Cisco Security

JANUARY 10, 2023

Here are the topics that I think will be top of mind in 2023, and what CISOs can do to prepare. As a result of this, next year we could see CISOs tightening up the disclosure decision making process, focusing on quicker and greater clarity on breach impact, and even looking to include personal liability cover in cyber insurance contracts.

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CISO Insurance Cyber Insurance Phishing 142

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.

Cyber Insurance 72

Cyber Insurance Insurance Marketing Risk 72

SecureWorld News

DECEMBER 7, 2022

But 2023 might be the year it all comes to fruition. In 2023, experts predict we will see even more widespread adoption of AI in cybersecurity. This has led to a competitive job market and has made it difficult for businesses to find, hire, and retain the talent they need to protect themselves from cyberattacks.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance Social Engineering 98

CyberSecurity Insiders

JANUARY 10, 2023

this tumultuous climate, it’s a safe bet to say that 2023 will be a year in which cybersecurity remains top of mind. Customer networks will become increasingly complex in 2023 as companies continue to move their critical assets to the cloud environment. In 2023, Microsoft Active Directory (AD) will continue to be a major risk.

Cybersecurity 108

Cybersecurity Identity Theft Cyber Insurance IoT 108

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 2023 to $84.62 million — more than twice the global average of $4.35

Insurance 121

Insurance Data breaches Cyber Insurance Marketing 121

Security Boulevard

JANUARY 8, 2023

There are dark clouds on the horizon as well as conflicting forecasts regarding cyber insurance in 2023 and beyond. Where will the insurance market go from here on cybersecurity coverage? The post Are Cyber Attacks at Risk of Becoming ‘Uninsurable’? appeared first on Security Boulevard.

Cyber Attacks 98

Cyber Attacks Cyber Insurance Risk Insurance 98

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 94

Insurance Cyber Attacks Cyber Insurance Marketing 94

Security Affairs

FEBRUARY 8, 2024

Ransomware Attacks: In 2023, a whopping 72.7% Data Breach Costs: The average global cost of a data breach in 2023 was $4.45 Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Market Growth: AI cyber security technology is projected to grow by 23.6%

Social Engineering 143

Social Engineering Cyber Attacks Cyber Insurance IoT 143

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

BH Consulting

JULY 17, 2024

Cyber insurance: whisper it, but it seems to be working Cyber insurance premiums have dropped by 15 per cent compared to their peak in 2022. Howden’s annual report found that reported ransomware incidents were up by 18 per cent in the first five months of this year compared to 2023.

Cyber Insurance 69

Cyber Insurance Insurance Risk Marketing 69

Centraleyes

JUNE 9, 2025

According to a Gartner survey conducted between April and June 2023, 52% of IT and information security leaders reported that adopting Cyber Risk Quantification (CRQ) increased board and leadership confidence in their security programs. Nearly half (46%) observed an improved understanding of cyber-risk exposure across the business.

Cyber Risk 52

Cyber Risk Risk Insurance Cyber Insurance 52

SecureWorld News

DECEMBER 1, 2022

The California Privacy Rights Act (CPRA)—a more stringent update of the California Privacy Protection Act (CCPA)—goes into effect January 1, 2023, adding in employee data and business-to-business data under its scope of privacy protection. Cyber insurance (critical). Scott Giordano, General Counsel and. VP of Corporate Privacy.

InfoSec 96

InfoSec Cyber Insurance Consumer Protection Insurance 96

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. MORE SANS Institute lists the top five most dangerous attacks in 2023.

Social Engineering 52

Social Engineering Data breaches Scams DDOS 52

Security Affairs

NOVEMBER 6, 2018

Group-IB, an international company that specializes in preventing cyber attacks, and a Swiss insurance broker ASPIS SA that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges cybersecurity, allowing the exchanges’ clients to ensure their assets. Pierluigi Paganini.

Insurance 98

Insurance Cryptocurrency Cyber threats Marketing 98

Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. ” APLHV disbanded in late December 2023 after conducting an exit scam against its affiliates.

