SecureWorld News

MAY 26, 2021

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year. cyber insurance market.

Cyber Insurance 56

Cyber Insurance Insurance Cyber Risk Marketing 56

SecureWorld News

SEPTEMBER 10, 2020

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.

Cyber Insurance 54

Cyber Insurance Insurance Ransomware Cyber Attacks 54

SC Magazine

MAY 24, 2021

Overall, insurance companies seem to be responding to increased demand from clients for cyber-specific insurance, and one survey found that the two things most likely to spur a purchase of cyber insurance are when a business experiences a cyber attack and when they hear about other companies being hit by a cyber attack.

Cyber Insurance 94

Cyber Insurance Insurance Marketing Cyber Risk 94

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 85

Cyber Insurance Insurance Data privacy Data breaches 85

Duo's Security Blog

OCTOBER 7, 2022

As I covered in my other blog — Cyber Liability Insurance Essentials for Small and Medium-Sized Enterprises — there are several approaches firms can take to increase their chances of obtaining a policy. Small business cyber insurance: Is it really needed?

Small Business 71

Small Business Cyber Insurance Insurance Cyber Risk 71

CyberSecurity Insiders

APRIL 19, 2021

Hiscox Cyber Readiness Report 2021 states that most of the German firms are vulnerable to cyber attacks and are topping the list of the study group with a loss tally of $48 million. Researchers who conducted the survey concluded after gauging six key cyber security areas related to people, technology and processes.

Cyber Attacks 69

Cyber Attacks Cyber Insurance Insurance Cyber threats 69

Security Boulevard

NOVEMBER 24, 2023

Why is the insurance industry struggling with this? Cyber attackers escalate and adapt quickly, which undermines the historical-based models that insurance companies rely on. Attackers are continually shifting their maneuvers that identify victims, cause increasing loss, and rapidly shift to new areas of impact.

Insurance 70

Insurance Risk Cyber Insurance Cybersecurity 70

Security Affairs

FEBRUARY 6, 2021

Packaging giant WestRock revealed this week that the recent ransomware attack impacted the company’s IT and operational technology (OT) systems. WestRock did not share details about the security incident, it only confirmed that its staff discovered the attack on January 23. million.

Ransomware 142

Ransomware Cyber Insurance Insurance Technology 142

Thales Cloud Protection & Licensing

MAY 9, 2022

This demonstrates that there are still some businesses that have not learned the lessons of the Colonial Pipeline attack and listened to what security experts and the U.S. government is recommending to ensure the operations of Critical National Infrastructure are not affected by ransomware attacks. Cyber insurance coverage ramps up.

Cyber Insurance 71

Cyber Insurance Insurance Backups Ransomware 71

Security Boulevard

AUGUST 22, 2022

Even with ransomware costing billions of dollars in losses and cyber insurance claims, organizations are still impacted beyond the checkbook. Email phishing, brute force, and even employees leaving with a host of USB sticks, organizations face countless and often unreported cyber attacks.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance CISO 98

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 42

Cybersecurity Cyber Insurance Cyber threats Identity Theft 42

The Last Watchdog

OCTOBER 5, 2023

Byron: I was initially drawn to cybersecurity as a USA TODAY technology reporter assigned to cover Microsoft. Erin: What cybersecurity technologies are you most excited about right now? How can individuals and organizations detect and protect themselves against the misuse of deep fake technology? Erin: So, let’s get started.

Cyber threats 190

Cyber threats Cyber Insurance Cybersecurity Threat Detection 190

Security Boulevard

MAY 12, 2022

Predictable recovery after cyber attacks helps organizations with lessons learned along with driving a business case for more investment from the board of directors. What Is Not Covered Under Cyber Insurance? For organizations seeking cyber insurance, the road for predictable security runs in parallel.

Cyber Insurance 104

Cyber Insurance Insurance Marketing Firewall 104

SecureWorld News

DECEMBER 7, 2022

As the world becomes increasingly reliant on technology, cybersecurity remains a top priority for individuals, businesses, and governments alike. These algorithms will be able to learn and adapt to changing patterns in cyber threats, allowing them to detect and respond to attacks in real time. Cyber insurance trends in 2023.

