SecureWorld News

SEPTEMBER 10, 2020

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. The number one type of cyber incident so far this year is ransomware.

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Cyber Insurance Insurance Ransomware Cyber Attacks 55

SC Magazine

MAY 24, 2021

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

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Cyber Insurance Insurance Marketing Cyber Risk 94

Security Boulevard

JULY 30, 2022

Staying Ahead of the Distortion of a Cyber Attack? Each firewall, IDS, MFA, and email security is built to protect and stop cyber attacks. In that case, they may upload fake documents that tell employees to transfer money from their accounts into the criminals’ accounts or compromise their security even more.

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Cyber Attacks Artificial Intelligence Education Cyber Insurance 110

Schneier on Security

FEBRUARY 28, 2024

One possible solution, touted by former Department of Homeland Security Secretary Michael Chertoff on a recent podcast , would be for the federal government to step in and help pay for these sorts of attacks by providing a cyber insurance backstop.

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Cyber Insurance Insurance Government Cyber Risk 235

Malwarebytes

JANUARY 26, 2022

Due to the evolving and growing impact of cybersecurity incidents there are some questions starting to arise about the way that insurance companies deal with the costs that are the results of such incidents. But cyber insurance comes in different flavors and sizes. An act of war? Lloyd’s of London.

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Insurance Cyber Insurance Ransomware Data breaches 83

CyberSecurity Insiders

MAY 26, 2021

A team of experts from the cyber arm of Congress is busy studying the costs involved when the critical infrastructure is targeted by cyber attacks.

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Insurance Risk Cyber Insurance Cyber Attacks 78

Security Boulevard

AUGUST 22, 2022

Even with ransomware costing billions of dollars in losses and cyber insurance claims, organizations are still impacted beyond the checkbook. Email phishing, brute force, and even employees leaving with a host of USB sticks, organizations face countless and often unreported cyber attacks.

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Cybersecurity Cyber Insurance Insurance CISO 98

Security Boulevard

MAY 12, 2022

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? For organizations seeking cyber insurance, the road for predictable security runs in parallel.

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Cyber Insurance Insurance Marketing Firewall 105

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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Cyber Insurance Insurance Data breaches Phishing 83

Malwarebytes

DECEMBER 20, 2022

From the H-Hotel release : “ unknown persons carried out a cyber attack on the IT network of the hotel company H-Hotels.com, which led to restrictions in digital communication. The cyber attack was discovered by the hotel company's IT security systems on Sunday. Another day, another ransomware press release.

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Ransomware Backups Cyber Insurance Encryption 78

Thales Cloud Protection & Licensing

NOVEMBER 15, 2023

Airports are high-risk locations and more vulnerable to cyber-attacks than airlines. For example, an aircraft tracking app using publicly accessible flight information doesn’t need the same security protocol as an accounts payable app. Therefore, paying due diligence for all security decisions is essential.

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Cybersecurity Authentication Digital transformation Cyber Insurance 87

eSecurity Planet

OCTOBER 5, 2021

Spending money you hadn’t budgeted to hire experts to clean up an unexpected mess is at the bottom of every manager’s wish list, but in the case of a cyber attack as damaging as ransomware , turning incident response over to a pro may be the best thing you can do. Unbiased Investigation.

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Ransomware Insurance Cyber Insurance Healthcare 125

Malwarebytes

OCTOBER 19, 2022

In theory , putting those keys out of reach is easy: You just need all your users to choose strong, unique passwords for every account they use, all the time. The more administrator accounts you have, and the more frequently they are used, the easier it for criminals to hijack one. A muli-layered approach to cyber attack prevention.

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Passwords Ransomware Backups Cyber Insurance 67

SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. These losses are not just monetary; the time and resources diverted to deal with the aftermath of an attack can significantly hamper operational efficiency.

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Cybersecurity Backups Cyber threats Software 92

Centraleyes

APRIL 8, 2024

They use this data to steal identities and access corporate accounts. consumers would not trust a company with their personal information if it had a data breach According to the above source, 44% blame cyber attacks on a company’s inadequate security measures. Malicious actors target personal data because of its value.

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Data privacy Unstructured Data Data breaches Government 52

Security Affairs

NOVEMBER 6, 2018

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. Based on the risk score, CryptoIns experts have calculated insurance rates for cryptocurrency exchange users who can now insure their accounts against cyber threats.

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Insurance Cryptocurrency Cyber threats Marketing 61

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 120

eSecurity Planet

FEBRUARY 16, 2021

A ransomware attack is about as bad as a cyber attack can get. It can shut down your business – in the case of healthcare organizations that can be life-threatening for patients – damage your reputation with customers and employees, and invite further attacks as cybercriminals view your organization as an easy mark.

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Ransomware Backups Software Encryption 97

CyberSecurity Insiders

JUNE 23, 2021

Well, tax consultants and accounts feel that the new legal draft might encourage crime and may not last long in practicality as IRS will be forced to make amendments paving way for the rise of new issues like crime encouragement and self-serviced cyber attacks. .

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Ransomware Cyber Insurance Insurance Cryptocurrency 76

eSecurity Planet

MARCH 17, 2023

Breach and Attack Simulation Product Guide Top 20 Breach and Attack Simulation (BAS) Vendors Penetration Testing Penetration testing is a tried-and-true method of cyber attack simulation.

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Network Security Penetration Testing Firewall Antivirus 115

Jane Frankland

DECEMBER 7, 2023

Cybersecurity can often feel like a game of cat and mouse where cyber attackers and defenders engage in a chase, with one party trying to outsmart the other. Just like in previous years, 2024 is set to test practitioners’ skills as the frequency of cyber threats continues to surge leaving no room for complacency.

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Cybersecurity Cyber threats Insurance Artificial Intelligence 130

eSecurity Planet

JUNE 1, 2021

Cybersecurity experts at both Microsoft and SecureWorks said that the hacker group – called Nobelium by Microsoft but which also is known as APT29 – accessed the Constant Contact email marketing account used by the U.S. Microsoft officials said the attack targeted 3,000 email accounts at 150 organizations.

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Phishing Mobile Government Cybersecurity 70

eSecurity Planet

JANUARY 11, 2022

Most traditional tools used for investigating cyber attacks cannot assess potential impacts on these environments. Cowbell Cyber. Cowbell Cyber is a dedicated cyber insurance company that relies on continuous risk assessment, AI data analytics, and real-time underwriting to give clients pre- and post-breach services.

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Cybersecurity Threat Detection Artificial Intelligence Risk 142

SecureWorld News

MAY 12, 2020

What do we know about this cyber attack on law firm of the stars? According to the bad actors behind REvil attacks, the initial ransom demand was an incredible $21 million. What could be happening behind the scenes of this ransomware attack? You might call it the ultimate Hollywood hush-money payment.

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Ransomware Insurance Backups Passwords 70

eSecurity Planet

APRIL 26, 2022

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. Also read : Top Cyber Insurance Companies. VCs are ultimately accountable to the wishes of their GPs and LPs and not afraid to make decisions to their benefit.

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