This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Global cyberinsurance premiums are declining despite an uptick in ransomware attacks, according to a recent report by insurance broker Howden. This trend reflects improved business security practices, evolving insurance industry dynamics, and changing attitudes toward cyberrisk management.
Healthcare cybersecurity is undergoing explosive growth, reflecting both escalating threats and urgent investments to protect patient data and systems. According to a new report, the global healthcare cybersecurity market was valued at US $21.25 billion in 2024 and is projected to reach $82.90 billion by 2033, at a robust 18.55% CAGR.
The ISO assisted the college in restoring locally managed IT services and systems from backup copies. The University had servers encrypted but restored the systems and the access from backups. It had cyberinsurance: "The university’s cyberinsurance policy paid part of the ransom, and the university covered the remainder.
The Company is working with industry leading cybersecurity firms to immediately respond to the threat, defend the Company's information technology systems, and conduct remediation. Ransomware attacks: another argument for cyberinsurance? And cyber attorney Shawn Tuma tells SecureWorld he agrees with that sentiment. "In
Tuma often finds himself in the middle of ransomware incident response as Co-Chair of the Data Privacy & Cybersecurity Practice at law firm Spencer Fane. B ecause they're investing in cybersecurity, they're doing a pretty decent job, and there are all these reasons they think it can't happen to them. W e've got backups.
The state of cyber liability insurance The topic of cyber liability insurance is full of datapoints, statistics and graphs all showing upward trajectories. Security Magazine reports less than 10% of companies with fewer than 50 employees have dedicated financial resources for cybersecurity.
Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyberinsurance. Organizations with limited cybersecurity budgets or outdated legacy and end-of-life systems are prime targets for threat actors.
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, cyberrisk. Cyberrisk is seen as an IT issue, but our research shows that 90 per cent of incidents leading to cyberinsurance claims resulted from human behaviour.
Sopra Steria - One of the Largest Reported Ransoms Europe's major IT services firm Sopra Steria was breached in October 2020 by the Ryuk gang, with extensive backups preventing major disruption. Keep backups completely isolated and air-gapped offline to prevent malware from infecting those too. Use immutable object storage for backups.
Despite investing significant resources in cybersecurity, companies are still being hacked. How has cybersecurity evolved? Why are cyber attacks still on the rise? How will AI impact cybersecurity? What is Mamori.io’s approach to cybersecurity? What is the future in cybersecurity? How are you?
Cyberinsurers are losing money. Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyberrisk a potentially uninsurable area due to falling profitability.
Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyberinsurance. Organizations with limited cybersecurity budgets or outdated legacy and end-of-life systems are prime targets for threat actors.
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 cyberinsurance backstop.
To help you as you shore up your cyber defenses, Bruce Brody originally posted this blog – “Left of Boom” Cybersecurity: Proactive Cybersecurity in a Time of Increasing Threats and Attacks on October 18, 2021. Left of Boom refers to actions you can take to protect your organization before a cyber incident.
agricultural exports and expanded its export restrictions on critical technology components and cybersecurity-related industries. At first glance, tariffs seem like an economic and trade issue, but the cybersecurity implications are just as significant. We asked cybersecurity professionals on both sides of the U.S.-Canada
27, a Ukrainian cybersecurity researcher who is currently in Ukraine leaked almost two years’ worth of internal chat records from Conti, which had just posted a press release to its victim shaming blog saying it fully supported Russia’s invasion of his country. “They are insured for cyberrisks, so what are we waiting for?”
Cybersecurity experts are aligned on this point: Ransomware is a serious issue. Bear in mind that your data backups will be of no use if they are also encrypted by a ransomware attack, so keep them stored separately and offline. Part of this can be blamed on the lack of cybersecurity skills available in the workforce.
We organize all of the trending information in your field so you don't have to. Join 28,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content