SecureWorld News

JANUARY 11, 2024

Cybersecurity threats are a growing menace, wreaking havoc on businesses and individuals alike. In this digital battlefield, cyber insurance has emerged as a crucial shield, offering financial protection against data breaches, ransomware attacks, and other cyber incidents.

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Cyber Insurance Insurance Cyber Risk Data breaches 122

eSecurity Planet

APRIL 22, 2022

Cyberattacks are not only a technological problem for companies, but they also represent a very real financial threat. That’s where cyber insurance may be able to help. According to the Ponemon Institute and IBM, the global average cost of a data breach is $4.24 Cyber Insurance is Booming.

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Cyber Insurance Insurance Marketing Small Business 116

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. Understanding how things are shifting in the forest, or overall threat landscape, can help us categorize, strategize, and prioritize our resources. What are the top cyber threats right now?

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Cyber threats Insurance Cyber Insurance Ransomware 137

CSO Magazine

JANUARY 24, 2023

CSI), followed by data breaches (23%), ransomware (20%) and a breach at a third party (15%). It was cited by 29% of respondents in a survey by Computer Systems Inc.

Cyber threats 111

Cyber threats Identity Theft Cyber Insurance DDOS 111

SC Magazine

MAY 24, 2021

Overall, insurance companies seem to be responding to increased demand from clients for cyber-specific insurance, and one survey found that the two things most likely to spur a purchase of cyber insurance are when a business experiences a cyber attack and when they hear about other companies being hit by a cyber attack.

Cyber Insurance 94

Cyber Insurance Insurance Marketing Cyber Risk 94

Cytelligence

OCTOBER 18, 2023

Cyber threats have become a significant concern for businesses of all sizes. The cost of cyber attacks, including financial losses, reputational damage, and legal consequences, can be staggering. To mitigate these risks, businesses often invest in cyber insurance. This is where CYPFER comes in.

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Trend Micro

JANUARY 8, 2024

As the threat landscape evolves and the cost of data breaches increase, so will cyber insurance requirements from carriers. Cyber Risk Specialist Vince Kearns shares his 4 predictions for 2024.

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Security Affairs

FEBRUARY 8, 2024

Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches. Data Breach Costs: The average global cost of a data breach in 2023 was $4.45 Data Breach Costs: The average global cost of a data breach in 2023 was $4.45 million per breach.

Social Engineering 142

Social Engineering Cyber Insurance Cyber Attacks IoT 142

Centraleyes

APRIL 9, 2024

According to IBM’s recently released “Cost of a Data Breach” statistics report, the average financial toll of a data breach has surged to an unprecedented $4.45 Regional Disparities in Data Breach Costs The United States emerges with a significantly higher average cost of $9.4

Data breaches 52

Data breaches Cyber Insurance Insurance Ransomware 52

CyberSecurity Insiders

JANUARY 6, 2023

2022 clearly demonstrated that attacks on data represent the greatest cyber-threat organizations face. Notable data breaches took place at Microsoft, News Corp., Insurance Refusals and Rate Hikes. Many organizations remain unaware of the threat posed to their data by insecure storage and backup systems.

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Backups Ransomware Insurance Cyber Insurance 136

Cisco Security

JULY 11, 2022

From extortion to data breaches, ransomware is always evolving, and is becoming very lucrative with Ransomware-as-a-service kit making it easier to target organizations. Securing vectors threat actors have to your network has to be the goal . No, Ransomware attacks are not random.

Ransomware 143

Ransomware Education Cyber Insurance Insurance 143

Malwarebytes

DECEMBER 15, 2022

There’s several other aspects of cost avoidance with MDR, including: Reduced risk of data breach : With a team of seasoned professionals monitoring your network 24x7, you’re less likely to get hit with a data breach. In 2022 the average cost of a data breach was $4.35

Cyber Insurance 81

Cyber Insurance Data breaches Insurance Cyber threats 81

Centraleyes

MARCH 28, 2024

Coalition, a leader in cyber insurance, has added a positive endorsement for artificial intelligence (AI) to its cyber insurance plans for the US and Canada. The endorsement expands the definition of a security failure or data breach to include events caused by artificial intelligence.

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Cyber Insurance Artificial Intelligence Insurance Technology 52

SecureWorld News

AUGUST 23, 2023

Results of the study, conducted in partnership with research consultancy Censuswide, reveal that businesses are struggling to understand their cyber risks, with 66% of respondents indicating they have limited visibility and insight into their cyber risk profiles, hindering their ability to prioritize investments and allocate resources effectively.

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Cybersecurity Cyber Risk Risk Cyber Insurance 98

SecureWorld News

MARCH 28, 2024

Data Security Concerns: AI systems rely heavily on data. Breaches or manipulation of this data can compromise the integrity of AI models and lead to unintended consequences. Banks, and any financial company, are especially vulnerable to threats using AI because of the human nature of many financial transactions.

