SecureWorld News

FEBRUARY 5, 2025

AI, a double-edged sword AI-driven cybersecurity tools enhance threat detection but also empower attackers with sophisticated social engineering, deepfake campaigns, and automated exploits. Leverage cyber insurance to mitigate financial risks associated with supply chain attacks.

InfoSec 77

InfoSec Energy and Utilities Cybersecurity Education 77

Javvad Malik

AUGUST 22, 2022

However, that itself highlights how the whole cyber insurance world is still in its relative infancy, so people should take great care to see what is or isn’t covered, and for what sum. The order said: “SJ Computers did not suffer a penny of financial loss when the bad actor hit “send” on his email messages.

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Insurance Cyber Attacks Social Engineering Cyber Insurance 145

SecureWorld News

MARCH 17, 2025

Despite these setbacks, the company has stated that, with its cyber insurance coverage and ongoing remediation efforts, it doesn't expect a long-term material impact on its business fundamentals. The incident contributed to a short-term stock price dip of about 2% and added to operational expenses during the recovery phase.

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Cyber Attacks Digital transformation Threat Detection Penetration Testing 112

SC Magazine

FEBRUARY 8, 2021

. “I believe this to be the next tectonic shift,” said Bryan Hurd, vice president at Aon Cyber Solutions. He referenced an insurer’s role in designing pressure relief valves for the steam engines powering Philadelphia in the 1800s: “They said if you wanted to have insurance, you have to have this piece of architecture on your system.”

Insurance 126

Insurance Cybersecurity Cyber Insurance Government 126

The Last Watchdog

MAY 30, 2025

Its telemetry engine is helping early adopters shrink the blast radius of service account abuse and meet tighter requirements now being pushed by regulators and cyber insurers alike. Over the past 12 months, Anetac has gone from stealth to momentum.

Risk 130

Risk Cyber Insurance Accountability Insurance 130

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. Market Size: The AI cyber security market was worth around $17.4 million per breach.

Social Engineering 140

Social Engineering Cyber Attacks Cyber Insurance IoT 140

CyberSecurity Insiders

JULY 29, 2022

What’s surprising about the incident is that the Hive Group has details that Wootton Educational Trust is covered under a cyber insurance and so is demanding the authorities to pay up huge i.e., £500,000. The post Hive Ransomware group demands £500000 from School in England appeared first on Cybersecurity Insiders.

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Ransomware Cyber Insurance Social Engineering Education 122

Malwarebytes

JULY 5, 2021

Other cybersecurity news.

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Cyber Insurance Social Engineering Scams Insurance 107

SecureWorld News

APRIL 23, 2025

Techniques like chaos engineering for security testing, which stress-test defenses in unpredictable ways, and machine learningdriven anomaly detection offer fresh layers of defense. There is a strong correlational reason cyber insurance underwriters care about those key controls and coverage in the application process.

Ransomware 101

Ransomware CISO Backups Risk 101

Security Boulevard

MAY 12, 2022

What Is Not Covered Under Cyber Insurance? Cyber insurance will not cover the cost for security remediation, the purchase of new security technology, or any 3rd pen testing, auditing, or installation of any security products. For organizations seeking cyber insurance, the road for predictable security runs in parallel.

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Cyber Insurance Insurance Marketing Firewall 105

The Last Watchdog

OCTOBER 5, 2023

Byron: Companies often underestimate threats, neglect basic cyber hygiene, and fail to educate employees on cybersecurity. Erin: What are some of the most common social engineering tactics that cybercriminals use? Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies?

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Cyber threats Cyber Insurance Threat Detection Cybersecurity 203

SecureWorld News

MAY 1, 2024

Having a clear insight into potential targets would provide the insurance industry with realistic and timely risk models." By tapping into the R&D capabilities of universities alongside industry partners, the IUCRC model allows focused research driven by the needs of major industries like insurance.

