Graham Cluley

MARCH 28, 2021

According to a statement posted on the firm’s website, CNA determined it had fallen foul of hackers on March 21: “Out of an abundance of caution, we have disconnected our systems from our … Continue reading "Cyber insurance giant CNA hit by ransomware attack".

Cyber Insurance 135

Cyber Insurance Insurance Ransomware Cybersecurity 135

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 95

Cyber Insurance Insurance Marketing Small Business 95

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

The Last Watchdog

JANUARY 20, 2020

To help mitigate the risk of financial losses, more companies are turning to cyber insurance. Related: Bots attack business logic Cyber insurance, like other forms of business insurance, is a way for companies to transfer some of numerous potential liability hits associated specifically with IT infrastructure and IT activities.

Cyber Insurance 171

Cyber Insurance Insurance Data breaches Risk 171

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. Growing losses from ransomware attacks have…emphasized that the current reality is not sustainable for insurers either.

Cyber Insurance 136

Cyber Insurance Insurance Ransomware Marketing 136

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 billion by 2030.

Insurance 121

Insurance Data breaches Cyber Insurance Marketing 121

CyberSecurity Insiders

MAY 1, 2023

This legal turn is supported by a study conducted by BakerHostetler, which confirms that lawsuits against companies that suffer data breaches are becoming more common and may increase by the end of this year. Now the big question: Is there any benefit in filing a lawsuit against the technology service provider for a data breach?

Data breaches 138

Data breaches Cyber Insurance Insurance Technology 138

eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. In addition, the U.S.

Cyber Insurance 126

Cyber Insurance Insurance Cyber Attacks Ransomware 126

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. Of course, the attackers aren’t necessarily limited to a ransomware strategy. They could also phish certain policyholders.

Cyber Insurance 128

Cyber Insurance Insurance Hacking Ransomware 128

Security Boulevard

AUGUST 2, 2021

An esteemed panel of subject matter experts will examine the research findings and discuss how organizations can better prepare to defend against and respond to a ransomware attack, and the full on-demand webinar can be found here. Recently, IBM came out with its Cost of a Data Breach Report 2021.

Data breaches 104

Data breaches Cyber Insurance Insurance Ransomware 104

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 94

Cyber Insurance Insurance Marketing Cyber Risk 94

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.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

CSO Magazine

JANUARY 24, 2023

CSI), followed by data breaches (23%), ransomware (20%) and a breach at a third party (15%). It was cited by 29% of respondents in a survey by Computer Systems Inc.

Cyber threats 111

Cyber threats Identity Theft Cyber Insurance Insurance 111

Duo's Security Blog

MAY 23, 2022

Cyber liability insurance can be a lifeline in the event of a major incident or breach. Cyber incidents rose 35% in 2020 with data breaches costing businesses an average of $4.24 million per year , resulting in cyber insurance premiums jumping up by 50-100%. Do you need it?

Insurance 80

Insurance Cyber Insurance Data breaches Backups 80

Adam Levin

JUNE 30, 2020

We’re not even halfway through 2020, and already it’s been a record-breaking year for ransomware attacks. No industry, category, size, or group is safe from this cyber scourge. Millions of inboxes have been hit with a variant of Avaddon ransomware. 1-99-employee companies are a target. What can CEOs do?

Ransomware 186

Ransomware Insurance Cyber Insurance Manufacturing 186

CyberSecurity Insiders

JANUARY 6, 2023

2022 clearly demonstrated that attacks on data represent the greatest cyber-threat organizations face. Notable data breaches took place at Microsoft, News Corp., Hence the coming year will inevitably see more data attacks with greater sophistication resulting in ever higher monetary and business losses.

Backups 136

Backups Ransomware Insurance Cyber Insurance 136

Security Affairs

JUNE 5, 2020

ST Engineering is the last victim of the Maze Ransomware operators that published their data on their leak website. The Maze ransomware operators announced the release of stolen data on their leak site. “Just like previous data leaks, the Cyble Research Team has also identified and verified this data leak.”

Engineering 123

Engineering Ransomware Cyber Insurance Insurance 123

SecureWorld News

AUGUST 18, 2020

The Carnival Corporation, which has canceled cruises for months now as a result of COVID-19, says one of its cruise brands was hit with a ransomware cyberattack. What do we know about the Carnival Cruises ransomware attack? Securities and Exchange Commission, notifying the SEC of the data breach. Remediation is underway.

Cyber Insurance 80

Cyber Insurance Ransomware Insurance Technology 80

Webroot

JULY 25, 2022

Cyber insurance becomes mainstream discussion. As cyberattacks have become more costly and more challenging to track, cyber insurance has gained prominence across the industry. The cyber insurance market is expected to reach around $20B by 2025.

