eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. According to the Ponemon Institute and IBM, the global average cost of a data breach is $4.24 As the number and severity of data breaches continues to rise, organizations are recognizing that those costs are not theoretical. Cyber Insurance is Booming.

Cyber Insurance 119

Cyber Insurance Insurance Marketing Small Business 119

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. And 95 per cent of breaches are financially motivated, the report found. When is a cybersecurity incident a GDPR data breach?

Social Engineering 52

Social Engineering Data breaches Scams DDOS 52

Security Boulevard

MAY 12, 2022

Phishing attacks? With sweeping speed, users across the world grew in the millions thanks to Mr. 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?

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Cyber Insurance Insurance Marketing Firewall 105

SecureList

NOVEMBER 9, 2022

Phishing attacks are going to become even more sophisticated, since a lot of basic tactics have already been tried this year, and businesses learned to repel those. As such, we anticipate a booming cyber insurance industry as many organizations heed these warnings and seek to guard against ransomware attacks.

Cybersecurity 121

Cybersecurity Cyber Insurance Cybercrime IoT 121

Malwarebytes

JULY 10, 2022

So, your business has just suffered a data breach and it’s time to dig deep in your pockets to pay all the resulting expenses. Without cyber insurance , you can expect to pay a dizzying amount of cash. Here are four ways your business can save money on its insurance. How is cyber insurance priced?

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Cyber Insurance Insurance Data breaches Phishing 91

Adam Levin

MARCH 16, 2020

That is exponentially more expensive than other cyber events. Consider that the average cost for a ransomware attack against a business is about $4,400, and your run of the mill phishing incident weighs in at a much less hefty $500. 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

Security Affairs

FEBRUARY 8, 2024

Cyber Crime Surge: During COVID-19 , cyber crimes shot up by 600%, showing how threats adapt to global changes. 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

Social Engineering 125

Social Engineering Cyber Insurance Cyber Attacks IoT 125