Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. As cyber criminals mature and advance their tactics, small and medium businesses become the most vulnerable because they lack the capacity – staff, technology, budget - to build strong cyber defenses. The necessity for cyber-insurance coverage.

Cyber Insurance 77

Cyber Insurance Insurance Cyber Risk Authentication 77

CSO Magazine

JUNE 14, 2023

With an ever-increasing number of cybersecurity threats and attacks, companies are becoming motivated to protect their businesses and customer data both technically and financially. The global cyber insurance market was valued at $13.33 million — more than twice the global average of $4.35 billion in 2023 to $84.62

Insurance 121

Insurance Data breaches Cyber Insurance Marketing 121

SecureWorld News

JANUARY 31, 2024

Cyber risk is an existential issue for companies of all sizes and in all industries. However, it also exposes companies to additional layers of risk. However, it also exposes companies to additional layers of risk. Real estate portfolios are uniquely exposed to cyber-physical damage risk?

Risk 79

Risk Cyber Insurance Insurance Data breaches 79

eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

Cyber Insurance 128

Cyber Insurance Insurance Cyber Attacks Ransomware 128

Security Boulevard

JUNE 29, 2022

According to Accenture , more than 68 percent of business leaders feel their cybersecurity risks are increasing. That’s no surprise really, especially when considering that data breaches exposed some 36 billion records in the first half of 2020 alone.

Cyber Insurance 52

Cyber Insurance Insurance Data breaches Risk 52

SC Magazine

JUNE 28, 2021

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. However, in practice, it is still yet to be seen if cyber insurance can fulfil this promise.”.

Cyber Insurance 136

Cyber Insurance Insurance Ransomware Marketing 136

Security Boulevard

NOVEMBER 23, 2022

As organizations around the globe grapple with the consequences of data breaches, MSSPs have a unique opportunity to help their clients build and manage mature security programs and employ other necessary protections to keep their businesses safe.

Cyber Insurance 69

Cyber Insurance Insurance Data breaches Risk 69

Centraleyes

APRIL 9, 2024

According to IBM’s recently released “Cost of a Data Breach” statistics report, the average financial toll of a data breach has surged to an unprecedented $4.45 Regional Disparities in Data Breach Costs The United States emerges with a significantly higher average cost of $9.4

Data breaches 52

Data breaches Cyber Insurance Insurance Ransomware 52

SecureWorld News

MARCH 28, 2024

Department of Treasury on March 27th released a report titled "Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector." The report highlights the growing concern around artificial intelligence (AI) and its potential to introduce new cybersecurity threats to the financial industry.

Risk 74

Risk Artificial Intelligence Cybersecurity Financial Services 74

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 94

Cyber Insurance Insurance Marketing Cyber Risk 94

SC Magazine

MARCH 24, 2021

Insurance firm CNA Financial, a prominent provider of cyber insurance, confirmed a cyberattack against its systems, which has some concerned that cybercriminals may target policyholders. Moreover, understanding the “scope of the incident, with the type and volume of data impacted, is paramount when a cyber incident occurs.

Cyber Insurance 128

Cyber Insurance Insurance Hacking Ransomware 128

Joseph Steinberg

AUGUST 5, 2021

One of the important concepts about which people must be aware when evaluating their cybersecurity postures and related liabilities, but which, for some reason, many folks seem to be unaware, is the difference between first-party risks and third-party risks. First-Party Risks And Coverage. First-Party Risks And Coverage.

Insurance 141

Insurance Risk Data breaches Artificial Intelligence 141

Duo's Security Blog

OCTOBER 7, 2022

It will be unsurprising that because of this demand, insurers are particularly careful how they build their policies to minimize their risk from large cyber events. This is especially true if the company looking for cover hasn’t taken adequate enough steps to minimize cyber risks itself.

Small Business 71

Small Business Cyber Insurance Insurance Cyber Risk 71

Centraleyes

MARCH 28, 2024

Coalition, a leader in cyber insurance, has added a positive endorsement for artificial intelligence (AI) to its cyber insurance plans for the US and Canada. The endorsement expands the definition of a security failure or data breach to include events caused by artificial intelligence.

