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.

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Cyber Insurance Insurance Ransomware Artificial Intelligence 59

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.

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SecureWorld News

MARCH 5, 2025

This article explores how the latest tariffs could reshape cybersecurity for enterprises, cybersecurity vendors, and government agencies. The domains of cybersecurity, cybercrime investigations, and cyber insurance will all be impacted. The latest round of tariffs could provoke similar cyber retaliation.

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Cyber Risk Risk Cyber Insurance Small Business 128

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.

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Insurance Cyber Insurance Ransomware Marketing 321

Krebs on Security

OCTOBER 1, 2020

federal government if the crooks who profit from the attack are already under economic sanctions, the Treasury Department warned today. government, they still can be fined either way, said Ginger Faulk , a partner in the Washington, D.C. Image: Shutterstock. jurisdiction) and making it a crime to transact with them.

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Ransomware Cyber Insurance Insurance Cybercrime 363

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?

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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.

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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. sanctions, which Treasury calls a cyber nexus.

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Government Ransomware Cyber Insurance Cybercrime 92

SecureList

NOVEMBER 9, 2022

The contributors include representatives from government institutions: H.E. Dr.Mohamed Al Kuwaiti (UAE Cyber Security Council) , and public organizations: Kubo Ma?ák We can therefore expect that cybercrime groups from either block will feel safe to attack companies from the opposing side.

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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.

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Cyber threats Cyber Insurance Threat Detection Cybersecurity 203

SecureWorld News

MARCH 28, 2024

Department of Homeland Security (DHS) is set to implement long-awaited rules that will require critical infrastructure entities across multiple sectors to report cyber incidents and ransomware payments to the federal government. Jose Seara, CEO of DeNexus, welcomed the convergence of cybersecurity mandates across government agencies.

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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.

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SecureWorld News

SEPTEMBER 23, 2021

His unique insights around cybersecurity-related topics shine a light on ransomware risk for organizations, government agencies, and the public. 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.".

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Ransomware Cyber Insurance Insurance Government 96

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 116

Cyber threats Small Business Scams Cybercrime 116

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.

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SecureWorld News

NOVEMBER 1, 2021

Governments and organizations are trying to figure out the best way to approach this issue. And now The White House is weighing in with a new report, A Strategic Intent Statement for the Office of the National Cyber Director. government in cyber policy, action, and doctrine. Cybersecurity is a complex topic.

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CyberSecurity Insiders

APRIL 30, 2021

Combating Ransomware – A Comprehensive Framework for Action provides 48 practical recommendations to curb the rampant spread of this increasingly destructive type of cybercrime. Ransomware is an international cybercrime that is multiplying in frequency and severity. For more information, visit securityandtechnology.org.

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SC Magazine

JULY 14, 2021

In addition, having cyber insurance coverage in place does not guarantee an organization can recoup losses associated with a ransomware attack. Some 80% of respondents who paid a ransom say they experienced a subsequent attack.

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Ransomware Cyber Insurance Financial Services Insurance 98

SecureWorld News

SEPTEMBER 14, 2021

This is also true for victims of cybercrimes, too. The school district’s cyber insurance provided free credit monitoring, but many parents were still puzzled by how to report the problem and what steps they should take next to protect their children. Unfortunately, there is no perfect profile for a cybercriminal.

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Cyber Insurance Ransomware Insurance Backups 98

SC Magazine

JULY 13, 2021

Estimates show cybercrime will cause $6 trillion in global damages this year and is predicted to reach $10.5 The attacks on our nation’s critical infrastructures, which includes our hospital systems, has resulted in government agencies showing a renewed focus on cybersecurity.”. trillion, by 2025, a 75% increase.

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Data breaches Insurance Healthcare Education 113

Malwarebytes

FEBRUARY 3, 2023

As the reports covering all of 2022 start trickling in, we can see that cybercrime and other types of fraud had a major impact last year. percent) reporting between 40 and 60 cyber security incidents in the last 12 months. million (roughly $750 million) through authorized and unauthorized fraud and scams in the UK alone.

Scams 96

Scams Banking Cyber Insurance Cybercrime 96

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. The FBI regularly warns businesses, non-profit organizations, and governments about the dangers posed by BEC scams.

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Scams Identity Theft Phishing Accountability 130

SecureWorld News

MAY 5, 2023

Darren Guccione, CEO and Co-Founder at Keeper Security, had this to say about the Dallas attack: "This egregious cyberattack is an example of the pervasive threat that predatory cybercriminals pose to everyone from multinational businesses to local governments.

