CyberSecurity Insiders

MAY 1, 2023

This legal turn is supported by a study conducted by BakerHostetler, which confirms that lawsuits against companies that suffer data breaches are becoming more common and may increase by the end of this year. Now the big question: Is there any benefit in filing a lawsuit against the technology service provider for a data breach?

Data breaches 138

Data breaches Cyber Insurance Insurance Technology 138

CyberSecurity Insiders

NOVEMBER 15, 2022

Cyber Insurance premiums are becoming dearer and the reason for such a rise is claimed to be sophistication in attacks that are making mitigation and recovery expensive. Most companies are showing laxity in following basic cyber security hygiene, leading to a surge in cyber-attacks and data breaches.

Cyber Insurance 84

Cyber Insurance Insurance Marketing Data breaches 84

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

Adam Levin

JULY 8, 2020

” Hacking campaigns exploiting poor domain name security can be more subtle. We are all weary of the endless cycle of hacks and data breaches and we’re increasingly blaming businesses that have been compromised rather than the hackers themselves. That spells trouble if you’re the one that gets hacked.

Hacking 130

Hacking Retail Cyber Insurance Authentication 130

Krebs on Security

JULY 24, 2018

Following the 2016 breach, National Bank hired cybersecurity forensics firm Foregenix to investigate. The company determined the hacking tools and activity appeared to come from Russian-based Internet addresses. “This is a rapidly growing area and a profit center for a lot of insurance companies,” Castagnoli said.

Banking 198

Banking Insurance Computers and Electronics Cyber Insurance 198

Security Affairs

MAY 1, 2020

Maze Ransomware operators claim to have hacked the network of the state-owned Bank of Costa Rica Banco BCR and to have stolen internal data, including 11 million credit card credentials. SecurityAffairs – Banco BCR, hacking). Please vote Security Affairs for European Cybersecurity Blogger Awards – VOTE FOR YOUR WINNERS [link].

Ransomware 145

Ransomware Banking Cyber Insurance Advertising 145

Security Affairs

FEBRUARY 8, 2024

Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches. Data Breach Costs: The average global cost of a data breach in 2023 was $4.45 Data Breach Costs: The average global cost of a data breach in 2023 was $4.45 million per breach.

Social Engineering 142

Social Engineering Cyber Attacks Cyber Insurance IoT 142

Adam Levin

JUNE 30, 2020

In fact, what may matter more is how easy you are to hack. 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. It doesn’t matter how big your company is. A compounded threat for businesses.

Ransomware 186

Ransomware Insurance Cyber Insurance Manufacturing 186

Security Affairs

JUNE 5, 2020

. “Just like previous data leaks, the Cyble Research Team has also identified and verified this data leak.” “As per our researchers, this data leak includes the company’s cyber insurance documents, various contract calculations worksheets, NASA give review rules, and much more.”

Engineering 145

Engineering Ransomware Cyber Insurance Insurance 145

Adam Levin

DECEMBER 26, 2018

Employees from the mailroom to the C-Suite often fall prey to a false sense of security because there hasn’t been a hack yet. Hacking and data breaches should be regarded as an “all hands on deck” threat. Businesses need to be great when it comes to breach response times. Security as Ecosystem.

Computers and Electronics 130

Computers and Electronics Government Cyber Insurance Hacking 130

Hacker Combat

JULY 31, 2020

Sure, this might sound like something that doesn’t need to be said, but a surprising number of data breaches occur because people neglect to treat security as a priority. Carry Cyber Insurance. This makes carrying a cyber insurance policy with a reputable carrier a good idea. Take It Seriously.

Cybersecurity 69

Cybersecurity Cyber Insurance Insurance Data breaches 69

Security Boulevard

MAY 12, 2022

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. What Is Not Covered Under Cyber Insurance? For organizations seeking cyber insurance, the road for predictable security runs in parallel.

Cyber Insurance 105

Cyber Insurance Insurance Marketing Firewall 105

Security Affairs

APRIL 24, 2022

SecurityAffairs – hacking, newsletter). To nominate, please visit:? Follow me on Twitter: @securityaffairs and Facebook. Pierluigi Paganini. The post Security Affairs newsletter Round 362 by Pierluigi Paganini appeared first on Security Affairs.

Cyber Insurance 100

Cyber Insurance Spyware Firmware Insurance 100

Troy Hunt

MARCH 2, 2020

These were companies spanning all sorts of different industries; big tech, general infosec, antivirus, hosting, finance, e-commerce, cyber insurance - I could go on. Anyone can cobble together a website with some APIs and load in a ton of data breaches, but establishing trust is a whole different story.

Data breaches 363

Data breaches Marketing Cyber Insurance InfoSec 363

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. Trotter further argued that encryption of Anthem’s data at rest would have offered only minimal security benefits and would not have prevented the hack. In the U.S.,

Data privacy 145

Data privacy Encryption Data breaches Insurance 145

Security Affairs

JUNE 18, 2024

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. She is also a regular writer at Bora.

