IT Security Guru

FEBRUARY 28, 2023

Cyber insurers 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 cyber risk a potentially uninsurable area due to falling profitability.

Cyber Insurance 113

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CyberSecurity Insiders

JANUARY 6, 2023

2022 clearly demonstrated that attacks on data represent the greatest cyber-threat organizations face. Notable data breaches took place at Microsoft, News Corp., Many of these attacks took advantage of known vulnerabilities and security misconfigurations in storage and backup systems.

Backups 136

Backups Ransomware Insurance Cyber Insurance 136

SecureWorld News

JANUARY 21, 2024

Nonprofits often juggle tight budgets and unique operational demands, making it even more difficult to keep sensitive information safe—but here's the thing: you don't need a fortune to build a strong defense against the possible cyber threats out there.

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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. 24/7 monitoring of cyber threats. Baltimore learned this the hard way. (An A 2020 survey of 165 municipalities found 50.9%

Government 58

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Centraleyes

MARCH 19, 2024

An effective IRP ensures swift and informed action, from data breaches to malware attacks. In the event of a security breach, an IRP ensures rapid response. A robust IRP provides a structured course of action for significant incidents, including massive breaches with long-term organizational impact.

Risk 52

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Cisco Security

JULY 11, 2022

From extortion to data breaches, ransomware is always evolving, and is becoming very lucrative with Ransomware-as-a-service kit making it easier to target organizations. Downtime varied from minimal disruption (thanks to frequent data backups) to months upon months of recovery time . In 2021: .

Ransomware 114

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Adam Levin

MARCH 2, 2020

Back Up Everything: Data recovery is an expensive and time-consuming process even when it isn’t being done in the wake of a ransomware attack. If the loss of your data is potentially catastrophic, the most straightforward solution is to back up your systems and data and do it often. 1 Cyber Threat This Year.

Cyber threats 215

Cyber threats Ransomware Encryption Insurance 215