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Ransomware Cyber Risk Cyber Insurance Social Engineering 98

Webroot

SEPTEMBER 27, 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 59

Cyber threats Small Business Scams Cybercrime 59

SecureWorld News

AUGUST 23, 2023

It's critical to accept innovative approaches to managing human risk because the pillars of cyber risk management, such as cyber insurance, have been wobbled by a threat landscape that is quickly evolving into a real monster with the introduction of advanced technologies and increasingly sophisticated tactics and criminal organization.

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Cybersecurity Cyber Risk Risk Cyber Insurance 98

Cytelligence

JANUARY 27, 2020

The number of ransomware attacks increased in 2019 — but worse, 22 of those cyberattacks shut down a city, county and even state government computer systems. Unfortunately, the citizens of the country had to pay the ransom as the city had no cyber insurance. Ransomware in 2019 . Ryuk cause panic in the U.S.

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eSecurity Planet

FEBRUARY 16, 2021

Only 38% of state and local government employees are trained for ransomware prevention, and only 29% of small businesses have experience with ransomware ( IBM ). In 2019, the municipal government of New Orleans was forced to declare a state of emergency and paid over $7 million. Statistics.

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CyberSecurity Insiders

NOVEMBER 13, 2021

Next year’s cyber budgets cannot be futureproofed against all forms of disruption, but there are trends business leaders should watch closely. A major one is the rising cost of cyber insurance – premiums are going up. What’s more, insurers are looking to reduce the risk they take on when they provide cyber policies.

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Insurance Cyber Insurance Marketing Cybercrime 52

SecureWorld News

APRIL 1, 2021

This is the first factor mentioned in the report and addresses how cybercrime groups might be more organized than you would think. Furthermore, when an organisation has a cyber insurance policy, it might be able to claim the ransom back, which may encourage payment. We will take a look at each of these contributing factors.

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Ransomware Cyber Insurance Social Engineering Cybercrime 57

BH Consulting

JUNE 13, 2023

Verizon points out that cybercrime risk crosses all sectors regardless of industry vertical, but it provides 10 sectoral snapshots to help readers understand the threats in more depth. The figures come from An Garda Siochana, the Irish police force, supplied to the Irish Government via the Department of Justice.

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Social Engineering Data breaches Scams DDOS 52

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.

Risk 114

Risk Cybersecurity CISO Technology 114

Security Boulevard

JUNE 15, 2021

Ransomware attacks have continued to make headlines, and for good reason: on average, there is a new ransomware attack every 11 seconds, and the losses to organizations from ransomware attacks is projected to reach $20 billion over the course of 2021 following a record increase in losses of more than 225% in 2020.

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Ransomware Cyber Insurance Insurance Antivirus 97

Security Affairs

FEBRUARY 25, 2024

Iran Crisis Russia-Aligned TAG-70 Targets European Government and Military Mail Servers in New Espionage Campaign U.S.

Spyware 136

Spyware Cyber Insurance Hacking Government 136

Security Affairs

NOVEMBER 5, 2023

CISA adds two F5 BIG-IP flaws to its Known Exploited Vulnerabilities catalog Threat actors actively exploit F5 BIG-IP flaws CVE-2023-46747 and CVE-2023-46748 Pro-Hamas hacktivist group targets Israel with BiBi-Linux wiper British Library suffers major outage due to cyberattack Critical Atlassian Confluence flaw can lead to significant data loss WiHD (..)

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Cyber Insurance Cryptocurrency Data breaches Internet 134

SC Magazine

MAY 13, 2021

Thus, updating technology and improving governance can go a long way in mitigating risk. Does the company have cyber insurance in place to pay a ransom? Many ICS environments operate with obsolete technology that’s patched infrequently if at all. The need to secure distributed environments. Are board members prepared to act?

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Energy and Utilities Ransomware Cyber Insurance Risk 64

Adam Levin

MARCH 2, 2020

And it wasn’t because the media paid more attention to this relative newcomer in the area of cybercrime. As bad as the ransomware scourge was for businesses, local governments arguably had it worse. If your company already has cyber insurance coverage, consider increasing it. What Is Ransomware?

Cyber threats 215

Cyber threats Ransomware Encryption Insurance 215

Krebs on Security

MARCH 2, 2023

government’s efforts to restrain China’s technology prowess involve ongoing initiatives like the CHIPS Act, a new law signed by President Biden last year that sets aside more than $50 billion to expand U.S. government-wide Solar Winds compromise. cyber interests. ” Many of the U.S.

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