Cyber Risk 113

Cyber Risk Risk Insurance Cyber Insurance 113

SecureWorld News

DECEMBER 7, 2022

Security experts have warned for years about the possibility of social engineering attacks with deepfakes, and the technology has matured enough for 2023 to see hackers successfully leverage it. Cyber insurance trends in 2023.

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Cybersecurity Cyber Insurance Insurance Social Engineering 98

Security Boulevard

AUGUST 22, 2022

Even with ransomware costing billions of dollars in losses and cyber insurance claims, organizations are still impacted beyond the checkbook. These attacks have driven the cost of cyber insurance premiums higher. Cyber insurance has become more critical to organizations to help offset the risk to the company.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance Risk 98

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 144

Cybersecurity Cyber Insurance Cybercrime IoT 144

Malwarebytes

SEPTEMBER 14, 2022

To better prevent cyberattacks, look for a cloud scanning service that uses multiple anti-malware engines, using a combination of signatures, heuristics and machine learning to increase detection rates. Bonus: Cyber insurance. Without cyber insurance, you can expect to pay a dizzying amount of cash. says Zamani.

Technology 81

Technology DNS Cyber Insurance Insurance 81

The Last Watchdog

SEPTEMBER 7, 2018

Related: HBO hack spurs cyber insurance market. Here’s how Hearn described it for me: “Cloakware is a collection of techniques that make reverse engineering and tampering very, very difficult. Here’s O’Connor’s take: “What we’ve really got here is an advanced way to protect critical business assets against reverse engineering.

IoT 133

IoT Technology Software Media 133

Security Boulevard

MARCH 17, 2023

A common misconception of small business owners is that they can fly under the radar when it comes to ransomware, social engineering, and other cyberattacks. The post The Small Business Fallacy – Why You Need Cybersecurity and Insurance More Than Ever appeared first on Security Boulevard. But it turns out that the opposite is true.

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Small Business Insurance Social Engineering Cybersecurity 122

BH Consulting

MAY 28, 2025

Common ways of infiltrating victim organisations include social engineering against employees and stolen credentials. Supply chain breaches are also becoming more frequent. Evolving cybersecurity challenges At the same time, the regulatory landscape is becoming more complex.

Scams 59

Scams Passwords Technology Insurance 59

Security Boulevard

JUNE 29, 2024

Staying Ahead of Adversarial AI with Incident Response Automation 5 min read · Just now -- A Security Engineering Commentary from industry insider Rohan Bafna , SecOps Engineer. Powered by WormGPT and FraudGPT, hackers and scammers will continue to drive the cost of business higher as organizations pay more for cyber insurance.

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Artificial Intelligence Engineering Cyber Insurance Phishing 72

Malwarebytes

MARCH 10, 2021

Malware authors and social engineers have relied on shame and the threat of exposure for years. This quickly became a mess of arguments over paying the ransom , and the world of cyber insurance and whether it would actually insure against these types of attacks. Shaming victims into action.

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Ransomware Insurance Cyber Insurance Social Engineering 127

Security Boulevard

MARCH 3, 2023

Manu Singh, vice president of risk engineering at Cowbell, said Cowbell 365 spans everything from working with policyholders to improve their overall cybersecurity posture management to responding to. The post Cowbell Adds Free Cybersecurity Services for Insurance Policy Holders appeared first on Security Boulevard.

Insurance 115

Insurance Cybersecurity Engineering Risk 115

Duo's Security Blog

NOVEMBER 19, 2024

The merits of MFA have been so widely accepted that governments recommend it, cyber insurance providers often require it, and companies like Microsoft and Google are now mandating MFA for a variety of login use cases. The rise of multi-factor authentication (MFA) has been good for security.

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Authentication Cyber Insurance Insurance Passwords 111

Adam Levin

AUGUST 26, 2019

Paige Thompson, the hacker accused of being responsible for the breach, is a former systems engineer for Amazon Web Services. As the notion of who is liable for a data breach expands, it’s becoming more of a necessity to get cyber insurance coverage. Cloudy with a Chance of Client Error. The Takeaway.

