Security Affairs

DECEMBER 28, 2022

The chief executive of insurance giant Zurich warns that cyber attacks, rather than natural catastrophes, will become uninsurable. Mario Greco, chief executive of insurer giant Zurich, has warned that cyber attacks will become soon “uninsurable.”. These people can severely disrupt our lives.”

Cyber Attacks 89

Cyber Attacks Cyber Insurance Insurance Cyber Risk 89

CyberSecurity Insiders

MARCH 18, 2021

After the SolarWinds cyber attack on Govt infrastructure, the government of United States seems to have taken Cybersecurity as a top priority to rectify any flaws that could make way to any future cyber attacks in the future. Maintain a senior management and board approved cyber insurance risk strategy. ·

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Cyber Insurance Insurance Cyber Risk Financial Services 111

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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Insurance Cyber Attacks Cyber Insurance Cybersecurity 105

Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. Cyber has changed everything around us – even the way we tackle geopolitical crisis and conflicts. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance.

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Cyber Insurance Insurance Risk Technology 81

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. As cyber criminals mature and advance their tactics, small and medium businesses become the most vulnerable because they lack the capacity – staff, technology, budget - to build strong cyber defenses. The necessity for cyber-insurance coverage.

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Cyber Insurance Insurance Cyber Risk Authentication 77

IT Security Guru

JUNE 28, 2022

Enter cyber insurance. We insure almost everything – our homes, our cars, even our lives. At first glance, it seems odd that most businesses don’t insure against something as potentially devastating as cybercrime. Unfortunately, transferring traditional insurance models to the cyber-sphere isn’t an easy task.

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Cyber Insurance Insurance Small Business Marketing 135

Duo's Security Blog

OCTOBER 7, 2022

In this blog, we explain why it makes sense for these firms to work with managed service providers (MSPs) to help bolster their security posture and increase their chances of getting cyber liability insurance cover as insurers continue to raise the bar. Small business cyber insurance: Is it really needed?

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Small Business Cyber Insurance Insurance Cyber Risk 93

SC Magazine

MAY 24, 2021

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

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Cyber Insurance Insurance Marketing Cyber Risk 94

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.

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Cyber Insurance Insurance Cyber Risk Marketing 58

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. So how do insurers get hold of that kind of insight? Here are my key takeaways.

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Insurance Marketing CISO Cyber Insurance 85

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

The Security Ledger

OCTOBER 3, 2019

Kevin Richards of the insurer Marsh joins us to talk about that company's Cyber Risk Perceptions Survey. » Related Stories Explained: Two-Factor vs. Multi-Factor Authentication RSA warns Digital Transformation is supercharging Digital Risk Episode 149: How Real is the Huawei Risk? Read the whole entry. »

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Cyber Risk Risk Insurance Passwords 40

The Last Watchdog

JUNE 2, 2022

Third-Party Risk Management ( TPRM ) has been around since the mid-1990s – and has become something of an auditing nightmare. Related: A call to share risk assessments. This is because third-party risk has become a huge problem for enterprises in the digital age. Cyber risks profiling. Cyber hygiene boost.

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Cyber Risk Risk Digital transformation Insurance 266

eSecurity Planet

FEBRUARY 11, 2022

Risk management is a concept that has been around as long as companies have had assets to protect. The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. What is Cybersecurity Risk Management? Setting Up Your Risk Management System.

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Risk Cybersecurity Encryption Technology 144

Schneier on Security

FEBRUARY 28, 2024

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. 11, 2001, terrorist attacks. The 9/11 attacks cost insurers and reinsurers $47 billion.

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Cyber Insurance Insurance Government Cyber Risk 235

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. Cybersecurity preparedness/ insurance. Mobile devices. Data backups.

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Risk Penetration Testing Cyber Risk Cyber Attacks 70

SecureWorld News

FEBRUARY 6, 2024

Businesses make calculated risk decisions balancing attack prevention costs against potential breach impact." These incidents underscore regulatory aims for public cyber risk transparency. For the broader industry, it's valuable threat intelligence highlighting the financial implications of cyber incidents."

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Security Boulevard

JUNE 23, 2022

In just a few years, cyber has transformed from the nerd in the corner into the Kim Kardashian of risk. businesses can be built on, and destroyed by, cyber risk. Ask your cyber exec to explain the threats facing the organisation. discuss how your company’s culture supports cyber security and risk management.

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Insurance Cyber Risk CISO Cyber Insurance 52

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.

