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Scant evidence that cyber insurance boom is leading to better security

SC Magazine

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. Growing losses from ransomware attacks have…emphasized that the current reality is not sustainable for insurers either.

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What’s happening in the world of personal cyber insurance?

Malwarebytes

You’ve likely only seen cybercrime insurance primarily mentioned in relation to attacks on businesses. Most commonly, it’s cited with regard to ransomware attacks in the workplace, or associated data loss. Some folks think the mere presence of insurance simply encourages more attacks , and is hurting more than it’s helping.

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HardBit ransomware tailors ransom to fit your cyber insurance payout

Malwarebytes

Ransomware authors are wading into the cybersecurity insurance debate in a somewhat peculiar way. Specifically: urging victims to disclose details of their insurance contract , in order to tailor a ransom which will be beneficial to the company under attack. has been in circulation since sometime around November last year.

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The Financial Dynamics Behind Ransomware Attacks

Security Affairs

Over the last few years, ransomware attacks have become one of the most prevalent and expensive forms of cybercrime. Today, this tactic has evolved, where ransomware operators in nearly every case first exfiltrate sensitive data and then threaten to publicly expose it if a ransom demand is not paid.

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Verizon's 2025 DBIR: Threats Are Faster, Smarter, and More Personal

SecureWorld News

The DBIR breaks down breach trends across industries: Financial and Insurance: Heavily targeted by credential stuffing and phishing; fastest detection rates. Public Sector: DoS attacks and ransomware remain major concerns. Manufacturing: IP theft and ransomware are top risks; OT/ICS systems still lag in basic controls.

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Higher Ed Ransomware Attack: University Pays Hackers $450,000

SecureWorld News

Now you can add a ransomware attack to the list of disruptions the University is juggling. What are details of the University of Utah ransomware attack? The ISO assisted the college in restoring locally managed IT services and systems from backup copies. It was determined that approximately.02%

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U.S. Secret Service on Ransomware: 'What's at Stake Is Disruption'

SecureWorld News

This includes the fight against ransomware. His unique insights around cybersecurity-related topics shine a light on ransomware risk for organizations, government agencies, and the public. This ranges from Secret Service agents discussing elements of cyber hygiene with those they protect to tracking down cybercrime fugitives.