Security Boulevard

MARCH 3, 2021

In this part of the blog series on the connection between cybersecurity and insurance, we go through a real-life situation that demonstrates how insurance policies may or may not provide you the necessary coverage in the event of a cyber-attack. A Standalone Cyber Insurance Policy Isn’t Enough As discussed in our previous blog, a.

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Digital Shadows

NOVEMBER 26, 2024

Phishing often serves as the gateway to cyber attacks, opening the door to impactful follow-on activity like malware and ransomware deployment or access to internal networks, ultimately causing substantial financial losses. com and hurricaneheleneclaimhelp[.]com.

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CyberSecurity Insiders

APRIL 29, 2022

IT asset management aka ITAM counts among the key components of a vigilant, full-fledged security strategy — because it allows your security staff to retain a real-time database of IT assets and the related attack vectors. . Let us now see how you can make the best use of ITAM to minimize cyber attacks.

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eSecurity Planet

MAY 27, 2021

A report this month from the Government Accountability Office (GAO) found that the number of companies seeking cyber insurance coverage has steadily risen since 2016 and that insurers are increasing the prices of their policies and lowering their coverage limits as the number of cyberattacks rise. In addition, the U.S.

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Joseph Steinberg

JANUARY 18, 2024

When it comes to cybersecurity the same is true – you need a cyber security if you want to competently address cyber risk. Today, cyber attacks can not only cause financial disasters, they can literally kill people. As time passes, cyber risks continue to grow, and the need for such external advisors does the same.

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Security Affairs

APRIL 11, 2021

Fitch Ratings published an alert last week to warn of the “material risk” to water and sewer utilities caused by cyber attacks that could also impact their ability to repay debt. The expenses to mitigate a cyber-attack could impact the ability of the utilities of paying their debt. ” concludes the alert.

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The Security Ledger

AUGUST 7, 2024

The FBI will host an event exploring agricultural cyber risks in Omaha, Nebraska amid growing concerns of cyber attacks on US agriculture as farms embrace precision agriculture. The post At Nebraska Event, FBI Calls Out Cyber Threats To Agriculture appeared first on The Security Ledger with Paul F.

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SecureWorld News

APRIL 25, 2024

This is due to a technical issue connected to the recent cyber attack, when we were forced to shut down our IT systems. While the investigation is still ongoing, Leicester City Council stated that evidence pointed to the attack being financially motivated rather than an ideological cyberattack.

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BH Consulting

JANUARY 30, 2025

Cyber risk remains top of mind for business leaders A regular January fixture, the World Economic Forums Global Risk Report 2025 features two technology-related threats among the top five risks for the year ahead and beyond. The report ranks risks by severity over two-year and 10-year timeframes.

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The Last Watchdog

JULY 1, 2019

First, there’s a tool called the Rapid Cyber Risk Scorecard. NormShield, the Vienna, VA-based, cybersecurity firm that supplies this service, recently ran scores for all of the 26 declared presidential candidates — and found the average cyber risk score to be B+.

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Security Affairs

NOVEMBER 14, 2022

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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Centraleyes

OCTOBER 7, 2024

Cyber risk mitigation is an ongoing process that aims to reduce the impact of cyber threats on your organization. It encompasses various strategies and tools designed to safeguard your systems and data from potential attacks. Detection: Monitoring systems to identify potential breaches or anomalies.

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Centraleyes

SEPTEMBER 10, 2024

What is an OT Cyber Risk Framework? An OT Cyber Risk Framework is a structured approach designed to identify, assess, manage, and mitigate cybersecurity risks in Operational Technology environments. Assessing the potential impact of cyber threats on critical industrial systems.

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The Last Watchdog

FEBRUARY 21, 2023

This innovative approach has been led by the National Association of Corporate Directors, which has published a series of Cyber Risk Oversight Handbooks in partnership with the Internet Security Alliance. Clinton : The notion that there would be some 9/11 style event that would shock the Congress into action was always a myth.

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SecureWorld News

APRIL 17, 2023

Cons of cyber insurance Cost: Cyber insurance can be expensive, particularly for organizations that are considered high-risk. The cost of the policy may outweigh the potential financial benefit in the event of a cyber incident. Can companies live without cyber insurance? Is it required?

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SecureWorld News

APRIL 13, 2025

Hence, it is evident that artificial intelligence is revolutionizing the cybersecurity industry by providing quicker, more accurate, and more efficient ways to detect cyber attacks. However, hackers may misuse DDoS (Distributed Denial-of-Service) attacks, which can flood the network until the traffic crashes.

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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.

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Thales Cloud Protection & Licensing

OCTOBER 4, 2021

Malign actors are using cyber capabilities to steal from, disrupt, or otherwise threaten financial institutions, investors and the public.”. To address the escalating cyber risks, the Hong Kong Association of Banks (HKAB) developed and published guidelines for Secure Tertiary Data Backup (STDB).

