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. Let's break it down to the pros and cons.

Cyber Insurance 100

Cyber Insurance Insurance Risk CISO 100

SC Magazine

JULY 13, 2021

million patients have been impacted by a health care data breach so far in 2021, a whopping 185% increase from the same time period last year where just 7.9 Further, the number of breaches reported to the Department of Health and Human Services during the first six months of 2021 increased by 27% year-over-year. More than 22.8

Data breaches 113

Data breaches Insurance Healthcare Education 113

Webroot

SEPTEMBER 7, 2023

Cybercrime is on the rise. billion to data breaches and cybercrime. billion to data breaches and cybercrime. The best way to weather these challenges is to become a cyber resilient business. And those attacks are costing companies a lot of money. In 2022, American businesses lost $10.3

Encryption 88

Encryption Cyber Insurance Cybercrime Phishing 88

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 121

Cybersecurity Cyber Insurance Cybercrime IoT 121

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

Security Boulevard

JANUARY 18, 2024

The primary target and focus for nation-states will continue to be their adversaries Critical Infrastructure sectors, such as healthcare, government, communications, transportation, defense industrial base, media, utilities, finance, and cargo logistics. Recovery from supply chain attacks will cost 3x-5x more as compared to data breaches.

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