Cybersecurity 85

Cybersecurity Cyber Insurance Insurance Social Engineering 85

CyberSecurity Insiders

JANUARY 6, 2023

By Doron Pinhas, Chief Technology Officer, Continuity. 2022 clearly demonstrated that attacks on data represent the greatest cyber-threat organizations face. The attack pace not only continued, it accelerated. Job dissatisfaction and surging unemployment across the technology sector is likely to spur more insider threats.

Backups 136

Backups Ransomware Insurance Cyber Insurance 136

eSecurity Planet

OCTOBER 18, 2021

“From a technological standpoint this is a fairly old case, so whatever was in place then probably isn’t relevant to what needs to be in place today – but it does tie together the absolute gravity of the situation that we’re in,” Crockett said. ” Cyber Insurance No Longer Reliable.

Ransomware 89

Ransomware Cyber Insurance Insurance Digital transformation 89

SecureWorld News

NOVEMBER 12, 2020

Sometimes when you are down in the cyber attack trees defending your organization, it can be tough to see the cyber threat forest. And now we have brand new research coming from the EU which unpacks the top cyber threats as they stand now. What are the top cyber threats right now? Trends in Malware attacks.

Cyber threats 104

Cyber threats Insurance Cyber Insurance Ransomware 104

Malwarebytes

JULY 10, 2022

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.

Cyber Insurance 83

Cyber Insurance Insurance Data breaches Phishing 83

Joseph Steinberg

AUGUST 5, 2021

Third-party insurance policies may include coverage, therefore, for the costs of defending lawsuits from parties who claim that their data was compromised as a result of your business’s failure to properly protect it, as well as the costs of court verdicts or settlements resulting from such lawsuits.

Insurance 141

Insurance Risk Data breaches Artificial Intelligence 141

CyberSecurity Insiders

OCTOBER 26, 2022

Once one attack occurs, bad actors tend to further exploit a company’s vulnerabilities and continue to target the company. From a budgetary standpoint, ransom payments and cyber insurance premiums have continued to rise over time. Along with a well-designed plan, organizations need internal safeguards in place.

Ransomware 120

Ransomware Cyber Insurance Insurance Risk 120

SecureList

NOVEMBER 9, 2022

Malware attacks like ransomware will happen to businesses more frequently. And IT teams should be prepared to deal with evolving threats posed by emerging technologies which are becoming widespread, such as geo-targeted phishing or attacks related to Cloud Security, IOT and AI. Deep fake enabled business compromise.

Cybersecurity 121

Cybersecurity Cyber Insurance Cybercrime IoT 121

SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. These losses are not just monetary; the time and resources diverted to deal with the aftermath of an attack can significantly hamper operational efficiency.

Cybersecurity 85

Cybersecurity Backups Cyber threats Software 85

Thales Cloud Protection & Licensing

NOVEMBER 15, 2023

Airports are high-risk locations and more vulnerable to cyber-attacks than airlines. Enforce, sustain, and prove compliance with increasing regulatory and cyber insurance requirements. In addition, airports face increasing pressure to comply with internal and external regulatory standards designed to improve security.

Cybersecurity 87

Cybersecurity Authentication Digital transformation Cyber Insurance 87

Security Boulevard

JUNE 23, 2022

businesses can be built on, and destroyed by, cyber risk. Meanwhile, the chief information officer, who has a very different mandate, often covers cyber security at the most senior level, yet IT operations and security priorities frequently conflict. discuss how your company’s culture supports cyber security and risk management.

Insurance 52

Insurance Cyber Risk CISO Cyber Insurance 52

Malwarebytes

OCTOBER 19, 2022

To make this possible you’ll need comprehensive, recently tested, backups that are both offline and offsite, beyond the reach of your attackers. A muli-layered approach to cyber attack prevention. Our article on 5 technologies that help prevent cyberattacks for SMBs is a great start. More resources.

