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. And, as my guest will say later in this podcast, these virtual SOCs are like pen testing the internet.

Internet 40

Internet Internet Insurance Cyber Insurance 40

SecureWorld News

AUGUST 21, 2020

The end result was hefty payment: "After careful consideration, the university decided to work with its cyber insurance provider to pay a fee to the ransomware attacker. This was done as a proactive and preventive step to ensure information was not released on the internet.". And number one is cyber insurance.

Ransomware 76

Ransomware Cyber Insurance Insurance Backups 76

NetSpi Executives

APRIL 27, 2024

An attacker can easily scan the internet for websites that haven’t patched a vulnerability for which the attacker has an exploit. In addition to encrypting data and holding it hostage, ransomware attackers also upload valuable data to other systems on the internet. Some can’t afford not to pay, and some are covered by cyber insurance.

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

SecureList

NOVEMBER 9, 2022

Businesses most at risk are aerospace and defense contractors, as well as critical infrastructure operators (utilities such as water, electricity, and Internet, but also hospitals and operators of large cyber-physical systems such as dams). What cybersecurity challenges will industries face next year? Ransomware as a service (RaaS).

Cybersecurity 128

Cybersecurity Cyber Insurance Cybercrime IoT 128

Jane Frankland

DECEMBER 7, 2023

which already account for 73% of Internet traffic will surge. Growth will be driven by awareness and education, with organisations recognising the importance of educating employees about cybersecurity best practices and empowering them to make security-conscious decisions. Instead, they’ll be questioning can they afford not to.

Cybersecurity 130

Cybersecurity Cyber threats Insurance Artificial Intelligence 130

SC Magazine

JULY 13, 2021

Avanan researchers predict these attacks will continue to surge throughout the year, with the education and health care sectors the most likely to be the hardest hit. Lastly, the report warns entities not to rely on cyber insurance as the rates have skyrocketed in response to the rise in ransomware attacks.

Data breaches 113

Data breaches Insurance Healthcare Education 113

eSecurity Planet

SEPTEMBER 29, 2022

But the mere presence of closet security testers secretly carrying out pentests on partner and customer internet-facing resources could have serious repercussions on relationships if discovered. Poor cybersecurity reports can impact analyst recommendations and raise costs for loans and cyber insurance ,” said Taylor.

Insurance 114

Insurance Software Internet Internet 114

SecureWorld News

DECEMBER 2, 2020

issued an unusually detailed statement to investors about the cyberattack, its decision to pay the ransom and next moves by the online education provider. For starters, the company says hackers did not gain access to its Learning Management System (LMS) which delivers educational content and classes to its students.

Cyber Insurance 53

Cyber Insurance Insurance Ransomware Backups 53

SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. A VPN can encrypt internet traffic, providing an additional layer of security, especially for remote workers or when using public Wi-Fi networks.

Cybersecurity 90

Cybersecurity Backups Cyber threats Software 90

Malwarebytes

SEPTEMBER 30, 2022

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. End use of unsupported/end of life software and hardware that are accessible from the Internet. Baltimore learned this the hard way.

Government 60

Government Cybersecurity Cyber Insurance Insurance 60

Malwarebytes

FEBRUARY 3, 2023

Other worries were the rise in premium prices for cyber insurance, and the security implications of the rise in flexible working. The advancing pace of technology (39 percent) also featured, as effects from the pandemic have complicated organizations’ ability to protect themselves from cyber threats. Remote purchase fraud.

Scams 85

Scams Banking Cyber Insurance Cybercrime 85

CyberSecurity Insiders

DECEMBER 18, 2022

In 2023, ‘knowing thy enemy’ in cyber will be more complicated than ever before – but it is critical that organizations remain aware of the realities of cyber risk and cease to focus on the ‘boogie man’ of the internet that features in sensationalist reporting.

Cybersecurity 125

Cybersecurity CISO Insurance Ransomware 125

Security Boulevard

JUNE 2, 2022

Some industries saw particularly high growth of double-extortion attacks, including healthcare (643%), food service (460%), mining (229%), education (225%), media (200%), and manufacturing (190%). Here are some best practices recommendations to safeguard your organization against ransomware: Get your applications off of the internet.

Ransomware 105

Ransomware Architecture Manufacturing Encryption 105

Herjavec Group

FEBRUARY 18, 2021

I was personally honored in my early career to work for Wang Laboratories and was invited to share one of my visions ‘fax over the internet’ with the company, which I invented. Within this whirlwind of all things moving to the internet, insurance vendors recently began to take cyber insurance very seriously.

Digital transformation 81

Digital transformation Computers and Electronics Cyber Insurance Insurance 81

Cytelligence

FEBRUARY 4, 2020

The 2019 Cybersecurity Almanac published by Cisco and Cybersecurity Ventures predicts that cyber events will cost $6 trillion annually by 2021, as companies are digitizing most of their processes and are often operating remotely. Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025.

Penetration Testing 45

Penetration Testing Insurance Data preservation Cyber Insurance 45

SecureWorld News

NOVEMBER 22, 2021

If you have cyber insurance, will it cover some or all BEC incidents? Training and education for employees, especially those in HR and finance, will help with the identification of potential BEC messages. BEC-IRP Section 2: Identification. Unfortunately, identification of a BEC incident is difficult to automate.

Scams 79

Scams Cybercrime Accountability Banking 79

Spinone

OCTOBER 13, 2020

Between the initial damage inflicted on your data, the threat of data leak to the Internet, and the loss of business as a result of damaged customer confidence, the net effect on your business can be major. RobinHood is not known to leak data to the Internet if no payment is made.

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Ransomware Backups Data breaches Encryption 52