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Cyber Insurance Premiums Decline as Businesses Boost Security Measures

SecureWorld News

Global cyber insurance 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 cyber risk management.

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2023 Predictions for Storage and Backup Ransomware

CyberSecurity Insiders

2022 clearly demonstrated that attacks on data represent the greatest cyber-threat organizations face. Many of these attacks took advantage of known vulnerabilities and security misconfigurations in storage and backup systems. And backup and storage systems are rife with unpatched CVEs.

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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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What you need to know: The biggest cyber threats in 2024

Webroot

In today’s world, both small businesses and everyday consumers face a growing number of cyber threats. From ransomware attacks to phishing scams, hackers are becoming more sophisticated. OpenText’s 2024 Threat Hunter Perspective sheds light on what’s coming next and how to protect yourself.

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Ransomware: Number One Cyber Insurance Claim

SecureWorld News

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. The number one type of cyber incident so far this year is ransomware.

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Healthcare Cybersecurity Market Soars: Key Trends and Insights

SecureWorld News

Healthcare cybersecurity demand will be driven by ransomware resilience needs, FDA mandates for medical devices, and AI-powered threat detection," notes the Astute Analytica report. The healthcare sector faces an unprecedented wave of cyber threats, which in turn is fueling record growth in cybersecurity spending.

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Ransomware attacks can and will shut you down

Cisco Security

No, Ransomware attacks are not random. 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. 67 individual ransomware attacks on schools and colleges–a 19 percent decrease from 2020 (83) . What happened: