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

The Hacker News

JULY 6, 2023

As technology advances and organizations become more reliant on data, the risks associated with data breaches and cyber-attacks also increase. The introduction of data privacy laws, such as the GDPR, has made it mandatory for organizations to disclose breaches of personal data to those affected.

Cyber Insurance 82

Cyber Insurance Insurance Data privacy Data breaches 82

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 71

Small Business Cyber Insurance Insurance Cyber Risk 71

Centraleyes

MARCH 28, 2024

Coalition, a leader in cyber insurance, has added a positive endorsement for artificial intelligence (AI) to its cyber insurance plans for the US and Canada. The endorsement expands the definition of a security failure or data breach to include events caused by artificial intelligence.

Artificial Intelligence 52

Artificial Intelligence Cyber Insurance Insurance Technology 52

Joseph Steinberg

AUGUST 5, 2021

One of the important concepts about which people must be aware when evaluating their cybersecurity postures and related liabilities, but which, for some reason, many folks seem to be unaware, is the difference between first-party risks and third-party risks. First-Party Risks And Coverage. Third-Party Risks And Coverage.

Insurance 141

Insurance Risk Data breaches Artificial Intelligence 141

SecureWorld News

MARCH 28, 2024

Department of Treasury on March 27th released a report titled "Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector." Data Security Concerns: AI systems rely heavily on data. The Treasury Department recognizes the importance of proactively addressing these risks.

Risk 74

Risk Artificial Intelligence Cybersecurity Financial Services 74

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

Webroot

JULY 25, 2022

Threat intelligence solutions using AI/ ML technologies can prevent false positives and reduce alert fatigue – helping cybersecurity professionals focus on strategic priorities instead of spending all their time reacting to security alerts and potential incidents. Cyber insurance becomes mainstream discussion.

Cyber Insurance 124

Cyber Insurance Insurance Marketing Phishing 124

SecureWorld News

AUGUST 23, 2023

This morning, Critical Start released its first ever Cyber Risk Landscape Peer Report , which explores some of the major concerns and challenges currently confronting cybersecurity leaders as they manage risk within their organizations. Here are some comments on the cyber risk landscape from cybersecurity vendor experts.

Cybersecurity 69

Cybersecurity Cyber Risk Risk Cyber Insurance 69

SecureWorld News

AUGUST 18, 2020

Securities and Exchange Commission, notifying the SEC of the data breach. Hackers exfiltrated (removed) some data. The unauthorized access also included the download of certain of our data files. Ransomware attacks: another argument for cyber insurance? Hackers encrypted some files. Remediation is underway.

Cyber Insurance 79

Cyber Insurance Ransomware Insurance Technology 79

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. Most modern companies share information via communications technology all the time in order to do business.

Cybersecurity 43

Cybersecurity Cyber Insurance Cyber threats Identity Theft 43

Centraleyes

APRIL 8, 2024

High-profile data breaches have made data protection and privacy a hot subject. Hackers use more sophisticated methods to break network defenses and steal sensitive data on a large scale. Malicious actors target personal data because of its value. The consequences of data breaches go beyond financial impact.

Data privacy 52

Data privacy Unstructured Data Data breaches Government 52

SC Magazine

FEBRUARY 8, 2021

The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. Citing cybersecurity insurance as an important “component that businesses are investing in as a layer of protection,” Muldoon said no business should be operating without it. A maturing model. billion in premium.

Insurance 126

Insurance Cyber Insurance Cybersecurity Government 126

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 89

Cyber Insurance Insurance Data breaches Phishing 89

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

Adam Levin

JUNE 30, 2020

For instance, 71 percent of respondents said companies shouldn’t pay ransoms to hackers, but 55 percent wanted businesses to pay a ransom if their own personal data was at risk. Preventing data breaches and implementing adequate cybersecurity safeguards was a daunting assignment even before the Covid-19 pandemic.

Ransomware 186

Ransomware Insurance Cyber Insurance Manufacturing 186

SecureWorld News

JANUARY 21, 2024

Phishing attacks, for instance, are extremely common: these are deceptive emails or messages designed to steal data. Ransomware is another significant threat, where attackers encrypt an organization's data and demand payment for its release.

Cybersecurity 86

Cybersecurity Backups Cyber threats Software 86

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 188

Cyber Risk Energy and Utilities Risk Marketing 188

Malwarebytes

SEPTEMBER 30, 2022

And a key part of building out any cybersecurity policy for your local government is to develop an organizational understanding of risk to systems, people, data, and so on. Take cyber insurance , for example. CISA, GSA, and the National Institute of Standards and Technology (NIST) help monitor for issues in the namespace.

Government 59

Government Cybersecurity Cyber Insurance Insurance 59

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

Centraleyes

MARCH 19, 2024

Critical considerations include assessing business recovery risks, ensuring employee safety, and mitigating financial losses. Organizations need to prepare for the future of work by investing in collaboration tools and technology that foster adaptability. In the event of a security breach, an IRP ensures rapid response.