Cyber Insurance 124

Cyber Insurance Insurance Marketing Phishing 124

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

Krebs on Security

AUGUST 29, 2019

PerCSoft , a Wisconsin-based company that manages a remote data backup service relied upon by hundreds of dental offices across the country, is struggling to restore access to client systems after falling victim to a ransomware attack. The ransomware attack hit PerCSoft on the morning of Monday, Aug. West Allis, Wis.-based

Backups 218

Backups Ransomware Insurance Encryption 218

Security Affairs

MAY 1, 2020

Maze Ransomware operators claim to have gained access to the network of Banco BCR of Costa Rica and stolen 11 million credit card credentials. Maze Ransomware operators claim to have hacked the network of the state-owned Bank of Costa Rica Banco BCR and to have stolen internal data, including 11 million credit card credentials.

Ransomware 136

Ransomware Banking Cyber Insurance Advertising 136

Graham Cluley

MAY 20, 2021

Yes, you read that correctly. FORTY MILLION DOLLARS.

Cyber Insurance 142

Cyber Insurance Insurance Ransomware Data breaches 142

Heimadal Security

JULY 5, 2021

A September 2020 AJG data breach has been reported by the company itself, affecting a number of the insurance company’s systems. Customer data stored on the compromised systems might have been leaked or stolen in a ransomware attack that happened on the 26th of September 2020. Back […].

Insurance 59

Insurance Data breaches Ransomware Cyber Insurance 59

Security Boulevard

NOVEMBER 24, 2023

Denial of service attacks were once popular but were superseded by data breaches, which cause much more damage. Recently, attackers expanded their repertoire to include ransomware-style attacks that increased the insurable losses ever higher. Variances and unpredictability make insurers nervous.

Insurance 70

Insurance Risk Cyber Insurance Cybersecurity 70

Malwarebytes

JANUARY 26, 2022

Due to the evolving and growing impact of cybersecurity incidents there are some questions starting to arise about the way that insurance companies deal with the costs that are the results of such incidents. But cyber insurance comes in different flavors and sizes. An act of war? Lloyd’s of London.

Insurance 87

Insurance Cyber Insurance Ransomware Data breaches 87

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

The Pain of Double Extortion Ransomware divya Thu, 02/16/2023 - 06:10 Ransomware perpetrators are adopting more sophisticated attack techniques with much success. Ransomware attacks have become much more dangerous and have evolved beyond basic security defenses and business continuity techniques like next-gen antivirus and backups.

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

Malwarebytes

JANUARY 15, 2023

The real world impact of cybercrime rears its head once more, with word that 14 schools in the UK have been caught out by ransomware. There’s no word if any of the schools affected paid the ransom and had their data leaked anyway, or if the ransomware gang stuck to its word and “only” leaked in cases of non-payment.

Ransomware 77

Ransomware Backups Education VPN 77

CSO Magazine

AUGUST 16, 2022

The cost calculator for cyberattacks takes into account general data—like revenue, number of employees, vertical, headquarters location and the types of records stores—to arrive at an “annual loss expectancy” figure, according to vice president of AI and cyber insurance at Safe Security, Pankaj Goyal.

Risk 61

Risk Cyber Insurance Insurance Data breaches 61

Joseph Steinberg

AUGUST 5, 2021

Likewise, if you purchase appropriate first-party insurance, your insurance policy should cover the relevant losses – as the losses are borne directly by the policyholder (your business). iBynd also has a first-of-its-kind Personal Cyber Insurance offering that it delivers directly to consumers through CyberInsurancePlus.com.

Insurance 141

Insurance Risk Data breaches Artificial Intelligence 141

CyberSecurity Insiders

APRIL 23, 2021

Initially, the channel claimed that it was a disruption caused because of some technical difficulties, but later confirmed the cyber incident. Harris Federation Cyber Attack- A ransomware attack targeted educational institute Harris Federation disrupting online studies and correspondence to nearly 37K students in March 2021.

Cyber Attacks 145

Cyber Attacks Insurance Cyber Insurance Ransomware 145

Security Affairs

FEBRUARY 25, 2024

Uninstall it immediately Microsoft Exchange flaw CVE-2024-21410 could impact up to 97,000 servers ConnectWise fixed critical flaws in ScreenConnect remote access tool More details about Operation Cronos that disrupted Lockbit operation Cactus ransomware gang claims the theft of 1.5TB of data from Energy management and industrial automation firm Schneider (..)

Spyware 94

Spyware Cyber Insurance Hacking Advertising 94

IT Security Guru

MAY 24, 2023

It helps to protect your organisation, workforce and clients from cyber-attacks. By doing this, you are reducing the chance of identity theft, data breaches, ransomware, and many other types of cyber threats. Cybersecurity is critical to any company. Invest in some cost-effective cybersecurity.

Cybersecurity 42

Cybersecurity Cyber Insurance Cyber threats Identity Theft 42

Security Boulevard

MAY 12, 2022

Even with the advancements in network isolation, containment, and prevention at the endpoint, hackers will still bypass predictive controls to execute malware attacks, ransomware exploits, account takeovers.etc. What Is Not Covered Under Cyber Insurance? Below is a list of adaptive controls needed for cyber insurance.

Cyber Insurance 104

Cyber Insurance Insurance Marketing Firewall 104

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?

Cyber Insurance 88

Cyber Insurance Insurance Data breaches Phishing 88