CSO Magazine

FEBRUARY 22, 2021

On February 4, 2021, New York became the first state in the nation to issue a cybersecurity insurance risk framework to all authorized property and casualty insurers. The framework applies to all property or casualty insurers that write cybersecurity insurance. To read this article in full, please click here

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Insurance Cyber Insurance CSO Ransomware 106

CSO Magazine

MARCH 17, 2022

There's one surefire way to end ransomware once and for all: Stop paying. If every organization that suffered a ransomware attack refused to pay up, the threats would lose their income stream, and the work would dry up leading to the end of these attacks as we know them. To read this article in full, please click here

Ransomware 113

Ransomware Cyber Insurance Insurance Government 113

CSO Magazine

JUNE 14, 2023

Finding the right insurance has become a key part of the security equation, which is no surprise given that the average cost of a data breach in the US has risen to $9.44 The global cyber insurance market was valued at $13.33 To read this article in full, please click here billion in 2023 to $84.62 billion by 2030.

Insurance 121

Insurance Data breaches Cyber Insurance Marketing 121

CSO Magazine

JANUARY 24, 2023

CSI), followed by data breaches (23%), ransomware (20%) and a breach at a third party (15%). To read this article in full, please click here It was cited by 29% of respondents in a survey by Computer Systems Inc. It received responses from 228 banking executives, 171 of them at vice-president level or above.

Cyber threats 111

Cyber threats Identity Theft Cyber Insurance Insurance 111

Joseph Steinberg

AUGUST 5, 2021

One of the important concepts about which people must be aware when evaluating their cybersecurity postures and related liabilities, but which, for some reason, many folks seem to be unaware, is the difference between first-party risks and third-party risks. First-Party Risks And Coverage. Third-Party Risks And Coverage.

Insurance 141

Insurance Risk Data breaches Artificial Intelligence 141

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.

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Risk Cyber Insurance Insurance Data breaches 61

Security Weekly

JANUARY 12, 2022

The costs of cyber insurance policies are rising exponentially while underwriters are tightening the rules around who qualifies for cyber insurance, and at the same time, insurer capacity is constricting dramatically. The post Ransomware Damage Claims Driving Insurance Hikes appeared first on Security Weekly.

Insurance 89

Insurance Cyber Insurance Ransomware Risk 89

SecureWorld News

MAY 5, 2023

The City of Dallas, Texas, was forced to shut down police communications and IT systems on Monday morning, May 1, due to a suspected ransomware attack. Subsequently, the City has confirmed that a number of servers have been compromised with ransomware, impacting several functional areas, including the Dallas Police Department Website."

Ransomware 86

Ransomware Cyber Risk Cyber Insurance Social Engineering 86

Webroot

SEPTEMBER 7, 2023

The number of ransomware attacks has increased by 18% , while the worldwide volume of phishing attacks doubled to 500 million in 2022. The best way to weather these challenges is to become a cyber resilient business. In this article, we’ll discuss the importance of data security and protection. Cybercrime is on the rise.

Encryption 88

Encryption Cyber Insurance Cybercrime Phishing 88

Security Affairs

APRIL 24, 2022

Every week the best security articles from Security Affairs free for you in your email box. A new round of the weekly Security Affairs newsletter arrived! If you want to also receive for free the newsletter with the international press subscribe here. Patch them now! Patch them now!

Cyber Insurance 75

Cyber Insurance Spyware Firmware Insurance 75

Malwarebytes

SEPTEMBER 30, 2022

Build a playbook for ransomware response and recovery. And a key part of building out any cybersecurity policy for your local government is to develop an organizational understanding of risk to systems, people, data, and so on. Take cyber insurance , for example. Build a playbook for ransomware response and recovery.

Government 57

Government Cybersecurity Cyber Insurance Insurance 57

Security Boulevard

JUNE 23, 2022

In just a few years, cyber has transformed from the nerd in the corner into the Kim Kardashian of risk. businesses can be built on, and destroyed by, cyber risk. Ask your cyber exec to explain the threats facing the organisation. discuss how your company’s culture supports cyber security and risk management.

Insurance 52

Insurance Cyber Risk CISO Cyber Insurance 52

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 81

Cyber Insurance Insurance Data breaches Phishing 81

Joseph Steinberg

JULY 8, 2021

Ironically, while many larger enterprises purchase insurance to protect themselves against catastrophic levels of hacker-inflicted damages, smaller businesses – whose cyber-risks are far greater than those of their larger counterparts – rarely have adequate (or even any) coverage.

