Cisco Security

SEPTEMBER 28, 2022

Lloyds of London have recently published a Market Bulletin 1 addressing the wording of cyber insurance policies to exclude losses arising from: “ state backed cyber-attacks that (a) significantly impair the ability of a state to function or (b) that significantly impair the security capabilities of a state. ”. Malpedia Actors.

Cyber Insurance 99

Cyber Insurance Insurance CISO Cyber Attacks 99

CSO Magazine

MAY 5, 2023

Pharmaceutical firm Merck recently won an appeal that could mean its insurers will have to pay up on a $1.4-billion As detailed in the judges’ decision, many of the original defendants settled their portion of the insurance claim with Merck. billion judgment related to the NotPetya cyberattack in 2017.

Cyber Insurance 77

Cyber Insurance Insurance Accountability 77

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.

Cyber Insurance 56

Cyber Insurance Insurance Cyber Risk Marketing 56

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

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).

Cyber Insurance 94

Cyber Insurance Insurance Marketing Cyber Risk 94

Security Boulevard

JANUARY 19, 2022

Our customers often ask us for help addressing the requirements of insurers. The post How ThreatX Can Help Address Cyber Insurance Critical Controls appeared first on ThreatX. The post How ThreatX Can Help Address Cyber Insurance Critical Controls appeared first on ThreatX.

Cyber Insurance 52

Cyber Insurance Insurance Accountability 52

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.

Cyber Insurance 54

Cyber Insurance Insurance Ransomware Cyber Attacks 54

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. That in itself has evolved, as insurers and insured learn just how expensive that fallout can be. The ransomware reality check for insurers.

Cyber Insurance 102

Cyber Insurance Insurance Marketing Ransomware 102

Security Boulevard

AUGUST 20, 2021

Cyber insurance is driving a long overdue improvement in user access security. Multi-factor authentication (MFA) is fast becoming a requirement for all privilege and non-privilege accounts, whether users are working on the internal network or remotely. It seems insurers … Continued.

Insurance 113

Insurance Cyber Insurance Authentication Network Security 113

Schneier on Security

FEBRUARY 28, 2024

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion. 11, 2001, terrorist attacks.

Cyber Insurance 225

Cyber Insurance Insurance Government Cyber Risk 225

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.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

SC Magazine

FEBRUARY 8, 2021

Every time a driver buckles up or an airbag is deployed we see the powerful influence of the insurance companies who insisted those measures become mandatory. Now, those insurers are poised to drive cybersecurity investment by insisting that organizations meet certain criteria to qualify for coverage. A maturing model.

Insurance 126

Insurance Cyber Insurance Cybersecurity Government 126

SecureWorld News

JANUARY 31, 2024

For those in the real estate industry—including real estate owners, developers, property managers, real estate investment trusts (REITs), hospitality groups, and investment managers—cyber risks are more complicated because of the multilayered environment and multiple stakeholders who are involved.

Risk 79

Risk Cyber Insurance Insurance Data breaches 79

CyberSecurity Insiders

MAY 26, 2021

The objective is to reassess the coverage provided by the Federal Cyber Terrorism Risk Insurance Program( TRIP) in the event of cyber-terrorist activities on the IT infrastructure hosted by public and private properties.

Insurance 78

Insurance Risk Cyber Insurance Cyber Attacks 78

Security Boulevard

FEBRUARY 2, 2023

Many organizations are struggling today with aligning their security controls with what underwriters now require in order to get insurance coverage against ransomware attacks. The post <strong>Need an Insurance Policy Against Ransomware Attacks? The post Need an Insurance Policy Against Ransomware Attacks?

Insurance 98

Insurance Ransomware Cyber Insurance Accountability 98

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. Pharmaceutical giant Merck & Co. Merck suffered US$1.4

Insurance 87

Insurance Cyber Insurance Ransomware Data breaches 87

Duo's Security Blog

OCTOBER 18, 2021

One area where campuses have been collaborating recently are changes around cyber liability insurance for higher education, an opportunity for campus cybersecurity teams to combine forces with their risk management team. In a recent Duo blog post, we gave an overview of cyber liability insurance.

Insurance 65

Insurance Education Risk Cyber Insurance 65

SC Magazine

MARCH 2, 2021

Google Cloud, Munich Re and Allianz are working together to turn risk data into better insurance policies. Customers on Google Cloud are now able to use a diagnostic tool called “Risk Manager” to evaluate cyber hygiene. Parisi said it would also allow insurers to be more transparent with clients about their calculations.

Insurance 75

Insurance Cyber Insurance Risk Media 75

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

Malwarebytes

JULY 11, 2022

TikTok is “unacceptable security risk” and should be removed from app stores, says FCC Google to delete location data of trips to abortion clinics IconBurst software supply chain attack offers malicious versions of NPM packages Discord Shame channel goes phishing Verified Twitter accounts phished via hate speech warnings Apple Lockdown (..)