Artificial Intelligence 52

Artificial Intelligence Cyber Insurance Insurance Technology 52

CSO Magazine

JANUARY 24, 2023

US financial institutions see peer-to-peer fraud and other digital fraud as the biggest cybersecurity concern in 2023. CSI), followed by data breaches (23%), ransomware (20%) and a breach at a third party (15%). It was cited by 29% of respondents in a survey by Computer Systems Inc.

Cyber threats 111

Cyber threats Identity Theft Cyber Insurance Insurance 111

CSO Magazine

AUGUST 16, 2022

Cybersecurity risk assessment company Safe Security on Tuesday rolled out two new online risk assessment tools for businesses to use, in order to help them understand their vulnerability to cyberattacks and the costs of insuring against them. Risk tools measure financial impact of cyberthreats.

Risk 61

Risk Cyber Insurance Insurance Data breaches 61

SecureWorld News

AUGUST 23, 2023

This morning, Critical Start released its first ever Cyber Risk Landscape Peer Report , which explores some of the major concerns and challenges currently confronting cybersecurity leaders as they manage risk within their organizations. Here are some comments on the cyber risk landscape from cybersecurity vendor experts.

Cybersecurity 69

Cybersecurity Cyber Risk Risk Cyber Insurance 69

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 The attacks on our nation’s critical infrastructures, which includes our hospital systems, has resulted in government agencies showing a renewed focus on cybersecurity.”.

Data breaches 113

Data breaches Insurance Healthcare Education 113

SecureWorld News

JANUARY 21, 2024

Battling cybersecurity threats can often feel like an uphill struggle. Nonprofits often juggle tight budgets and unique operational demands, making it even more difficult to keep sensitive information safe—but here's the thing: you don't need a fortune to build a strong defense against the possible cyber threats out there.

Cybersecurity 86

Cybersecurity Backups Cyber threats Software 86

SC Magazine

FEBRUARY 8, 2021

Every time a driver buckles up or an airbag is deployed we see the powerful influence of the insurance companies who insisted those measures become mandatory. Now, those insurers are poised to drive cybersecurity investment by insisting that organizations meet certain criteria to qualify for coverage. A maturing model.

Insurance 126

Insurance Cyber Insurance Cybersecurity Government 126

Adam Levin

AUGUST 26, 2019

The data breach of Capital One was big news, but it was also a familiar story: a major financial company with the budget and means to secure its data didn’t bother to do so, and the personal information of over a hundred million of its customers and applicants was exposed. Cloudy with a Chance of Client Error.

Data breaches 142

Data breaches Cyber Insurance Hacking Insurance 142

Webroot

JULY 25, 2022

Here are some of the key trends which we observed at this year’s first marquee cybersecurity event post-pandemic: 1. Most customers alluded to the cybersecurity skills shortage; one of the key market drivers remains a “managed” component tailored to organizations’ response capabilities. Cyber insurance becomes mainstream discussion.

Cyber Insurance 124

Cyber Insurance Insurance Marketing Phishing 124

SecureList

NOVEMBER 9, 2022

Every year, Kaspersky experts prepare forecasts for different industries, helping them to build a strong defense against any cybersecurity threats they might face in the foreseeable future. While supply-chain is a big challenge for business right now, its cybersecurity is not merely an issue, it’s a major problem.

Cybersecurity 121

Cybersecurity Cyber Insurance Cybercrime IoT 121

Malwarebytes

SEPTEMBER 30, 2022

The first is that they handle troves of sensitive data, especially personally identifiable information (PII) , and the second is that they operate on shoestring budgets with little to no cybersecurity staff or leadership buy-in. We’ll break down five best practices for local government cybersecurity in this post.

Government 60

Government Cybersecurity Cyber Insurance Insurance 60

IT Security Guru

MAY 24, 2023

Cybersecurity is critical to any company. It helps to protect your organisation, workforce and clients from cyber-attacks. By doing this, you are reducing the chance of identity theft, data breaches, ransomware, and many other types of cyber threats. Use standard cybersecurity methods.

Cybersecurity 43

Cybersecurity Cyber Insurance Cyber threats Identity Theft 43

Security Boulevard

MAY 11, 2022

With ransom demands rising and the cost of data breaches soaring, businesses are investing heavily in building their cyber defenses. However, cybersecurity is not bullet-proof. Buying a cyber risk insurance program can help outsource residual risk, and deploying multi-factor authentication is […]… Read More.

