CSO Magazine

JUNE 14, 2023

Finding the right insurance has become a key part of the security equation, which is no surprise given that the average cost of a data breach in the US has risen to $9.44 The global cyber insurance market was valued at $13.33 The global cyber insurance market was valued at $13.33

Insurance 121

Insurance Data breaches Cyber Insurance Marketing 121

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

SC Magazine

JUNE 28, 2021

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. However, in practice, it is still yet to be seen if cyber insurance can fulfil this promise.”.

Cyber Insurance 136

Cyber Insurance Insurance Ransomware Marketing 136

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. As cyber criminals mature and advance their tactics, small and medium businesses become the most vulnerable because they lack the capacity – staff, technology, budget - to build strong cyber defenses. The necessity for cyber-insurance coverage.

Cyber Insurance 77

Cyber Insurance Insurance Cyber Risk Authentication 77

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 52

Data breaches Cyber Insurance Insurance Ransomware 52

SC Magazine

MARCH 24, 2021

Insurance firm CNA Financial, a prominent provider of cyber insurance, confirmed a cyberattack against its systems, which has some concerned that cybercriminals may target policyholders. Moreover, understanding the “scope of the incident, with the type and volume of data impacted, is paramount when a cyber incident occurs. “In

Cyber Insurance 128

Cyber Insurance Insurance Hacking Ransomware 128

Duo's Security Blog

OCTOBER 7, 2022

Small business cyber insurance: Is it really needed? However, according to Security Magazine , 43% of all cyberattacks target small businesses, and 60% of all small business victims of a data breach permanently close their doors within six months of the attack.

Small Business 81

Small Business Cyber Insurance Insurance Cyber Risk 81

SecureWorld News

JANUARY 31, 2024

Frequently, the liability associated with slip-and-falls is pushed up to the owner—and within that same upstream push, so goes privacy and data breach liability. All stakeholders, including insurers, need to understand whose cyber insurance policy responds to an incident.

Risk 84

Risk Cyber Insurance Insurance Data breaches 84

Security Boulevard

NOVEMBER 24, 2023

First published by HelpNetSecurity  — Matthew Rosenquist Cybersecurity insurance is a rapidly growing market, swelling from approximately $13B in 2022 to an estimated $84B in 2030 (26% CAGR), but insurers are struggling with quantifying the potential risks of offering this type of insurance.

Insurance 72

Insurance Risk Cyber Insurance Cybersecurity 72

SC Magazine

APRIL 19, 2021

AIG is one of the top cyber insurance companies in the U.S. Today’s columnist, Erin Kennealy of Guidewire Software, offers ways for security pros, the insurance industry and government regulators to come together so insurance companies can continue to offer insurance for ransomware. eflon CreativeCommons CC BY 2.0.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

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

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 The Fortified Health report is meant to support health care covered entities in light of the ongoing threats and the rise in data breach numbers. More than 22.8

Data breaches 113

Data breaches Insurance Healthcare Education 113

Webroot

JULY 25, 2022

Market landscape for XDR grows more crowded. Most customers alluded to the cybersecurity skills shortage; one of the key market drivers remains a “managed” component tailored to organizations’ response capabilities. Cyber insurance becomes mainstream discussion.

Cyber Insurance 124

Cyber Insurance Insurance Marketing Phishing 124

Security Boulevard

MAY 12, 2022

In the early 1990s, the Internet industry needed to move packets as fast as possible because some marketing genius came up with the idea that everyone could have “Unlimited Internet Access” for $9.95 Cisco came to market with the PIX firewall, Netscreen came to market with the ASIC based firewall, and suddenly, security had a voice.

Cyber Insurance 105

Cyber Insurance Insurance Marketing Firewall 105

Centraleyes

MAY 6, 2024

As artificial intelligence shatters glass ceilings, the risks it introduces present a new paradigm to the insurance market in many different areas. Large insurance companies like Brown and Brown, AXA, Allstate, and State Farm have already taken the first steps in integrating generative AI models. trillion to $4.4

Insurance 52

Insurance Artificial Intelligence Cyber Insurance Marketing 52

CyberSecurity Insiders

DECEMBER 14, 2022

There he was responsible for growing the practice and assisting clients with data breach incident response services, security advisory, technical testing, threat intelligence, investigations and cyber insurance.

Insurance 52

Insurance Cyber Insurance Cyber Risk Risk 52

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. Every sector has suffered breaches and no nation can claim to have been spared.”. A maturing model. billion in premium.

