SecureWorld News

JANUARY 31, 2024

Cyber risk is an existential issue for companies of all sizes and in all industries. The integration of technology and automation, and related collection, use, and sharing of information into everyday business practices presents an enormous opportunity for efficiency and precision, especially in the real estate sector.

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Risk Cyber Insurance Insurance Data breaches 85

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

Security Affairs

FEBRUARY 8, 2024

26 key cyber security stats for 2024 that every user should know, from rising cyber crime rates to the impact of AI technolog y. Cyber Crime Surge: During COVID-19 , cyber crimes shot up by 600%, showing how threats adapt to global changes. Data Breach Costs: The average global cost of a data breach in 2023 was $4.45

Social Engineering 123

Social Engineering Cyber Insurance Cyber Attacks IoT 123

Malwarebytes

SEPTEMBER 14, 2022

This article focuses on helping to prevent cyberattacks purely through technology; though of course, businesses need a combination of technology, people, and strategy to truly become cyber resilient. That being said, security experts advise against relying solely on a single technology or technique to protect business endpoints.

Technology 63

Technology DNS Cyber Insurance Insurance 63

Webroot

JULY 25, 2022

The first in-person event for RSA since the global pandemic had a slightly lower turnout than in years past (26,000 compared to 36,000 attendees). Here are some of the key trends which we observed at this year’s first marquee cybersecurity event post-pandemic: 1. Cyber insurance becomes mainstream discussion.

Cyber Insurance 124

Cyber Insurance Insurance Marketing Phishing 124

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. Neither were boring. The Takeaway.

Data breaches 142

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Security Boulevard

NOVEMBER 24, 2023

The traditional actuary models do not apply well to an environment where highly motivated, creative, and intelligent attackers are dynamically pursuing actions that cause insurable events. But even after two decades, there’s a wide range of loss ratios between insurers (-0.5% Variances and unpredictability make insurers nervous.

Insurance 72

Insurance Risk Cyber Insurance Cybersecurity 72

Joseph Steinberg

AUGUST 5, 2021

Likewise, if you purchase appropriate first-party insurance, your insurance policy should cover the relevant losses – as the losses are borne directly by the policyholder (your business). iBynd also has a first-of-its-kind Personal Cyber Insurance offering that it delivers directly to consumers through CyberInsurancePlus.com.

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Insurance Risk Data breaches Artificial Intelligence 141

SecureWorld News

AUGUST 18, 2020

Securities and Exchange Commission, notifying the SEC of the data breach. Hackers exfiltrated (removed) some data. The unauthorized access also included the download of certain of our data files. Ransomware attacks: another argument for cyber insurance? Hackers encrypted some files. Remediation is underway.

Cyber Insurance 86

Cyber Insurance Ransomware Insurance Technology 86

Security Boulevard

MAY 12, 2022

Is The Cost Of Predictive Cyber Security Worth The Investment? Cybersecurity Events Becoming More Predictable ? Insurance carriers will offer a variety of different policies and coverage, including: Costs associated with an actual data breach, including letters to all affected victims. Zero-Day is here to stay.

Cyber Insurance 105

Cyber Insurance Insurance Marketing Firewall 105

Centraleyes

MAY 6, 2024

At the annual InsureTech Connect event in Las Vegas last month, AI won the prize as the most trending topic preoccupying the entire industry. Every few decades, the world experiences a technological disruption that changes our lives. Every few decades, the world experiences a technological disruption that changes our lives.

Insurance 52

Insurance Artificial Intelligence Cyber Insurance Marketing 52

Adam Levin

JUNE 30, 2020

In the same survey, 35 percent thought CEOs should be fined for a cyber failure, and 30 percent wanted to see a CEO lose his or her right to run any company following a serious cyber event. Preventing data breaches and implementing adequate cybersecurity safeguards was a daunting assignment even before the Covid-19 pandemic.

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Ransomware Insurance Cyber Insurance Manufacturing 186

Security Boulevard

JUNE 26, 2022

Cost of Breach Could Be Greater Than The Expected Cost Savings. IBM’s annual Cost of a Data Breach study revealed a single data breach could cost a company up to $3.29 That $3.29, even with cyber insurance, is still a significant hit to the organization’s bottom line. Culture of Security.