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Cyber Attacks Phishing Ransomware Cyber Insurance 59

Digital Shadows

OCTOBER 14, 2024

lower than in Q3 2023. compared to Q3 2023. Figure 1: Number of compromised organizations listed on data-leak sites, Q4 2023–Q3 2024 In Q3 2024, new top contenders emerged, challenging LockBit’s dominance. However, some cyber insurance policies explicitly forbid ransom payments.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

Centraleyes

MAY 6, 2024

As artificial intelligence shatters glass ceilings, the risks it introduces present a new paradigm to the insurance market in many different areas. Large insurance companies like Brown and Brown, AXA, Allstate, and State Farm have already taken the first steps in integrating generative AI models. trillion to $4.4

Insurance 52

Insurance Artificial Intelligence Cyber Insurance Marketing 52

Digital Shadows

JANUARY 14, 2025

Researchers reported that the median ransom payment rose from $199,000 in 2023 to $1,500,000 in 2024. A more crowded landscape will likely drive ransomware operators to demand higher ransoms and adopt more sophisticated attack strategies to ensure their market share. But it’s not just the money that’s driving this trend.

Ransomware 126

Ransomware Social Engineering Phishing Manufacturing 126

Thales Cloud Protection & Licensing

NOVEMBER 15, 2023

Ready for Take-off: Rising Above Airport Cybersecurity Challenges sparsh Thu, 11/16/2023 - 04:52 Aviation is a fast-paced world, with airports around the globe serving billions of passengers annually. Enforce, sustain, and prove compliance with increasing regulatory and cyber insurance requirements.

Cybersecurity 87

Cybersecurity Authentication Cyber Insurance Digital transformation 87

Security Boulevard

JANUARY 18, 2024

I first explored and predicted the impacts several years ago and called out multiple shifts for the 2023 predictions. The commercial and black-market prices can be in the millions of dollars for a single vulnerability and accompanying exploit with the most valuable being zero-days for popular operating systems and cloud environments.

Risk 115

Risk Cybersecurity CISO Technology 115

Centraleyes

APRIL 9, 2024

The top five countries and regions for the highest average cost of a cyber security breach in 2023 were as follows: the US ($9.4 million, while compromised IP and customer data lead the pack in records stolen, costing companies an average of $183 per record in 2023. million per big data breach. million), the Middle East ($8.07

Data breaches 52

Data breaches Cyber Insurance Insurance Ransomware 52

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

The Pain of Double Extortion Ransomware divya Thu, 02/16/2023 - 06:10 Ransomware perpetrators are adopting more sophisticated attack techniques with much success. Many victims wind up paying a fraction of that amount, as they may be able to negotiate these charges down or rely on cyber insurance coverage to cover a portion of these costs.

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

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 131

Cyber Insurance Insurance Marketing Cyber Risk 131

Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. ” APLHV disbanded in late December 2023 after conducting an exit scam against its affiliates.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

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. We’re not longer limited to the local market. cyber insurance as a whole was changing heavily.

Internet 40

Internet Internet Insurance Cyber Insurance 40

BH Consulting

SEPTEMBER 7, 2022

The film is currently in production, with an anticipated release date of March 2023. And the cyber insurance market keeps growing. Fitch Ratings estimates annual cyber risk premiums are between $8-10 billion today. There’s more information at the documentary’s LinkedIn page. The Log4J ‘gift’ will keep giving.

Insurance 40

Insurance Social Engineering Cyber Risk Cyber Insurance 40

ForAllSecure

MAY 30, 2023

They'll look at the market cap, they'll look at stock prices, they'll look at the size of the organization. By no means. Does that mean that there was no ransomware occurring? It was still very active within the last year, just not at the volumes that we were seeing in previous years.

Ransomware 40

Ransomware Encryption Authentication Backups 40

Jane Frankland

DECEMBER 7, 2023

In 2023 they rose significantly , with ransom demands becoming more personal, (e.g. Additionally, expect to see more disclosures to regulators from hacking groups, like the one by ALPHV/BlackCat to the SEC in November 2023. Cyber Insurance In 2024, the cyber insurance landscape is expected to undergo significant changes.

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Cybersecurity Cyber threats Insurance IoT 130

Krebs on Security

MARCH 2, 2023

“Any such legislation should prevent manufacturers and software publishers with market power from fully disclaiming liability by contract, and establish higher standards of care for software in specific high-risk scenarios,” the strategy explains. When the Bush administration released the first U.S.

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