Security Boulevard

NOVEMBER 24, 2023

First published by HelpNetSecurity  — Matthew Rosenquist Cybersecurity insurance is a rapidly growing market, swelling from approximately $13B in 2022 to an estimated $84B in 2030 (26% CAGR), but insurers are struggling with quantifying the potential risks of offering this type of insurance. to 130.6%).

Insurance 72

Insurance Risk Cyber Insurance Cybersecurity 72

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. Let's break it down to the pros and cons.

Cyber Insurance 106

Cyber Insurance Insurance Risk CISO 106

The Hacker News

NOVEMBER 9, 2022

The rise in the costs of data breaches, ransomware, and other cyber attacks leads to rising cyber insurance premiums and more limited cyber insurance coverage. This cyber insurance situation increases risks for organizations struggling to find coverage or facing steep increases.

Cyber Insurance 70

Cyber Insurance Insurance Data breaches Cyber Attacks 70

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. So, at this juncture, incidents such as these can put a permanent dent to their business expansion, as IRDAI doesn’t take data breaches lightly.

Cyber Attacks 112

Cyber Attacks Insurance Data breaches Mobile 112

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.

Cyber Attacks 145

Cyber Attacks Insurance Cyber Insurance Ransomware 145

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.

Cyber Insurance 84

Cyber Insurance Insurance Marketing Data breaches 84

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.

Cyber Insurance 77

Cyber Insurance Insurance Cyber Risk Authentication 77

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.

Cyber Insurance 136

Cyber Insurance Insurance Ransomware Marketing 136

Security Boulevard

JULY 17, 2021

The CNA ransomware attack that made the news in March this year has an extension to the story. The insurance giant revealed that the organization suffered a data breach following the ransomware attack. The post 75,000+ Customers Affected in CNA Ransomware Attack appeared first on Kratikal Blogs.

Ransomware 133

Ransomware Insurance Data breaches Cyber Attacks 133

CyberSecurity Insiders

JUNE 3, 2022

Healthcare providers are opting to pay a ransom in the event of ransomware attacks, instead of recovering it from data backups. The reason is as it is easy and guarantees 100% encrypted data return- Of course, as per their perspective!

Healthcare 120

Healthcare Ransomware Insurance Backups 120

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).

Cyber Insurance 94

Cyber Insurance Insurance Marketing Cyber Risk 94

Security Boulevard

JUNE 26, 2023

Unfortunately, the increasing reliance on digital systems and capabilities has also attracted an ever-growing number of malicious actors seeking to defraud businesses through phishing , social engineering , or ransomware attacks. The end result of these types of cyber attacks are often highly public and damaging data breaches.

Data breaches 52

Data breaches Healthcare Telecommunications Financial Services 52

Security Affairs

MARCH 17, 2024

Every week the best security articles from Security Affairs are free for you in your email box. Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press.

Data breaches 104

Data breaches Computers and Electronics Cybercrime Ransomware 104

CyberSecurity Insiders

JANUARY 6, 2023

2022 clearly demonstrated that attacks on data represent the greatest cyber-threat organizations face. The attack pace not only continued, it accelerated. Notable data breaches took place at Microsoft, News Corp., Make it extremely difficult to tamper with backups and exfiltrate data.

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Backups Ransomware Insurance Cyber Insurance 136

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. The post 5 Reasons Companies Are Denied Cybersecurity Insurance | ARIA appeared first on Security Boulevard.

Insurance 98

Insurance Cybersecurity Cyber Attacks Data breaches 98

SecureWorld News

DECEMBER 14, 2023

Unidentified attackers gained unauthorized access to Fred Hutch's clinical network, compromising the personal information of an estimated 800, 000 patients. This information included names, Social Security numbers, phone numbers, medical history, lab results, and insurance history. In June, St.