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Information Security Technology Marketing Cyber Insurance 98

eSecurity Planet

MARCH 17, 2023

These platforms make it possible for security teams to analyze consolidated threat feeds from various external alerts and log events. TIPs contextualize these threats, offering security teams more information, usually at a faster rate than vendor threat feeds.

Network Security 115

Network Security Penetration Testing Firewall Antivirus 115

SC Magazine

FEBRUARY 8, 2021

The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. That’s quite the incentive for insurers to assert themselves in this market. Others factors will increase pressure on strengthening cybersecurity, too, as will unexpected events like, for instance, a global pandemic.

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Insurance Cyber Insurance Cybersecurity Government 126

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. CISA, GSA, and the National Institute of Standards and Technology (NIST) help monitor for issues in the namespace.

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Government Cybersecurity Cyber Insurance Insurance 57

Duo's Security Blog

JUNE 21, 2021

While the risk of an employee clicking on a foreign prince’s secret gold offer may be past us, modern-day technologies have evolved and expanded in today’s remote work and IoT-connected settings. Don’t worry though, there's already an insurance policy for that. What is Cyber Liability Insurance?

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Insurance Cyber Insurance Data breaches Social Engineering 99

SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. Choosing the right technology partners Selecting technology partners who understand the unique security challenges that nonprofits can face is crucial.

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SecureList

NOVEMBER 9, 2022

And IT teams should be prepared to deal with evolving threats posed by emerging technologies which are becoming widespread, such as geo-targeted phishing or attacks related to Cloud Security, IOT and AI. Yet, in addition to cyber insurance, companies will need a designated DR or RR (Rolling Recovery) plan.

Cybersecurity 121

Cybersecurity Cyber Insurance Cybercrime IoT 121

Centraleyes

MARCH 19, 2024

Geopolitical events wield substantial influence over global business operations. Organizations need to prepare for the future of work by investing in collaboration tools and technology that foster adaptability. An effective IRP ensures swift and informed action, from data breaches to malware attacks.

Risk 52

Risk Backups Technology Cyber threats 52

SC Magazine

JULY 2, 2021

An exterior view of the Anthem Health Insurance headquarters. About 80 million company records were accessed in one of the largest health care data breaches. And while transparency is crucial, Impact Advisors’ leadership notes that breached organizations should not publicly estimate the impact of an event without the facts. “We

Insurance 88

Insurance Cyber Insurance Data breaches Media 88

Adam Levin

MARCH 16, 2020

That is exponentially more expensive than other cyber events. 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. billion in BEC scam-related losses the year before.

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Security Boulevard

JANUARY 18, 2024

Often a combination of disruptive technologies, lagging risk behavior trends, shifts in threat actor capabilities or focus, greater expectations for cybersecurity, and new regulatory structures emerge to wreak havoc. Recovery from supply chain attacks will cost 3x-5x more as compared to data breaches. In 2024: 1.

Risk 115

Risk Cybersecurity CISO Technology 115

BH Consulting

SEPTEMBER 7, 2022

Independent research like the Verizon Data Breach Investigations Report consistently shows high numbers of breaches involving a human element. If other judges follow this precedent, insurance companies could become less likely to pay in cases like this. And the cyber insurance market keeps growing.

Insurance 40

Insurance Social Engineering Cyber Risk Cyber Insurance 40

SC Magazine

MAY 28, 2021

No, this was not an infection of the operational technology for Colonial Pipeline… but a shutdown resulted nonetheless. Colonial Pipeline also heightened discussion about the influence of ransomware attacks on cyber insurance. “When that happened, I was like, ‘This is very high profile.

Insurance 117

Insurance Government Ransomware Risk 117

SC Magazine

MARCH 29, 2021

In a survey of more than 2,400 security technology decision-makers conducted by Forrester in 2020, improving application security capabilities and services was listed as the top tactical IT security priority over the next 12 months, a sign that businesses are starting to confront the growing threat head on.

Software 120

Software Hacking Government Cyber Insurance 120

eSecurity Planet

JANUARY 11, 2022

Investors, business clients, and more continue to look for secure application access for remote workers , provide real-time visibility into cyberattacks, and protect data as it travels from the cloud to edge networks and end-users and back. Privafy aims to serve a valuable corner of the market – securing data-in-motion. SECURITI.ai.

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Cybersecurity Threat Detection Artificial Intelligence Risk 142