Security Boulevard

JUNE 21, 2022

Is Cyber Breach Insurance part of your Cybersecurity roadmap? Is Cyber Breach Insurance part of your Cybersecurity roadmap? The post Is Cyber Breach Insurance part of your Cybersecurity roadmap? The post Is Cyber Breach Insurance part of your Cybersecurity roadmap?

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Insurance Cybersecurity Cyber Attacks 109

eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

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Cyber Insurance Insurance Cyber Attacks Ransomware 128

CyberSecurity Insiders

APRIL 1, 2021

CyberCube, a cyber analytics firm, claims that the rise in cyber-attacks on Microsoft servers could also increase cyber insurance claims filed by many companies. . The post Cyber attacks on Microsoft Exchange Email Servers could surge up cyber insurance claims appeared first on Cybersecurity Insiders.

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CyberSecurity Insiders

FEBRUARY 17, 2022

For all those companies who are planning to renew their cyber insurance policy or are in a procedure to take one, here’s a piece of information that might interest you. Most of the Cyber Insurance companies have excluded ‘Cyber War’ consequences from their policies. that’s insane….isn’t isn’t it? .

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CyberSecurity Insiders

APRIL 20, 2023

Bank of America has expressed its concerns over Lloyd’s recent policy decision to exclude cyber insurance coverage for large corporations hit by cyber attacks funded by adversary states. The post Cost of state cyber attacks not to be covered under insurance says Lloyd appeared first on Cybersecurity Insiders.

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Insurance Cyber Attacks Cyber Insurance Financial Services 52

Joseph Steinberg

AUGUST 5, 2021

One of the important concepts about which people must be aware when evaluating their cybersecurity postures and related liabilities, but which, for some reason, many folks seem to be unaware, is the difference between first-party risks and third-party risks. First-Party Risks And Coverage.

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Insurance Risk Data breaches Artificial Intelligence 141

IT Security Guru

FEBRUARY 28, 2023

Cyber insurers are losing money. 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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CyberSecurity Insiders

FEBRUARY 17, 2023

Succession Wealth, a financial wealth management service offering company, has released a press statement that a cyber attack targeted its servers and it can only reveal details after the investigation gets concluded. Prima Facie revealed that hackers accessed no client data in the attack.

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Cyber Attacks Identity Theft Insurance Social Engineering 129

CyberSecurity Insiders

JUNE 21, 2023

Going forward, let us list out the victims who have been impacted by the attack after the hack-ers gained control of Moveit file transfer software worldwide, a business unit of Progress Software. The post List of victimized companies of MOVEit Cyber Attack appeared first on Cybersecurity Insiders.

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Cyber Attacks Retail Insurance Healthcare 137

SecureWorld News

APRIL 17, 2023

When considering adding a cyber insurance policy, organizations, both public and private, must weigh the pros and cons of having insurance to cover against harm caused by a cybersecurity incident. Having cyber insurance can help ensure compliance with these requirements. Is it required?

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Security Boulevard

JANUARY 8, 2023

There are dark clouds on the horizon as well as conflicting forecasts regarding cyber insurance in 2023 and beyond. Where will the insurance market go from here on cybersecurity coverage? The post Are Cyber Attacks at Risk of Becoming ‘Uninsurable’? appeared first on Security Boulevard.

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Security Boulevard

FEBRUARY 7, 2022

Cybersecurity insurance is an absolute necessity for any business operating in the modern world. However, increasing demand and threats of attacks have made insurance companies much more hesitant to offer claims.

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Insurance Cybersecurity Cyber Attacks Data breaches 98

Heimadal Security

FEBRUARY 14, 2024

The two medical insurance companies announced at the beginning of February 2024 that they were victims of cybercrime. Hackers used […] The post France Cyber Attack – Data Breaches Compromise 33 Million People’s Data appeared first on Heimdal Security Blog.

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Data breaches Cyber Attacks Insurance Healthcare 88

Cytelligence

OCTOBER 18, 2023

Cyber threats have become a significant concern for businesses of all sizes. The cost of cyber attacks, including financial losses, reputational damage, and legal consequences, can be staggering. To mitigate these risks, businesses often invest in cyber insurance. This is where CYPFER comes in.

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Security Boulevard

JULY 25, 2023

Picture this: your company falls victim to a cyber-attack, resulting in loss of revenue and significant operational downtime. The post Cyber Insurance: The Key to Business Resilience in a Risky World appeared first on Security Boulevard. Do you know what your next steps should be?

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IT Security Guru

JUNE 28, 2022

The past decade has seen cybersecurity barge its way into the mainstream. A meteoric rise in attack rates during COVID-19 , major incidents such as the Colonial Pipeline attack, and an increasingly tense geopolitical landscape have all contributed to cybersecurity’s current position at the top of global news feeds.

Cyber Insurance 130

Cyber Insurance Insurance Small Business Marketing 130

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

CyberSecurity Insiders

FEBRUARY 16, 2021

The intelligence committee, funded by South Korea’s National Assembly, has revealed that a cyber attack launched on Pfizer at the end of last year was launched by North Korean hackers to steal the intelligence of vaccine research that was co-sponsored by BioNTech.

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Cyber Attacks Insurance Backups Encryption 144

Security Boulevard

AUGUST 30, 2022

Lloyd's Backs Off Insurance for State-Sponsored Cyberattacks. Cyber related businesses are ‘evolving risk’. issued a market bulletin dated August 16, 2022 setting out new rules for standalone cyber-attack policies that would exclude coverage for damages from state-sponsored attacks. brooke.crothers. Gray areas.

