SecureWorld News

MAY 26, 2021

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year. cyber insurance market.

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Cyber Insurance Insurance Cyber Risk Marketing 59

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

SC Magazine

MAY 19, 2021

Today’s special columnist, Scott Register of Keysight Technologies, says government and industry must come together to secure the nation’s critical infrastructure in the wake of the Colonial Pipeline hack. That in itself has evolved, as insurers and insured learn just how expensive that fallout can be.

Cyber Insurance 102

Cyber Insurance Insurance Marketing Ransomware 102

SC Magazine

APRIL 19, 2021

AIG is one of the top cyber insurance companies in the U.S. Today’s columnist, Erin Kennealy of Guidewire Software, offers ways for security pros, the insurance industry and government regulators to come together so insurance companies can continue to offer insurance for ransomware.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

SecureWorld News

OCTOBER 20, 2021

However, we were most interested in seeing how Accenture articulated a particular business risk: the risk from a cyberattack. Especially because Accenture was hit with ransomware this year. On page 34 of the report, Accenture dives into the risk that cyber poses to the business.

Cyber Risk 85

Cyber Risk Risk Insurance Cyber Insurance 85

SecureWorld News

MARCH 28, 2024

Department of Homeland Security (DHS) is set to implement long-awaited rules that will require critical infrastructure entities across multiple sectors to report cyber incidents and ransomware payments to the federal government.

Cyber Insurance 98

Cyber Insurance Government Insurance Cyber Risk 98

Webroot

JULY 25, 2022

Cyber insurance becomes mainstream discussion. As cyberattacks have become more costly and more challenging to track, cyber insurance has gained prominence across the industry. The cyber insurance market is expected to reach around $20B by 2025.

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Cyber Insurance Insurance Marketing Phishing 124

SecureWorld News

MAY 5, 2023

The City of Dallas, Texas, was forced to shut down police communications and IT systems on Monday morning, May 1, due to a suspected ransomware attack. Subsequently, the City has confirmed that a number of servers have been compromised with ransomware, impacting several functional areas, including the Dallas Police Department Website."

Ransomware 87

Ransomware Cyber Risk Cyber Insurance Social Engineering 87

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. These attacks have driven the cost of cyber insurance premiums higher. Cyber insurance has become more critical to organizations to help offset the risk to the company.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance CISO 98

SC Magazine

FEBRUARY 8, 2021

But when it comes to cybersecurity coverage, the relationship between enterprises and insurers has been rocky and uncertain. And in a few high-profile cases, insurance companies have bailed. The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. A maturing model.

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Insurance Cyber Insurance Cybersecurity Government 126

SC Magazine

MAY 28, 2021

The shutdown of operations of Colonial Pipeline captured the attention of the security community, government and consumers that suddenly couldn’t fill their gas tanks. Some saw this as a typical ransomware attack, albeit on a vulnerable target. That then begs the question of government’s role. Colonial Pipeline).

Insurance 117

Insurance Government Ransomware Risk 117

BH Consulting

JUNE 22, 2021

Organisations are coming under increasing pressure to take out cybersecurity insurance cover. Also known as cyber risk insurance, it’s now a prerequisite in some public sector tenders. Are there policies and procedures in place to ensure good governance of information security? Questions to ask your insurer.

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Insurance Cybersecurity Cyber Insurance Cyber Risk 83

SecureWorld News

DECEMBER 7, 2022

As the world becomes increasingly reliant on technology, cybersecurity remains a top priority for individuals, businesses, and governments alike. 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.

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Cybersecurity Cyber Insurance Insurance Social Engineering 95

SC Magazine

JULY 13, 2021

The attacks on our nation’s critical infrastructures, which includes our hospital systems, has resulted in government agencies showing a renewed focus on cybersecurity.”. Lastly, the report warns entities not to rely on cyber insurance as the rates have skyrocketed in response to the rise in ransomware attacks.

Data breaches 113

Data breaches Insurance Healthcare Education 113

Joseph Steinberg

JULY 8, 2021

And even relatively rich organizations may fail altogether if they suffer the reputational harm that follows multiple serious cyber-incidents. Not only are they not protected against their own losses, but many have zero liability protection in the event that they somehow become a hacker’s catalyst for inflicting cyber-damage on others.

Insurance 363

Insurance Cyber Insurance Cybersecurity Small Business 363

Pen Test

OCTOBER 10, 2023

The Surge of Double Extortion Ransomware Attack s Ransomware attacks have become an increasingly severe threat to organizations around the world. The Evolution of Ransomware into Double Extortion Tactics The Basics of Ransomware Ransomware itself has been around for years.

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Ransomware Backups Insurance Cyber Insurance 52

The Security Ledger

OCTOBER 23, 2018

In this episode of the podcast (#117), we go deep on one of the hottest sectors around: cyber insurance. In the first segment, we talk with Thomas Harvey of the firm RMS about the problem of “silent cyber” risk to insurers and how better modeling of cyber incidents is helping to address that threat.

Insurance 40

Insurance Cyber Risk Risk Cyber Insurance 40

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.

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Insurance Cyber Insurance Artificial Intelligence Cybersecurity 258

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

eSecurity Planet

MARCH 17, 2023

Governance, Risk, and Compliance Product Guide Top 10 GRC Tools & Software Security Information and Event Management (SIEM) Security information and event management (SIEM) technology is used to compile event data logs from a network’s various devices, applications, software, and endpoints.

Network Security 115

Network Security Penetration Testing Firewall Antivirus 115

Jane Frankland

DECEMBER 7, 2023

Ransomware attacks will become even more sophisticated and intense in 2024, with more originating via unmanaged or bring-your-own devices, and human operated ransomware attacks. Many attackers will shift their approach from double to triple extortion activities after ransomware attacks.

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Cybersecurity Cyber threats Insurance Artificial Intelligence 130

Adam Levin

MARCH 2, 2020

You couldn’t go a week last year without seeing a ransomware headline in the news. Ransomware attacks on businesses skyrocketed 365 percent in 2019, and all signs point to more of the same in 2020. As bad as the ransomware scourge was for businesses, local governments arguably had it worse. What Is Ransomware?

Cyber threats 215

Cyber threats Ransomware Encryption Insurance 215

eSecurity Planet

JANUARY 11, 2022

Open Raven analyzes data at rest, classifies inventory, and automates data governance as these become critical capabilities for the hybrid infrastructure’s security posture. Read more: Application Security is Key to Stopping Ransomware, Vendor Says. Cowbell Cyber. Perimeter 81. Best Cloud Security Startups. JupiterOne.

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Cybersecurity Threat Detection Artificial Intelligence Risk 142

eSecurity Planet

APRIL 26, 2022

billion in 2021, and growing concerns over data security , software supply chains , and ransomware suggest the market will remain strong through economic ups and downs. Also read : Top Cyber Insurance Companies. Also read : Cybersecurity Outlook 2022: Third-Party, Ransomware, and AI Attacks Will Get Worse. Business Model.

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Cybersecurity Technology Marketing Healthcare 122