Risk 52

Risk Backups Technology Cyber threats 52

Joseph Steinberg

JULY 8, 2021

Ironically, while many larger enterprises purchase insurance to protect themselves against catastrophic levels of hacker-inflicted damages, smaller businesses – whose cyber-risks are far greater than those of their larger counterparts – rarely have adequate (or even any) coverage.

Insurance 363

Insurance Cyber Insurance Cybersecurity Small Business 363

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. 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

eSecurity Planet

AUGUST 9, 2022

GDPR, the EU’s flagship data privacy and “right to be forgotten” regulation, has made the stakes of a data breach higher than ever. See the Top Governance, Risk and Compliance (GRC) Tools. Healthcare Data Privacy Laws. Health data and patient data in the U.S. Financial Data Protection Laws.

Data privacy 145

Data privacy Encryption Data breaches Insurance 145

SC Magazine

MAY 28, 2021

No, this was not an infection of the operational technology for Colonial Pipeline… but a shutdown resulted nonetheless. That distinction is important for identifying risk. “It’s an interesting world because in [industrial control systems], those who are holding the risk are not the ones who are managing the risk.

Insurance 117

Insurance Government Ransomware Risk 117

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 113

Risk Cybersecurity CISO Technology 113

Herjavec Group

FEBRUARY 18, 2021

Now, looking back, there isn’t a person on planet earth who would say that the cell phone is not an ‘obvious’ piece of technology. Teleportation is a building block for a wide range of technologies. Welcome to the information technology storm. Now, it’s obvious. We’re still waiting on the teleporters. The research is under way.

Digital transformation 81

Digital transformation Computers and Electronics Cyber Insurance Insurance 81

SC Magazine

JULY 2, 2021

An exterior view of the Anthem Health Insurance headquarters. About 80 million company records were accessed in one of the largest health care data breaches. Other major settlements stemmed from covered entities that failed to provide adequate breach notification. This trend is not so good.”.

Insurance 88

Insurance Cyber Insurance Data breaches Media 88

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

Double extortion complicates the picture for the victims because even if you pay, there is no guarantee that they won't keep coming back to ask for more money at a future date because the attacker will still have your data. These methods provide significant security risks for businesses of all sizes.

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

Malwarebytes

SEPTEMBER 14, 2022

This article focuses on helping to prevent cyberattacks purely through technology; though of course, businesses need a combination of technology, people, and strategy to truly become cyber resilient. That being said, security experts advise against relying solely on a single technology or technique to protect business endpoints.

Technology 66

Technology DNS Cyber Insurance Insurance 66

Security Affairs

FEBRUARY 8, 2024

26 key cyber security stats for 2024 that every user should know, from rising cyber crime rates to the impact of AI technolog y. Cyber Crime Surge: During COVID-19 , cyber crimes shot up by 600%, showing how threats adapt to global changes. Data Breach Costs: The average global cost of a data breach in 2023 was $4.45

Social Engineering 124

Social Engineering Cyber Insurance Cyber Attacks IoT 124

eSecurity Planet

MARCH 17, 2023

From there, these tools send alerts to security teams if and when risks are identified. Vulnerability management is handled not only by cybersecurity and IT teams but by cross-functional teams that understand how assets are used across the organization.

Network Security 120

Network Security Penetration Testing Firewall Antivirus 120

Security Boulevard

JUNE 26, 2022

Cost of Breach Could Be Greater Than The Expected Cost Savings. IBM’s annual Cost of a Data Breach study revealed a single data breach could cost a company up to $3.29 That $3.29, even with cyber insurance, is still a significant hit to the organization’s bottom line.

Information Security 98

Information Security Technology Marketing Cyber Insurance 98

Pen Test

OCTOBER 10, 2023

Double extortion introduces catastrophic risks of data breach and loss of customer trust if sensitive information gets leaked publicly. Even just the notification of a data breach can harm an organization's reputation and bottom line. Have notification procedures and press releases ready.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52

Duo's Security Blog

JUNE 21, 2021

While the risk of an employee clicking on a foreign prince’s secret gold offer may be past us, modern-day technologies have evolved and expanded in today’s remote work and IoT-connected settings. Kind of like how your car insurance needs to know your location, make and model, and how many teenagers will be behind the wheel.

Insurance 86

Insurance Cyber Insurance Data breaches Social Engineering 86

Duo's Security Blog

JULY 11, 2022

In this mix, we now have an increasing level of cybersecurity attacks, which not only put personal data at risk, but also threaten to stop the operations of an institution altogether. Look for an MFA solution that will work with the widest variety of technologies and skill levels. Consider these factors when implementing MFA.

Education 52

Education Insurance Cyber Insurance Government 52

eSecurity Planet

OCTOBER 5, 2021

This is particularly true of server protection, where, as Symantec Endpoint Security VP and General Manager Adam Bromwich notes, “traditionally IT has not turned on all the protection technologies available to them. Is the attack small enough that we do not need to file a cyber insurance claim? Assess for data breach.

Ransomware 131

Ransomware Backups Insurance Cyber Insurance 131