Cyber Attacks 95

Cyber Attacks Healthcare Identity Theft Insurance 95

Security Affairs

DECEMBER 16, 2023

The Hunters International ransomware gang claims to have hacked the Fred Hutchinson Cancer Center (Fred Hutch). Another healthcare organization suffered a ransomware attack, the Hunters International ransomware gang claims to have hacked the Fred Hutchinson Cancer Center (Fred Hutch). ” reported the Seattle Times.

Ransomware 109

Ransomware Hacking Insurance Healthcare 109

Security Affairs

JANUARY 23, 2024

The Australian government announced sanctions for a member of the REvil ransomware group for the Medibank hack that occurred in 2022. The Australian government announced sanctions for Aleksandr Gennadievich Ermakov (aka GustaveDore, aiiis_ermak, blade_runner, JimJones), a Russian national who is a member of the REvil ransomware group.

Government 97

Government Insurance Ransomware Hacking 97

Security Affairs

JULY 6, 2020

Systems at Xchanging, a subsidiary of Global IT services and solutions provider DXC Technology was hit by ransomware over the weekend. Global IT services and solutions provider DXC Technology disclosed a ransomware attack that infected systems at its Xchanging subsidiary. Pierluigi Paganini. SecurityAffairs – hacking, DXC).

Ransomware 76

Ransomware Insurance Financial Services Technology 76

Security Affairs

APRIL 8, 2020

The drug testing firm Hammersmith Medicines Research LTD (HMR), which performs live trials of Coronavirus vaccines, discloses a data breach. On March 21, the Maze ransomware operators published some of the stolen files on their “leak site,” after the refusal of the research firm of paying the ransom.

Ransomware 102

Ransomware Data breaches Healthcare Advertising 102

Malwarebytes

JANUARY 26, 2022

Due to the evolving and growing impact of cybersecurity incidents there are some questions starting to arise about the way that insurance companies deal with the costs that are the results of such incidents. But cyber insurance comes in different flavors and sizes. Pharmaceutical giant Merck & Co. Merck suffered US$1.4

Insurance 82

Insurance Cyber Insurance Ransomware Data breaches 82

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

The Pain of Double Extortion Ransomware divya Thu, 02/16/2023 - 06:10 Ransomware perpetrators are adopting more sophisticated attack techniques with much success. Attackers are increasingly threatening double and triple extortion in addition to ransom demands, putting more pressure on victims to comply.

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

Cytelligence

OCTOBER 9, 2023

The Growing Importance of Cybersecurity in California’s Healthcare Industry Cyber attacks are increasing in frequency and sophistication. The healthcare industry is a prime target for cybercriminals due to the vast amounts of valuable data it possesses.

Healthcare 64

Healthcare Cybersecurity Cyber Attacks Cyber threats 64

Krebs on Security

OCTOBER 28, 2020

In March 2020, KrebsOnSecurity alerted Swedish security giant Gunnebo Group that hackers had broken into its network and sold the access to a criminal group which specializes in deploying ransomware. Five months later, Gunnebo disclosed it had suffered a cyber attack targeting its IT systems that forced the shutdown of internal servers.

Hacking 343

Hacking Ransomware Banking Accountability 343

SecureWorld News

NOVEMBER 12, 2020

Sometimes when you are down in the cyber attack trees defending your organization, it can be tough to see the cyber threat forest. And now we have brand new research coming from the EU which unpacks the top cyber threats as they stand now. What are the top cyber threats right now? Data Breach.

Cyber threats 109

Cyber threats Insurance Cyber Insurance Ransomware 109

Security Affairs

APRIL 29, 2019

This open database is a goldmine for identity thieves and other attackers. Here’s how: Cyber Attacks. Phishing scams can take many forms, and ransomware is one of the most dangerous. Why This Data Breach is Different. SecurityAffairs – US Households, Data leak). Real World Dangers. Pierluigi Paganini.

Data breaches 85

Data breaches Internet Internet VPN 85

Spinone

DECEMBER 8, 2016

Cybersecurity is often overlooked by small business, but over 60% of cyber attacks are targeted at small to medium-sized businesses. This can also be one of the reasons behind insufficient security practices with many businesses not realising the full effect of a data breach or ransomware attack until it is too late.

