size of the cyber risk to companies cannot be underestimated.

Cyber Risk 111

Cyber Risk Insurance Cyber Attacks Risk 111

Digital Shadows

NOVEMBER 10, 2022

Sporting events, like the upcoming FIFA World Cup Qatar 2022 (Qatar 2022 World Cup), attract massive attention from every corner of the world. So, it is extremely important to shine a light on some of the most pressing cyber threats to prevent and mitigate them ahead of time.

Cyber threats 52

Cyber threats Media Social Engineering Mobile 52

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.

Cybersecurity 142

Cybersecurity Threat Detection Artificial Intelligence Risk 142

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. Tue, 05/10/2022 - 05:43. As cyber criminals mature and advance their tactics, small and medium businesses become the most vulnerable because they lack the capacity – staff, technology, budget - to build strong cyber defenses. Use multi-factor authentication (MFA).

Cyber Insurance 78

Cyber Insurance Insurance Cyber Risk Authentication 78

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.

Cybersecurity 126

Cybersecurity Technology Marketing Healthcare 126

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.

Insurance 72

Insurance Risk Cyber Insurance Cybersecurity 72

eSecurity Planet

DECEMBER 15, 2021

Secure web gateway (SWG) solutions help keep enterprise networks from falling victim to ransomware , malware , and other threats carried by internet traffic and malicious websites. They prevent advanced attacks from reaching users with consistent, always-on protection regardless of location.

Digital transformation 101

Digital transformation Engineering Internet Internet 101

Security Boulevard

APRIL 28, 2022

Thu, 04/28/2022 - 14:39. That’s why Onapsis and SAP have been partnering together to empower executives to mitigate what we believe is one of the most critical types of cyber risk facing organizations. December 2021: Onapsis and SAP Work Together to Protect SAP Applications from Ransomware. maaya.alagappan.

Cyber Risk 96

Cyber Risk Risk Cyber Attacks Internet 96

The Security Ledger

NOVEMBER 21, 2023

Air Force personnel way back in 2005 as a way to talk about the kinds of enduring cyber attacks and attempts at data exfiltration they were observing. And those firms are under attack. In fact, the term “advanced persistent threat” (or APT) was concocted by U.S. ” And its a big problem.

Small Business 52

Small Business Cyber Attacks Hacking Cyber Risk 52

BH Consulting

JULY 13, 2023

The 51-page report goes into detail on the threat landscape, risks to key sectors and supply chain risks. The Irish Independent reported that the Government also plans to set up a national anti-ransomware organisation. MORE This Map from Orange tracks the growth of ransomware gangs since 2015.

Cyber Risk 52

Cyber Risk Artificial Intelligence Risk Cyber Attacks 52

eSecurity Planet

MAY 3, 2022

The Attack Surface Management team at Group-IB said it constantly scans the IPv4 landscape for exposed databases, potentially unwanted programs, and other risks. From Q1 2021 to Q1 2022, the team discovered 399,200 exposed databases due to those efforts. According to the Attack Surface Management team, an average of 170.2

Social Engineering 126

Social Engineering Internet Internet Risk 126

Security Affairs

JANUARY 19, 2022

NotPetya and WannaCry ransomware—to cause significant, widespread damage to critical infrastructure.” ” Microsoft spotted a destructive malware, tracked as WhisperGate , that targeted government, non-profit, and IT entities in Ukraine with a wiper disguised as ransomware. ” reads the insights” document.

Malware 68

Malware Cyber Attacks Government Ransomware 68

Jane Frankland

JANUARY 12, 2022

Last year, the World Economic Forum (WEF) Global Risk Report , which has been used for more than a decade by organisations around the world as a risk assessment tool, named ‘cybersecurity failure’ as the fourth-most clear and present short-term danger to the global economy. Due to increasing cyber-attacks, they mandated U.S.

