CSO Magazine

MAY 11, 2022

It’s that time that I fill out the annual cyber insurance policy application. Each year it gives me an insight into what insurance vendors are using to rate the risks and threats to our business and what they are stressing I should have as best practices. Is two-factor authentication in place?

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Cyber Insurance Insurance Ransomware Authentication 98

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. Fixed rate.

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Cyber Insurance Insurance Data breaches Phishing 86

Duo's Security Blog

OCTOBER 18, 2021

We need to work with many different teammates on campus — risk management, legal, compliance and institutional review boards, to name a few — to effectively manage cybersecurity risk across our communities. In a recent Duo blog post, we gave an overview of cyber liability insurance.

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Insurance Education Risk Cyber Insurance 64

Security Boulevard

AUGUST 30, 2022

Lloyd's Backs Off Insurance for State-Sponsored Cyberattacks. Cyber related businesses are ‘evolving risk’. The bulletin offers guidance on how to make the exclusions to “…all standalone cyber-attack policies falling within risk codes CY (‘Cyber Security Data and Privacy Breach’) and CZ (‘Cyber Security Property Damage’).

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Insurance Cyber Attacks Government Marketing 95

Thales Cloud Protection & Licensing

MAY 26, 2023

CIAM in insurance: A unified, secure user experience with a single login madhav Fri, 05/26/2023 - 07:33 In recent years, the insurance industry has transformed from a singularly focused entity to a multi-brand or multi-service type of business. Adding value to the user experience (a top priority for 59% of insurers) 2.

Insurance 71

Insurance Digital transformation Authentication Passwords 71

Thales Cloud Protection & Licensing

JULY 4, 2022

How Cybersecurity Insurance Can Work To Help An Organization. For many years, organizations had limited options for addressing data protection risks. A company could never eliminate risk, but they could try to reduce or mitigate it. The function of cybersecurity insurance. What does cybersecurity insurance cover?

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Insurance Cybersecurity Risk Data breaches 71

CyberSecurity Insiders

AUGUST 1, 2022

While verification and authentication are terms that are often used interchangeably, they are in fact two separate operations. Digital verification and authentication play a critical role in preventing fraud and cyberattacks. Verification helps to both deter and weed out criminals, mitigating the risk of fraud and data breaches.

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Authentication Passwords Insurance Technology 121

CyberSecurity Insiders

MAY 10, 2023

According to the Insurance Information Institute , there was a 45-percent increase in identity theft in 2020, and the rapid digital transformation that took place during 2020 would not have helped improve this figure. Authentication also reduces the overall likelihood of compromising information.

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Authentication Insurance Identity Theft Digital transformation 109

Duo's Security Blog

JUNE 21, 2021

While the risk of an employee clicking on a foreign prince’s secret gold offer may be past us, modern-day technologies have evolved and expanded in today’s remote work and IoT-connected settings. Don’t worry though, there's already an insurance policy for that. What is Cyber Liability Insurance?

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Insurance Cyber Insurance Data breaches Social Engineering 85

Duo's Security Blog

OCTOBER 7, 2022

In this blog, we explain why it makes sense for these firms to work with managed service providers (MSPs) to help bolster their security posture and increase their chances of getting cyber liability insurance cover as insurers continue to raise the bar. Small business cyber insurance: Is it really needed?

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Small Business Cyber Insurance Insurance Cyber Risk 69

Duo's Security Blog

OCTOBER 18, 2022

By this point, we’re all familiar with the list of requirements for a strong password: unique, long, memorable, free from any personal information… But even the strongest passwords can pose a risk if they’re the only thing standing between your users and enterprise content. trillion USD annually by 2025?

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Insurance Passwords Cyber Insurance Authentication 57

Security Boulevard

SEPTEMBER 1, 2022

Last year, HYPR reported that many cyber insurers now require organizations to adopt multi-factor authentication. The growing demand for cyber liability insurance, the increasing number of claims and a spike in claim severity have prompted underwriters to scrutinize an organization’s security controls more closely.

