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CyberSecurity Is Not Enough: Businesses Must Insure Against Cyber Losses

Joseph Steinberg

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 is, therefore, always needed.

Insurance 364
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Voice Deepfake Scams CEO out of $243,000

Adam Levin

The CEO of a UK-based energy firm lost the equivalent of $243,000 after falling for a phone scam that implemented artificial intelligence, specifically a deepfake voice. While the technology to generate convincing voice recordings has been available for a few years, its remains relatively uncommon in the commission of fraud.

Scams 233
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Cyber-Liability Insurance 101: First Party Vs. Third Party Risks

Joseph Steinberg

Understanding the difference between the two is also essential when seeking to obtain – and when acquiring – cyber-liability insurance. Likewise, if you purchase appropriate first-party insurance, your insurance policy should cover the relevant losses – as the losses are borne directly by the policyholder (your business).

Insurance 141
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New AI “agents” could hold people for ransom in 2025

Malwarebytes

A paradigm shift in technology is hurtling towards us, and it could change everything we know about cybersecurity. When ChatGPT was unveiled to the public in late 2022, security experts looked on with cautious optimism, excited about the new technology but concerned about its use in cyberattacks. Uhh, again, that is.

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Your location or browsing habits could lead to price increases when buying online

Malwarebytes

The intermediaries claimed they used advanced algorithms, artificial intelligence, and other technologies, along with personal information about consumers to determine targeted prices. FTC chair Lina M.

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Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

Cyberattacks are not only a technological problem for companies, but they also represent a very real financial threat. That’s where cyber insurance may be able to help. But there’s a catch: Insurers are going to carefully assess your cybersecurity controls before writing any policy, and there are limits to coverage.

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Top 10 Cybersecurity Trends to Expect in 2025

Hacker's King

With the advent of new technologies and rising cyber threats , 2025 promises significant shifts in the cybersecurity domain. Here are the top 10 trends to watch out for in 2025: Rise of AI-Driven Cyberattacks Cybercriminals are increasingly leveraging artificial intelligence (AI) to develop sophisticated attack methods.