Workplace Security 100

Workplace Security Data breaches Cyber Attacks Risk 100

Security Affairs

APRIL 22, 2022

According to a report by IDC , by the end of 2022, nearly 65% of the global GDP will be digitized — reliant on a digital system of some kind. This shift to digital technology has created a new class of digital risks that are constantly evolving and strike faster and often with more severity than traditional risks.

Cyber Insurance 76

Cyber Insurance Insurance Risk Technology 76

Digital Shadows

NOVEMBER 1, 2022

As we move towards the end of 2022, now is the time to take a look back at the major trends from the last eleven months and identify what might happen from a cyber threat perspective in 2023. Many groups that have faced law enforcement attention often follow an impactful attack being made against a sensitive target.

Cyber threats 52

Cyber threats Ransomware Media Data breaches 52

BH Consulting

JANUARY 11, 2022

From ransomware and scams to security frameworks and employee privacy, our 2021 ‘greatest hits’ show how broad the areas of cybersecurity and data protection can be. We begin with a look at a contentious topic: cyber risk insurance. However, John warned against thinking a cyber risk policy by itself is sufficient protection.

Cybersecurity 59

Cybersecurity Insurance Scams Cyber Risk 59

Security Affairs

JUNE 23, 2021

The European Union Agency for Cybersecurity welcomes the European Commission proposal to launch the new Joint Cyber Unit. The European Commission proposed on Wednesday the creation of a new Joint Cyber Unit that aims at providing a coordinated response to large-scale cyber attacks and crises. Pierluigi Paganini.

Cybersecurity 73

Cybersecurity Cyber Risk Cyber threats Cybercrime 73

CyberSecurity Insiders

FEBRUARY 16, 2022

IDC reports that about 37% of organizations were the victim of a ransomware attack in 2021, and the average ransom fee requested has skyrocketed from just $5,000 in 2018 to $200,000 today. The financial losses and impact of a single attack dwarf the proposed $1.9 being the biggest target. million earmarked for cybersecurity.

Government 122

Government Cybersecurity Cybercrime Technology 122

SecureWorld News

DECEMBER 7, 2022

From advancements in artificial intelligence (AI) to the continued evolution of ransomware and cyberattacks, the coming year is sure to bring significant developments in the world of cybersecurity. November 30, 2022. As cyber professionals continue to adopt the technology, so will malicious threat actors. It nails it perfectly.

Cybersecurity 89

Cybersecurity Cyber Insurance Insurance Social Engineering 89

eSecurity Planet

FEBRUARY 2, 2022

Tens of thousands of applications that are critical to the operations of data centers around the globe are exposed to the internet, with many secured with default factory passwords, posing a significant cyber risk to enterprises worldwide. See also: Top Vulnerability Management Tools for 2022. Growing Presence of DCIM Software.

Internet 117

Internet Internet Passwords Software 117

Cytelligence

FEBRUARY 4, 2020

Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025. According to Aon’s 2019 Global Risk Management Survey , cyber-attacks were identified as a top ten risk facing organizations and is predicted to be one of the top three risks for organizations in 2022. “As

Penetration Testing 45

Penetration Testing Insurance Data preservation Cyber Insurance 45

CyberSecurity Insiders

APRIL 1, 2021

Others extract valuable personally identifiable information (PII) to sell on the Dark Web, while others look to extort money due to ransomware. Unfortunately, smaller municipalities do not have the resources to respond and will often be left struggling for hours, or even days, as the attack rages on.

Passwords 130

Passwords VPN Data breaches Accountability 130

Spinone

DECEMBER 27, 2018

Many organizations now have a “Cloud First” mentality, and SaaS is projected by Gartner to grow to 75 billion dollars by 2022 at a 19,2% compound annual growth rate. Growth of automated and sophisticated cyber attacks. The Cloud is changing, and cloud security solutions must evolve to keep the pace.

Risk 60

Risk Cyber Risk Technology Marketing 60