Duo's Security Blog

OCTOBER 7, 2022

As I covered in my other blog — Cyber Liability Insurance Essentials for Small and Medium-Sized Enterprises — there are several approaches firms can take to increase their chances of obtaining a policy. Small business cyber insurance: Is it really needed?

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SecureWorld News

SEPTEMBER 10, 2020

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. 4 key takeaways from cyber insurance industry report. Cyber insurance works.

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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.

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Cyber Insurance Insurance Government Cyber Risk 235

CSO Magazine

JANUARY 13, 2023

The Royal ransomware group is believed to be actively exploiting a critical security flaw affecting Citrix systems, according to the cyber research team at cyber insurance provider At-Bay. To read this article in full, please click here

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Security Boulevard

AUGUST 20, 2021

Cyber insurance is driving a long overdue improvement in user access security. Multi-factor authentication (MFA) is fast becoming a requirement for all privilege and non-privilege accounts, whether users are working on the internal network or remotely.

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Duo's Security Blog

OCTOBER 18, 2022

A password manager can go a long way in helping to simplify that process, but multi-factor authentication (MFA) security can help even more. Our experts will discuss the risks posed by passwords, what cyber insurers require to protect organizations, and how MFA can meet both of those needs. trillion USD annually by 2025?

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Malwarebytes

FEBRUARY 26, 2023

Last week on Malwarebytes Labs: GoAnywhere zero-day opened door to Clop ransomware Chip company loses $250m after ransomware hits supply chain GoDaddy says it's a victim of multi-year cyberattack campaign Twitter and two-factor authentication: What's changing?

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Security Boulevard

MAY 11, 2022

Buying a cyber risk insurance program can help outsource residual risk, and deploying multi-factor authentication is […]… Read More. The post Multi-Factor Authentication: A Key to Cyber Risk Insurance Coverage appeared first on The State of Security.

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Thales Cloud Protection & Licensing

MAY 9, 2022

While implementation of security technologies such as multi-factor authentication and encryption have slightly increased, we have not yet reached the level where the majority of applications, data and operational technology are fully protected. Cyber insurance coverage ramps up. Governments step up to protect all businesses.

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CyberSecurity Insiders

JUNE 22, 2023

Instead, the ransom pay can be covered from a cyber insurance policy, provided it is taken prior to the launch of the attack and covers the costs associated with the malware attack. Nope, says a renowned international bank from UK. Enhance security measures: Strengthen your security measures to prevent future attacks.

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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.

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Security Boulevard

MAY 12, 2022

What Is Not Covered Under Cyber Insurance? Cyber insurance will not cover the cost for security remediation, the purchase of new security technology, or any 3rd pen testing, auditing, or installation of any security products. For organizations seeking cyber insurance, the road for predictable security runs in parallel.

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Duo's Security Blog

DECEMBER 7, 2022

The state of cyber liability insurance The topic of cyber liability insurance is full of datapoints, statistics and graphs all showing upward trajectories. But MFA should not only be viewed as a prerequisite for obtaining cyber liability insurance.

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Insurance Cyber Insurance Ransomware Risk 95

Security Affairs

FEBRUARY 25, 2024

Disrupt LockBit Ransomware Variant Reward Offers for Information on LockBit Leaders and Designating Affiliates Darknet Drug Dealers Arrested After Packages of Meth-Laced Adderall Repeatedly Returned to Sender LockBit ransomware gang has over $110 million in unspent bitcoin Malware Anatsa Trojan Returns: Targeting Europe and Expanding Its Reach Migo (..)

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Cisco Security

JANUARY 10, 2023

As a result of this, next year we could see CISOs tightening up the disclosure decision making process, focusing on quicker and greater clarity on breach impact, and even looking to include personal liability cover in cyber insurance contracts. Increasing demands from insurers. Don’t sleep on the impact of MFA Fatigue.

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Duo's Security Blog

OCTOBER 18, 2021

One area where campuses have been collaborating recently are changes around cyber liability insurance for higher education, an opportunity for campus cybersecurity teams to combine forces with their risk management team. In a recent Duo blog post, we gave an overview of cyber liability insurance.

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Thales Cloud Protection & Licensing

NOVEMBER 15, 2023

For example, implementing multifactor authentication (MFA) through mobile authenticator apps is impossible in airport areas where smartphones are prohibited. Enforce, sustain, and prove compliance with increasing regulatory and cyber insurance requirements.

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Hacker Combat

JULY 31, 2020

Carry Cyber Insurance. This makes carrying a cyber insurance policy with a reputable carrier a good idea. In addition to providing vital financial assistance in the wake of a data breach, cyber insurers scrutinize your security arrangements before agreeing to issue a policy.

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Malwarebytes

JULY 5, 2021

Other cybersecurity news.

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Adam Levin

JULY 8, 2020

It should include an inventory of who can access registrar accounts, implementation of two-factor authentication, and password hygiene checks. Industry-level protections such as Domain-based Message Authentication, Reporting & Conformance (DMARC) should also be put in place.

