The Last Watchdog

JULY 13, 2023

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. But worryingly they appear less concerned by cyber risk than a couple of years ago. Beazley plc (BEZ.L) All Lloyd’s syndicates are rated A by A.M.

Cyber Risk 189

Cyber Risk Risk Insurance Energy and Utilities 189

CyberSecurity Insiders

APRIL 15, 2021

In 2020, ransomware was the most widely-used method of delivering cyber attacks, accounting for 23% of security events handled by the IBM Security X-Force. One attack alone scored profits of more than $123 million for the perpetrators, according to an IBM report. Finance and insurance were at the top.

Ransomware 140

Ransomware Manufacturing Phishing Insurance 140

CyberSecurity Insiders

OCTOBER 23, 2021

By tapping into the advanced capabilities of our IT scanning technology, we’re proud to share actionable data to increase awareness around the current state of cyber risk technology and help eliminate the impact of adverse events — especially as we approach the end of a pivotal year,” said Madhu Tadikonda, President of Corvus Insurance. “We

Insurance 59

Insurance Cyber Risk Technology Ransomware 59

CyberSecurity Insiders

OCTOBER 26, 2022

The impact of ransomware attacks on businesses is twofold. Not only do businesses have to grapple with the impact of actual attacks, but they also must continue to prepare for the possibility of additional attacks. The Dangers of Ransomware Attacks. By Rajesh Ram, Chief Strategy Officer at Egnyte.

Ransomware 120

Ransomware Cyber Insurance Insurance Risk 120

SecureWorld News

OCTOBER 18, 2022

But SecureWorld did just that on October 13th when we spoke with Theresa Payton on the topic of "Ransomware: Malware as an Ongoing Email Issue." The Remote Sessions webcast, available to watch on-demand , is the final installment of a three-part series on modern email attacks sponsored by Abnormal Security. Box in Panama.

Ransomware 90

Ransomware Insurance CISO Social Engineering 90

CyberSecurity Insiders

DECEMBER 2, 2021

A Los Angeles based healthcare provider that is into the service of providing motherhood to woman through innovative treatments has reportedly suffered a ransomware attack leading to data leak of over 400,000 patients. With a ransomware attack, the information on the database is encrypted until a ransom is paid.

Ransomware 64

Ransomware Healthcare Insurance Encryption 64

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. Web-based Attacks. Web Application Attacks. Ransomware.

Cyber threats 107

Cyber threats Insurance Cyber Insurance Ransomware 107

eSecurity Planet

FEBRUARY 16, 2021

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. A ransomware attack is about as bad as a cyber attack can get. Jump to: What is ransomware? How ransomware works. Preventing ransomware. Ransomware types.

Ransomware 97

Ransomware Backups Software Encryption 97

eSecurity Planet

SEPTEMBER 14, 2022

As a matter of fact, the most-reported crime in the 2021 Internet Crime Report report was phishing , a social engineering scam wherein the victim receives a deceptive message from someone in an attempt to get the victim to reveal personal information or account credentials or to trick them into downloading malware. costing an estimated $18.88

Social Engineering 118

Social Engineering Energy and Utilities Phishing Scams 118

Cytelligence

JANUARY 27, 2020

Ransomware is becoming an epidemic in the cybersecurity world, with new strains being created continuously by criminals to extort money out of unsuspecting users. What is Ransomware? Ransomware is a devastating attack on an organization’s or individual’s digital assets. Damages from ransomware in 2019 rose to over $11.5

Ransomware 53

Ransomware Cyber Insurance Insurance Encryption 53

Security Boulevard

MAY 12, 2022

Phishing attacks? Consecutive attacks occurring every second of the day? 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.

Cyber Insurance 105

Cyber Insurance Insurance Marketing Firewall 105

Thales Cloud Protection & Licensing

MAY 9, 2022

One Year Later: What Have We Learned Since the Colonial Pipeline Attack. It is hard to believe that it has already been one year since the Colonial Pipeline ransomware attack that forced the U.S. This attack was one of the biggest ransomware ones to date. Cyber insurance coverage ramps up. east coast.

Cyber Insurance 71

Cyber Insurance Insurance Backups Ransomware 71

Duo's Security Blog

MAY 23, 2023

In our previous two features, we covered the dangers of phishing (one method of credential compromise) and how to mitigate its impact on users. The answer, like most other cybersecurity-adjacent answers, lies in a combination of factors including social engineering , weak passwords, and other risky security moves or attacks.

Authentication 131

Authentication Passwords Data breaches Phishing 131

SecureList

NOVEMBER 9, 2022

Supply-chain will become more of a sweet spot for targeted ransomware and state-sponsored espionage campaigns. I think we will continue seeing attacks targeting the infrastructure of different countries and organizations. Businesses will still be mostly concerned with ransomware.

Cybersecurity 121

Cybersecurity Cyber Insurance Cybercrime IoT 121

The Last Watchdog

OCTOBER 5, 2023

Erin: What are some of the biggest cyber threats that businesses face today? Byron: The economic impact of phishing, ransomware, business logic hacking, Business Email Compromise (BEC) and Distributed Denial of Service (DDoS) attacks continues to be devastating. Erin: How has the ransomware threat evolved in recent years?

Cyber threats 203

Cyber threats Cyber Insurance Cybersecurity Threat Detection 203

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. Recent email-based attacks. Understanding email cyber attack strategies.

Phishing 124

Phishing Healthcare Data breaches Cyber Attacks 124

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. 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.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance CISO 98

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. conduct employee phishing tests. conduct employee phishing tests.

