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

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

SecureWorld News

MARCH 3, 2021

This is just more proof that cyber risk is a business risk. Operational impact of the data breach. It also included detailed information on the data breach and how that impacted the operations of the company. "As Incident response to the data breach. Financial impact of the data breach.

Data breaches 86

Data breaches Technology Healthcare Insurance 86

SecureWorld News

JANUARY 7, 2024

The integration of Governance, Risk, and Compliance (GRC) strategies with emerging technologies like Artificial Intelligence and the Internet of Things are reshaping the corporate risk landscape. In recent years, these programs have become even more effective thanks to technology such as artificial intelligence.

IoT 80

IoT Technology Artificial Intelligence Government 80

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.

Cyber Attacks 91

Cyber Attacks Healthcare Identity Theft Insurance 91

SecureWorld News

APRIL 5, 2021

The beverage company recently gave investors an update on data breach recovery and material impacts: "Molson Coors has made substantial progress in restoring its systems following the recent cybersecurity incident. We also have notified and are working with all of our relevant insurance companies.". Canada and the U.S.

Data breaches 88

Data breaches Insurance Cybersecurity Government 88

Cytelligence

OCTOBER 9, 2023

The healthcare industry has witnessed a rapid digital transformation, with hospitals, clinics, and medical practices relying heavily on technology to store and manage patient data, streamline operations, and improve patient care. Patient records, insurance information, and intellectual property are just a few examples.

Healthcare 64

Healthcare Cybersecurity Cyber Attacks Cyber threats 64

CyberSecurity Insiders

JANUARY 6, 2023

By Doron Pinhas, Chief Technology Officer, Continuity. 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., But not insurance companies.

Backups 136

Backups Ransomware Insurance Cyber Insurance 136

SecureWorld News

APRIL 5, 2021

The beverage company recently gave investors an update on data breach recovery and material impacts: "Molson Coors has made substantial progress in restoring its systems following the recent cybersecurity incident. We also have notified and are working with all of our relevant insurance companies.". Canada and the U.S.

Data breaches 52

Data breaches Cybersecurity Insurance Government 52

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. Securities and Exchange Commission (SEC).

Ransomware 75

Ransomware Insurance Financial Services Technology 75

IT Security Guru

MARCH 27, 2024

The Digital Operational Resilience Act (Regulation (EU) 2022/2554) was born from a realisation that businesses, particularly those in financial services, rely increasingly on Information and Communications Technology (ICT) and digital means to operate. Organisations must monitor technology providers’ risk throughout the relationship.

Financial Services 76

Financial Services Risk Penetration Testing Technology 76

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 43

Cybersecurity Cyber Insurance Cyber threats Identity Theft 43

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 131

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 107

Cyber threats Insurance Cyber Insurance Ransomware 107

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. The Role Of Cybersecurity Insurance In A Predictive Security. What Is Not Covered Under Cyber Insurance? Getting in Right. Zero-Day is here to stay.

Cyber Insurance 105

Cyber Insurance Insurance Marketing Firewall 105

Security Affairs

DECEMBER 16, 2023

Earlier in December, Fred Hutch disclosed a cyber attack that took place on November 19, 2023. Our forensic team is continuing to conduct an assessment of the data accessed and we will provide further updates as we have them.” The organization operates a network of clinical sites in the US. ” Robert M.

Ransomware 108

Ransomware Hacking Insurance Healthcare 108

The Security Ledger

APRIL 27, 2021

In this episode of the podcast (#212), Brandon Hoffman, the CISO of Intel 471 joins us to discuss that company’s latest report that looks at China’s diversified marketplace for stolen data and stolen identities. Data leaks, data breaches and data dumps are so common these days that they don’t even attract that much attention.

CISO 52

CISO Data breaches Cyber Attacks Big data 52

CyberSecurity Insiders

JULY 19, 2022

According to a notice from PFC, attackers stole confidential patient information including patient names, addresses, and outstanding account balances. PFC said in some cases, SSNs and information about health insurance and medical treatment were also stolen. ” Aaron Sandeen, CEO and co-founder, Cyber Security Works .

Healthcare 105

Healthcare Encryption Ransomware Penetration Testing 105

Centraleyes

APRIL 8, 2024

High-profile data breaches have made data protection and privacy a hot subject. Hackers use more sophisticated methods to break network defenses and steal sensitive data on a large scale. Malicious actors target personal data because of its value. The consequences of data breaches go beyond financial impact.

Data privacy 52

Data privacy Unstructured Data Data breaches Government 52

CyberSecurity Insiders

SEPTEMBER 29, 2021

Because of this, companies in all industries were faced with an array of new technologies like cloud and containers that support the shift to edge computing and remote workers. While many smaller companies might think that data breaches only affect larger enterprises, this is not the case.

Cybersecurity 113

Cybersecurity Digital transformation IoT Small Business 113

Krebs on Security

OCTOBER 28, 2020

Five months later, Gunnebo disclosed it had suffered a cyber attack targeting its IT systems that forced the shutdown of internal servers. Indeed, companies that persist in viewing cyber and physical security as somehow separate seem to be among the favorite targets of ransomware actors.

