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.

Risk 113

Risk Cyber Risk Cyber Attacks Government 113

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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Cybersecurity Risk Cyber Risk Data breaches 98

IT Security Guru

FEBRUARY 28, 2023

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 114

Cyber Insurance Insurance Marketing Cyber Risk 114

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.

Cyber Insurance 78

Cyber Insurance Insurance Cyber Risk Authentication 78

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?

Cyber Insurance 102

Cyber Insurance Insurance Risk CISO 102

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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Cyber Risk DNS Phishing Backups 159

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.

Insurance 96

Insurance Cyber Insurance Cyber Risk Cyber threats 96

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%).

Insurance 72

Insurance Risk Cyber Insurance Cybersecurity 72

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.

Cybersecurity 52

Cybersecurity Risk Cyber Risk Data breaches 52

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.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance CISO 98

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).

Government 98

Government Cyber Risk Cybersecurity CISO 98

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.

Cybersecurity 73

Cybersecurity Cyber Risk Marketing Risk 73

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

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?

Cyber Attacks 90

Cyber Attacks Cyber Risk Risk Government 90

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

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.

Risk 70

Risk Penetration Testing Cyber Risk Cyber Attacks 70

SecureWorld News

OCTOBER 22, 2021

And now CISOs and security teams are getting some surprise mainstream exposure from comedians as they turn cyber headlines into security punchlines. It is helping raise greater security and cyber risk awareness within organizations, with everyone from end-users to board members. To those involved, it was serious business.

Cybersecurity 86

Cybersecurity Passwords Cybercrime Hacking 86

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.

Cyber Insurance 81

Cyber Insurance Insurance Risk Technology 81

Cytelligence

AUGUST 8, 2023

Cyber attackers find small businesses an attractive target for several reasons. A cyber security audit is an essential first step in identifying vulnerabilities and weaknesses in the organization’s digital infrastructure. The cost of cybersecurity breaches for small businesses goes beyond immediate financial losses.

Small Business 52

Small Business Cybersecurity Cyber threats Ransomware 52

CyberSecurity Insiders

DECEMBER 28, 2021

Arctic Wolf is one of the fastest-growing cybersecurity companies globally on a mission to end cyber risk. About Arctic Wolf: Arctic Wolf® is the global leader in security operations, delivering the first cloud-native security operations platform to end cyber risk.

Cyber Risk 52

Cyber Risk Risk Threat Detection Cyber threats 52

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.

Cyber Insurance 58

Cyber Insurance Insurance Cyber Risk Marketing 58

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

Insurance 59

Insurance Cyber Risk Technology Ransomware 59

SiteLock

AUGUST 27, 2021

On Tuesday, the Federal Financial Institutions Examination Council (FFIEC) released a new tool to help financial institutions identify their level of risk to a cyber-attack and also gauge their ability to manage and control their own specific threat levels. FFIEC Cybersecurity Assessment ‘Tool’ Goes Live.

Cybersecurity 52

Cybersecurity Banking Government Cyber Attacks 52

Security Boulevard

OCTOBER 7, 2022

However, by conducting regular security risk assessments , you can work with your team to determine the existence of risks and employ a PKI refresh to reduce the risk of a security breach, facilitate business continuity in the event of a breach, and achieve compliance with all predetermined regulations and mandates.

CISO 52

CISO Risk Cyber Attacks Technology 52

Herjavec Group

MAY 27, 2021

Quantify Your Enterprise Cyber-Risk in Relation to Business Objectives. One of the most difficult questions cyber professionals receive from their leadership teams is: “What will be the return on this investment?” Explaining how a cyber-attack would negatively affect critical business operations and bottom-line profits.

Cybersecurity 52

Cybersecurity InfoSec Cyber Risk Risk 52

Digital Shadows

NOVEMBER 10, 2022

Sporting events, like the upcoming FIFA World Cup Qatar 2022 (Qatar 2022 World Cup), attract massive attention from every corner of the world. Cyber threat actors, with varying resources and motivations, are highly interested in these eye-catching events too. Scams could present themselves in many forms.