Energy and Utilities 122

Energy and Utilities Ransomware Banking Hacking 122

SecureWorld News

DECEMBER 7, 2022

From advancements in artificial intelligence (AI) to the continued evolution of ransomware and cyberattacks, the coming year is sure to bring significant developments in the world of cybersecurity. Cyber insurance trends in 2023. I t will be crucial for everyone to stay informed and prepared.

Cybersecurity 92

Cybersecurity Cyber Insurance Insurance Social Engineering 92

SecureWorld News

AUGUST 11, 2020

One Colorado city's response to a ransomware attack caused us to ask a serious question: how much taxpayer money is being handed over to cybercriminals in the form of ransom? Ransomware attack on Colorado city. The ransomware operators demanded $45,000 in ransom, and the city decided to pay it.

Ransomware 69

Ransomware Cyber Insurance Insurance Scams 69

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. However, John warned against thinking a cyber risk policy by itself is sufficient protection.

Cybersecurity 59

Cybersecurity Insurance Scams Cyber Risk 59

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. Phishing and Spear Phishing. Hold training sessions to help employees manage passwords and identify phishing attempts.

Cybersecurity 98

Cybersecurity DDOS Small Business Phishing 98

SecureWorld News

AUGUST 31, 2023

In 2022, the University of California, Los Angeles (UCLA) was hit by a ransomware attack that affected its IT systems. And in 2021, the University of Texas at Austin was hit by a phishing attack that led to the theft of personal information from students and faculty.

Internet 86

Internet Internet Identity Theft Insurance 86

Malwarebytes

OCTOBER 19, 2022

That means any attack on any computer is a potential jumping off point for an attack on the entire business. Trojans like Emotet and Agent Tesla can infiltrate deep into your organization, silently stealing sensitive information, while ransomware like LockBit can bring your entire business to a sudden, grinding halt.

Passwords 67

Passwords Ransomware Backups Cyber Insurance 67

SecureWorld News

JANUARY 21, 2024

Phishing attacks, for instance, are extremely common: these are deceptive emails or messages designed to steal data. Ransomware is another significant threat, where attackers encrypt an organization's data and demand payment for its release. Because of this, it's crucial to understand the types of threats nonprofits face.

Cybersecurity 92

Cybersecurity Backups Cyber threats Software 92

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

Malwarebytes

JULY 10, 2022

Without cyber insurance , you can expect to pay a dizzying amount of cash. In 2022 alone, the average cost of a data breach for businesses under 1,000 employees was close to $3 million—and these costs are coming from activities that cyber insurers typically cover, such as detecting and responding to the breach.

Cyber Insurance 83

Cyber Insurance Insurance Data breaches Phishing 83

Webroot

JANUARY 20, 2021

In 2018, I was looking for a career change away from insurance. However, about six months into my role at Webroot, I was successfully phished by our IT department who were sending out simulated phishing emails at the time. They’ve also shut down hundreds of suspected phishing sites, which promise vaccines and other aid.

Artificial Intelligence 43

Artificial Intelligence Marketing Identity Theft Cyber threats 43

eSecurity Planet

APRIL 6, 2023

Ransomware is a type of malicious program, or malware, that encrypts files, documents and images on a computer or server so that users cannot access the data. Ransomware is the most feared cybersecurity threat and with good reason: Its ability to cripple organizations by locking their data is a threat like no other.

Ransomware 93

Ransomware Backups Encryption Cybersecurity 93

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. Addresses can easily lead to phone numbers, making people easy targets for phishing scams. Real World Dangers.

Data breaches 85

Data breaches Internet Internet VPN 85

Security Affairs

FEBRUARY 8, 2024

Cyber Crime Surge: During COVID-19 , cyber crimes shot up by 600%, showing how threats adapt to global changes. Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches. Shockingly, 96% of these attacks come through email. Ransomware Attacks: In 2023, a whopping 72.7%

Social Engineering 123

Social Engineering Cyber Insurance Cyber Attacks IoT 123

Duo's Security Blog

JUNE 27, 2023

The number-one reported motive for a cyber breach is financial gain, and ransomware 3.0 In Australia, the threat of ransomware attacks has been growing, with the Australian economy reportedly losing up to $2.59 In the final instalment of this series, we cover the rise of ransomware 3.0 The Rise of Ransomware 3.0

Ransomware 93

Ransomware Healthcare Phishing Authentication 93

Security Affairs

NOVEMBER 14, 2022

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. in the case of ransomware attacks. million, which increases to US$ 4.54

Cyber Risk 118

Cyber Risk Insurance Cyber Attacks Risk 118

Spinone

DECEMBER 26, 2018

Social engineering attacks , including phishing, spam, and viruses introduced via clickable links within e-mail affected 80% of the banking institutions in 2016. VoIP phishing and impersonation also victimized millions of corporate employees across the world , contributing to an even greater cyber threat.

Security Awareness 40

Security Awareness Risk Cyber threats Cyber Risk 40

CyberSecurity Insiders

DECEMBER 18, 2022

In 2023, ‘knowing thy enemy’ in cyber will be more complicated than ever before – but it is critical that organizations remain aware of the realities of cyber risk and cease to focus on the ‘boogie man’ of the internet that features in sensationalist reporting. 4 – Ransomware rushes to the cloud.

Cybersecurity 125

Cybersecurity CISO Insurance Ransomware 125

Security Affairs

MAY 13, 2020

Magellan Health, a for-profit managed health care and insurance firm, was the victim of a ransomware attack. Magellan Health Inc announced it was the victim of a ransomware attack that took place on April 11, 2020, the company also confirmed that hackers have stolen personal information from one of its corporate servers.

Data breaches 133

Data breaches Healthcare Ransomware Identity Theft 133

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. The expert panelists held an honest discussion about insurability difficulties for MSPs.

Cyber Insurance 52

Cyber Insurance Insurance Marketing Risk 52