Schneier on Security

JUNE 7, 2023

New paper: “ Lessons Lost: Incident Response in the Age of Cyber Insurance and Breach Attorneys “: Abstract: Incident Response (IR) allows victim firms to detect, contain, and recover from security incidents. It should also help the wider community avoid similar attacks in the future.

Cyber Insurance

SecureWorld News

MARCH 20, 2024

In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network. Here, cyber insurance serves as an invaluable safety net by offering essential financial coverage and support services in the event of a ransomware attack occurring.

Cyber Insurance

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. Moreover, understanding the “scope of the incident, with the type and volume of data impacted, is paramount when a cyber incident occurs.

Cyber Insurance

Malwarebytes

APRIL 27, 2022

Personal insurance plans are slowly becoming a more visible and talked about topic. I’m fascinated to see talk of personal cyber insurance , in an area dominated by business. The plans referenced in the article are for people seeking cyber insurance in India. A brave new world, or same-old same-old?

Cyber Insurance

Security Affairs

JUNE 5, 2020

“As per our researchers, this data leak includes the company’s cyber insurance documents, various contract calculations worksheets, NASA give review rules, and much more.” . “Just like previous data leaks, the Cyble Research Team has also identified and verified this data leak.”

Engineering

SC Magazine

APRIL 23, 2021

For example, they’re used in boardrooms as “eye candy” to portray the state of company cyber-risk, with supply chain partners to manage third-party risk and, even more frightening, by insurance companies to create risk profiles for cyber-insurance policies. Does it truly reflect the security of the company? Usually not.

Cyber Insurance

Krebs on Security

AUGUST 29, 2019

-based PerCSoft is a cloud management provider for Digital Dental Record (DDR), which operates an online data backup service called DDS Safe that archives medical records, charts, insurance documents and other personal information for various dental offices across the United States. ” Read the full ProPublica piece here.

Backups

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. eflon CreativeCommons CC BY 2.0.

Insurance

Krebs on Security

JULY 24, 2018

Verizon also told the bank that the malware the attackers used to gain their initial foothold at the bank in the 2017 breach was embedded in a booby-trapped Microsoft Word document. “The serious brokers who are out there selling cyber insurance all say the same thing: Have an expert help you to write your policy,” she said.

Banking

Security Affairs

MAY 1, 2020

Anyway, the group explained that they did not encrypt the bank documents in February, because it “was at least incorrect during the world pandemic” The stolen data includes 4 million unique credit card records, and 140,000 allegedly belonging to USA citizens. ” reads a post published by Cyble.

Ransomware

Adam Levin

JUNE 30, 2020

High-profile entertainment law firm Grubman Shire Meiselas & Sacks suffered a one-two punch of infection via REvil ransomware followed by a dark web auction of the firm’s client documents. Small companies get hit all the time, but when they go out of business as a result it’s not news. What can CEOs do?

Ransomware

Troy Hunt

MARCH 2, 2020

These were companies spanning all sorts of different industries; big tech, general infosec, antivirus, hosting, finance, e-commerce, cyber insurance - I could go on. We spent months preparing the document, regularly working until all hours to flesh it out as comprehensively as possible. The point is the net was cast very wide.

Data breaches

Security Affairs

FEBRUARY 8, 2024

Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Cyber Skills Gap: By 2025, there could be 3.5 million unfilled cyber security jobs, showing a big need for skilled professionals. Data Breach Costs: The average global cost of a data breach in 2023 was $4.45 million per breach.

Social Engineering

CyberSecurity Insiders

DECEMBER 6, 2022

Someone in IT places a phone call and gets asked whether the company has cyber insurance. Your IR plan should contain the contact information for everyone who might be needed, from your service providers to key employees to outside counsel to, yes, the insurance provider. Include contact information.

Insurance

Security Affairs

JULY 8, 2019

The good news is that La Porte County has a cyber insurance that will cover part of the costs sustained to restore the activity after the attack. “Mullen Coughlin will also assist in preparing documentation to report the attack to the FBI and other appropriate law enforcement agencies, Kora said.” ” Kora added.

Government

Cisco Security

JANUARY 10, 2023

As a result of this, next year we could see CISOs tightening up the disclosure decision making process, focusing on quicker and greater clarity on breach impact, and even looking to include personal liability cover in cyber insurance contracts. Increasing demands from insurers.

CISO

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

Malwarebytes

JANUARY 15, 2023

The schools, attacked by the group known as Vice Society, have had multiple documents leaked online in the wake of the attack. Other, unnamed confidential documents were seen which belong to a variety of other schools from across all parts of the UK. One school reports roughly 18,680 documents having been stolen.

Ransomware

eSecurity Planet

OCTOBER 5, 2021

These types of contracts can be made with key customers that require a response to be documented in a certain fashion or handled by vendors certified to perform forensics. Sometimes organizations enter into contractual agreements that specifically determine how they need to respond to a ransomware incident.

