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. The proliferation of these guides enables more individuals to enter the cybercrime arena.

Cyber Attacks

Centraleyes

JUNE 26, 2025

The law complements 2023 amendments that made breach disclosure mandatory and empowered the Australian Securities and Investments Commission (ASIC) to probe board-level cyber oversight. Those reforms appear to be nudging key metrics in the right direction.

Cyber Insurance

Jane Frankland

JANUARY 12, 2025

In this blog, I’m exploring these changes, grouped under key categories that I’ve used in previous years, to help business leaders and cyber risk owners better prepare for the evolving landscape. Cyber Insurance Cyber insurance will become an essential component of risk management strategies.

Cybersecurity

BH Consulting

FEBRUARY 24, 2025

At the end of January, police forces from eight countries took down two of the worlds largest cybercrime forums. Europol, which supported the forum takedowns, also published three reports : one, into the challenges in cybercrime and investigations involving digital evidence. But still, progress is progress.

Cyber Insurance

Trend Micro

JUNE 10, 2025

6 Alerts Back Unread All Inside the criminal mind: Trend’s deep dive into cybercrime. Under Attack? close Read report > Cloud security that leads: Centralized, multi-layered protection now named a CNAPP Leader by IDC. close Read report > Cloud security that leads: Centralized, multi-layered protection now named a CNAPP Leader by IDC.

Cyber Risk

SecureWorld News

MARCH 5, 2025

The impact will be felt well beyond the involved countries of Canada, USA, Mexico, and China," said Kenrick Bagnall , Founder, KONCYBER & RB-Cyber Assurance; Royal Candian Mounted Police (RCMP) Contractor/Instructor; Toronto Police Service (Cybercrime Unit) (Ret.). " Here is his detailed breakdown: 1.Cross-border

Cyber Risk

Trend Micro

JULY 2, 2025

6 Alerts Back Unread All Inside the criminal mind: Trend’s deep dive into cybercrime. Under Attack? close Read report > Cloud security that leads: Centralized, multi-layered protection now named a CNAPP Leader by IDC. close Read report > Cloud security that leads: Centralized, multi-layered protection now named a CNAPP Leader by IDC.

Cyber Risk

IT Security Guru

JUNE 28, 2022

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.

Cyber Insurance

Schneier on Security

JULY 1, 2021

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.

Insurance

SecureWorld News

APRIL 17, 2023

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?

Cyber Insurance

Krebs on Security

OCTOBER 1, 2020

” As financial losses from cybercrime activity and ransomware attacks in particular have skyrocketed in recent years, the Treasury Department has imposed economic sanctions on several cybercriminals and cybercrime groups, effectively freezing all property and interests of these persons (subject to U.S.

Ransomware

eSecurity Planet

APRIL 22, 2022

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.

Cyber Insurance

Digital Guardian

FEBRUARY 10, 2021

With the world in flux and cybercrime an increasingly pervasive threat, cyber insurance has seen rapid adoption. How can a cyber insurance plan be effective? NYDFS has released a new framework to help.

Cyber Insurance

Malwarebytes

APRIL 27, 2022

You’ve likely only seen cybercrime insurance primarily mentioned in relation to attacks on businesses. Some folks think the mere presence of insurance simply encourages more attacks , and is hurting more than it’s helping. Personal insurance plans are slowly becoming a more visible and talked about topic.

Cyber Insurance

CSO Magazine

MARCH 22, 2022

Cybercrime can be a very lucrative career choice—if you don’t mind participating in illegal activity or the possibility of getting arrested. Unfortunately with the growth in Ransomware as a Service (RaaS) and the breadth of the cybercrime ecosystem , the challenge is not going away anytime soon. There is no question about it.

Cyber Insurance

The Hacker News

APRIL 10, 2023

With the increasing use of technology in our daily lives, cybercrime is on the rise, as evidenced by the fact that cyberattacks caused 92% of all data breaches in the first quarter of 2022. As technology advances, cyberattacks are becoming more sophisticated.

Cyber Insurance

Security Affairs

AUGUST 21, 2020

University of Utah officials explained that the university’s cyber insurance policy covered part of the ransom. “After careful consideration, the university decided to work with its cyber insurance provider to pay a fee to the ransomware attacker,” the university said today.”

Ransomware

Krebs on Security

JULY 24, 2018

In its lawsuit (PDF), National Bank says it had an insurance policy with Everest National Insurance Company for two types of coverage or “riders” to protect it against cybercrime losses. “This is a rapidly growing area and a profit center for a lot of insurance companies,” Castagnoli said.

Banking

SecureList

NOVEMBER 9, 2022

We can therefore expect that cybercrime groups from either block will feel safe to attack companies from the opposing side. will lead more people to poverty, which always translates to increased criminality (cyber or otherwise), and we know ransomware to be extremely profitable. Some may even perceive this as their patriotic duty.

Cybersecurity

Security Boulevard

JANUARY 20, 2023

Insight #2 " New this week was the release of a $45 million cyber catastrophe bond targeted at an extreme loss (up to $300 million) in a cyber breach. It is yet another level in cyber insurance. Cybercrime and nation-state attacks will continue to increase and businesses must protect themselves."