Cyber threats 52

Cyber threats Media Social Engineering Mobile 52

Security Boulevard

NOVEMBER 16, 2021

These are just a handful of the 18,000 or so customers affected by the SolarWinds Orion data breach of 2020, and, nearly two years later, the company continues to handle the fallout from this event. “We We expect to incur significant legal and other professional services expenses associated with the Cyber Incident in future.

Data breaches 52

Data breaches Cybersecurity Cyber Risk Cyber Attacks 52

Spinone

DECEMBER 26, 2018

It is vital for any enterprise landscape to ensure viable, open, and reliable corporate communications – fostering innovation and economic prosperity, with respect to safeguarding against disruption and serious cyber risk perception. What are the benefits of cyber security awareness trainings?

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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.

Cybersecurity 228

Cybersecurity Computers and Electronics Cyber Risk Risk 228

Herjavec Group

DECEMBER 15, 2021

From Solar Winds to Colonial Pipeline, we’ve seen that the consequences of a ransomware attack don’t just affect the victimized organization – they can have trickle-down effects that impact whole communities, industries and even nations. Provide resources and training for your team on best practices and good cyber hygiene.

Cybersecurity 52

Cybersecurity Digital transformation Ransomware Cyber Risk 52

SecureWorld News

DECEMBER 7, 2022

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. Another change that may occur in the cyber insurance market in 2023 is the adoption of new technologies and risk management strategies by insurers.

Cybersecurity 92

Cybersecurity Cyber Insurance Insurance Social Engineering 92

Spinone

OCTOBER 27, 2020

IBM’s “ 2019 Cost of a Data Breach Report ” details the costs that come from a data breach as a result of various cybersecurity risks. They are eye-opening: The United States sees the costliest cybersecurity events – the average total cost of $8.19 The average cost of lost business was $1.42 This was up from 27.9

Risk 52

Risk Cybersecurity Penetration Testing Data breaches 52

The Security Ledger

AUGUST 1, 2019

» Related Stories Israeli Group Exploited WhatsApp to Spy on Users Episode 158: How NotPetya has Insurers grappling with Systemic Cyber Risk Episode 149: How Real is the Huawei Risk? Also: Adam Meyers of CrowdStrike joins us to talk about that company's first ever report on mobile malware, which is. Read the whole entry. »

Mobile 40

Mobile Malware Insurance Cyber Risk 40

Spinone

JUNE 8, 2018

There is a huge difference between raw data collected and meaningful insights that can benefit enterprises in their attempt to prevent cyber attacks. AI and analytics programs can help business extract useful points from historical data to identify the pattern and model potentially negative events that might take place in the future.

Big data 40

Big data Artificial Intelligence Cyber Attacks Identity Theft 40

Responsible Cyber

NOVEMBER 17, 2021

The above drives the requirement for more cyber awareness within companies operating in Industry 4.0., ensuring that they are well prepared for emerging cyber risks. During the event, several industry thought-leaders will be sharing insights on the importance of connectivity and cybersecurity for I4.0

Manufacturing 40

Manufacturing Cybersecurity Technology Cyber Attacks 40

eSecurity Planet

JUNE 30, 2023

By carrying out these scans, you can boost your cybersecurity defenses and keep your company safe from cyber attacks by identifying and addressing vulnerabilities before they are exploited. These include: Malware Malvertising Phishing DDoS Ransomware Session hijacking Drive-by attack When Should You Do an External Vulnerability Scan?

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Penetration Testing Network Security Risk Data breaches 85

IT Security Guru

JUNE 28, 2022

CSPM also provides educational videos so employees are made aware of how to defend themselves from cyber-attacks. These controls can mitigate 80% of common cyber risks such as hacking, phishing, malware infections and social engineering attacks.

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Cybersecurity Digital transformation Phishing Cybercrime 76