Insurance 363

Insurance Cyber Insurance Cybersecurity Small Business 363

The Last Watchdog

SEPTEMBER 14, 2018

In March 2018, the city of Atlanta fell victim to a ransomware attack that shut down its computer network. Here are key takeaways: Local risks. As Ananth explained, the city did two things right: they had cyber insurance and they didn’t pay the ransom. Last Watchdog’s Sue Poremba contributed to this article.

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Government Digital transformation Cyber Insurance Hacking 147

eSecurity Planet

APRIL 6, 2023

Ransomware is a type of malicious program, or malware, that encrypts files, documents and images on a computer or server so that users cannot access the data. 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.

Ransomware 98

Ransomware Backups Encryption Cybersecurity 98

Pen Test

OCTOBER 10, 2023

The Surge of Double Extortion Ransomware Attack s Ransomware attacks have become an increasingly severe threat to organizations around the world. The Evolution of Ransomware into Double Extortion Tactics The Basics of Ransomware Ransomware itself has been around for years.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52

ForAllSecure

MAY 17, 2023

Small to Medium Business are, today, the target of APTs and ransomware. Chris Gray of Deep Watch talks about the view from the inside of a virtual SOC, the ability to see threats against a large number of SMB organizations, and the changes to cyber insurance we’re seeing as a result. GRAY: Absolutely.

Internet 40

Internet Internet Insurance Cyber Insurance 40

eSecurity Planet

OCTOBER 5, 2021

First, we prepare a plan for the possibility, then when a ransomware attack occurs we execute the plan. To help, we break down the process into the following steps: How to Prepare for Ransomware. Ransomware Response. Simple Ransomware Recovery. How to Prepare for Ransomware. Ransomware Security.

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Ransomware Backups Insurance Cyber Insurance 131

Joseph Steinberg

AUGUST 5, 2021

(I co-wrote this article with Mark Lynd , CISSP, ISSAP & ISSMP, Head of Digital Business at NETSYNC.). Likewise, cyber insurance policies for individuals are starting to appear in the marketplace.

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Insurance Cyber Insurance Artificial Intelligence Cybersecurity 258

SC Magazine

FEBRUARY 24, 2021

Shaun Murphy (Freddie Highmore) interrupts his girlfriend Lea Dilallo (Paige Spara), the hospital’s IT director, as she investigates a ransomware attack on the health care facility’s network. Of course, boiling down the intricacies of a hospital ransomware incident into an hour-long drama is no easy task. ABC/Jeff Weddell).

Ransomware 94

Ransomware Backups Insurance Cyber Insurance 94

Malwarebytes

SEPTEMBER 14, 2022

This article focuses on helping to prevent cyberattacks purely through technology; though of course, businesses need a combination of technology, people, and strategy to truly become cyber resilient. Your level of prevention is determined by how much risk you accept to take on. Especially ransomware.

Technology 62

Technology DNS Cyber Insurance Insurance 62

Krebs on Security

MARCH 4, 2022

Part I of this series examined newly-leaked internal chats from the Conti ransomware group, and how the crime gang dealt with its own internal breaches. Conti is by far the most aggressive and profitable ransomware group in operation today. 12, 2021, in regards to their ransomware negotiations with LeMans Corp.,

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Ransomware Insurance Cyber Insurance Accountability 201

eSecurity Planet

JANUARY 11, 2022

This article looks at the top 40 cybersecurity startups to watch in 2022 based on their innovations in new and emerging technologies, length of operation, early funding rounds, scalability, and more. Boasting itself as the world’s first Code Risk Platform, Apiiro Security offers risk visibility across design, code, and cloud segments.

Cybersecurity 142

Cybersecurity Threat Detection Artificial Intelligence Risk 142

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. This article looks at the top VCs in cybersecurity, a selection of investments, and considerations for entrepreneurs trying to develop an idea or scale a business.

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Cybersecurity Technology Marketing Healthcare 127

Security Affairs

NOVEMBER 5, 2023

Every week the best security articles from Security Affairs are free for you in your email box. A new round of the weekly SecurityAffairs newsletter arrived! Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press.

Cyber Insurance 100

Cyber Insurance Cryptocurrency Internet Internet 100