Insurance 95

Insurance Cyber Attacks Government Marketing 95

CyberSecurity Insiders

APRIL 23, 2021

Microsoft Exchange Server Cyber Attack- Cyber Threat actors somehow infiltrated the email servers of Microsoft Exchange operating across the world through a vulnerability and accessed data of many government and private companies.

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Cyber Attacks Insurance Cyber Insurance Ransomware 145

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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CyberSecurity Insiders

JULY 26, 2022

Policybazaar, the Indian Insurance companies that offer an array of online services to users seeking health and car insurance were targeted by hackers leading to a data breach. The post Cyber Attack news headlines trending on Google appeared first on Cybersecurity Insiders.

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Cyber Attacks Insurance Data breaches Mobile 112

CyberSecurity Insiders

NOVEMBER 15, 2022

Cyber Insurance premiums are becoming dearer and the reason for such a rise is claimed to be sophistication in attacks that are making mitigation and recovery expensive. Most companies are showing laxity in following basic cyber security hygiene, leading to a surge in cyber-attacks and data breaches.

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Cyber Insurance Insurance Marketing Data breaches 84

CyberSecurity Insiders

AUGUST 15, 2022

Ever wondered what is covered and what is not in your Cyber Insurance Policy? If not, you better review the guidelines and inform all your C-level employees on strategies to cope with the losses that remain out of the cyber insurance cover. Otherwise, the cyber insurer will not offer any policy coverage.

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Cyber Insurance Insurance Data collection Antivirus 90

SecureWorld News

DECEMBER 4, 2023

Fidelity National Financial (FNF), one of the largest title insurance providers in the United States, announced on November 21 that it fell victim to a sophisticated cyberattack. Disruptions to real estate transactions: Cyberattacks can disrupt real estate transactions, causing delays, cancellations, and title insurance claims.

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Cyber Attacks Insurance Ransomware Education 96

SecureWorld News

DECEMBER 5, 2023

The NCUA regulates and insures these financial orgs. 'I I can confirm that approximately 60 credit unions are currently experiencing some level of outage due to a ransomware attack at a third-party service provider,' the NCUA spokesperson said. federal agency.

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Cyber Attacks Insurance Ransomware Cybersecurity 101

CyberSecurity Insiders

MARCH 24, 2021

United States largest insurance provider CAN Insurance has become a recent victim to a cyber attack making its website and services inaccessible to users from the past three days. The insurance company has acknowledged the issue on Wednesday and admitted that some of its systems were disrupted by cyber attack.

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Insurance Ransomware Cyber Attacks Encryption 75

CyberSecurity Insiders

AUGUST 15, 2021

Car makers Toyota, Hyundai and Nissan are all set to form a consortium that will aim to fight cyber attacks on Connected Cars. And companies like Microsoft Japan, Trend Micro, NTT Communications, Sompo Japan Insurance and few other manufacturers like Panasonic and Denso are all set to join the campaign.

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Cyber Attacks Manufacturing Wireless Insurance 126

CyberSecurity Insiders

NOVEMBER 24, 2022

Australian government is all set to release a new portfolio of rules that order companies pay hackers for launching cyber-attacks. The program will be launched in January next year and was drafted to block state sponsored cyber attacks on Australian IT infrastructure.

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CyberSecurity Insiders

SEPTEMBER 12, 2022

The post Cyber Attack leads to serious data breach at UK Eurocell appeared first on Cybersecurity Insiders. If in case a breach occurs, businesses should notify victims of what type of data was exposed, risks involved and actions taken to help prevent and mitigate the risks from the company side. .

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Data breaches Cyber Attacks Identity Theft Banking 114

CyberSecurity Insiders

JULY 11, 2022

British Insurance firm AON has disclosed that a database of its customers was exposed to hackers for a reasonable amount of time, say one year. The post Cyber Attack news headlines trending on Google appeared first on Cybersecurity Insiders. And so, data of about 145,889 North American customers could have been exposed.

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Cyber Attacks Spyware Mobile Insurance 113

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 83

CyberSecurity Insiders

FEBRUARY 4, 2021

As per the details to Cybersecurity Insiders, the details were siphoned from a database on December 7th,2020 and was leaked on a hacking forum this week as the car dealership service provider might have not paid heed to the demands of the hackers.

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Cyber Attacks Insurance Scams Accountability 142

CyberSecurity Insiders

SEPTEMBER 29, 2021

London based Giant Group has confirmed that its IT infrastructure was suffering repercussions gained through a cyber attack on September 24th,2021 and all its phone, email and other payroll related servers were facing digital disruption.

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Cyber Attacks Insurance DDOS Backups 128

SC Magazine

JUNE 28, 2021

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. Growing losses from ransomware attacks have…emphasized that the current reality is not sustainable for insurers either.

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Cyber Insurance Insurance Ransomware Marketing 136

CyberSecurity Insiders

MAY 26, 2021

A team of experts from the cyber arm of Congress is busy studying the costs involved when the critical infrastructure is targeted by cyber attacks. The post Congress to review Federal Cyber Terrorism Risk Insurance Program appeared first on Cybersecurity Insiders.

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Insurance Risk Cyber Insurance Cyber Attacks 78

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