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. ”.

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Cyber Insurance Insurance CISO Cyber Attacks 99

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. If the technology were to become unavailable, the resulting business impact could be mitigated with cyber insurance.

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Cyber Insurance Insurance Risk Technology 81

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

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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Cyber Insurance Insurance Marketing Ransomware 102

SecureWorld News

JANUARY 31, 2024

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. All stakeholders, including insurers, need to understand whose cyber insurance policy responds to an incident.

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Risk Cyber Insurance Insurance Data breaches 85

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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Insurance Cyber Insurance Ransomware InfoSec 113

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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Cybersecurity Insurance Cyber Insurance Government 242

Security Boulevard

MAY 12, 2022

In the early 1990s, the Internet industry needed to move packets as fast as possible because some marketing genius came up with the idea that everyone could have “Unlimited Internet Access” for $9.95 Cisco came to market with the PIX firewall, Netscreen came to market with the ASIC based firewall, and suddenly, security had a voice.

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Cyber Insurance Insurance Marketing Firewall 105

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 Growth: AI cyber security technology is projected to grow by 23.6%

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Social Engineering Cyber Attacks Cyber Insurance IoT 120

Jane Frankland

DECEMBER 7, 2023

Bad Bots (fake account creation, account takeovers, scraping, account management, and in-product abuse, etc.) which already account for 73% of Internet traffic will surge. This shift will promote transparency and accountability, eliminating any potential cover-ups or oversight.

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Cybersecurity Cyber threats Insurance Artificial Intelligence 130

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

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Insurance Artificial Intelligence Cyber Insurance Marketing 52

SC Magazine

FEBRUARY 8, 2021

The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. That’s quite the incentive for insurers to assert themselves in this market. And Bobritsky contends that a reliance on insurers to lead the way may actually degrade cybersecurity. “So

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Insurance Cyber Insurance Cybersecurity Government 126

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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Data breaches Insurance Healthcare Education 113

NetSpi Executives

APRIL 27, 2024

Attempt access to file and SQL servers with privileged accounts. Average ransomware payouts are on the rise as attackers target bigger companies, specific sectors, and markets with deeper pockets. Some can’t afford not to pay, and some are covered by cyber insurance. Should I get a ransomware cyber insurance policy?

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Ransomware Cyber Insurance Backups Insurance 52

Thales Cloud Protection & Licensing

NOVEMBER 15, 2023

For example, an aircraft tracking app using publicly accessible flight information doesn’t need the same security protocol as an accounts payable app. Enforce, sustain, and prove compliance with increasing regulatory and cyber insurance requirements. Support effective, without security and operational risks, airport scaling.

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Cybersecurity Authentication Digital transformation Cyber Insurance 87

Duo's Security Blog

SEPTEMBER 1, 2023

Passkeys simplify account registration for apps and websites, are easy to use, work across most of a user’s devices, and even work on other devices within physical proximity.” - FIDO Alliance Most people know what passwords are and have experienced first-hand some of the many issues with them. It’s also a requirement to get cyber insurance.

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Passwords Authentication Insurance Cyber Insurance 102

Centraleyes

APRIL 9, 2024

Allie Mellen , senior analyst at Forrester, underscores the reputational impact as the foremost concern, affecting brand value, customer conversion costs, and market share. Insurance Woes While grappling with the aftermath of breaches, organizations face an unexpected challenge – soaring cyber insurance premiums.

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Data breaches Cyber Insurance Insurance Ransomware 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.

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Insurance Cryptocurrency Cyber threats Marketing 61

CyberSecurity Insiders

NOVEMBER 13, 2021

Now, IT leaders expect to increase their cyber budget by an average of 8.4% But taking into account inflation, which is currently 3%, this still may not be enough to make up for lost time during the pandemic. A major one is the rising cost of cyber insurance – premiums are going up. million ($27 million).

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Insurance Cyber Insurance Marketing Cybercrime 52

Security Boulevard

JANUARY 18, 2024

This demand leads to the development of cybersecurity predictions which must take into account underlying drivers of the attackers, defenders, and technology where the battles will play out. The highly controversial regulation took effect at the end of 2023 and publicly owned businesses in 2024 are now held accountable for compliance.

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Risk Cybersecurity CISO Technology 115

BH Consulting

JUNE 13, 2023

It said the criminals often take over victims’ accounts and empty them of funds. MORE UK NCSC calls on the cyber insurance market to become more sophisticated. The figures come from An Garda Siochana, the Irish police force, supplied to the Irish Government via the Department of Justice.

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eSecurity Planet

JULY 8, 2022

“The current cyber landscape requires organizations to be as equipped as possible for ransomware attacks and other disaster events and must take measures to ensure their data can remain resilient,” said Andrew Silva, technical marketing manager at Zerto, a Hewlett Packard Enterprise (HPE) company.

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Backups Ransomware Technology Marketing 142

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 67

eSecurity Planet

APRIL 26, 2022

billion in 2021, and growing concerns over data security , software supply chains , and ransomware suggest the market will remain strong through economic ups and downs. As a leading VC, BVP offers budding companies plenty to consider, with a set of roadmaps and tools for today’s technologies and market complexities.

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Cybersecurity Technology Marketing Healthcare 126

Daniel Miessler

MARCH 20, 2022

In the next 15-30 years we’ll see a move from wizardry to accounting—and a much more Operational Technology approach to the discipline in general. Accounting is repeatable. In other words, I think much of the current security market is based on how poorly the industry does the basics. Introduction. The arcane.

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InfoSec Insurance Engineering Technology 180

eSecurity Planet

MARCH 17, 2023

Rootkit scanners tend to be some of the most inexpensive security solutions on the market; many are even free. 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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Network Security Penetration Testing Firewall Antivirus 117

eSecurity Planet

JANUARY 11, 2022

We’ll start with the top 10 overall and then look at other noteworthy startups in a number of markets. With sizable growth in a short span and the market presence to show for it, SECURITI.ai Privafy aims to serve a valuable corner of the market – securing data-in-motion. Cowbell Cyber. Top 10 Cybersecurity Startups.

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Cybersecurity Threat Detection Artificial Intelligence Risk 142

eSecurity Planet

FEBRUARY 16, 2021

Enterprise ransomware accounts for 81% of total infections, and by market segment, 62% are small to medium-sized businesses ( Symantec ). More attempts to lock down networks and accounts, not just integral files and folders ( RSA Security ). Criminals fail to decrypt data after payment only 1% of the time ( Sophos ).

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Ransomware Backups Software Encryption 97

Spinone

OCTOBER 13, 2020

In fact, one report shows that business email compromises are 23% of cyber insurance claims. Enforce password changes of network accounts – As a proactive measure in case sensitive data or passwords have been leaked, enforce a password change of all accounts across the board.

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Ransomware Backups Data breaches Encryption 52

ForAllSecure

MAY 30, 2023

However, the rank and file of Conti were in Ukraine, had a different opinion, and decided to speak up against Conti in and in favor of Ukraine in a Twitter account named Conti Leaks. The account owner wrote: “My comments are coming from the bottom of my heart which is breaking over my dear Ukraine and my people. By no means.

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Ransomware Encryption Authentication Backups 40