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Spinone

NOVEMBER 22, 2018

We covered the cybersecurity landscape including the most high-profile cyber crime statistics: number of attacks, crime targets, cybersecurity spendings, and cyber risk management. Spending on Cyber Security Why is the cybersecurity market expanding so rapidly? Cyber Risk Management is a business responsibility.

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The Security Ledger

OCTOBER 18, 2021

The post Episode 228: CISA’s Eric Goldstein on being Everyone’s Friend in Cyber. Related Stories Spotlight: When Ransomware Comes Calling Episode 227: What’s Fueling Cyber Attacks on Agriculture ? Read the whole entry. » » Click the icon below to listen. CISA: A Different Kind of Agency. Eric Goldstein (CISA).

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Thales Cloud Protection & Licensing

MAY 10, 2022

With businesses becoming more and more digitized, they are exposed to greater cyber risks. And while organizations are taking steps to protect against cyber attacks, cybersecurity controls are not impenetrable. Cyber risk insurance covers the costs of recovering from a security breach, a virus, or a cyber-attack.

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Approachable Cyber Threats

JULY 31, 2023

If you’re a publicly traded company, you’re required to report cybersecurity events that impact the bottom line to your investors. In the event of a cybersecurity incident you’re expected to report it to investors within just four days. and then repeat that process for the many other risks that could lower the value of your investment.

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SecureWorld News

JULY 28, 2021

Col Leighton said: "President Biden's comment that a cyber attack 'of great consequence' could result in a shooting war is the latest acknowledgement by a high-level U.S. leader that the country is keeping its options open when it comes to such an event.". SWN: So U.S. leaders have made statements like this before?

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SecureWorld News

FEBRUARY 6, 2024

New regulatory filings have exposed the skyrocketing costs of major cyber incidents, as big brands Clorox and Johnson Controls admitted collectively suffering more than $75 million in attack-related expenditures last year. Cleaning giant Clorox was struck by an unspecified cyber event discovered in August 2023.

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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.

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Security Boulevard

AUGUST 22, 2022

Attacks on the rise. Cyber incidents happen every day. Email phishing, brute force, and even employees leaving with a host of USB sticks, organizations face countless and often unreported cyber attacks. These attacks have driven the cost of cyber insurance premiums higher. Absolutely.

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Digital Shadows

NOVEMBER 26, 2024

Phishing often serves as the gateway to cyber attacks, opening the door to impactful follow-on activity like malware and ransomware deployment or access to internal networks, ultimately causing substantial financial losses. com and hurricaneheleneclaimhelp[.]com.

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Security Affairs

APRIL 22, 2022

This shift to digital technology has created a new class of digital risks that are constantly evolving and strike faster and often with more severity than traditional risks. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance.

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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.

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The Security Ledger

OCTOBER 18, 2018

Russ Schrader of the National Cybersecurity Alliance (NCSA) and Angel Grant of RSA * join us to discuss the history of Cybersecurity Awareness Month and how the event is changing to meet growing demand. . And what does Cyber Security Awareness Month mean in 2018 as opposed to 2003? October is Cybersecurity Awareness Month.

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Joseph Steinberg

JANUARY 19, 2024

When it comes to cybersecurity the same is true – you need a cyber security if you want to competently address cyber risk. Today, cyber attacks can not only cause financial disasters, they can literally kill people. As time passes, cyber risks continue to grow, and the need for such external advisors does the same.

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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-specific policies.

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eSecurity Planet

JANUARY 12, 2021

With security risk assessments, the cybersecurity professionals within an organization can clearly see the efficiency of the organization’s controls, determine risk factors, come up with detailed plans and solutions, detect vulnerabilities and offer options to alleviate them. Manual risk assessments can be risky.

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Security Boulevard

NOVEMBER 24, 2023

The traditional actuary models do not apply well to an environment where highly motivated, creative, and intelligent attackers are dynamically pursuing actions that cause insurable events. Cyber attackers escalate and adapt quickly, which undermines the historical-based models that insurance companies rely on. to 130.6%).

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CyberSecurity Insiders

OCTOBER 23, 2021

“By tapping into the advanced capabilities of our IT scanning technology, we’re proud to share actionable data to increase awareness around the current state of cyber risk technology and help eliminate the impact of adverse events — especially as we approach the end of a pivotal year,” said Madhu Tadikonda, President of Corvus Insurance. “We

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The Security Ledger

JUNE 5, 2024

Chris Walcutt, the CSO at DirectDefense talks about the rapidly changing threat landscape that critical infrastructure owners and operators inhabit, and how savvy firms are managing OT cyber risks. The post Spotlight Podcast: OT Is Under Attack. appeared first on The Security Ledger with Paul F. Click the icon below to listen.

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Approachable Cyber Threats

JULY 31, 2023

If you’re a publicly traded company, you’re required to report cybersecurity events that impact the bottom line to your investors. In the event of a cybersecurity incident you’re expected to report it to investors within just four days. and then repeat that process for the many other risks that could lower the value of your investment.

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