Cyber Risk 52

Cyber Risk Insurance Authentication Risk 52

BH Consulting

JUNE 22, 2021

Organisations are coming under increasing pressure to take out cybersecurity insurance cover. Also known as cyber risk insurance, it’s now a prerequisite in some public sector tenders. Sometimes, contracts or proposals ask suppliers for both cybersecurity insurance and documented security controls.

Insurance 83

Insurance Cybersecurity Cyber Insurance Cyber Risk 83

CyberSecurity Insiders

DECEMBER 14, 2022

.–( BUSINESS WIRE )–Brendan Hall has joined Alliant Insurance Services as a Senior Vice President as part of the newly created Alliant Cyber, one of 14 Alliant industry-dedicated verticals. He brings over 20 years of experience in the cybersecurity industry. About Alliant Insurance Services.

Insurance 52

Insurance Cyber Insurance Cyber Risk Risk 52

Malwarebytes

JANUARY 26, 2022

Due to the evolving and growing impact of cybersecurity incidents there are some questions starting to arise about the way that insurance companies deal with the costs that are the results of such incidents. But cyber insurance comes in different flavors and sizes. Pharmaceutical giant Merck & Co. Merck suffered US$1.4

Insurance 89

Insurance Cyber Insurance Ransomware Data breaches 89

SecureWorld News

AUGUST 18, 2020

Securities and Exchange Commission, notifying the SEC of the data breach. Hackers exfiltrated (removed) some data. The Company is working with industry leading cybersecurity firms to immediately respond to the threat, defend the Company's information technology systems, and conduct remediation. Remediation is underway.

Cyber Insurance 79

Cyber Insurance Ransomware Insurance Technology 79

SC Magazine

FEBRUARY 10, 2021

The Cybersecurity and Infrastructure Security Agency (CISA) recently included security ratings or scoring as part of its cyber risk reduction initiative. The Cybersecurity and Infrastructure Security Agency (CISA) recently included security ratings or scoring as part of its cyber risk reduction initiative.

Cyber Insurance 83

Cyber Insurance Insurance Cyber Risk Government 83

Adam Levin

JUNE 30, 2020

For instance, 71 percent of respondents said companies shouldn’t pay ransoms to hackers, but 55 percent wanted businesses to pay a ransom if their own personal data was at risk. Preventing data breaches and implementing adequate cybersecurity safeguards was a daunting assignment even before the Covid-19 pandemic.

Ransomware 186

Ransomware Insurance Cyber Insurance Manufacturing 186

Security Boulevard

JANUARY 18, 2024

Cybersecurity risks increase every year and bludgeon victims who fail to prepare properly. Cybersecurity predictions offer a glimpse at the dangerous oncoming traffic and help leaders develop strategies to navigate their journey safely. Those in cybersecurity who fail to look ahead will be crushed by what they don’t see coming.

Risk 115

Risk Cybersecurity CISO Technology 115

BH Consulting

JUNE 13, 2023

Curated advice, guidance, learning and trends in cybersecurity and privacy, as chosen by our consultants. 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.

Social Engineering 52

Social Engineering Data breaches Scams DDOS 52

Malwarebytes

JULY 10, 2022

So, your business has just suffered a data breach and it’s time to dig deep in your pockets to pay all the resulting expenses. Without cyber insurance , you can expect to pay a dizzying amount of cash. Here are four ways your business can save money on its insurance. How is cyber insurance priced?

Cyber Insurance 91

Cyber Insurance Insurance Data breaches Phishing 91

Malwarebytes

DECEMBER 15, 2022

In the turbulent world of cybersecurity, one thing is for certain: Threats are evolving in ways that make them harder for organizations to predict—and stop. MDR is an outsourced service which provides organizations with 24x7 attack prevention, detection, and remediation, as well as targeted and risk-based threat hunting.

Cyber Insurance 68

Cyber Insurance Data breaches Insurance Cyber threats 68

Joseph Steinberg

JULY 8, 2021

Ironically, while many larger enterprises purchase insurance to protect themselves against catastrophic levels of hacker-inflicted damages, smaller businesses – whose cyber-risks are far greater than those of their larger counterparts – rarely have adequate (or even any) coverage.

Insurance 363

Insurance Cyber Insurance Cybersecurity Small Business 363