Adam Levin

JULY 8, 2020

A whopping 97 percent failed to use DNSSEC , a domain security protocol designed to address core vulnerabilities in the foundations of the internet itself. 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.

Hacking 130

Hacking Retail Cyber Insurance Authentication 130

SecureList

NOVEMBER 9, 2022

Businesses most at risk are aerospace and defense contractors, as well as critical infrastructure operators (utilities such as water, electricity, and Internet, but also hospitals and operators of large cyber-physical systems such as dams). What cybersecurity challenges will industries face next year? Ransomware as a service (RaaS).

Cybersecurity 120

Cybersecurity Cyber Insurance Cybercrime IoT 120

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. Data encryption for data at rest and in transit. Baltimore learned this the hard way. (An Enhanced logging.

Government 58

Government Cybersecurity Cyber Insurance Insurance 58

SecureWorld News

NOVEMBER 12, 2020

First, however, let's look at the top 15 cyber threats organizations face right now, according to the report: Malware. Data Breach. Cyber Espionage. So that is the top 15 list of cyber threats according to the European Union. Web-based Attacks. Web Application Attacks. Distributed Denial of Service (DDoS).

Cyber threats 106

Cyber threats Insurance Cyber Insurance Ransomware 106

Adam Levin

MARCH 16, 2020

The Federal Bureau of Investigation’s 2019 annual Internet Crime Report included 467,361 complaints about suspected internet crime with losses of $3.5 Of those cases, 23,775 of them were business email compromises (BEC). So Isn’t BEC Just Another Form of Phishing? BEC has a home In the pantheon of ishings.

Scams 130

Scams Identity Theft Phishing Accountability 130

SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. While the provider secures the infrastructure, the nonprofit is responsible for securing its data within that infrastructure.

Cybersecurity 89

Cybersecurity Backups Cyber threats Software 89

Krebs on Security

DECEMBER 12, 2018

Is it fair to judge an organization’s information security posture simply by looking at its Internet-facing assets for weaknesses commonly sought after and exploited by attackers, such as outdated software or accidentally exposed data and devices? In October, FICO teamed up with the U.S. the security posture of vendor partners).

Cyber Risk 187

Cyber Risk Energy and Utilities Risk Marketing 187

Herjavec Group

FEBRUARY 18, 2021

I was personally honored in my early career to work for Wang Laboratories and was invited to share one of my visions ‘fax over the internet’ with the company, which I invented. Within this whirlwind of all things moving to the internet, insurance vendors recently began to take cyber insurance very seriously.

Digital transformation 81

Digital transformation Computers and Electronics Cyber Insurance Insurance 81

The Last Watchdog

APRIL 18, 2019

Imposing just the right touch of policies and procedures towards mitigating cyber risks is a core challenge facing any company caught up in digital transformation. Related: Data breaches fuel fledgling cyber insurance market. Enterprises, especially, tend to be methodical and plodding. Talk more soon.

Digital transformation 113

Digital transformation Cyber Risk Risk Penetration Testing 113

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

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 78

Scams Cybercrime Accountability Banking 78

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 120

Social Engineering Cyber Insurance Cyber Attacks IoT 120

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 187

Banking Insurance Computers and Electronics Cyber Insurance 187

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. Cut off network and internet access for the affected computer, server, or office.

Ransomware 131

Ransomware Backups Insurance Cyber Insurance 131

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 RobinHood is not known to leak data to the Internet if no payment is made.

Ransomware 52

Ransomware Backups Data breaches Encryption 52

Security Boulevard

JANUARY 18, 2024

Recovery from supply chain attacks will cost 3x-5x more as compared to data breaches. GDPR and other privacy cases continue to sting major internet properties, with the penalties for not safeguarding the confidentiality of sensitive personal information trending ever higher.

Risk 113

Risk Cybersecurity CISO Technology 113

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 Artificial Intelligence 130

SC Magazine

MARCH 29, 2021

I think that’s an area we’re going to see ransomware actors move into unfortunately, because it tends to be very successful and it’s got a relatively low barrier to entry once there are [proof of concept exploits] published on the internet and that’s another way that attackers can potentially make a lot of money quickly.”.

Software 120

Software Hacking Government Cyber Insurance 120

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 142

Cybersecurity Threat Detection Artificial Intelligence Risk 142

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 99

Cyber Insurance Cryptocurrency Internet Internet 99