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Cyber Insurance Insurance Authentication Risk 52

Duo's Security Blog

DECEMBER 7, 2022

Much has been published about how the demand — and subsequent cost — for cyber liability insurance has skyrocketed in line with increasing incidents of cyberattacks. But what are the risks with this approach? Of course, insurance cover is not the only measure that can be taken.

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Insurance Cyber Insurance Ransomware Risk 73

Duo's Security Blog

APRIL 25, 2022

For as long as organizations have existed to grow crops, move goods or produce items there have been insurance firms to help these markets survive cyclical events. It’s been fascinating to see this most traditional of industries being thrust into the center of one of the most relevant business topics of our era — cybersecurity risk.

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Insurance Risk Marketing Authentication 75

The Last Watchdog

JUNE 6, 2022

Unmanaged smartphones and laptops, misconfigured Software as a Service (SaaS) apps, unsecured Internet access present more of an enterprise risk than ever. CISOs need only to follow the principles honed over the past 200 years by the property and casualty insurance industry. The third capability has to do with mitigating risks.

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Cyber Risk Risk CISO Cloud Migration 263

eSecurity Planet

OCTOBER 5, 2021

Passwords are the most common authentication tool used by enterprises, yet they are notoriously insecure and easily hackable. At this point, multi-factor authentication (MFA) has permeated most applications, becoming a minimum safeguard against attacks. Jump to: What is multi-factor authentication? MFA can be hacked.

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Authentication Passwords Mobile Accountability 103

eSecurity Planet

FEBRUARY 11, 2022

Risk management is a concept that has been around as long as companies have had assets to protect. The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. What is Cybersecurity Risk Management? Setting Up Your Risk Management System.

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Risk Cybersecurity Encryption Technology 145

Duo's Security Blog

JUNE 15, 2023

Third party security risk is an issue that frequently comes up in my discussions with clients. Meanwhile, Prevalent noted that companies are currently big on exposure but small on preparation, with a staggering 45% still relying on manual spreadsheets to assess third party risk. Control the risk. How simple is the solution?

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Risk Authentication Phishing Insurance 126

Malwarebytes

OCTOBER 11, 2023

The Philippine Health Insurance Corporation (PhilHealth), has confirmed that it was unprotected by antivirus software when it was attacked by the Medusa ransomware group in September.

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Antivirus Insurance Ransomware Healthcare 101

SC Magazine

MARCH 2, 2021

Customers on Google Cloud are now able to use a diagnostic tool called “Risk Manager” to evaluate cyber hygiene. Google Cloud, Munich Re and Allianz are working together to turn risk data into better insurance policies. Drew Angerer/Getty Images). The program will operate under the name “Cloud Protection +.”

Insurance 75

Insurance Cyber Insurance Risk Media 75

Krebs on Security

JUNE 15, 2023

The directive applies to any networking devices — such as firewalls, routers and load balancers — that allow remote authentication or administration. “This is reachable pre-authentication, on every SSL VPN appliance,” French vulnerability researcher Charles Fol tweeted. “Patch your #Fortigate.”

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Risk VPN Internet Internet 221

Thales Cloud Protection & Licensing

SEPTEMBER 8, 2022

Top Five Reasons for Choosing FIDO2 Devices for Enterprise Authentication. Strong yet convenient authentication has become a paramount factor of a robust security posture for modern, digital, cloud-first enterprises. Why do you need passwordless authentication? Thu, 09/08/2022 - 06:01. FIDO2 offers both passwordless and MFA.

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Authentication Passwords Phishing Data breaches 71

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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Cyber Insurance Insurance Ransomware Cyber Attacks 54

Thales Cloud Protection & Licensing

MAY 29, 2024

Because AI has taken center stage in identity verification and authentication, Jason will delve into the risks and biases and how these impact customer experience, architecture, and compliance. Legacy CIAM systems go against the grain of insurance companies' digital goals, hampering user experience with slower, less secure methods.