Cyber Insurance 78

Cyber Insurance Insurance Spyware Healthcare 78

Security Boulevard

MAY 12, 2022

Even with the advancements in network isolation, containment, and prevention at the endpoint, hackers will still bypass predictive controls to execute malware attacks, ransomware exploits, account takeovers.etc. The Role Of Cybersecurity Insurance In A Predictive Security. What Is Not Covered Under Cyber Insurance?

Cyber Insurance 104

Cyber Insurance Insurance Marketing Firewall 104

CSO Magazine

AUGUST 16, 2022

Cybersecurity risk assessment company Safe Security on Tuesday rolled out two new online risk assessment tools for businesses to use, in order to help them understand their vulnerability to cyberattacks and the costs of insuring against them. Risk tools measure financial impact of cyberthreats.

Risk 61

Risk Cyber Insurance Insurance Data breaches 61

Security Affairs

DECEMBER 2, 2020

The attack did not affect the Learning Management System (“LMS”) that is used to provide educational content to students and to host student accounts. They also state that most major systems, including payroll, accounting, and enrollment systems, were unaffected. “K12 Inc. NYSE: LRN) (“Stride” or “we”) – to be Stride, Inc.

Education 119

Education Cyber Insurance Insurance Ransomware 119

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. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?

Insurance 64

Insurance Cryptocurrency Cyber threats Marketing 64

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.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance CISO 98

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 89

Cyber Insurance Insurance Data breaches Phishing 89

CyberSecurity Insiders

JUNE 22, 2023

Instead, the ransom pay can be covered from a cyber insurance policy, provided it is taken prior to the launch of the attack and covers the costs associated with the malware attack. Notify your bank: Inform your bank about the situation and work with them to protect your accounts and prevent any fraudulent activity.

Ransomware 96

Ransomware Banking Cyber Insurance Insurance 96

CyberSecurity Insiders

MARCH 25, 2021

And sometimes cyber criminals are using email services to trick employees into making fraudulently large financial transfers via new business deals or contracts. Seeking cyber insurance coverage, creating awareness among employees and protecting accounts with 2FA is the advice that is being given by the researchers of DCMS.

Cyber threats 128

Cyber threats Cyber Insurance Insurance Cyber Risk 128

Malwarebytes

MAY 2, 2022

Hospitals taken offline after cyberattack Emotet fixes bug in code, resumes spam campaign “Reject All” cookie consent button is coming to European Google Search and YouTube What’s happening in the world of personal cyber insurance? URGENT BUSINESS PROPOSAL!!!” Critical patches for Chrome and Edge.

Cyber Insurance 65

Cyber Insurance Insurance Cryptocurrency Scams 65

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.

Data breaches 113

Data breaches Insurance Healthcare Education 113

eSecurity Planet

OCTOBER 5, 2021

Cyber Insurance companies used to simply provide lists of potential vendors approved by the insurer, but with the rising costs of breaches, insurers need to control costs. We can also hold them accountable for any mistakes they make and push some of the potential liability in their direction.

Ransomware 139

Ransomware Insurance Cyber Insurance Healthcare 139

Malwarebytes

SEPTEMBER 30, 2022

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. Baltimore learned this the hard way. (An

Government 59

Government Cybersecurity Cyber Insurance Insurance 59

Security Boulevard

JULY 30, 2022

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. While enforcement of FERPA is left to the department of education, there is some sense of data accountability and disclosure of events.

Cyber Attacks 108

Cyber Attacks Artificial Intelligence Education Cyber Insurance 108

SecureWorld News

JULY 29, 2021

A reminder would be sent out after four weeks, a warning after five weeks, and a suspension of all email accounts after eight weeks. From his point of view, taking the training is about two things: the city's insurance policy and the city's constituents. All other council members completed the requirement. Mobile CTO responds.

Security Awareness 98

Security Awareness Mobile Insurance Cyber Insurance 98

Centraleyes

APRIL 9, 2024

Insurance Woes While grappling with the aftermath of breaches, organizations face an unexpected challenge – soaring cyber insurance premiums. Ransomware and Destructive Attacks In 2023, ransomware and destructive attacks accounted for 24% and 25% of malicious attacks, respectively. or USD 470,000.

Data breaches 52

Data breaches Cyber Insurance Insurance Ransomware 52

Cytelligence

JANUARY 14, 2020

This malware can steal payment data, credentials and funds from victims’ bank accounts, and new versions are available for widespread distribution by anyone that’s willing to pay the malware’s developers. This will, in turn, will lead to more attacks, and fast growth for the cyber insurance industry.

Cybersecurity 65

Cybersecurity Cyber Insurance Insurance Ransomware 65

CyberSecurity Insiders

OCTOBER 20, 2021

On the business side, the plan should address elements such as having a communication plan for the CISO, CIO and company executives as well as a risk management component that includes cyber insurance. Backup Strategy. Having a backup strategy is also critical.

Ransomware 111

Ransomware Backups Insurance Cyber Insurance 111