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

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

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

Duo's Security Blog

OCTOBER 7, 2022

It will be unsurprising that because of this demand, insurers are particularly careful how they build their policies to minimize their risk from large cyber events. This is especially true if the company looking for cover hasn’t taken adequate enough steps to minimize cyber risks itself.

Small Business 93

Small Business Cyber Insurance Insurance Cyber Risk 93

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

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

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

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

Centraleyes

MAY 6, 2024

The insurance industry is built on handling our own and everyone else’s risks. As artificial intelligence shatters glass ceilings, the risks it introduces present a new paradigm to the insurance market in many different areas. In short, the AI wave is already transforming how insurance companies do business.

Insurance 52

Insurance Artificial Intelligence Cyber Insurance Marketing 52

CyberSecurity Insiders

DECEMBER 14, 2022

Brendan understands what clients are grappling with today when it comes to managing cyber risk and how this area of risk is evolving,” said Michael Cusack, Executive Vice President, Alliant Specialty. His extensive experience and knowledge in this space will help as we formalize and expand our cyber offerings.”.

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. A maturing model. billion in premium.

Insurance 126

Insurance Cyber Insurance Cybersecurity Government 126

Krebs on Security

DECEMBER 12, 2018

For years, potential creditors have judged the relative risk of extending credit to consumers based in part on the applicant’s credit score — the most widely used being the score developed by FICO , previously known as Fair Isaac Corporation. Data accidentally released by FICO about the Cyber Risk Score for ExxonMobil.

Cyber Risk 195

Cyber Risk Energy and Utilities Risk Marketing 195

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. The report contains analysis from 16,312 security incidents, of which 5,199 were confirmed breaches.

Social Engineering 52

Social Engineering Data breaches Scams DDOS 52

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

SecureList

NOVEMBER 9, 2022

The ongoing geopolitical storm brings not only classical cyberthreats for business, but also unpredictable risks and ‘black swans’ The main problem for 2023 will be supply-chain stability and cybersecurity. In 2023, we might see a slight decline in ransomware attacks, reflecting the slowdown of the cryptocurrency markets.

Cybersecurity 120

Cybersecurity Cyber Insurance Cybercrime IoT 120

BH Consulting

JUNE 22, 2021

Organisations are coming under increasing pressure to take out cybersecurity insurance cover. Also known as cyber risk insurance, it’s now a prerequisite in some public sector tenders. You could argue cybersecurity insurance is useful because it makes people think of business risk, not just IT problems.

Insurance 83

Insurance Cybersecurity Cyber Insurance Cyber Risk 83

Security Boulevard

JANUARY 18, 2024

Cybersecurity risks increase every year and bludgeon victims who fail to prepare properly. For those interested in a better understanding of the oncoming risks, this is the information you are looking for. It can feel like crossing a major highway while blindfolded. Many never see the catastrophe about to happen, until it occurs.

Risk 115

Risk Cybersecurity CISO Technology 115

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. This is where MSSPs like Herjavec Group accel.

Digital transformation 81

Digital transformation Computers and Electronics Cyber Insurance Insurance 81

Cytelligence

FEBRUARY 4, 2020

Acquisition combines Aon’s industry-leading investment in cyber security with Cytelligence’s unique technical expertise in incident response and digital forensics services to strengthen Aon’s cyber security client value proposition. 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

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. These methods provide significant security risks for businesses of all sizes.

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

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

While leveraging cyber-liability insurance has become an essential component of cyber-risk mitigation strategy, cyber-liability offerings are still relatively new, and, as a result, many parties seeking to obtain coverage are still unaware of many important factors requiring consideration when selecting a policy.

Insurance 258

Insurance Cyber Insurance Artificial Intelligence Cybersecurity 258

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. Updating the composite risk scoring.

Information Security 98

Information Security Technology Marketing Cyber Insurance 98

eSecurity Planet

MARCH 17, 2023

From there, these tools send alerts to security teams if and when risks are identified. Rootkit scanners tend to be some of the most inexpensive security solutions on the market; many are even free. A growing segment of companies is turning to more advanced threat detection solutions like threat intelligence platforms (TIPs).

Network Security 115

Network Security Penetration Testing Firewall Antivirus 115

BH Consulting

SEPTEMBER 7, 2022

As demand for cyber risk insurance increases, two recent developments could have policyholders scrambling to check their cover. In the United States, a judge dismissed a claim against an insurance company that refused to pay extra for losses due to business email compromise. 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

Whether it is synchronized files from on-premises to cloud environments or the risk of encryption of cloud email, ransomware is a real threat to your data. 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

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

eSecurity Planet

JANUARY 11, 2022

We’ll start with the top 10 overall and then look at other noteworthy startups in a number of markets. Boasting itself as the world’s first Code Risk Platform, Apiiro Security offers risk visibility across design, code, and cloud segments. Top 10 Cybersecurity Startups. Series A BluBracket 2019 Palo Alto, CA 27 $18.5

Cybersecurity 142

Cybersecurity Threat Detection Artificial Intelligence Risk 142

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

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. The rising rate of automation in the software development process could also be creating new holes.

Software 120

Software Hacking Government Cyber Insurance 120