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Krispy Kreme Cyber Attack a Wake-Up Call for the Food Industry

SecureWorld News

Despite these setbacks, the company has stated that, with its cyber insurance coverage and ongoing remediation efforts, it doesn't expect a long-term material impact on its business fundamentals. The incident contributed to a short-term stock price dip of about 2% and added to operational expenses during the recovery phase.

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The Cyber Insurance Landscape Has Grown More Complicated

SecureWorld News

When considering adding a cyber insurance policy, organizations, both public and private, must weigh the pros and cons of having insurance to cover against harm caused by a cybersecurity incident. Having cyber insurance can help ensure compliance with these requirements. Can companies live without cyber insurance?

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4 ways businesses can save money on cyber insurance

Malwarebytes

Without cyber insurance , you can expect to pay a dizzying amount of cash. In 2022 alone, the average cost of a data breach for businesses under 1,000 employees was close to $3 million—and these costs are coming from activities that cyber insurers typically cover, such as detecting and responding to the breach.

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Lloyd’s to end insurance coverage for state cyber attacks

Javvad Malik

Lloyds of London has told its members to exclude nation state cyber attacks from insurance policies beginning in 2023, saying they pose unacceptable levels or risk. So who will decide whether an attack is a nation state or just little Timmy trying to impress his friends on the Discord channel?

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Top Cyber Attacker Techniques, August–October 2024

Digital Shadows

The US, manufacturing sector, and professional, scientific, and technical services (PSTS) sector are primary targets amidst an overall increase in ransomware attacks. This underscores the importance of having additional compensating controls and educating employees on the risks associated with phishing and other social engineering attacks.

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Staying Ahead of the Distortion of a Cyber Attack?

Security Boulevard

Staying Ahead of the Distortion of a Cyber Attack? Each firewall, IDS, MFA, and email security is built to protect and stop cyber attacks. Years ago, I called on several K12 school districts as a sales engineer. Will cyber insurance continue to be an option that organizations can rely on?

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26 Cyber Security Stats Every User Should Be Aware Of in 2024

Security Affairs

26 key cyber security stats for 2024 that every user should know, from rising cyber crime rates to the impact of AI technolog y. Cyber Crime Surge: During COVID-19 , cyber crimes shot up by 600%, showing how threats adapt to global changes. Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches.