Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. Ransomware attacks, in particular, pose a significant risk, though some sectors and regions are more vulnerable than others.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

Joseph Steinberg

AUGUST 5, 2021

One of the important concepts about which people must be aware when evaluating their cybersecurity postures and related liabilities, but which, for some reason, many folks seem to be unaware, is the difference between first-party risks and third-party risks. First-Party Risks And Coverage. Third-Party Risks And Coverage.

Insurance 141

Insurance Risk Data breaches Artificial Intelligence 141

Duo's Security Blog

OCTOBER 7, 2022

It will be unsurprising that because of this demand, insurers are particularly careful how they build their policies to minimize their risk from large cyber events. This is especially true if the company looking for cover hasn’t taken adequate enough steps to minimize cyber risks itself.

Small Business 98

Small Business Cyber Insurance Insurance Cyber Risk 98

The Hacker News

JULY 6, 2023

As technology advances and organizations become more reliant on data, the risks associated with data breaches and cyber-attacks also increase. The introduction of data privacy laws, such as the GDPR, has made it mandatory for organizations to disclose breaches of personal data to those affected.

Cyber Insurance 95

Cyber Insurance Insurance Data privacy Data breaches 95

Joseph Steinberg

AUGUST 5, 2021

While leveraging cyber-liability insurance has become an essential component of cyber-risk mitigation strategy, cyber-liability offerings are still relatively new, and, as a result, many parties seeking to obtain coverage are still unaware of many important factors requiring consideration when selecting a policy.

Insurance 258

Insurance Cyber Insurance Artificial Intelligence Ransomware 258

Cytelligence

OCTOBER 18, 2023

Cyber threats have become a significant concern for businesses of all sizes. The cost of cyber attacks, including financial losses, reputational damage, and legal consequences, can be staggering. To mitigate these risks, businesses often invest in cyber insurance. This is where CYPFER comes in.

Cyber Insurance 64

Cyber Insurance Insurance Passwords Cyber Attacks 64

Security Affairs

FEBRUARY 8, 2024

Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches. Shockingly, 96% of these attacks come through email. Ransomware Attacks: In 2023, a whopping 72.7% The cost of these attacks could hit $265 billion annually by 2031. million per breach.

Social Engineering 140

Social Engineering Cyber Attacks Cyber Insurance IoT 140

Security Boulevard

NOVEMBER 24, 2023

First published by HelpNetSecurity  — Matthew Rosenquist Cybersecurity insurance is a rapidly growing market, swelling from approximately $13B in 2022 to an estimated $84B in 2030 (26% CAGR), but insurers are struggling with quantifying the potential risks of offering this type of insurance.

Insurance 72

Insurance Risk Cyber Insurance Cybersecurity 72

BH Consulting

FEBRUARY 24, 2025

Cyber insurance industry faces a pivotal year The cyber insurance industry faces a pivotal year, influenced by evolving ransomware threats, regulatory changes, and the integration of artificial intelligence (AI). MORE Deepseek got the world’s attention, but what about security risks? MORE Got crypto?

Cyber Insurance 59

Cyber Insurance Insurance Ransomware Artificial Intelligence 59

Malwarebytes

SEPTEMBER 14, 2022

Your level of prevention is determined by how much risk you accept to take on. There are two extremes to prevent cyberattacks: Overly permissive prevention and absolute prevention—and where you fall on that spectrum depends on the level of risk in your organization. Bonus: Cyber insurance.

Technology 85

Technology DNS Cyber Insurance Insurance 85

Centraleyes

JUNE 11, 2024

Understanding the Foundation of Risk Mitigation Implementing robust risk mitigation strategies is essential to navigating the complexities of risk-related compliance activities. But before discussing risk mitigation techniques , we must discuss the necessary prep work.

Risk 52

Risk Cyber Insurance Insurance Authentication 52

Security Boulevard

MAY 11, 2022

Cyber-attacks are becoming more sophisticated and devastating, especially for small and medium enterprises (SMEs). With ransom demands rising and the cost of data breaches soaring, businesses are investing heavily in building their cyber defenses. However, cybersecurity is not bullet-proof.

Cyber Risk 52

Cyber Risk Insurance Authentication Risk 52

SecureList

NOVEMBER 9, 2022

The ongoing geopolitical storm brings not only classical cyberthreats for business, but also unpredictable risks and ‘black swans’ The main problem for 2023 will be supply-chain stability and cybersecurity. Yet, in addition to cyber insurance, companies will need a designated DR or RR (Rolling Recovery) plan.

