Backups, Cyber Insurance, Data breaches and Risk

Backups

Cyber Insurance

Data breaches

Risk

The future of cyber insurance

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

Cyber Insurance Insurance Marketing Cyber Risk

Scant evidence that cyber insurance boom is leading to better security

SC Magazine

JUNE 28, 2021

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. However, in practice, it is still yet to be seen if cyber insurance can fulfil this promise.”.

Cyber Insurance

Cyber Insurance Insurance Ransomware Marketing

Join 29,000+

Insiders

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

Cybersecurity for Nonprofits: Cost-Effective Defense Strategies

SecureWorld News

JANUARY 21, 2024

Phishing attacks, for instance, are extremely common: these are deceptive emails or messages designed to steal data. Ransomware is another significant threat, where attackers encrypt an organization's data and demand payment for its release. These backups should be stored securely, ideally in a location separate from the primary data.

Cybersecurity

Cybersecurity Backups Cyber threats Software

Ransomware Attack Hits Carnival Cruise Corporation: What We Know

SecureWorld News

AUGUST 18, 2020

Securities and Exchange Commission, notifying the SEC of the data breach. Hackers exfiltrated (removed) some data. Ransomware attacks: another argument for cyber insurance? Business interruption, loss of revenue and reputational damages are all financial burdens that cyber insurance can provide relief for.

Cyber Insurance

Cyber Insurance Ransomware Insurance Technology

Multiple schools hit by Vice Society ransomware attack

Malwarebytes

JANUARY 15, 2023

There’s no word if any of the schools affected paid the ransom and had their data leaked anyway, or if the ransomware gang stuck to its word and “only” leaked in cases of non-payment. Backup your data. Backups are the last line of defence against an attack that encrypts your data.

Ransomware

Ransomware Backups Education VPN

Local government cybersecurity: 5 best practices

Malwarebytes

SEPTEMBER 30, 2022

And a key part of building out any cybersecurity policy for your local government is to develop an organizational understanding of risk to systems, people, data, and so on. Take cyber insurance , for example. Also delivered free of charge by the NCATS team. Adopt the fundamentals. Baltimore learned this the hard way. (An

Government

Government Cybersecurity Cyber Insurance Insurance

G Suite Security Insurance for SMB

Spinone

DECEMBER 8, 2016

This can also be one of the reasons behind insufficient security practices with many businesses not realising the full effect of a data breach or ransomware attack until it is too late. What is G Suite Security Insurance? There are many G Suite security risks.

Insurance

Insurance Small Business Backups Cyber Insurance

Ensuring Business Resilience: Integrating Incident Response and Disaster Recovery Plans

Centraleyes

MARCH 19, 2024

Critical considerations include assessing business recovery risks, ensuring employee safety, and mitigating financial losses. Accelerating a multi-cloud strategy adds layers of resilience, allowing organizations to mitigate downtime risks and scale services based on demand.

Risk

Risk Backups Technology Cyber threats

The Pain of Double Extortion Ransomware

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

Ransomware attacks have become much more dangerous and have evolved beyond basic security defenses and business continuity techniques like next-gen antivirus and backups. The problem is that businesses are not yet aware of double or triple extortion ransomware and how these tactics can affect their data protection strategies.

Ransomware

Ransomware Encryption Backups Cyber Insurance

The Surge of Double Extortion Ransomware Attacks

Pen Test

OCTOBER 10, 2023

Double extortion introduces catastrophic risks of data breach and loss of customer trust if sensitive information gets leaked publicly. Even just the notification of a data breach can harm an organization's reputation and bottom line. However, the attackers threatened to leak terabytes of data if not paid.

Ransomware

Ransomware Backups Insurance Cyber Insurance

How to Recover From a Ransomware Attack

eSecurity Planet

OCTOBER 5, 2021

An organization must: Prepare a good backup policy and procedure. Paying for internal assessments and penetration tests by a third party can provide fresh thinking and a level of assurance for stakeholders such as customers, the board of directors, and the insurance company that wrote our cyber insurance policy.

Ransomware

Ransomware Backups Insurance Cyber Insurance

How Information Security Breaks The Classic IT Model

Security Boulevard

JUNE 26, 2022

Cost of Breach Could Be Greater Than The Expected Cost Savings. IBM’s annual Cost of a Data Breach study revealed a single data breach could cost a company up to $3.29 That $3.29, even with cyber insurance, is still a significant hit to the organization’s bottom line.

Information Security

Information Security Technology Marketing Cyber Insurance

Ransomware Prevention Guide for Enterprise

Spinone

OCTOBER 13, 2020

Whether it is synchronized files from on-premises to cloud environments or the risk of encryption of cloud email, ransomware is a real threat to your data. As is often the case, the cost of restoring files from backups can amount to more than paying the ransom. Backups aren’t working.

Ransomware

Ransomware Backups Data breaches Encryption

Ransomware Is the No. 1 Cyber Threat This Year. Here’s What You Can Do

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.

Cyber threats

Cyber threats Ransomware Encryption Insurance

Cyber Security Informer

The future of cyber insurance

Scant evidence that cyber insurance boom is leading to better security

Trending Sources

Cybersecurity for Nonprofits: Cost-Effective Defense Strategies

Ransomware Attack Hits Carnival Cruise Corporation: What We Know

Multiple schools hit by Vice Society ransomware attack

Local government cybersecurity: 5 best practices

G Suite Security Insurance for SMB

Ensuring Business Resilience: Integrating Incident Response and Disaster Recovery Plans

The Pain of Double Extortion Ransomware

The Surge of Double Extortion Ransomware Attacks

How to Recover From a Ransomware Attack

How Information Security Breaks The Classic IT Model

Ransomware Prevention Guide for Enterprise

Ransomware Is the No. 1 Cyber Threat This Year. Here’s What You Can Do

Stay Connected