SecureWorld News

MARCH 5, 2025

That headache is real, of course, but accountants and lawyers will step up to sort it out," said Mike Wilkes , Former CISO, MLS; Adjunct Professor, NYU. Thinking a bit more widely, though, I can imagine there will be a concomitant rise in cyber espionage and attacks between groups of impacted groups in China and the U.S.

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eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. In addition, the U.S.

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eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks.

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SecureWorld News

MARCH 20, 2024

In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network. Here, cyber insurance serves as an invaluable safety net by offering essential financial coverage and support services in the event of a ransomware attack occurring.

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SecureWorld News

MAY 26, 2021

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year. cyber insurance market.

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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. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance.

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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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Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. 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. The necessity for cyber-insurance coverage.

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Duo's Security Blog

FEBRUARY 4, 2025

In its modern iteration, cyber liability insurance mitigates the losses and business costs associated with cyber incidents and resulting downtime. CyberCube, a company specializing in quantifying cyber risk, estimates that the U.S. standalone cyber insurance market could reach $45 billion in premiums by 2034.

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SC Magazine

MAY 19, 2021

The development of cybersecurity insurance has played an important role in determining how companies prepare for and respond to ransomware attacks and the resulting fallout. .” The post How the ransomware explosion is reshaping the cyber insurance market appeared first on SC Media.

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SC Magazine

APRIL 19, 2021

AIG is one of the top cyber insurance companies in the U.S. Today’s columnist, Erin Kennealy of Guidewire Software, offers ways for security pros, the insurance industry and government regulators to come together so insurance companies can continue to offer insurance for ransomware. eflon CreativeCommons CC BY 2.0.

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SC Magazine

APRIL 23, 2021

For example, they’re used in boardrooms as “eye candy” to portray the state of company cyber-risk, with supply chain partners to manage third-party risk and, even more frightening, by insurance companies to create risk profiles for cyber-insurance policies. Usually not.

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CyberSecurity Insiders

MARCH 25, 2021

Department for Digital, Culture, Media and Sport (DCMS) of UK conducted the survey and came to the above stated conclusion that shows how relaxed are businesses for cyber security. And sometimes cyber criminals are using email services to trick employees into making fraudulently large financial transfers via new business deals or contracts.

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SecureWorld News

JANUARY 31, 2024

Cyber risk is an existential issue for companies of all sizes and in all industries. However, it also exposes companies to additional layers of risk. While this is standard practice for addressing liability within the universe of real estate, deliberate and precise actions are required when negotiating cyber insurance coverage.

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SC Magazine

FEBRUARY 8, 2021

The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. There isn’t just one force leading this shift, and although cyber insurance is going to continue to be more commonplace, there are other actors in this story,” said Eddy Bobritsky, CEO at Minerva Labs.

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BH Consulting

JULY 17, 2024

One of the largest tech companies, Amazon Web Services, has now made it mandatory for privileged accounts. Security Week reported that Mandiant’s investigation traced the incident back to stolen credentials and found that targeted accounts weren’t using MFA. MFA is seen as a critical control in reducing the risk of account takeovers.

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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. These attacks have driven the cost of cyber insurance premiums higher. Cyber insurance has become more critical to organizations to help offset the risk to the company.

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SC Magazine

JULY 13, 2021

Malicious cyberattacks caused the majority of these security incidents, accounting for 73% of all breaches. Unauthorized access or disclosure accounted for another 22%, and the remaining 5% were caused by smaller thefts, losses, or improper disposals. More than 22.8 Another 20.7% were attributed to extortion.

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Duo's Security Blog

OCTOBER 18, 2021

#BeCyberSmart,” with this post we’ll dig deeper on cyber liability insurance, MFA, and other cybersecurity trends impacting MFA usage in higher education to help campuses manage this aspect of cyber risk for their communities. MFA is core to implementing a zero trust stance to protect your campus.

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SC Magazine

MAY 28, 2021

Colonial Pipeline also heightened discussion about the influence of ransomware attacks on cyber insurance. Even before the incident, some insurers dropped coverage for ransomware payments, while others began to ratchet up cybersecurity standards for coverage in an effort to prevent an attack. .

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eSecurity Planet

MARCH 17, 2023

They make it possible to securely share credentials with other users in the organization, help you generate stronger passwords, offer account recovery options, and alert administrators if unusual behavior is detected.

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SecureWorld News

AUGUST 23, 2023

For a solid rundown of what the updates mean, check out this SecureWorld article from Kip Boyle , vCISO, Cyber Risk Opportunities LLC. The new NIST framework takes those challenges into account, but as always, it comes down to the humans to adhere to these guiding principles. 19, Detroit on Sept.

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Digital Shadows

NOVEMBER 26, 2024

Key Points Phishing incidents rose during the reporting period (August 1 to October 31, 2024), accounting for 46% of all customer incidents. Cloud services alerts increased by 20% due to rising cloud account usage, while malicious file alerts in phishing attacks remain high, exploiting users’ tendencies to open files.

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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. AllegisCyber Investments.

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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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eSecurity Planet

JANUARY 11, 2022

Deduce is an identity-focused cybersecurity startup with two core solutions: Customer Alerts for protecting users and their data from account takeover and compromise, and Identity Insights for validating legitimate users and stopping fraud. Cowbell Cyber. Read more: OAuth: Your Guide to Industry Authorization.

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Jane Frankland

DECEMBER 7, 2023

Vigilance and enhanced cybersecurity measures, such as robust defences and proactive incident response, are crucial for governments, organisations, and individuals to mitigate these risks. Bad Bots (fake account creation, account takeovers, scraping, account management, and in-product abuse, etc.)

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Adam Levin

MARCH 26, 2020

Cyber insurance is still evolving, and as such you can still get good deals even if your cybersecurity is not completely up to snuff. Who is accountable? At some point that will be a question that cyber insurers will think about 24/7, solutions evolving alongside challenges and underwriting calculations following close behind.

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Krebs on Security

MARCH 4, 2022

. “Install EDR on every computer (for example, Sentinel, Cylance, CrowdStrike); set up more complex storage system; protect LSAS dump on all computers; have only 1 active accounts; install latest security updates; install firewall on all network.” “They are insured for cyber risks, so what are we waiting for?”

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