Security Boulevard

MAY 12, 2022

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? For organizations seeking cyber insurance, the road for predictable security runs in parallel.

Cyber Insurance

SecureList

NOVEMBER 9, 2022

Given the continued surge of ransomware attacks, which soared 288% in the first half of 2022 alone, the need for cyber insurance will be a bigger priority, especially in the SMB market. As such, we anticipate a booming cyber insurance industry as many organizations heed these warnings and seek to guard against ransomware attacks.

Cybersecurity

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

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

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

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

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

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

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

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

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

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

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

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

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