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.

Cyber Insurance

SecureWorld News

AUGUST 1, 2023

-based Royal United Services Institute (RUSI) for Defence and Security Studies conducted an extensive 12-month research project , which aimed to examine the role of cyber insurance in addressing the threats posed by ransomware. RUSI's research challenges the notion that cyber insurance is a direct catalyst for ransomware.

Cyber Insurance

SecureWorld News

JULY 2, 2024

Global cyber insurance premiums are declining despite an uptick in ransomware attacks, according to a recent report by insurance broker Howden. This trend reflects improved business security practices, evolving insurance industry dynamics, and changing attitudes toward cyber risk management.

Cyber Insurance

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. But there’s a catch: Insurers are going to carefully assess your cybersecurity controls before writing any policy, and there are limits to coverage.

Cyber Insurance

SecureWorld News

MARCH 20, 2024

In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network. Here, cyber insurance serves as an invaluable safety net by offering essential financial coverage and support services in the event of a ransomware attack occurring.

Cyber Insurance

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

The Last Watchdog

OCTOBER 5, 2023

Editor’s note: I recently had the chance to participate in a discussion about the overall state of privacy and cybersecurity with Erin Kapczynski, OneRep’s senior vice president of B2B marketing. Erin: How has the cyber threat landscape evolved since you first got into cybersecurity?

Cyber threats

Security Affairs

NOVEMBER 6, 2018

Group-IB, an international company that specializes in preventing cyber attacks, and a Swiss insurance broker ASPIS SA that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges cybersecurity, allowing the exchanges’ clients to ensure their assets.

Insurance

The Last Watchdog

MARCH 1, 2019

Sutton: SOAR was born out of the gap between what SIEMs were supposed to be and the rising sophistication of cyber threats. But the mainstream market needs more help identifying the risks and establishing processes for their analysts to follow, whether they’ve been there five weeks or five years.

Threat Detection

Security Affairs

FEBRUARY 8, 2024

Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Cyber Skills Gap: By 2025, there could be 3.5 million unfilled cyber security jobs, showing a big need for skilled professionals. Market Growth: AI cyber security technology is projected to grow by 23.6%

Social Engineering

Thales Cloud Protection & Licensing

JULY 21, 2022

The Ongoing Cyber Threat to Critical Infrastructure. With that in mind, Thales has launched the 2022 Thales Data Threat Report Critical Infrastructure Edition, which includes responses from 300 security leaders and practitioners within critical infrastructure organizations. Thu, 07/21/2022 - 12:28. Data Security.

Cyber threats

SecureWorld News

DECEMBER 7, 2022

These algorithms will be able to learn and adapt to changing patterns in cyber threats, allowing them to detect and respond to attacks in real time. This has led to a competitive job market and has made it difficult for businesses to find, hire, and retain the talent they need to protect themselves from cyberattacks.

Cybersecurity

CyberSecurity Insiders

DECEMBER 11, 2021

NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced it is partnering with leading cyber insurance companies to help businesses manage their risks online. As a result, some insurance companies have had to raise premiums to cover their costs.

Cyber Insurance

Webroot

JUNE 2, 2022

The cyber threat landscape keeps evolving at lightning-speed. According to the latest 2022 BrightCloud® Threat Report , small to medium-sized businesses (SMBs) are particularly vulnerable to becoming a victim of a ransomware attack. We know there are many MDR solution providers on the market.

Threat Detection

Security Boulevard

OCTOBER 11, 2024

Insight #1: CISOs, you need insurance coverage According to German multinational insurance company Munich Re, the global cyber insurance market is expected to rise from $14 billion to $29 billion by 2027.

CISO

CyberSecurity Insiders

JANUARY 10, 2023

The market is struggling to hire good cybersecurity teams, and there will be a lot of budget cuts in 2023. The post XM Cyber’s Cybersecurity Predictions for 2023 appeared first on Cybersecurity Insiders. Rinat Villeval – Manager of Technical Enablement.

Cybersecurity

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.

Cybersecurity

SC Magazine

FEBRUARY 25, 2021

The government has options, but none of them are easy or fast,” said Michael Daniel, former White House cybersecurity coordinator and current president and CEO of the Cyber Threat Alliance. If the virtual currency market wants to be legitimate then they should be; but being legitimate is to know your customers,” said Kellerman.

Ransomware

Centraleyes

JUNE 11, 2024

Emphasize defense-in-depth principles by combining traditional intrusion detection mechanisms with advanced threat detection technologies to effectively identify and mitigate sophisticated cyber threats.

Risk

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.

Risk

Centraleyes

JUNE 6, 2024

According to Deloitte’s “Future of Cyber Survey ,” just half of the C-level executives polled employ any quantitative risk assessment tool. The other half continues to rely heavily on the experience of its cyber experts, maturity assessments, and other qualitative indicators to understand cyber threats.

Cyber Risk

CyberSecurity Insiders

JANUARY 5, 2022

“The threat environment has increased through the pandemic, with more cyber-attacks and criminal behavior being directed towards the healthcare industry just as the environment has become more vulnerable. The cost of these cyber events is rising sharply with cyber insurance premiums and compliance requirements increasing.

Healthcare

Centraleyes

APRIL 9, 2024

The proactive measures enforced by these laws, including investments in robust cybersecurity, comprehensive employee training, and compliance adherence, create a formidable defense against cyber threats. The apparent post-breach costs in these countries should be viewed in the context of a broader cost-efficiency strategy.

Data breaches

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.

Cyber Insurance

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.

Cyber Attacks

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.

Cybersecurity

eSecurity Planet

JUNE 1, 2021

Cybersecurity experts at both Microsoft and SecureWorks said that the hacker group – called Nobelium by Microsoft but which also is known as APT29 – accessed the Constant Contact email marketing account used by the U.S. ” Further reading: Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs.

Phishing

Krebs on Security

MARCH 2, 2023

military in disrupting cybercriminal infrastructure, and it names China as the single biggest cyber threat to U.S. “Market forces are leading to a race to the bottom in certain industries, while contract law allows software vendors of all kinds to shield themselves from liability,” Fox said.

Cybersecurity