eSecurity Planet

OCTOBER 18, 2022

First, call the cyber insurance company that issued the organization’s cybersecurity policy. Most insurance companies require specific incident response vendors, procedures, and reporting that must be met to meet the standards to be insured. Insured companies often will not have options.

Ransomware 145

Ransomware Encryption Insurance Backups 145

Security Boulevard

JUNE 29, 2024

Consolidating security telemetry data, upgrading your organization’s cybersecurity posture, and integrating with various artificial intelligence (AI) and machine learning (ML) engines are essential to combatting adversarial AI and ML models. The security operations (SecOps) community constantly seeks advancements in incident response.

Artificial Intelligence 72

Artificial Intelligence Cyber Insurance Engineering Phishing 72

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. Organizations with limited cybersecurity budgets or outdated legacy and end-of-life systems are prime targets for threat actors.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

Herjavec Group

FEBRUARY 18, 2021

Fast forward almost 20 years and we’re in a world of 3200 cybersecurity vendors and hundreds of MSSPs. Within this whirlwind of all things moving to the internet, insurance vendors recently began to take cyber insurance very seriously. He and his tiny team of 3 people, began the world’s first MSSP.

Digital transformation 81

Digital transformation Computers and Electronics Cyber Insurance Insurance 81

CyberSecurity Insiders

JANUARY 20, 2022

“As risk advisors to millions of clients, we’ve heard countless times that cyber risk is a present and growing concern. In response, Acrisure Cyber Services delivers a solution for the full spectrum of cyber risk, from insurance to cybersecurity and data recovery,” said Greg Williams, Co-Founder, CEO and President of Acrisure. “We

Insurance 59

Insurance Cyber Risk Small Business Financial Services 59

eSecurity Planet

FEBRUARY 16, 2021

This is especially true for your existing intrusion detection and prevention system (IDPS), antivirus, and anti-malware. Others go further in estimating ransomware will cost as much as $6 trillion per year starting in 2021 ( Cybersecurity Ventures ). Bitdefender : Bitdefender Antivirus Plus. Update Anti-Ransomware Software.

Ransomware 97

Ransomware Backups Software Encryption 97

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

Ransomware attacks have become much more dangerous and have evolved beyond basic security defenses and business continuity techniques like next-gen antivirus and backups. These measures should be viewed in the broader context of a Zero Trust approach to cybersecurity, where businesses should assume they will be breached.

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

eSecurity Planet

APRIL 6, 2023

Ransomware is the most feared cybersecurity threat and with good reason: Its ability to cripple organizations by locking their data is a threat like no other. Even small and midsize businesses (SMBs) have become targets because of their lack of cybersecurity measures.

Ransomware 98

Ransomware Backups Encryption Malware 98

Spinone

DECEMBER 8, 2016

Cybersecurity is often overlooked by small business, but over 60% of cyber attacks are targeted at small to medium-sized businesses. Additionally, many cyber liability insurance providers struggle to put a price on high-value company assets, or are reluctant to cover them in the first place.

Insurance 40

Insurance Small Business Backups Cyber Insurance 40

NetSpi Executives

APRIL 27, 2024

Do antivirus and endpoint detection and response (EDR) tools stop ransomware? Only about 20% of the ransomware tactics, techniques, and procedures (TTP) used by ransomware attackers are identified out-of-the-box by antivirus (AV), endpoint detection and response (EDR), and security information and event management (SIEM) tools.

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

Security Boulevard

JUNE 15, 2021

Ransomware attacks have continued to make headlines, and for good reason: on average, there is a new ransomware attack every 11 seconds, and the losses to organizations from ransomware attacks is projected to reach $20 billion over the course of 2021 following a record increase in losses of more than 225% in 2020.

Ransomware 97

Ransomware Cyber Insurance Insurance Antivirus 97

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. Organizations with limited cybersecurity budgets or outdated legacy and end-of-life systems are prime targets for threat actors.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

Spinone

OCTOBER 13, 2020

Cybersecurity insurance will offset the ransom. Another factor that can weigh into making the decision to pay the ransom demanded by ransomware is having cybersecurity insurance. In fact, one report shows that business email compromises are 23% of cyber insurance claims.

Ransomware 52

Ransomware Backups Data breaches Encryption 52

CyberSecurity Insiders

AUGUST 15, 2022

Ever wondered what is covered and what is not in your Cyber Insurance Policy? If not, you better review the guidelines and inform all your C-level employees on strategies to cope with the losses that remain out of the cyber insurance cover. Otherwise, the cyber insurer will not offer any policy coverage.

Cyber Insurance 90

Cyber Insurance Insurance Data collection Antivirus 90

eSecurity Planet

JANUARY 11, 2022

Information security products , services, and professionals have never been in higher demand, making for a world of opportunities for cybersecurity startups. Investors recognize the potential too, as funding for cybersecurity ventures more than doubled from previous years to almost $22 billion in 2021. Top 10 Cybersecurity Startups.

Cybersecurity 142

Cybersecurity Threat Detection Risk Encryption 142

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. But this is easier said than done.

Cyber Insurance 306

Cyber Insurance Insurance Government Cyber Risk 306

Krebs on Security

MARCH 4, 2022

27, a Ukrainian cybersecurity researcher who is currently in Ukraine leaked almost two years’ worth of internal chat records from Conti, which had just posted a press release to its victim shaming blog saying it fully supported Russia’s invasion of his country. Hopefully, they will understand. This is not a large organization.

Ransomware 246

Ransomware Insurance Cyber Insurance Accountability 246

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. . ” Further reading: Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs.

Phishing 70

Phishing Mobile Government Software 70