Hacking 344

Hacking Ransomware Banking Accountability 344

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

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. There is an argument that cybersecurity insurance is useful because it makes people think of business risk, not just IT. Risk vs reward.

Cybersecurity 59

Cybersecurity Insurance Scams Cyber Risk 59

SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. These losses are not just monetary; the time and resources diverted to deal with the aftermath of an attack can significantly hamper operational efficiency.

Cybersecurity 92

Cybersecurity Backups Cyber threats Software 92

Malwarebytes

JULY 10, 2022

So, your business has just suffered a data breach and it’s time to dig deep in your pockets to pay all the resulting expenses. Without cyber insurance , you can expect to pay a dizzying amount of cash. Here are four ways your business can save money on its insurance. How is cyber insurance priced?

Cyber Insurance 83

Cyber Insurance Insurance Data breaches Phishing 83

Pen Test

OCTOBER 12, 2023

This specialized form of testing has emerged as a crucial tool for evaluating the security of wireless networks and assessing their resilience against potential cyber-attacks (Davis & Brown, 2020). It underscores the vital role it plays in fortifying the burgeoning landscape of wireless technologies.

Penetration Testing 52

Penetration Testing Wireless IoT Technology 52

SecureList

NOVEMBER 9, 2022

Malware attacks like ransomware will happen to businesses more frequently. And IT teams should be prepared to deal with evolving threats posed by emerging technologies which are becoming widespread, such as geo-targeted phishing or attacks related to Cloud Security, IOT and AI. Vulnerabilities in Autonomous Vehicles.

Cybersecurity 121

Cybersecurity Cyber Insurance Cybercrime IoT 121

Security Boulevard

MARCH 31, 2021

invest in better endpoint detection and response (EDR) technology, apparently recommending Cylance or VMware Carbon Black. Prime Minister Boris Johnson announced he was creating a "cyber corridor" in the North of England , to bolster Britain's cyber warfare capabilities against hostile countries and terrorist groups.

Energy and Utilities 122

Energy and Utilities Ransomware Banking Hacking 122

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

The problem is that businesses are not yet aware of double or triple extortion ransomware and how these tactics can affect their data protection strategies. Any organization that directly holds vast amounts of data or holds client, supplier, or partner information is vulnerable to double extortion attacks.

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

Spinone

MAY 22, 2020

There is arguably not a greater danger to your business than the possibility of a cyber attack that leaves your business-critical data either compromised or destroyed. Let’s take for example getting attacked due to a cybersecurity breach. Why is this? This equals roughly 0.2%

Cybersecurity 52

Cybersecurity Data breaches Ransomware Financial Services 52

Joseph Steinberg

JANUARY 18, 2024

Cybersecurity measures, including robust encryption, secure authentication protocols, and regular security audits, can, of course, be utilized as part of a formidable defense against unauthorized access – but no security technologies should be deployed ad-hoc; security must be well planned and implemented carefully.

Cybersecurity 169

Cybersecurity Education Cyber Attacks Risk 169

Joseph Steinberg

JANUARY 18, 2024

Cybersecurity measures, including robust encryption, secure authentication protocols, and regular security audits, can, of course, be utilized as part of a formidable defense against unauthorized access – but no security technologies should be deployed ad-hoc; security must be well planned and implemented carefully.

Cybersecurity 161

Cybersecurity Education Cyber Attacks Risk 161

Security Affairs

FEBRUARY 8, 2024

26 key cyber security stats for 2024 that every user should know, from rising cyber crime rates to the impact of AI technolog y. Cyber Crime Surge: During COVID-19 , cyber crimes shot up by 600%, showing how threats adapt to global changes. Shockingly, 96% of these attacks come through email.

Social Engineering 120

Social Engineering Cyber Insurance Cyber Attacks IoT 120

Malwarebytes

SEPTEMBER 14, 2022

This article focuses on helping to prevent cyberattacks purely through technology; though of course, businesses need a combination of technology, people, and strategy to truly become cyber resilient. That being said, security experts advise against relying solely on a single technology or technique to protect business endpoints.

Technology 63

Technology DNS Cyber Insurance Insurance 63

Security Affairs

NOVEMBER 14, 2022

To indicate the size of the cyber risk to companies, there is, on average, a cyber-attack every 39 seconds, which does not mean that every attack is successful, but that there is an attempt to access companies’ computer systems with that frequency. in the case of ransomware attacks.

Cyber Risk 116

Cyber Risk Insurance Cyber Attacks Risk 116

Thales Cloud Protection & Licensing

APRIL 3, 2024

This has led to a huge change in the way customers interact with financial organisations, with the majority of Americans now buying insurance online, and over 65% of Europeans now regularly using online banking. The consequences of such breaches are far-reaching, not only in financial terms but also in eroding customer trust.

Digital transformation 62

Digital transformation Data breaches Encryption Insurance 62

eSecurity Planet

MARCH 17, 2023

XDR is often considered an evolution of EDR, moving beyond endpoint data analysis and threat response to look at telemetry data across clouds, applications, servers, third-party resources, and other network components. With DFS, relevant data can quickly be sorted through and brought to light for investigative purposes.

Network Security 115

Network Security Penetration Testing Firewall Antivirus 115