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. Insurers Assessing Risks.

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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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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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eSecurity Planet

JANUARY 12, 2021

Protecting your organization from IT security risks is an ongoing, fluid task. As a savvy tech leader, you are likely hyperfocused on performing security risk audits to keep your networks strong and protected. Components of Security Risk Assessments. Risk assessment : A risk assessment quantifies what you have to lose (i.e.,

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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

APRIL 17, 2023

Risk management: Cyber insurance policies often require a risk assessment, which can help an organization identify and address vulnerabilities and improve its cybersecurity posture. Having cyber insurance can help ensure compliance with these requirements. Is it required? legal advice, forensic investigators, etc.)

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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.

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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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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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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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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+. Thousands local elections remain at high risk.

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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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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 What is a cybersecurity risk assessment?

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Spinone

DECEMBER 26, 2018

In this article we will learn how to address and effectively respond to major enterprise cybersecurity threats and provide tips to mitigate IT security risk. Be On Your Guard with the Most Treacherous Insider Roles A paramount priority when addressing the threat is to distinguish the fundamental insider risks.

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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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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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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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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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CyberSecurity Insiders

OCTOBER 23, 2021

The report provides an inside look at the insights and tools used by risk managers, IT departments, security researchers, and solution providers to hone their offerings and approaches to keeping organizations safe from evolving cyber threats. “By Litigation risks for tech vendors. Ransomware claims and costs.

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Insurance Cyber Risk Technology Ransomware 59

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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Cytelligence

AUGUST 8, 2023

Cyber attackers find small businesses an attractive target for several reasons. The Value of a Cyber Security Audit for Small Businesses Small businesses must prioritize proactive cybersecurity measures to mitigate cyber threats’ financial and reputational risks.

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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. © 2021 Arctic Wolf Networks, Inc., All Rights Reserved.

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Security Boulevard

OCTOBER 7, 2022

Reduce risk and achieve compliance. With the rapid evolution of today’s technology, calculating where true risk lies can be extremely challenging. Cyber attackers tend to target businesses with the sole intent of stealing intellectual property, your customer database, and much more. Ensure clean, low-risk audit results.

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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.

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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.

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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.

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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.

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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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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.

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Joseph Steinberg

JANUARY 18, 2024

While technological advances have, in some ways, allowed humans to enjoy an unprecedented quality of life, they also create significant risks. When it comes to cybersecurity the same is true – you need a cyber security if you want to competently address cyber risk.

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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.

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Schneier on Security

FEBRUARY 28, 2024

A cyber insurance backstop would provide a means for insurers to receive financial support from the federal government in the event that there was a catastrophic cyberattack that caused so much financial damage that the insurers could not afford to cover all of it. 11, 2001, terrorist attacks. 11, 2001, terrorist attacks.

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Responsible Cyber

APRIL 8, 2020

Small and mid-sized enterprises (SMEs) are increasingly at risk of cyber-attacks, and often serve as a launch pad for larger threat campaigns, according to Cisco’s 2018 SMB Cybersecurity Report. Many employees do not know (or care enough) to protect themselves online, and this can put businesses at risk.

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Spinone

JUNE 8, 2018

4-step Cyber Security Risk Response Going by a 4-step cyber security risk response, we will elaborate on how big data along with machine learning and AI can help organizations deal with cyber threats and back up the sensitive information of an enterprise. Big data helps broaden horizons (e.g.

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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.

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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? Read the whole entry. » Jerome Segura is the Director of Threat Intelligence at the firm Malwarebytes.

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