BH Consulting

FEBRUARY 24, 2025

Cyber insurance industry faces a pivotal year The cyber insurance industry faces a pivotal year, influenced by evolving ransomware threats, regulatory changes, and the integration of artificial intelligence (AI). MORE Bad education: the lengths that US schools go to hide data breaches. MORE Got cash?

Cyber Insurance 59

Cyber Insurance Insurance Ransomware Artificial Intelligence 59

Cisco Security

JULY 11, 2022

From extortion to data breaches, ransomware is always evolving, and is becoming very lucrative with Ransomware-as-a-service kit making it easier to target organizations. This institution not only provided an education but also contributed to the local economy in this rural town for over 150 years.

Ransomware 145

Ransomware Education Cyber Insurance Insurance 145

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

SecureList

NOVEMBER 9, 2022

Most probably more attacks on the education and healthcare sectors will occur plus targeted campaigns against industry leaders – especially those that hold critical information: sensitive data, top expertise, and latest technologies. Yet, in addition to cyber insurance, companies will need a designated DR or RR (Rolling Recovery) plan.

Cybersecurity 144

Cybersecurity Cyber Insurance Cybercrime IoT 144

BH Consulting

MAY 28, 2025

Its an apt phAn erase for people working in cybersecurity and data protection, who, as Brian joked, tend not to look on the bright side. Drawing on reports from the World Economic Forum, the Verizon Data Breach Investigations Report and Hiscox Insurance, Brian painted a picture of what that dark side looks like.

Scams 59

Scams Passwords Insurance Technology 59

eSecurity Planet

AUGUST 9, 2022

GDPR, the EU’s flagship data privacy and “right to be forgotten” regulation, has made the stakes of a data breach higher than ever. The enterprise that treats these disparate elements as such, using a cost- or risk-benefit analysis, will have the fewest data-related headaches – compliance, security, privacy, or otherwise.

Data privacy 145

Data privacy Encryption Data breaches Insurance 145

Malwarebytes

JANUARY 15, 2023

According to the BBC, the data includes: Passport scans of both pupils and parents which date back to 2011. Special Educational Needs (SEN) data. As we’ve seen recently, cyber insurance is no guarantee of avoiding a ransomware pitfall either with refusal of payout being decided in a court of law.

Ransomware 95

Ransomware Backups Education Cyber Insurance 95

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. High-privileged accounts enhance attackers’ ability to access unauthorized data, potentially causing data breaches and operational disruptions.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

Hacker's King

OCTOBER 10, 2024

This proactive approach is highly valued in industries where data breaches could be catastrophic. Providing Training and Certification Educating the workforce about cybersecurity is another area where cybersecurity companies make money. Clients pay cybersecurity companies for these tests to expose flaws in their systems.

Cybersecurity 52

Cybersecurity Cyber Insurance Insurance Penetration Testing 52

Malwarebytes

SEPTEMBER 30, 2022

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. Check out our government case studies and education pages for more information. Baltimore learned this the hard way. (An

Government 71

Government Cybersecurity Cyber Insurance Insurance 71

Digital Shadows

OCTOBER 14, 2024

Major developments this quarter include “Play” transitioning from double-extortion tactics to targeting ESXi environments and the cybersecurity firm Fortinet experiencing a data breach in which 440GB of customer data was compromised. However, some cyber insurance policies explicitly forbid ransom payments.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. The analysis should be thorough, covering all aspects of the incident, from the initial breach to their final recovery.

Cybersecurity 104

Cybersecurity Backups Cyber threats Antivirus 104

Herjavec Group

FEBRUARY 18, 2021

Within this whirlwind of all things moving to the internet, insurance vendors recently began to take cyber insurance very seriously. They first sold it asking ‘do you have antivirus and a firewall’ – check box one, check box two, now you have cyber insurance. Some know what an MSSP is and the value it offers.

Digital transformation 81

Digital transformation Computers and Electronics Cyber Insurance Insurance 81

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. When is a cybersecurity incident a GDPR data breach?

Social Engineering 52

Social Engineering Data breaches Scams DDOS 52

SecureWorld News

NOVEMBER 22, 2021

In a BEC incident, you're almost certainly going to be handling a combination of: • wire transfers or other financial losses; • compromised sensitive information, such as employee or customer data; • potential email server and data breaches of unknown size; and • branding and reputation issues. BEC-IRP Section 2: Identification.

Scams 98

Scams Cybercrime Accountability Banking 98

Cytelligence

FEBRUARY 4, 2020

The 2019 Cybersecurity Almanac published by Cisco and Cybersecurity Ventures predicts that cyber events will cost $6 trillion annually by 2021, as companies are digitizing most of their processes and are often operating remotely. Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025.

Penetration Testing 45

Penetration Testing Insurance Data preservation Cyber Insurance 45

Centraleyes

APRIL 8, 2024

High-profile data breaches have made data protection and privacy a hot subject. Hackers use more sophisticated methods to break network defenses and steal sensitive data on a large scale. Malicious actors target personal data because of its value. The consequences of data breaches go beyond financial impact.

Data privacy 52

Data privacy Unstructured Data Data breaches Government 52

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 Educate end users to help them identify suspicious and potentially malicious emails, files, web sites, or other resources.

Ransomware 52

Ransomware Backups Data breaches Encryption 52

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. High-privileged accounts enhance attackers’ ability to access unauthorized data, potentially causing data breaches and operational disruptions.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

ForAllSecure

MAY 17, 2023

Chris Gray of Deep Watch talks about the view from the inside of a virtual SOC, the ability to see threats against a large number of SMB organizations, and the changes to cyber insurance we’re seeing as a result. cyber insurance as a whole was changing heavily. And why is that? It started off pretty easy to get.

Internet 40

Internet Internet Insurance Cyber Insurance 40

Duo's Security Blog

JULY 11, 2022

Higher Education is facing many challenges: pressure to reduce costs for students; increased regulatory oversight from federal agencies; faculty and staff attrition; hybrid working and teaching; and changing demographics of students, to name but a few. Where to begin? This will help your program be successful right from the start.

Education 52

Education Insurance Cyber Insurance Government 52

CyberSecurity Insiders

APRIL 23, 2021

Initially, the channel claimed that it was a disruption caused because of some technical difficulties, but later confirmed the cyber incident. Harris Federation Cyber Attack- A ransomware attack targeted educational institute Harris Federation disrupting online studies and correspondence to nearly 37K students in March 2021.

Cyber Attacks 145

Cyber Attacks Insurance Cyber Insurance Ransomware 145

Jane Frankland

DECEMBER 7, 2023

It’s likely we’ll continue to witness a significant shift in the motivation behind prominent cyberattacks, as data sources indicate a resurgence in activities such as information theft, covert communication monitoring, and content manipulation from state sponsored attackers and cybercriminals. The first is by rule making.

Cybersecurity 130

Cybersecurity Cyber threats Insurance IoT 130

BH Consulting

MAY 29, 2025

Its an apt phrase for people working in cybersecurity and data protection, who, as Brian joked, tend not to look on the bright side. Drawing on reports from the World Economic Forum, the Verizon Data Breach Investigations Report and Hiscox Insurance, Brian painted a picture of what that dark side looks like.

Scams 59

Scams Passwords Insurance Cyber Insurance 59