CISO

The Last Watchdog

OCTOBER 5, 2023

Acohido to share his ideas about the current cyber threat landscape, the biggest threats for businesses today, the role of AI and machine learning in cyberattacks and cyberdefence, and the most effective methods for companies to protect themselves. He previously chronicled the emergence of cybercrime while covering Microsoft for USA TODAY.

Cyber threats

The Last Watchdog

AUGUST 1, 2023

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.

Malware

Webroot

SEPTEMBER 7, 2023

Cybercrime is on the rise. billion to data breaches and cybercrime. billion to data breaches and cybercrime. This is all happening while companies are spending trillions digitizing their business operations and trying to obtain secure cyber insurance while keeping up with regulatory changes in GDPR, HIPAA, and Sarbanes-Oxley.

Encryption

Security Affairs

JUNE 18, 2024

Over the last few years, ransomware attacks have become one of the most prevalent and expensive forms of cybercrime. In some cases, attackers are even leveraging the threat of regulatory actions or causing cyber insurance policies to be rendered moot by reporting lapses in security on the part of the victim to regulators and insurers.

Ransomware

Webroot

SEPTEMBER 24, 2024

Nation-states are teaming up with cybercrime gangs Cybercrime is no longer just about lone hackers. Now, nation-states like Russia and China are working with organized cybercrime groups to launch highly targeted attacks on businesses, governments, and even individuals.

Cyber threats

SecureWorld News

MARCH 28, 2024

Having clear definitions gives cyber insurers a way to work with critical infrastructure on underwriting decisions based on these guidelines," Gallagher noted. billion implementation cost from 2023-2033 "modest compared to the scale of cybercrime." Gallagher called the estimated $2.6

Cyber Insurance

Digital Guardian

SEPTEMBER 1, 2023

but concerns over critical infrastructure, data privacy, and cyber insurance largely overshadow it. The operation against QakBot marks a cybersecurity win for the U.S., Catch up on these stories and more in this week’s Friday Five.

Cyber Insurance

SecureWorld News

SEPTEMBER 23, 2021

This ranges from Secret Service agents discussing elements of cyber hygiene with those they protect to tracking down cybercrime fugitives. Cyber defense is about test, test, test.". Familiarize yourself and your organization with cyber insurance. Cyberattacks now fall into its jurisdiction.

Ransomware

CyberSecurity Insiders

JUNE 22, 2023

Instead, the ransom pay can be covered from a cyber insurance policy, provided it is taken prior to the launch of the attack and covers the costs associated with the malware attack. Nope, says a renowned international bank from UK. They can provide guidance on how to proceed and may be able to assist in the investigation.

Ransomware

SecureWorld News

NOVEMBER 12, 2020

This is partly driven by cyber insurance and a growing number of organizations seeing this insurance as a business necessity: "Although cyber insurance policies existed since early 2000, ransomware attacks are one of the main reasons for the increased interest in this type of insurance during the last 5 years.

Cyber threats

Duo's Security Blog

OCTOBER 18, 2022

Tune into our upcoming webinar, “ Don’t Bet on Passwords, Use MFA to Insure Your Protection ,” to hear from Wolfgang Goerlich, an advisory CISO at Cisco Secure Access by Duo, an Matt Brooks, a Duo Product Marketing specialist. trillion USD annually by 2025?

Insurance

Malwarebytes

MARCH 10, 2021

This quickly became a mess of arguments over paying the ransom , and the world of cyber insurance and whether it would actually insure against these types of attacks. This seems a reasonable assumption; lots of consumer and business victims of cybercrime do not want to publicize it.

Ransomware

SecureWorld News

OCTOBER 5, 2020

This was not about the cybercrime itself, but instead, the regulatory trouble your organization could face for facilitating ransomware payments. The Treasury Department says it declares certain ransomware gangs and cybercrime groups as sanctioned for their actions. Ransomware groups may be sanctioned; paying could be trouble.

Government

Security Affairs

MAY 1, 2020

Maze Ransomware ransomware operators recently disclose other attacks against different organizations, including IT services giant Cognizant , and cyber insurer Chubb. Banco BCR has yet to disclose the security breach. Please vote Security Affairs for European Cybersecurity Blogger Awards – VOTE FOR YOUR WINNERS [link].

Ransomware

Cisco Security

JANUARY 10, 2023

As a result of this, next year we could see CISOs tightening up the disclosure decision making process, focusing on quicker and greater clarity on breach impact, and even looking to include personal liability cover in cyber insurance contracts. Increasing demands from insurers.

CISO

Security Affairs

FEBRUARY 21, 2023

For those who have cyber insurance against ransomware attacks. Insurance companies require you to keep your insurance information secret, this is to never pay the maximum amount specified in the contract or to pay nothing at all, disrupting negotiations. Very important! reads the ransom note.

Insurance

CyberSecurity Insiders

JANUARY 6, 2023

Thus, we are seeing the appearance of developments such as ransomware-as-a-service and the evolution of a cybercrime supply chain composed of distinct elements, each performing specialized functions that dovetail together into the eventual heist. Insurance Refusals and Rate Hikes. But not insurance companies.

Backups