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B2B Insurance B2C Artificial Intelligence 62

Security Boulevard

MAY 29, 2024

Because AI has taken center stage in identity verification and authentication, Jason will delve into the risks and biases and how these impact customer experience, architecture, and compliance. Legacy CIAM systems go against the grain of insurance companies' digital goals, hampering user experience with slower, less secure methods.

B2B 59

B2B Insurance B2C Artificial Intelligence 59

Thales Cloud Protection & Licensing

JANUARY 24, 2024

Protecting Against the Risks and Managing the Complexities of a Quantum World with Thales and IBM Consulting madhav Thu, 01/25/2024 - 11:03 Contributors: Ollie Omotosho - Director, Strategir Partnerships, Thales Antti Ropponen, Head of Data & Application Security Services, IBM Consulting In the world of business, data security is paramount.

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Risk Encryption Technology Architecture 87

Security Boulevard

JANUARY 18, 2024

How do we gauge how risky it is and how do we ensure that future APIs are not putting the enterprise at risk? This can not be done without major risk unless organizations have created and mandated corporate standards on what a "good" API actually is from a security standpoint. Defining and sharing what good means.

Risk 59

Risk Government Artificial Intelligence Threat Detection 59

Duo's Security Blog

MAY 23, 2023

Passwords are a weak point in modern-day secure authentication practices, with Verizon highlighting that almost 50% of breaches start with compromised credentials. Until a fully password-free environment is deployed, accepted, and adopted by all users, less secure methods of authentication will still be relied on.

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Authentication Passwords Data breaches Phishing 112

CyberSecurity Insiders

SEPTEMBER 20, 2021

To create strong passwords that are hard to guess, combine the two-factor authentication with your password for verification purposes. In addition, regularly changing your password and using different passwords for all your online accounts will lower your risk of being compromised. Invest in cybersecurity insurance.

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Cybersecurity Insurance Passwords Encryption 121

Cisco Security

JANUARY 10, 2023

As the majority of the global Covid fog finally started lifting in 2022, other events – and their associated risks – started to fill the headspace of C-level execs the world over. Increasing demands from insurers. Getting the basics right. Being a CISO has never been more complex.

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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. of Morris Risk Management, John Franzino of Grid Security Inc.,

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Cyber Insurance Insurance Marketing Risk 52

Security Boulevard

FEBRUARY 18, 2024

Access Management and Identity Authentication Effective access management is crucial in a cloud environment to prevent unauthorised access to data and resources. These are the same risks that exist for on-premise IT infrastructure, but the controls and solutions are often different.

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Encryption Authentication Insurance Risk 128

Malwarebytes

APRIL 9, 2024

He was convicted of one count of making a false statement to a National Credit Union Administration insured institution and one count of aggravated identity theft. He handed a bank employee his real Social Security card and an authentic California Identification card, which matched the information the bank had on file.

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Identity Theft Banking Insurance Accountability 111

Krebs on Security

NOVEMBER 19, 2021

In reality, the fraudster initiates a transaction — such as the “forgot password” feature on the financial institution’s site — which is what generates the authentication passcode delivered to the member. To combat this scam Zelle introduced out-of-band authentication with transaction details.

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Scams Banking Passwords Authentication 355

Joseph Steinberg

APRIL 20, 2021

Hospitals, medical clinics, labs, pharmacies, insurance companies, and others involved in the vaccination process often require people who want to be vaccinated to share large amounts of both medical and demographic data in order to register for vaccine appointments.

Healthcare 170

Healthcare Insurance Computers and Electronics Data collection 170

Jane Frankland

DECEMBER 7, 2023

Critical infrastructure, such as energy grids and transportation systems, will be targeted, posing risks to national security and economic stability. Businesses operating in or supporting conflict regions face heightened cyberattack risks, leading to financial losses and reputational damage.

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Cybersecurity Cyber threats Insurance Artificial Intelligence 130

Duo's Security Blog

AUGUST 3, 2023

Access management solutions, including single sign-on (SSO), multi-factor authentication (MFA), and privileged access management (PAM), can offer a comprehensive defense against threats. This eases the authentication burden on users, only stepping up when risky changes are detected.

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Authentication Risk Passwords Insurance 76