Ransomware 141

Ransomware Cryptocurrency Insurance Cybercrime 141

Adam Levin

MARCH 16, 2020

“BEC/EAC is constantly evolving as scammers become more sophisticated…BEC/EAC scams routinely began with the hacking or spoofing of the email accounts of chief executive officers or chief financial officers, and fraudulent emails were sent requesting wire payments be sent to fraudulent locations. It’s Time to Do Something.

Scams 130

Scams Identity Theft Phishing Accountability 130

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. Sometimes providers take longer to report because they are still trying to determine the extent of the breach and which records were actually impacted,” she said.

Insurance 88

Insurance Cyber Insurance Data breaches Media 88

SC Magazine

MAY 28, 2021

While the Oldsmar, Florida hack, for example, shined a light on risks associated with remote access to industrial control systems, Colonial Pipeline exposed IT system vulnerabilities that could exist in any sector. Colonial Pipeline also heightened discussion about the influence of ransomware attacks on cyber insurance.

Insurance 117

Insurance Government Ransomware Risk 117

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.

Information Security 98

Information Security Technology Marketing Data breaches 98

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

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. Experts are warning of a possible wave of extortion attempts after the mass hack.

Social Engineering 52

Social Engineering Data breaches Scams DDOS 52

Security Boulevard

JANUARY 18, 2024

Supply Chain hacking methods evolve and increasing attacks become a problem for everyone Advanced attackers are developing tools and tactics to intensify supply chain compromises, fueling many new attacks in 2024 that impact disproportionate numbers of downstream consumers. Some dangers are familiar and persistent.

Risk 115

Risk Cybersecurity CISO Technology 115

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. It’s about challenging our expectations about the people who hack for a living. And why is that?

Internet 40

Internet Internet Insurance Cyber Insurance 40

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. Lloyd’s of London.

Insurance 97

Insurance Cyber Insurance Ransomware Data breaches 97

Security Affairs

FEBRUARY 25, 2024

Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press. Iran Crisis Russia-Aligned TAG-70 Targets European Government and Military Mail Servers in New Espionage Campaign U.S.

Spyware 130

Spyware Cyber Insurance Hacking Advertising 130

CyberSecurity Insiders

APRIL 23, 2021

Microsoft Exchange Server Cyber Attack- Cyber Threat actors somehow infiltrated the email servers of Microsoft Exchange operating across the world through a vulnerability and accessed data of many government and private companies.

Cyber Attacks 145

Cyber Attacks Insurance Cyber Insurance Ransomware 145

Security Affairs

NOVEMBER 5, 2023

Kinsing threat actors probed the Looney Tunables flaws in recent attacks ZDI discloses four zero-day flaws in Microsoft Exchange Okta customer support system breach impacted 134 customers Multiple WhatsApp mods spotted containing the CanesSpy Spyware Russian FSB arrested Russian hackers who supported Ukrainian cyber operations MuddyWater has been spotted (..)

Cyber Insurance 128

Cyber Insurance Cryptocurrency Internet Internet 128

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. Data poisoning will gain popularity in 2024.

Cybersecurity 130

Cybersecurity Cyber threats Insurance IoT 130

SC Magazine

MARCH 29, 2021

It can also help inform cyber insurers, who may choose to raise premiums for companies that can’t document where their code comes from. Though there will continue to be breaches and we’re going to continue to have problems, we actually do know what to do to build secure software. Now it’s up to us all as a society to do it.”.

Software 120

Software Hacking Government Cyber Insurance 120

Adam Levin

MARCH 26, 2020

Cyber insurance is still evolving, and as such you can still get good deals even if your cybersecurity is not completely up to snuff. At some point that will be a question that cyber insurers will think about 24/7, solutions evolving alongside challenges and underwriting calculations following close behind.

Cyber Insurance 211

Cyber Insurance Insurance Hacking Passwords 211

Jane Frankland

JANUARY 12, 2025

Sophisticated social engineering tactics, phishing campaigns, or financial incentives make it easier for cybercriminals to use insiders as tools for gaining access and maintaining their foothold in systems rather than hacking in. Cyber Insurance Cyber insurance will become an essential component of risk management strategies.

Cybersecurity 130

Cybersecurity CISO Insurance IoT 130

Adam Levin

DECEMBER 27, 2019

fewer of you to go around because at this moment in history everyone understands that a good CISO is critical to the ongoing success of an enterprise (the 2019 IBM Cost of Data Breach study found that the average cost to an organization was $3.92 You’re going to have personal cyber insurance.

Cybersecurity 100

Cybersecurity CISO IoT Insurance 100

Adam Levin

MARCH 2, 2020

Your Cliffs Notes version: Put yourself in a position where you can’t be affected by such a hack. Back Up Everything: Data recovery is an expensive and time-consuming process even when it isn’t being done in the wake of a ransomware attack. If your company already has cyber insurance coverage, consider increasing it.

Cyber threats 215

Cyber threats Ransomware Encryption Insurance 215