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 But there’s a catch: Insurers are going to carefully assess your cybersecurity controls before writing any policy, and there are limits to coverage. million and climbing.
SC Magazine
MAY 19, 2021
The development of cybersecurity insurance has played an important role in determining how companies prepare for and respond to ransomware attacks and the resulting fallout. That in itself has evolved, as insurers and insured learn just how expensive that fallout can be. The ransomware reality check for insurers.
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eSecurity Planet
OCTOBER 18, 2021
A lawsuit working its way through the courts could have a lot to say about the liabilities facing organizations that have been hit by ransomware attacks – and could have implications for cybersecurity preparation and regulation in general. Hospital’s Operations Hit by Ransomware. ” Cyber Insurance No Longer Reliable.
SecureWorld News
MAY 5, 2023
The City of Dallas, Texas, was forced to shut down police communications and IT systems on Monday morning, May 1, due to a suspected ransomware attack. Subsequently, the City has confirmed that a number of servers have been compromised with ransomware, impacting several functional areas, including the Dallas Police Department Website."
The Last Watchdog
OCTOBER 5, 2023
Erin: What are some of the biggest cyber threats that businesses face today? Byron: The economic impact of phishing, ransomware, business logic hacking, Business Email Compromise (BEC) and Distributed Denial of Service (DDoS) attacks continues to be devastating. Erin: How has the ransomware threat evolved in recent years?
SC Magazine
FEBRUARY 8, 2021
The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. Over the last few years, Brozek said, “the awareness has grown, as more people, and not just corporations are feeling the effects and consequences” of stolen medical data stolen and credit card details – and worse.
The Last Watchdog
APRIL 30, 2019
The CSF’s core principles have been incorporated into Europe’s GDPR , NYDFS’s cybersecurity requirement s, California’s Consumer Privacy Act and Ohio’s Data Protection Act. And they echo through a wide variety of other risk assessment tools and initiatives that touch on third-party risks and data privacy. Wrenn said. “So
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