Risk 107

Risk Cybersecurity Artificial Intelligence Financial Services 107

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. Cybersecurity is critical to any company.

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Cybersecurity Cyber Insurance Identity Theft Cyber threats 51

Hacker's King

OCTOBER 10, 2024

In today’s digital era, where cyber threats are constantly evolving, cybersecurity companies play a crucial role in protecting individuals, businesses, and governments from malicious attacks. With cyber threats increasing, there’s a constant demand for cutting-edge security software.

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Cybersecurity Cyber Insurance Insurance Penetration Testing 52

SecureWorld News

JANUARY 21, 2024

Nonprofits often juggle tight budgets and unique operational demands, making it even more difficult to keep sensitive information safe—but here's the thing: you don't need a fortune to build a strong defense against the possible cyber threats out there.

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Malwarebytes

SEPTEMBER 30, 2022

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. 24/7 monitoring of cyber threats. Related : Cyber threat hunting for SMBs: How MDR can help. Incident response.

Government 68

Government Cybersecurity Cyber Insurance Insurance 68

Centraleyes

JUNE 11, 2024

NIST tags: Protect/Detect Exercise a System Recovery Plan Develop and regularly review a comprehensive system recovery plan to ensure business continuity during system disruptions or data breaches. Encrypt and securely store backups offsite to protect critical data from unauthorized access or tampering.

Risk 52

Risk Cyber Insurance Insurance Authentication 52

Centraleyes

DECEMBER 19, 2024

They represent a necessary evolution, as inconsistent practices and limited oversight have left gaps that ransomware attacks and data breaches continue to exploit nationwide. New York’s 72-hour reporting window is significantly stricter, reflecting the need for immediate action in containing cyber threats.

Healthcare 52

Healthcare Penetration Testing Cybersecurity CISO 52

Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. Our findings highlight that cyber threats can impact any organization, no matter its size, sector, or location.

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Cyber Attacks Phishing Ransomware Cyber Insurance 52

Centraleyes

MARCH 19, 2024

An effective IRP ensures swift and informed action, from data breaches to malware attacks. In the event of a security breach, an IRP ensures rapid response. A robust IRP provides a structured course of action for significant incidents, including massive breaches with long-term organizational impact.

Risk 52

Risk Backups Technology Cyber Insurance 52

IT Security Guru

FEBRUARY 28, 2023

Cyber insurers are losing money. Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyber risk a potentially uninsurable area due to falling profitability.

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Cyber Insurance Insurance Marketing Cyber Attacks 131

Security Boulevard

JANUARY 18, 2024

Nation-State attack dominance now underpins the capabilities, growth, and impacts of the cybersecurity industry Nation-state investment, innovation, and willingness to conduct complex attacks are the catalyst that underpins the advancement of malicious capabilities and empowers all levels of activity across the spectrum of cyber threat archetypes.

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Risk Cybersecurity CISO Technology 115

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 Cyber Insurance Insurance Ransomware 145

Duo's Security Blog

JUNE 21, 2021

The advancing ransomware business is a threat not just for the big guys, but for organizations of every size. According to Verizon’s most recent Data Breach Incident Report , instances of advanced ransomware have doubled in the past year, alongside major upticks in phishing attacks and social engineering.

Insurance 105

Insurance Cyber Insurance Data breaches Social Engineering 105

Security Affairs

NOVEMBER 5, 2023

Kinsing threat actors probed the Looney Tunables flaws in recent attacks ZDI discloses four zero-day flaws in Microsoft Exchange Okta customer support system breach impacted 134 customers Multiple WhatsApp mods spotted containing the CanesSpy Spyware Russian FSB arrested Russian hackers who supported Ukrainian cyber operations MuddyWater has been spotted (..)

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Cyber Insurance Cryptocurrency Data breaches Internet 129

Jane Frankland

DECEMBER 7, 2023

Cybersecurity can often feel like a game of cat and mouse where cyber attackers and defenders engage in a chase, with one party trying to outsmart the other. Just like in previous years, 2024 is set to test practitioners’ skills as the frequency of cyber threats continues to surge leaving no room for complacency.

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Cybersecurity Cyber threats Insurance IoT 130

CyberSecurity Insiders

MAY 24, 2021

Due to an increase in cyber threats in the insurance sector, Bill Lee the Governor of Tennessee has passed an Insurance Data Security Law that will help buyers protect their personal, medical, and financial information from falling prey to hackers. .

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Insurance Cyber threats Cyber Insurance Data breaches 95

Adam Levin

MARCH 2, 2020

Get Covered: I’ve said it before and I’ll say it again: Cyberattacks and data breaches have become the third certainty in life after death and taxes. If your company already has cyber insurance coverage, consider increasing it. 1 Cyber Threat This Year. Don’t be the next Heritage Company.

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Cyber threats Ransomware Encryption Insurance 215