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Insurance and Ransomware

Schneier on Security

Here’s one more contribution to that issue: a research paper that the insurance industry is hurting more than it’s helping. Although it is a societal problem, cyber insurers have received considerable criticism for facilitating ransom payments to cybercriminals. Often, that’s paying the ransom. News article.

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Cyber Insurance: The Good, the Bad, and the Ugly

IT Security Guru

As cybercrime infects every facet of our daily lives, and technological advancements do little to stop the spread, many security professionals are turning to traditional solutions for a very modern problem. Enter cyber insurance. We insure almost everything – our homes, our cars, even our lives. The story so far.

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The Cyber Insurance Landscape Has Grown More Complicated

SecureWorld News

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. Can companies live without cyber insurance?

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Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks.

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News Alert: Guardz uncovers new macOS malware – Hidden Virtual Network Computing (hVNC)

The Last Watchdog

This discovery, as well as the growing talk of macOS tools within underground cybercrime forums, suggests an imminent surge in cyberattacks against macOS users. Recently, Guardz identified an information stealing malware called ‘ ShadowVault , ’ which also exclusively targets macOS devices.

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Healthcare Cybersecurity Market Soars: Key Trends and Insights

SecureWorld News

Rise in ransomware and cybercrime: Healthcare has become a prime target for cybercriminals. Regulatory and compliance pressures: Regulators have taken note of healthcare's cyber risks, and new rules are forcing the issue. Several key drivers are propelling the expansion of the healthcare cybersecurity market.

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New DHS Rules Aim to Enhance Visibility Across Critical Infrastructure

SecureWorld News

It will allow corporations to simplify and deploy more effective cybersecurity programs," Seara stated, recommending companies "start with cyber risk quantification to prioritize risk mitigation projects." billion implementation cost from 2023-2033 "modest compared to the scale of cybercrime."