SecureWorld News

APRIL 29, 2022

Cyber insurance is a topic that many industry professionals have an opinion on. No matter what side of the debate you land on, one thing is certain: the cost of cyber insurance has been rising for years and will likely continue to do so. cyber insurance rate changes.

Cyber Insurance 80

Cyber Insurance Insurance Cyber Risk Security Defenses 80

Security Boulevard

APRIL 28, 2022

The post Cyber Insurance: What to Know for 2022 and Beyond appeared first on Hyperproof. The post Cyber Insurance: What to Know for 2022 and Beyond appeared first on Security Boulevard.

Cyber Insurance 52

Cyber Insurance Insurance Cybersecurity Data privacy 52

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.

Cyber Insurance 87

Cyber Insurance Insurance Data breaches Phishing 87

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.

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Cyber Insurance Insurance Cyber Risk Authentication 78

CyberSecurity Insiders

NOVEMBER 15, 2022

Cyber Insurance premiums are becoming dearer and the reason for such a rise is claimed to be sophistication in attacks that are making mitigation and recovery expensive. Most companies are showing laxity in following basic cyber security hygiene, leading to a surge in cyber-attacks and data breaches.

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Cyber Insurance Insurance Marketing Data breaches 84

Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. Cyber has changed everything around us – even the way we tackle geopolitical crisis and conflicts. 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.

Cyber Insurance 76

Cyber Insurance Insurance Risk Technology 76

CSO Magazine

AUGUST 22, 2022

Insurance marketplace Lloyd’s of London is set to introduce cyber insurance exclusions to coverage for “catastrophic” state-backed attacks from 2023. The move is reflective of a maturing and quickly evolving cyber insurance market. Nation-state attacks pose systemic risk to insurers.

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Cyber Insurance Insurance Marketing Risk 72

Webroot

JULY 25, 2022

The RSA Conference 2022 – one of the world’s premier IT security conferences – was held June 6th-9th in San Francisco. But attendees and presenters alike made up for it with their eagerness to explore emerging IT security trends that have developed over the past year – a venue like RSA Conference 2022 delivered on tenfold.

Cyber Insurance 124

Cyber Insurance Insurance Marketing Phishing 124

The Hacker News

APRIL 10, 2023

With the increasing use of technology in our daily lives, cybercrime is on the rise, as evidenced by the fact that cyberattacks caused 92% of all data breaches in the first quarter of 2022. Staying current with cybersecurity trends and laws is crucial to combat these threats, which can significantly impact business development

Cyber Insurance 88

Cyber Insurance Insurance Cybersecurity Data breaches 88

Bleeping Computer

AUGUST 5, 2022

For the most part, it has been a quiet week on the ransomware front, with a few new reports, product developments, and attacks revealed. [.].

Cyber Insurance 85

Cyber Insurance Insurance Ransomware 85

CSO Magazine

JANUARY 13, 2023

The Royal ransomware group is believed to be actively exploiting a critical security flaw affecting Citrix systems, according to the cyber research team at cyber insurance provider At-Bay.

Cyber Insurance 129

Cyber Insurance Ransomware Insurance Authentication 129

Dark Reading

JUNE 10, 2022

Cloud migration, DevSecOps, cyber insurance, and more have emerged as important motivators for cybersecurity investment and focus.

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Cloud Migration Cyber Insurance CISO Insurance 95

CSO Magazine

MAY 15, 2023

Companies with cyber insurance are more likely to get hit by ransomware, more likely to be attacked multiple times, and more likely to pay ransoms, according to a recent survey of IT decision makers. To read this article in full, please click here

Insurance 123

Insurance Cyber Insurance Ransomware Encryption 123

The State of Security

JUNE 13, 2022

Sophos Labs recently released its annual global study, State of Ransomware 2022, which covers real-world ransomware experiences in 2021, their financial and operational impact on organizations, as well as the role of cyber insurance in cyber defense.

Ransomware 134

Ransomware Cyber Insurance Insurance Malware 134

Webroot

OCTOBER 14, 2022

In other words, 2022 has been an eventful year in the threat landscape, with malware continuing to take center stage. The 6 Nastiest Malware of 2022. 2022 was no different. 2022 was no different. With that, here are the 6 Nastiest Malware of 2022. Here are this year’s wicked winners.

Malware 61

Malware Antivirus DDOS Cyber Insurance 61

CyberSecurity Insiders

FEBRUARY 21, 2023

ransomware does so during negotiations and tries to find the exact amount to be covered with the cyber insurance and then demands ransom. From Cyber Insurance POV, this seems like a scam stuck between the victim and those spreading the malware….

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Insurance Ransomware Cyber Insurance Encryption 124

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

CSO Magazine

NOVEMBER 17, 2022

As Fortinet’s FortiGuard Labs team found, the number of new ransomware variants doubled in just the first half of 2022 compared to the previous six-month period. It’s no wonder more companies are turning to cyber insurance to help recoup their losses when they do have to pay a ransomware settlement.

Cyber Insurance 91

Cyber Insurance Ransomware Insurance Hacking 91

CSO Magazine

JUNE 14, 2023

Finding the right insurance has become a key part of the security equation, which is no surprise given that the average cost of a data breach in the US has risen to $9.44 The global cyber insurance market was valued at $13.33 billion in 2022, according to research by Fortune Business Insights , and is expected to grow from $16.66

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Insurance Data breaches Cyber Insurance Marketing 121

SecureWorld News

DECEMBER 27, 2022

While claims due to natural catastrophes are expected to top $100 billion in 2022 -- as it did in 2021 -- losses due to cyber attacks continue to climb. Insurance underwriters have no choice but to try and limit exposure through providing less coverage or hiking up the cost of cyber insurance.