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SecureWorld News

AUGUST 25, 2021

How am I protecting my organization from an attack? What will our insurance cover? As ransomware attacks have spiked in the last year, a common theme for many organizations is that the attack was the result of failed cybersecurity. Nor is it an improbable cyber Armageddon. Cyber insurance fueling ransomware?

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Ransomware Insurance Cyber Insurance Cyber Risk 84

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. Cyber insurance trends in 2023. I believe we'll see more exemption clauses denying coverage for ransomware and other specific attack types.".

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Cybersecurity Cyber Insurance Insurance Social Engineering 92

NopSec

AUGUST 30, 2013

If you are responsible for IT security in the financial services industry, you may have been asked by a regulator to disclose details on your company’s preparedness for cyber-attacks. NopSec has received requests for help from customers at banks, credit unions, and insurance.

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Insurance Cyber threats Banking Financial Services 40

Security Boulevard

JUNE 8, 2021

It’s important to remember, however, as we slowly transition back into some semblance of normality, that there will be new challenges to face in all facets of life, and the Cyber Security sector is no exception. CTO, Cyber Tec Security.

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Cyber Insurance Cyber Attacks Cyber threats Insurance 105

Security Affairs

MARCH 27, 2019

Norwegian aluminum giant Norsk Hydro estimates more than $40 million losses in the first week following the ransomware attack that disrupted its operations. The news of the cyber attack had an immediate economic impact and caused a drop in the share price of 2.0 percent in early trading on the Oslo Stock Exchange.

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Insurance Cyber Attacks Ransomware Advertising 82

The Security Ledger

JULY 22, 2020

In this Spotlight podcast* we’re joined by Andrew Jaquith, the CISO at QOMPLX to talk about how the COVID pandemic is highlighting longstanding problems with cyber risk management and cyber resilience. Episode 107: What’s Hot at Black Hat & does DHS need its new Risk Management Center? Read the whole entry. »

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CISO Cyber Risk Ransomware Risk 52

BH Consulting

JANUARY 11, 2022

We begin with a look at a contentious topic: cyber risk insurance. The blog was inspired by the growing number of organisations coming under pressure to take out insurance cover. Risk vs reward. There is an argument that cybersecurity insurance is useful because it makes people think of business risk, not just IT.

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Cybersecurity Insurance Scams Cyber Risk 59

The Last Watchdog

JUNE 6, 2022

As their organizations migrate deeper into an intensively interconnected digital ecosystem, CISOs must deal with cyber attacks raining down on all fronts. Unmanaged smartphones and laptops, misconfigured Software as a Service (SaaS) apps, unsecured Internet access present more of an enterprise risk than ever. Need a roadmap?

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Cyber Risk Risk CISO Cloud Migration 263

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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Security Awareness Risk Cyber threats Cyber Risk 40

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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Penetration Testing Insurance Data preservation Cyber Insurance 45

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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Insurance Cyber Insurance Artificial Intelligence Cybersecurity 258

The Security Ledger

DECEMBER 19, 2018

In this spotlight edition* of The Security Ledger Podcast, Steve Hanna of Infineon joins us to talk about the growing risk of cyber attacks on industrial systems and critical infrastructure. is poised to transform the global economy, Hanna said, but not if the issue of cyber risk can't be managed. Industry 4.0"

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Internet Internet IoT Cyber Risk 40

SecureWorld News

MARCH 3, 2021

This is just more proof that cyber risk is a business risk. Universal Health Services (UHS), an American Fortune 500 company that provides healthcare services, recently revealed that it fell victim to a cyberattack in late September 2020 which forced IT networks to be shutdown at multiple hospitals in the US.

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Data breaches Technology Healthcare Insurance 86

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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Security Affairs

NOVEMBER 14, 2022

Are the directors of a company hit by a cyberattack liable for negligence in failing to take steps to limit the risk. As the risk of a cyberattack grows, it is pivotal to consider whether the directors of a company hit by a ransomware attack, for example, can bear any liability for negligence in failing to take steps to limit the risk.

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Cyber Risk Insurance Cyber Attacks Risk 117

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.

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Mobile Malware Insurance Cyber Risk 40

The Security Ledger

JUNE 24, 2021

A coordinated cyber attack on U.S. How likely is such an attack? I case you’ve been living under a rock for the last year, let’s review: attacks on critical infrastructure are a thing. Episode 158: How NotPetya has Insurers grappling with Systemic Cyber Risk. The consequences of any attack on the U.S.

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Cyber Risk Risk Cyber Attacks Ransomware 52

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. of Morris Risk Management, John Franzino of Grid Security Inc.,

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Cyber Insurance Insurance Marketing Risk 52