Ransomware

CyberSecurity Insiders

OCTOBER 26, 2022

From a budgetary standpoint, ransom payments and cyber insurance premiums have continued to rise over time. The plan should carefully document security controls and include proactive steps to manage supply chain partner risk. Organizations should develop a comprehensive incident response plan.

Ransomware

SecureWorld News

DECEMBER 1, 2022

Well documented policies and standards for employees (data handling). Cyber insurance (critical). Training for employees (awareness). Privacy training, specifically. Enterprise endpoint protection and remediation (anti-malware, anti-virus software). Endpoint encryption for all laptops. Intrusion detection and response.

InfoSec

Malwarebytes

SEPTEMBER 12, 2022

For further reading, see this document. In addition to an EDR solution, we recommend cyber insurance to mitigate worst-case scenarios. Document systems pre- and post-patching. Documenting the state of your systems before and after a patch is applied is essential. Test the patch stability.

Cyber Insurance

Security Boulevard

JULY 30, 2022

In that case, they may upload fake documents that tell employees to transfer money from their accounts into the criminals’ accounts or compromise their security even more. Will cyber insurance continue to be an option that organizations can rely on? Distortion hacks are becoming more common.

Cyber Attacks

Webroot

SEPTEMBER 24, 2024

For consumers: Keep personal backups of important files (photos, documents, etc.) presidential election in fall 2024, the cyber landscape is expected to get even more dangerous. Cyber insurance might also be worth looking into as an additional safety net. on an external drive or in the cloud.

Cyber threats

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

BH Consulting

JUNE 22, 2021

Often, they also want bidders to produce supporting documents like the executive summary of a penetration test report. Sometimes, contracts or proposals ask suppliers for both cybersecurity insurance and documented security controls. What security measures will the insurance company ask you to have?

Insurance

SecureWorld News

JUNE 18, 2020

MaxLinear remained firm even as Maze began to leak "teaser" documents it stole during the attack to increase payment pressure, a common tactic used in this form of ransomware: "On June 15, 2020, the attacker released online certain proprietary information. We have no plans to satisfy the attacker's monetary demands.".

Ransomware

Malwarebytes

DECEMBER 20, 2022

There is no indication how much data has been stolen, but the listing mentions “Private, personal data, clients documents, passports, ID, etc” The proposed publication date for some or all of these files should demands not be met is currently tagged as December 27.

Ransomware

SC Magazine

JULY 2, 2021

For the Impact Advisors, many providers engage with their cyber insurance provider to assist with the breach response efforts. Further, entities should proactively engage with cyber insurers, many of which will provide free tabletop exercises. “We

Insurance

SecureWorld News

MAY 28, 2020

If you've purchased life insurance, you may have decided on a policy with the help of their technology. Compulife and NAAIP are direct competitors in a niche industry: they both generate life insurance quotes for brokers who sell insurance. Hacker hired to perform corporate espionage. Cybersecurity podcast.

Insurance

Duo's Security Blog

JUNE 9, 2022

Or, check out some additional resources we’ve compiled, like: Cyber Liability Insurance: What You Need to Know , a helpful guide for organizations considering cyber insurance An overview of Duo’s device visibility features Documentation for the Duo Device Health Application.

Insurance

Digital Shadows

OCTOBER 14, 2024

English-speaking countries, particularly the US, UK, Canada, and Australia, have well-developed insurance markets and higher cybersecurity awareness, resulting in higher ransomware insurance adoption. However, some cyber insurance policies explicitly forbid ransom payments.

Ransomware

Cytelligence

JANUARY 27, 2020

Unfortunately, the citizens of the country had to pay the ransom as the city had no cyber insurance. Having cyber insurance meant the city only had to pay a small fee to get their systems back up and running. Having cyber insurance meant the city only had to pay a small fee to get their systems back up and running.

Ransomware

eSecurity Planet

FEBRUARY 16, 2021

Attackers can fool even sophisticated users into clicking on an invoice they are expecting, or a photograph that is ostensibly from someone they know, or a document that appears to have come from their boss. If the attacker is determined, it is almost impossible to prevent them from finding a way to entice an employee. Block Executables.

Ransomware

eSecurity Planet

AUGUST 9, 2022

In one example several years ago, a Massachusetts hospital discontinued its practice of clearly labeling large trash receptacles dedicated to the disposal of documents containing HIPAA-protected patient PII. While the practice may have enhanced actual compliance, it also advertised to identity thieves precisely where to look.

Data privacy

SecureWorld News

NOVEMBER 22, 2021

Unless you're in a special situation, it can be as simple as stating: "The Business Email Compromise Incident Response Plan (BEC-IRP) documents the strategies, personnel, procedures, and resources required to respond to a BEC incident. If you have cyber insurance, will it cover some or all BEC incidents?

Scams

SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. Financial risks and consequences Various cyberattacks on nonprofits can lead to direct financial losses through stolen funds or ransom demands.

Cybersecurity