Insurance 71

Insurance Cyber Attacks Cyber Insurance Marketing 71

Security Boulevard

JUNE 2, 2022

Ransomware attacks increased by yet another 80% between February 2021 and March 2022, based on an analysis of ransomware payloads seen across the Zscaler cloud. Prepare for the worst with cyber insurance, a data backup plan, and a response plan as part of your overall business continuity and disaster recovery program.

Ransomware 105

Ransomware Architecture Manufacturing Encryption 105

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. Read more: Top Enterprise Network Security Tools for 2022. Also read: Top Endpoint Detection & Response (EDR) Solutions for 2022.

Cybersecurity 142

Cybersecurity Threat Detection Artificial Intelligence Risk 142

eSecurity Planet

JULY 8, 2022

The post Best Disaster Recovery Solutions for 2022 appeared first on eSecurityPlanet. Organizations need to ensure that all these parties work as a cohesive team in order to fulfill their roles and responsibilities, which also increases the overall complexity of ransomware recovery.”. Read next: Best Incident Response Tools and Software.

Backups 142

Backups Ransomware Technology Marketing 142

IT Security Guru

DECEMBER 5, 2022

Everyone in the cyber insurance industry or trying to get cyber insurance today knows that using multifactor authentication (MFA) is an absolute make-or-break requirement for getting a cyber insurance policy; or if you can get a policy without MFA, you will pay a hefty increased premium for the same amount of coverage.

Insurance 110

Insurance Cyber Insurance Phishing Social Engineering 110

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.

Cybersecurity 126

Cybersecurity Technology Marketing Healthcare 126

Thales Cloud Protection & Licensing

MAY 9, 2022

Mon, 05/09/2022 - 05:40. Attacks on Critical National Infrastructure will continue to rise in 2022 as ransomware gangs show no signs of abating. However, even after the Colonial Pipeline attack, less than half of businesses (48%) have a formal ransomware plan according to the 2022 Thales Data Threat Report. east coast.

Cyber Insurance 71

Cyber Insurance Insurance Backups Ransomware 71

Security Boulevard

JANUARY 9, 2023

Cybersecurity budgets under pressure…regulators tightening risk disclosure rules.breakdown in the cyber insurance market. As 2022 ended, a series of trends lined up that will set the agenda in 2023 for cyber risk and security leaders.

Cyber Risk 52

Cyber Risk Risk Cyber Insurance Insurance 52

eSecurity Planet

JULY 12, 2022

Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. Also read: Top 8 Cyber Insurance Companies for 2022 Best Ransomware Removal and Recovery Services. Most had been infected.

Ransomware 144

Ransomware Cyber Insurance Backups Insurance 144

Security Affairs

DECEMBER 28, 2022

With the increase in the number of cyber attacks, a growing number of organizations opted to transfer the cyber risk by underwriting cyber insurance. The increase in cyber losses in recent years pushed up prices, some insurance companies also changed their policies to limit their refunds in case of cyber incidents.

Cyber Attacks 85

Cyber Attacks Cyber Insurance Insurance Cyber Risk 85

CyberSecurity Insiders

MAY 1, 2023

Surprisingly, the analysis conducted by American law firm BakerHostetler found that victims who made ransomware payments increased in the year 2022 compared to 2021. By the way, data spills occurring from state-funded hacks are no longer covered under cyber insurance.

Data breaches 138

Data breaches Cyber Insurance Insurance Technology 138

CyberSecurity Insiders

APRIL 19, 2022

M-Trends 2022 report not only disclosed what threat actors are doing, but has also offered ways to mitigate risks. And from early 2022, the focus of the cyber criminals has shifted towards core business environments such as virtualization as any attack on such operations will lead to complex IT disasters.

Ransomware 120

Ransomware Cyber Insurance Insurance Cryptocurrency 120

SecureWorld News

MARCH 28, 2024

Department of Homeland Security (DHS) is set to implement long-awaited rules that will require critical infrastructure entities across multiple sectors to report cyber incidents and ransomware payments to the federal government.

Cyber Insurance 91

Cyber Insurance Government Insurance Cyber Risk 91

Security Affairs

FEBRUARY 8, 2024

Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Cyber Skills Gap: By 2025, there could be 3.5 million unfilled cyber security jobs, showing a big need for skilled professionals. Market Size: The AI cyber security market was worth around $17.4

Social Engineering 115

Social Engineering Cyber Attacks Cyber Insurance IoT 115

BH Consulting

SEPTEMBER 7, 2022

And the cyber insurance market keeps growing. Fitch Ratings estimates annual cyber risk premiums are between $8-10 billion today. The post Security Roundup September 2022 appeared first on BH Consulting. By 2025, it expects them to grow to more than $22 billion. The Log4J ‘gift’ will keep giving. Sign up here.

Insurance 40

Insurance Social Engineering Cyber Risk Cyber Insurance 40

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

Security Boulevard

JUNE 12, 2022

Sophos Labs recently released its annual global study, State of Ransomware 2022, which covers real-world ransomware experiences in 2021, their financial and operational impact on organizations, as well as the role of cyber insurance in cyber defense.

Ransomware 52

Ransomware Cyber Insurance Insurance Malware 52

Security Affairs

FEBRUARY 21, 2023

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. The HardBit ransomware group first appeared on the threat landscape in October 2022, but unlike other ransomware operations, it doesn’t use a double extortion model at this time. Very important!

Insurance 75

Insurance Ransomware Cyber Insurance Malware 75