Insurance 40

Insurance Small Business Backups Cyber Insurance 40

IT Security Guru

MAY 24, 2023

It helps to protect your organisation, workforce and clients from cyber-attacks. By doing this, you are reducing the chance of identity theft, data breaches, ransomware, and many other types of cyber threats. Your company is legally obliged to try and protect your staff and clients from such attacks.

Cybersecurity 42

Cybersecurity Cyber Insurance Cyber threats Identity Theft 42

Duo's Security Blog

MAY 23, 2023

Immediately let the IT or security team know of a potential credential compromise According to the OAIC, a key objective of the Notifiable Data Breaches (NDB) scheme is to protect individuals by enabling them to respond quickly to a data breach to mitigate the risk of harm. From the OAIC Notifiable Data Breaches Report 2.

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Authentication Passwords Data breaches Phishing 134

Security Boulevard

MAY 12, 2022

Predictable recovery after cyber attacks helps organizations with lessons learned along with driving a business case for more investment from the board of directors. Predictable patterns of cyberattacks could help us expect and prevent future attacks. The Role Of Cybersecurity Insurance In A Predictive Security.

Cyber Insurance 105

Cyber Insurance Insurance Marketing Firewall 105

CyberSecurity Insiders

JULY 19, 2022

million patients have been exposed to a ransomware infection after a Colorado-based debt collection firm serving hundreds of medical facilities and hospitals across America was breached. According to a notice from PFC, attackers stole confidential patient information including patient names, addresses, and outstanding account balances.

Healthcare 105

Healthcare Encryption Ransomware Penetration Testing 105

Security Affairs

FEBRUARY 26, 2023

Clasiopa group targets materials research in Asia CERT of Ukraine says Russia-linked APT backdoored multiple govt sites UK won the Military Cyberwarfare exercise Defence Cyber Marvel 2 (DCM2) CISA warns of disruptive attacks amid the anniversary of Russia’s invasion of Ukraine Highly evasive cryptocurrency miner targets macOS Hackers are actively exploiting (..)

Social Engineering 80

Social Engineering Cryptocurrency Insurance Malware 80

Security Boulevard

MARCH 31, 2021

Computer Weekly said it had learnt that FatFace paid a £1.5m ($2 million US dollar) ransom to the Conti Ransomware gang , disclosing the gang gained access to FatFace network and their IT systems via a phishing email on 10th January 2021. More and More Ransomware Attacks. UK Gov to Ramp up Cyber Offenses and Defences.

Energy and Utilities 122

Energy and Utilities Ransomware Banking Hacking 122

BH Consulting

JANUARY 11, 2022

From ransomware and scams to security frameworks and employee privacy, our 2021 ‘greatest hits’ show how broad the areas of cybersecurity and data protection can be. We begin with a look at a contentious topic: cyber risk insurance. Lessons hard learned from a ransomware infection. Risk vs reward.

Cybersecurity 59

Cybersecurity Insurance Scams Cyber Risk 59

SecureList

NOVEMBER 9, 2022

Supply-chain will become more of a sweet spot for targeted ransomware and state-sponsored espionage campaigns. Phishing attacks are going to become even more sophisticated, since a lot of basic tactics have already been tried this year, and businesses learned to repel those. Businesses will still be mostly concerned with ransomware.

Cybersecurity 124

Cybersecurity Cyber Insurance Cybercrime IoT 124

CyberSecurity Insiders

NOVEMBER 29, 2021

How email-based cyber attacks work. Email-based attacks are not a new problem. For example, some of the most notorious email-related cyber attacks of the 1990s came through the propagation of the Melissa virus. The Revere Health data breach was small scale compared to the 2020 MEDNAX data breach.

Phishing 124

Phishing Healthcare Data breaches Cyber Attacks 124

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.

Insurance 258

Insurance Cyber Insurance Artificial Intelligence Cybersecurity 258