Cybersecurity 144

Cybersecurity Cyber Insurance Cybercrime IoT 144

Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. Ransomware attacks, in particular, pose a significant risk, though some sectors and regions are more vulnerable than others.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

IT Security Guru

MAY 24, 2023

It helps to protect your organisation, workforce and clients from cyber-attacks. By doing this, you are reducing the chance of identity theft, data breaches, ransomware, and many other types of cyber threats. Your company is legally obliged to try and protect your staff and clients from such attacks.

Cybersecurity 51

Cybersecurity Cyber Insurance Cyber threats Insurance 51

eSecurity Planet

MARCH 17, 2023

From there, these tools send alerts to security teams if and when risks are identified. Breach and Attack Simulation Product Guide Top 20 Breach and Attack Simulation (BAS) Vendors Penetration Testing Penetration testing is a tried-and-true method of cyber attack simulation.

Network Security 121

Network Security Penetration Testing Firewall Software 121

Digital Shadows

OCTOBER 14, 2024

Major developments this quarter include “Play” transitioning from double-extortion tactics to targeting ESXi environments and the cybersecurity firm Fortinet experiencing a data breach in which 440GB of customer data was compromised. However, some cyber insurance policies explicitly forbid ransom payments.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

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.

Cybersecurity 104

Cybersecurity Backups Cyber threats Software 104

Spinone

DECEMBER 8, 2016

Cybersecurity is often overlooked by small business, but over 60% of cyber attacks are targeted at small to medium-sized businesses. 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.

Insurance 40

Insurance Small Business Backups Cyber Insurance 40

Cytelligence

FEBRUARY 4, 2020

Acquisition combines Aon’s industry-leading investment in cyber security with Cytelligence’s unique technical expertise in incident response and digital forensics services to strengthen Aon’s cyber security client value proposition. Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025.

Penetration Testing 45

Penetration Testing Insurance Data preservation Risk 45

Centraleyes

DECEMBER 19, 2024

They represent a necessary evolution, as inconsistent practices and limited oversight have left gaps that ransomware attacks and data breaches continue to exploit nationwide. This program must include regular risk assessments, establishing defensive infrastructure, and ongoing vulnerability management.

Healthcare 52

Healthcare Cybersecurity Penetration Testing CISO 52

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

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. Any organization that directly holds vast amounts of data or holds client, supplier, or partner information is vulnerable to double extortion attacks.

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

Centraleyes

APRIL 8, 2024

High-profile data breaches have made data protection and privacy a hot subject. Hackers use more sophisticated methods to break network defenses and steal sensitive data on a large scale. Malicious actors target personal data because of its value. The consequences of data breaches go beyond financial impact.

Data privacy 52

Data privacy Unstructured Data Data breaches Government 52

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 131

Cyber Insurance Insurance Marketing Cyber Attacks 131

ForAllSecure

MAY 17, 2023

Chris Gray of Deep Watch talks about the view from the inside of a virtual SOC, the ability to see threats against a large number of SMB organizations, and the changes to cyber insurance we’re seeing as a result. cyber insurance as a whole was changing heavily. And why is that? It started off pretty easy to get.

Internet 40

Internet Internet Insurance Cyber Insurance 40

Malwarebytes

JANUARY 26, 2022

Due to the evolving and growing impact of cybersecurity incidents there are some questions starting to arise about the way that insurance companies deal with the costs that are the results of such incidents. But cyber insurance comes in different flavors and sizes. Pharmaceutical giant Merck & Co. Merck suffered US$1.4

Insurance 98

Insurance Cyber Insurance Ransomware Data breaches 98

eSecurity Planet

JANUARY 11, 2022

Boasting itself as the world’s first Code Risk Platform, Apiiro Security offers risk visibility across design, code, and cloud segments. Apiiro can connect across hybrid infrastructure through a read-only API and promises real-time inventory and actionable remediation for risks in addressing DevSecOps. Cowbell Cyber.

Cybersecurity 142

Cybersecurity Threat Detection Artificial Intelligence Risk 142

Security Affairs

NOVEMBER 5, 2023

Kinsing threat actors probed the Looney Tunables flaws in recent attacks ZDI discloses four zero-day flaws in Microsoft Exchange Okta customer support system breach impacted 134 customers Multiple WhatsApp mods spotted containing the CanesSpy Spyware Russian FSB arrested Russian hackers who supported Ukrainian cyber operations MuddyWater has been spotted (..)

Cyber Insurance 125

Cyber Insurance Cryptocurrency Internet Internet 125

Jane Frankland

DECEMBER 7, 2023

Cybersecurity can often feel like a game of cat and mouse where cyber attackers and defenders engage in a chase, with one party trying to outsmart the other. Just like in previous years, 2024 is set to test practitioners’ skills as the frequency of cyber threats continues to surge leaving no room for complacency.

Cybersecurity 130

Cybersecurity Cyber threats Insurance Artificial Intelligence 130