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The future of cyber insurance

IT Security Guru

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.

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Ransomware Attack Hits Carnival Cruise Corporation: What We Know

SecureWorld News

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.

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Ransomware Backlash: Patients Are Suing Scripps Health

SecureWorld News

However, as a result of the Data Breach, both the past lab results and future lab orders that Rubenstein had through July 2021 were inaccessible to him. Rubenstein altogether missed a regularly scheduled bone marrow biopsy in May 2021 due to the Data Breach and its resultant online network failure.

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Ransomware Backlash: Patients Are Suing Scripps Health

SecureWorld News

However, as a result of the Data Breach, both the past lab results and future lab orders that Rubenstein had through July 2021 were inaccessible to him. Rubenstein altogether missed a regularly scheduled bone marrow biopsy in May 2021 due to the Data Breach and its resultant online network failure.

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A Guide to Key Management as a Service

Thales Cloud Protection & Licensing

Improved key management practices: With KMaaS, organizations can ensure that their keys are managed according to industry best practices, which helps minimize the risk of data breaches. Managing the encryption keys securely, KMaaS can help protect encryption and prevent unauthorized access to sensitive data.

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Have board directors any liability for a cyberattack against their company?

Security Affairs

The size of the cyber risk to companies cannot be underestimated. To indicate the size of the cyber risk to companies, there is, on average, a cyber-attack every 39 seconds, which does not mean that every attack is successful, but that there is an attempt to access companies’ computer systems with that frequency.

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The Surge of Double Extortion Ransomware Attacks

Pen Test

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.