Insurance 126

Insurance Cyber Insurance Cybersecurity Government 126

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

Krebs on Security

DECEMBER 12, 2018

Earlier this year, FICO began touting its Cyber Risk Score (PDF), which seeks to measure an organization’s chances of experiencing a data breach in the next 12 months, based on a variety of measurements tied to the company’s public-facing online assets. In October, FICO teamed up with the U.S.

Cyber Risk 191

Cyber Risk Energy and Utilities Risk Marketing 191

SecureList

NOVEMBER 9, 2022

Arthur Laudrain, Strategic Analyst (Cyber Program), The Hague Centre for Strategic Studies. In 2023, we might see a slight decline in ransomware attacks, reflecting the slowdown of the cryptocurrency markets. 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

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.

Digital transformation 113

Digital transformation Cyber Risk Risk Penetration Testing 113

BH Consulting

JUNE 22, 2021

Like all insurance, though, there is good and bad. You could argue cybersecurity insurance is useful because it makes people think of business risk, not just IT problems. Ultimate responsibility for data breaches rests with the board and the CEO. What security measures will the insurance company ask you to have?

Insurance 83

Insurance Cybersecurity Cyber Insurance Cyber Risk 83

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. Visionary’s don’t stop having their futuristic visions.

Digital transformation 81

Digital transformation Computers and Electronics Cyber Insurance Insurance 81

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

According to a recent market study 1 , 71% of individuals surveyed said double and triple extortion tactics have grown in popularity over the last 12 months, and 65% agree that these new threats make it tougher to refuse ransom demands. This data creates leverage for the bad guys as it increasingly affects the customers' personal information.

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

Cytelligence

FEBRUARY 4, 2020

The acquisition will help Aon expand its current coverages within the cyber market at a time when cyber claims are almost doubling year-over-year. Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025. said J Hogg, CEO of Aon Cyber Solutions.

Penetration Testing 45

Penetration Testing Insurance Data preservation Cyber Insurance 45

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. We’re not longer limited to the local market. cyber insurance as a whole was changing heavily.

Internet 40

Internet Internet Insurance Cyber Insurance 40

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 125

Social Engineering Cyber Insurance Cyber Attacks IoT 125

Joseph Steinberg

AUGUST 5, 2021

Selecting the right insurance provider is often, therefore, a challenging endeavor; the lack of standard policy templates has meant that providers typically offer their own unique sets of coverages, with their own unique sets of compliance requirements and premium schedules.

Insurance 258

Insurance Cyber Insurance Artificial Intelligence Cybersecurity 258

SC Magazine

MARCH 12, 2021

Guy Caspi, co-founder and CEO of Deep Instinct, said with the new announcement that the company is “offering a level of protection for our customers that goes beyond anything on the market today.” Security is only as strong as the weakest link between a hacker and the sought-after system or data.

Ransomware 87

Ransomware Cyber Insurance Insurance Marketing 87

Security Boulevard

JUNE 26, 2022

CEO: “ Due to complications in the market with unexpected changes in product and customer spending, we are going to announce a 20% in headcount, expenses, and capital projects for the remainder of the year.”. Cost of Breach Could Be Greater Than The Expected Cost Savings. How Information Security Breaks The Classic IT Model.

Information Security 98

Information Security Technology Marketing Cyber Insurance 98

eSecurity Planet

MARCH 17, 2023

Rootkit scanners tend to be some of the most inexpensive security solutions on the market; many are even free. It also helps organizations to organize and assess data for vulnerabilities and determine an appropriate response plan in the case of a data breach.

Network Security 119

Network Security Penetration Testing Firewall Antivirus 119

Security Boulevard

JANUARY 18, 2024

Recovery from supply chain attacks will cost 3x-5x more as compared to data breaches. The commercial and black-market prices can be in the millions of dollars for a single vulnerability and accompanying exploit with the most valuable being zero-days for popular operating systems and cloud environments.

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

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

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 52

Ransomware Backups Data breaches Encryption 52

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. But for those who get in front of the issues facing companies today, it will be a buyer’s market for a long time to come. Cloudy with a Chance of Extinction. Who is accountable?

Cyber Insurance 211

Cyber Insurance Insurance Hacking Passwords 211

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. of the company.

Data breaches 341

Data breaches Marketing Cyber Insurance InfoSec 341