Passwords 66

Passwords Ransomware Backups Cyber Insurance 66

CyberSecurity Insiders

JANUARY 5, 2022

This alliance will allow the healthcare system to reduce its risk of a cyber-attack and help them achieve its cybersecurity goals. “We The cost of these cyber events is rising sharply with cyber insurance premiums and compliance requirements increasing.

Healthcare 52

Healthcare Risk Cyber Insurance Cyber Attacks 52

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

Double extortion ransomware is a growing type of cyber-attack in which a victim’s sensitive data is first stolen, and then encrypted, giving the criminal the option of demanding two separate ransom payments. Either way, they legitimize such ransom demands and encourage attackers to continue making them.

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

Centraleyes

APRIL 8, 2024

consumers would not trust a company with their personal information if it had a data breach According to the above source, 44% blame cyber attacks on a company’s inadequate security measures. Better Insurance Rates: Cyber insurance providers include data security in their actuarial analysis. 66% of U.S.

Data privacy 52

Data privacy Unstructured Data Data breaches Government 52

Duo's Security Blog

JUNE 9, 2022

From these conversations, it is clear cyber liability insurance is steadily rising to the top of the agenda, due to the sheer amount and scale of cyber-attacks hitting firms. When it comes to trying to get cyber liability cover, that kind of scenario is going to be incredibly difficult to defend to an insurer.

Insurance 65

Insurance Marketing CISO Cyber Insurance 65

Malwarebytes

SEPTEMBER 14, 2022

This article focuses on helping to prevent cyberattacks purely through technology; though of course, businesses need a combination of technology, people, and strategy to truly become cyber resilient. That being said, security experts advise against relying solely on a single technology or technique to protect business endpoints.

Technology 62

Technology DNS Cyber Insurance Insurance 62

Security Affairs

FEBRUARY 8, 2024

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. Shockingly, 96% of these attacks come through email.

Social Engineering 127

Social Engineering Cyber Insurance Cyber Attacks IoT 127

Security Affairs

NOVEMBER 6, 2018

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. The challenge for insurers is how to cover emerging risks for customers in a young industry formed by completely new technologies and relationships between market participants.

Insurance 65

Insurance Cryptocurrency Cyber threats Marketing 65

Security Boulevard

FEBRUARY 8, 2023

Click here to watch the roundtable and learn about the future of cyber insurance from leading experts. In partnership with Cysurance, BlastWave hosted a roundtable entitled “The Future of Cyber Insurance and MSP Insurability. The expert panelists held an honest discussion about insurability difficulties for MSPs.

Cyber Insurance 52

Cyber Insurance Insurance Marketing Risk 52

eSecurity Planet

FEBRUARY 16, 2021

A ransomware attack is about as bad as a cyber attack can get. It can shut down your business – in the case of healthcare organizations that can be life-threatening for patients – damage your reputation with customers and employees, and invite further attacks as cybercriminals view your organization as an easy mark.

Ransomware 97

Ransomware Backups Software Encryption 97

eSecurity Planet

MARCH 17, 2023

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. With DFS, relevant data can quickly be sorted through and brought to light for investigative purposes.

Network Security 110

Network Security Penetration Testing Firewall Antivirus 110

Cisco Security

MARCH 22, 2022

It’s easy to get jaded or to let down our guard because we have not seen the cyber meltdown that was predicted to coincide with the onset of a kinetic conflict involving top-tier military powers. Cyber insurance is not the answer! Bruce also highlights several Frameworks that offer great guidance to make your cyber decisions.

Cyber Insurance 65

Cyber Insurance Authentication Insurance Cyber Risk 65

eSecurity Planet

APRIL 6, 2023

Lapsus$ was responsible for a destructive run of cyber attacks in early 2022, hitting some high-profile tech companies. Conti Around 20% of attacks in early 2022 were from Conti, the group behind the 2021 Irish health services attack. The first ransomware attack took place in 1989.

Ransomware 88

Ransomware Backups Encryption Cybersecurity 88