SC Magazine

MAY 24, 2021

Overall, insurance companies seem to be responding to increased demand from clients for cyber-specific insurance, and one survey found that the two things most likely to spur a purchase of cyber insurance are when a business experiences a cyber attack and when they hear about other companies being hit by a cyber attack.

Cyber Insurance

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 Further, the number of breaches reported to the Department of Health and Human Services during the first six months of 2021 increased by 27% year-over-year. More than 22.8

Data breaches

Joseph Steinberg

AUGUST 5, 2021

Likewise, cyber insurance policies for individuals are starting to appear in the marketplace. Remember, a cyber-insurance policy is a legal contract – it is absolutely essential that policyholders adhere to policy requirements or they may find their otherwise valid claims denied should a cybersecurity incident occur.

Insurance

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

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

Webroot

SEPTEMBER 7, 2023

billion to data breaches and cybercrime. This is all happening while companies are spending trillions digitizing their business operations and trying to obtain secure cyber insurance while keeping up with regulatory changes in GDPR, HIPAA, and Sarbanes-Oxley. And those attacks are costing companies a lot of money.

Encryption

Centraleyes

DECEMBER 19, 2024

They address data privacy and the escalating threat of cyberattacks targeting healthcare institutions. The new healthcare cyber regulations will go into effect in October 2025. Specific attention is given to email-based threats, which are responsible for a growing number of security incidents in healthcare.

Healthcare

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. Healthcare Data Privacy Laws. Health data and patient data in the U.S. The post Security Compliance & Data Privacy Regulations appeared first on eSecurityPlanet.

Data privacy

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

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. Other major settlements stemmed from covered entities that failed to provide adequate breach notification.

Insurance

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.

Digital transformation

Centraleyes

DECEMBER 16, 2024

Verizons Data Breach Investigations Report showed that 74% of security breaches involve a human element, with system administrators and developers accounting for most of these errors. Expect to see more investments in privacy-enhancing technologies (PETs) such as encryption, anonymization, and data masking.

Cybersecurity

Pen Test

OCTOBER 10, 2023

Double extortion introduces catastrophic risks of data breach and loss of customer trust if sensitive information gets leaked publicly. Even just the notification of a data breach can harm an organization's reputation and bottom line. Businesses will need to demonstrate cyber risk management to get the best premiums.

Ransomware

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 In fact, one report shows that business email compromises are 23% of cyber insurance claims.

Ransomware

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

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. Recovery from supply chain attacks will cost 3x-5x more as compared to data breaches.

Risk

eSecurity Planet

OCTOBER 5, 2021

Paying for internal assessments and penetration tests by a third party can provide fresh thinking and a level of assurance for stakeholders such as customers, the board of directors, and the insurance company that wrote our cyber insurance policy. Is the attack small enough that we do not need to file a cyber insurance claim?

Ransomware

Duo's Security Blog

JUNE 21, 2021

According to Verizon’s most recent Data Breach Incident Report , instances of advanced ransomware have doubled in the past year, alongside major upticks in phishing attacks and social engineering. Municipalities and healthcare organizations that need immediate access to critical information are also frequent targets.

Insurance

eSecurity Planet

JANUARY 11, 2022

Privafy aims to serve a valuable corner of the market – securing data-in-motion. As up to 80 percent of data breaches occur while data moves between cloud networks, Privafy offers security for cloud infrastructure as well as a list of edge computing solutions to securely deploy IoT devices and edge networks in the years to come.

Cybersecurity

SC Magazine

MARCH 29, 2021

Not just your traditional modern enterprise software, but also in areas of critical infrastructure, in automotive and energy and healthcare, where especially devices are going on be on-premise, they’re going to be embedded in systems that might have a long lifespan and it’s very important to know what’s under the hood.”.

Software