Digital Shadows

OCTOBER 14, 2024

Major developments this quarter include “Play” transitioning from double-extortion tactics to targeting ESXi environments and the cybersecurity firm Fortinet experiencing a data breach in which 440GB of customer data was compromised. However, some cyber insurance policies explicitly forbid ransom payments.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

Adam Levin

MARCH 16, 2020

“The scam is frequently carried out when a subject compromises legitimate business email accounts through social engineering or computer intrusion techniques to conduct unauthorized transfers of funds.” 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

Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. High-privileged accounts enhance attackers’ ability to access unauthorized data, potentially causing data breaches and operational disruptions.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

Security Boulevard

JUNE 26, 2022

Hackers and cyber criminals also read the news. Many hacker groups will even approach social engineering to see if anyone in IT or SecOps knows if any layoffs are coming. Cost of Breach Could Be Greater Than The Expected Cost Savings. Going Public With Financial News Also Draws More Attention From Hacker Community.

Information Security 98

Information Security Technology Marketing Data breaches 98

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

eSecurity Planet

MARCH 17, 2023

Examples of threatening traffic that IDPS solutions can combat include network intrusions, DDoS attacks, malware, and socially engineered attacks. 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 121

Network Security Penetration Testing Firewall Antivirus 121

Hacker's King

OCTOBER 10, 2024

This proactive approach is highly valued in industries where data breaches could be catastrophic. Cyber Insurance Partnerships Cyber insurance is becoming a must-have for businesses worldwide. Clients pay cybersecurity companies for these tests to expose flaws in their systems.

Cybersecurity 52

Cybersecurity Cyber Insurance Insurance Penetration Testing 52

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. Businesses will need to demonstrate cyber risk management to get the best premiums.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52

Security Boulevard

JANUARY 18, 2024

Recovery from supply chain attacks will cost 3x-5x more as compared to data breaches. Attackers will leverage AI for more scalable and effective social engineering attacks, disinformation campaigns, vulnerability discovery, and exploit amplification. Nation-state attacks on supply chains will double in 2024. In 2024: 1.

Risk 115

Risk Cybersecurity CISO Technology 115

Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. High-privileged accounts enhance attackers’ ability to access unauthorized data, potentially causing data breaches and operational disruptions.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

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. cyber insurance as a whole was changing heavily. And why is that? It started off pretty easy to get.

Internet 40

Internet Internet Insurance Cyber Insurance 40

Duo's Security Blog

JUNE 21, 2021

According to Verizon’s most recent Data Breach Incident Report , instances of advanced ransomware have doubled in the past year, alongside major upticks in phishing attacks and social engineering. The advancing ransomware business is a threat not just for the big guys, but for organizations of every size.

Insurance 105

Insurance Cyber Insurance Data breaches Social Engineering 105

BH Consulting

SEPTEMBER 7, 2022

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. The company sought $600,000 to cover its losses but its social engineering fraud policy had a cap of $100,000. And the cyber insurance market keeps growing.

Insurance 40

Insurance Social Engineering Cyber Risk Cyber Insurance 40

Jane Frankland

JANUARY 12, 2025

These groups are also shifting toward more human-centric exploits , like social engineering and insider assistance. With 24% of all data breaches using ransomware, this commoditisation of cybercrime significantly broadens the field, resulting in a sharp increase in the frequency and variety of attacks.

Cybersecurity 130

Cybersecurity CISO Insurance IoT 130

BH Consulting

MAY 29, 2025

Drawing on reports from the World Economic Forum, the Verizon Data Breach Investigations Report and Hiscox Insurance, Brian painted a picture of what that dark side looks like. Supply chain breaches are also becoming more frequent. Ransomware and business email compromise are constant threats against many businesses.

Scams 59

Scams Passwords Insurance Cyber Insurance 59