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. AI, told eSecurity Planet.

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Cyber Insurance Insurance Cyber Attacks Ransomware 126

SC Magazine

FEBRUARY 8, 2021

He referenced an insurer’s role in designing pressure relief valves for the steam engines powering Philadelphia in the 1800s: “They said if you wanted to have insurance, you have to have this piece of architecture on your system.” In so doing, “they drove security or solutions to avoid large insurance claims.”.

Insurance 126

Insurance Cyber Insurance Cybersecurity Government 126

The Last Watchdog

APRIL 18, 2019

Imposing just the right touch of policies and procedures towards mitigating cyber risks is a core challenge facing any company caught up in digital transformation. Related: Data breaches fuel fledgling cyber insurance market. Enterprises, especially, tend to be methodical and plodding.

Digital transformation 101

Digital transformation Cyber Risk Risk Penetration Testing 101

Pen Test

OCTOBER 10, 2023

Double extortion introduces catastrophic risks of data breach and loss of customer trust if sensitive information gets leaked publicly. Even just the notification of a data breach can harm an organization's reputation and bottom line. Businesses will need to demonstrate cyber risk management to get the best premiums.

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Ransomware Backups Insurance Cyber Insurance 52

Duo's Security Blog

JUNE 21, 2021

According to Verizon’s most recent Data Breach Incident Report , instances of advanced ransomware have doubled in the past year, alongside major upticks in phishing attacks and social engineering. Unless every employee is on-boarded with good back-up practices, the fee to get a decryption key is high (and probably in Bitcoin).

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Insurance Cyber Insurance Data breaches Social Engineering 86

eSecurity Planet

MARCH 17, 2023

It also helps organizations to organize and assess data for vulnerabilities and determine an appropriate response plan in the case of a data breach. In worst-case scenarios, these firms should cover your business if you’re impacted by a data breach that leaks sensitive information and leads to fines and legal fees.

Network Security 110

Network Security Penetration Testing Firewall Antivirus 110

eSecurity Planet

OCTOBER 5, 2021

A zero-trust architecture with continuous authorization might be the preferred option for some, but a traditional security framework can provide adequate security for many. Is the attack small enough that we do not need to file a cyber insurance claim? We will also need to: Recover our data. Assess for data breach.

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Ransomware Backups Insurance Cyber Insurance 127