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Data breaches Cyber Insurance Hacking Insurance 142

Duo's Security Blog

NOVEMBER 3, 2023

Single sign-on (SSO) and multi-factor authentication (MFA) are now required for most compliance programs and cyber insurance policies, and the Cisco Duo secure access solution is a go-to for adding these critical security capabilities to modern SaaS applications that natively support SSO protocols (e.g., SAML , OIDC ).

Cyber Insurance 78

Cyber Insurance Insurance Authentication Architecture 78

Digital Shadows

OCTOBER 14, 2024

Together, they use native English speakers to execute sophisticated social engineering operations, contributing significantly to their newfound dominance. To counter these methods, organizations should prioritize educating users on phishing and social engineering techniques. compared to Q3 2023.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

Daniel Miessler

MARCH 20, 2022

I think security will live within engineering in the future, much like building “secure” bridges isn’t a separate department within civil engineering. The next aspect of this, which could have been put in the Technology section as well, is CCE, which stands for Continuous Chaos Engineering. Org Structure.

InfoSec 180

InfoSec Insurance Technology Engineering 180

Security Boulevard

JULY 30, 2022

Years ago, I called on several K12 school districts as a sales engineer. Will cyber insurance continue to be an option that organizations can rely on? However, deploying unproven artificial intelligence (AI) could result in unexpected outcomes, including a higher risk of cybercrime.

Cyber Attacks 110

Cyber Attacks Artificial Intelligence Education Cyber Insurance 110

SecureWorld News

OCTOBER 20, 2021

Lastly, Accenture confirms it has cyber insurance, but if it is under-insured, the business could still face significant impacts from a cyberattack and the resulting litigation: These monetary damages might not be subject to a contractual limit of liability or an exclusion of consequential or indirect damages and could be significant.

Cyber Risk 98

Cyber Risk Risk Insurance Cyber Insurance 98

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.

Scams 96

Scams Banking Cyber Insurance Cybercrime 96

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.” It’s Time to Do Something.

Scams 130

Scams Identity Theft Accountability Phishing 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. This incident shows that while security tools are essential, phishing emails can still slip through.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

NopSec

OCTOBER 7, 2022

In this episode, NopeSec’s CEO, Lisa Xu, speaks with Tunde Oni-Daniel, Head of Technology Operations and Engineering at OneMain Financial. During the episode, Tunde brings his considerable experience in technology operations and engineering to provide a unique perspective on vulnerability management and other critical security concepts.

Cyber Insurance 52

Cyber Insurance Technology Insurance Engineering 52

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. Baltimore learned this the hard way. (An

Government 69

Government Cybersecurity Cyber Insurance Insurance 69

SecureWorld News

NOVEMBER 1, 2021

Americans’ personal information, stolen en masse by state-backed actors and online gangs alike, is being weaponized via increasingly sophisticated social engineering or disinformation campaigns. Criminals and extremists similarly can threaten unprecedented levels of disruption and coercion. Secret Service Assistant Director Jeremy Sheridan.

Cybersecurity 97

Cybersecurity Government Cyber Insurance Technology 97

Digital Shadows

JANUARY 14, 2025

By mid-2024, Scattered Spiders hallmark tactics, including social engineering and SIM-swapping, were evident in RansomHubs double extortion attacks, cementing their collaboration. The groups adaptabilityevident in its seamless transition to RansomHuband its expertise in social engineering keep it highly valuable to ransomware partners.

Ransomware 126

Ransomware Social Engineering Phishing VPN 126

Duo's Security Blog

SEPTEMBER 1, 2023

It’s also a requirement to get cyber insurance. Also, they’re designed to work with biometrics, providing high identity verification efficacy. Multi-factor Since password-based authentication is so vulnerable, it’s typically paired with other factors.

Passwords 133

Passwords Authentication Insurance Cyber Insurance 133