BH Consulting

JUNE 13, 2023

Target the human, swipe the cash: Verizon DBIR 2023 highlights crime trends Manage the human risk and mind your money: those are two key takeaways from Verizon’s 2023 Data Breach Investigations Report. The report contains analysis from 16,312 security incidents, of which 5,199 were confirmed breaches.

Social Engineering 52

Social Engineering Data breaches Scams DDOS 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.

Backups 136

Backups Ransomware Insurance Cyber Insurance 136

Security Affairs

MAY 1, 2020

“The Cyble Research Team has verified this press release in which the ransomware operators state that they executed this data breach to alert people about the poor security measures being installed by these big financial institutions. Banco BCR has yet to disclose the security breach.

Ransomware 133

Ransomware Banking Cyber Insurance Advertising 133

SecureWorld News

AUGUST 23, 2023

Mika Aalto, Co-Founder and CEO at Hoxhunt : "Today, most security leaders admit that data breaches are a question of 'when,' not 'if,' because most have responded to an incident within the past few years.

Cybersecurity 75

Cybersecurity Cyber Risk Risk Cyber Insurance 75

SecureWorld News

NOVEMBER 12, 2020

First, however, let's look at the top 15 cyber threats organizations face right now, according to the report: Malware. Data Breach. Cyber Espionage. So that is the top 15 list of cyber threats according to the European Union. Specific examples of how the cyber threat landscape is shifting. Web-based Attacks.

Cyber threats 107

Cyber threats Insurance Cyber Insurance Ransomware 107

Adam Levin

MARCH 16, 2020

The loss of time, worker focus and business opportunities can be catastrophic is the aftermath of an attack, and is yet another reason no company should be without a robust cyber insurance policy in place. Most importantly, the FBI encourages victims of cybercrime to continue to file reports to law enforcement.

Scams 130

Scams Identity Theft Phishing Accountability 130

Malwarebytes

JANUARY 15, 2023

The real world impact of cybercrime rears its head once more, with word that 14 schools in the UK have been caught out by ransomware. There’s no word if any of the schools affected paid the ransom and had their data leaked anyway, or if the ransomware gang stuck to its word and “only” leaked in cases of non-payment.

Ransomware 73

Ransomware Backups Education VPN 73

SecureWorld News

NOVEMBER 22, 2021

According to the Federal Bureau of Investigation (FBI), losses due to BEC scams since 2013 total around $28 billion dollars and it is the most profitable cybercrime there is. If you have cyber insurance, will it cover some or all BEC incidents? That's where the value of a BEC Incident Response Plan (BEC-IRP) really shines.

Scams 82

Scams Cybercrime Accountability Banking 82

Herjavec Group

FEBRUARY 18, 2021

Enter a world where Cybercrime is now bigger than Drug Crime, globally costing Trillions in damages with new threat actors, new forms of malware, cybercriminals, hackers, cyberespionage by nation states and too many exploitable vulnerabilities to count. He and his tiny team of 3 people, began the world’s first MSSP.

Digital transformation 81

Digital transformation Computers and Electronics Cyber Insurance Insurance 81

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 190

Banking Insurance Computers and Electronics Cyber Insurance 190

Security Boulevard

JANUARY 18, 2024

Recovery from supply chain attacks will cost 3x-5x more as compared to data breaches. The cyber insurance industry also acts on its elevated expectations and will demand more security oversight, controls, and capabilities as part of its policies, with severe increases in premiums or abandonment for non-compliance.

Risk 115

Risk Cybersecurity CISO Technology 115

Spinone

OCTOBER 13, 2020

In IBM’s Cost of a Data Breach Report 2019 cited the following: Lost business is the biggest contributor to data breach costs The average cost of lost business in 2019 was $1.42 It has been noted that paying a ransom demand only encourages this type of cybercrime and funds it. Should You Pay the Ransom?

Ransomware 52

Ransomware Backups Data breaches Encryption 52

Adam Levin

MARCH 2, 2020

And it wasn’t because the media paid more attention to this relative newcomer in the area of cybercrime. 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. Don’t be the next Heritage Company.

Cyber threats 215

Cyber threats Ransomware Encryption Insurance 215

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 (..)

Cyber Insurance 102

Cyber Insurance Cryptocurrency Internet Internet 102