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Malwarebytes

SEPTEMBER 30, 2022

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. Baltimore learned this the hard way. (An

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SC Magazine

MARCH 2, 2021

The Risk Manager program checks for common security practices, things like two-factor authentication, limiting the number of privileged accounts, or not allowing RDP to run amuck. ” According to Bob Parisi, head of cyber solutions at Munich Re, that includes allowing for up to a $50 million policy split between Munich Re and Allianz.

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SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. Having basic cyber hygiene Advanced technology is important, but basics like regular data backups, software updates, strong password policies, and multi-factor authentication are fundamental.

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SecureWorld News

MAY 16, 2023

On the plus side, they did mention multi-factor authentication and EDR. Sean Scranton is a consultant on the Cyber Risk Solutions Team at WTW and often speaks on cyber insurance issues. He will join a panel at SecureWorld Dallas on October 26 on the topic, "Cover Your Cyber Assets."

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Malwarebytes

JANUARY 15, 2023

As we’ve seen recently, cyber insurance is no guarantee of avoiding a ransomware pitfall either with refusal of payout being decided in a court of law. Ensure your RDP points are locked down with a good password and multi-factor authentication. Rate limiting is a great way to fend off brute force attempts on your login.

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Ransomware Backups Education VPN 78

Malwarebytes

OCTOBER 19, 2022

Use multi-factor authentication. That’s where multi-factor authentication (MFA) comes in. Cyber threat hunting for SMBs: How MDR can help. 4 ways businesses can save money on cyber insurance. Getting on top of your patching closes a lot of doors on cybercriminals, but not all of them.

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Passwords Ransomware Backups Cyber Insurance 71

Thales Cloud Protection & Licensing

JULY 21, 2022

However, this stance indicates a lack of understanding of the effects of all the parties involved, such as cyber insurance underwriters, incident response firms, government regulations, and ransomware attribution. For many organizations, paying the ransom can be less damaging than risking any additional impacts.

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Cyber threats Energy and Utilities Ransomware IoT 71

ForAllSecure

MAY 17, 2023

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. cyber insurance as a whole was changing heavily. And why is that? It started off pretty easy to get.

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Internet Internet Insurance Cyber Insurance 40

Security Boulevard

JUNE 2, 2022

Prepare for the worst with cyber insurance, a data backup plan, and a response plan as part of your overall business continuity and disaster recovery program. Apply software security patches and conduct regular security awareness employee training to reduce vulnerabilities that can be exploited by cybercriminals. Have a response plan.

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IT Security Guru

DECEMBER 5, 2022

Everyone in the cyber insurance industry or trying to get cyber insurance today knows that using multifactor authentication (MFA) is an absolute make-or-break requirement for getting a cyber insurance policy; or if you can get a policy without MFA, you will pay a hefty increased premium for the same amount of coverage.

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Insurance Cyber Insurance Phishing Social Engineering 110

SecureWorld News

NOVEMBER 22, 2021

If you have cyber insurance, will it cover some or all BEC incidents? Additionally, adding a banner or warning to external emails can make it easier to detect spoofed phishing attempts and enabling Domain-based Message Authentication, Reporting & Conformance (DMARC) can help block some attempts.

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Security Boulevard

FEBRUARY 8, 2023

Click here to watch the roundtable and learn about the future of cyber insurance from leading experts. In partnership with Cysurance, BlastWave hosted a roundtable entitled “The Future of Cyber Insurance and MSP Insurability. The expert panelists held an honest discussion about insurability difficulties for MSPs.

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NetSpi Executives

APRIL 27, 2024

Logins without multi-factor authentication. Some can’t afford not to pay, and some are covered by cyber insurance. Enable multi-factor authentication. Should I get a ransomware cyber insurance policy? Many organizations have used cyber insurance to recover from ransomware attacks.

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Duo's Security Blog

SEPTEMBER 1, 2023

Remote Users The web authentication process begins when the remote user wants to connect to an application. Users need to be trained since they’re a new way of authentication, but typically users can enroll or manage them through a UI-driven workflow by themselves. It’s also a requirement to get cyber insurance.

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eSecurity Planet

JULY 8, 2022

The Cyber Incident Recovery offering provides immutable and air-gapped backup for data recovery with at least one offline backup copy. Identity and access management with role-based access control and multi-factor authentication is available.

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SC Magazine

JUNE 14, 2021

Credential monitoring, password policy, [multi-factor authentication], are preventable problems. Sometimes they have the cyber insurance policy. It actually almost matches up with maybe 70% or 80% of the clients that we’re supporting, who had almost identical attacks with an old credential, with a weak password on a VPN.

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SecureWorld News

AUGUST 21, 2020

The end result was hefty payment: "After careful consideration, the university decided to work with its cyber insurance provider to pay a fee to the ransomware attacker. It had cyber insurance: "The university’s cyber insurance policy paid part of the ransom, and the university covered the remainder.

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