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 113

Insurance Cyber Insurance Ransomware InfoSec 113

Security Boulevard

MAY 12, 2022

Is The Cost Of Predictive Cyber Security Worth The Investment? Cybersecurity Events Becoming More Predictable ? Phishing attacks? With sweeping speed, users across the world grew in the millions thanks to Mr. Fraud investigation services related to any damaged related to a specific event. Answer: More capacity!

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Cyber Insurance Insurance Marketing Firewall 105

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. Cyber incidents happen every day. Email phishing, brute force, and even employees leaving with a host of USB sticks, organizations face countless and often unreported cyber attacks.

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Cybersecurity Cyber Insurance Insurance CISO 98

eSecurity Planet

JUNE 1, 2021

Agency for International Development (USAID) to launch phishing campaigns against a broad array of targets. Now the group is back with the USAID phishing campaign. “Attackers know this and are creating phishing campaigns to take advantage of the mobile interface that makes it hard to spot a malicious message.

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Phishing Mobile Government Cybersecurity 67

Cisco Security

JANUARY 10, 2023

As the majority of the global Covid fog finally started lifting in 2022, other events – and their associated risks – started to fill the headspace of C-level execs the world over. Increasing demands from insurers. Here are the topics that I think will be top of mind in 2023, and what CISOs can do to prepare. CISO in the firing line.

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CISO Insurance Cyber Insurance Phishing 127

NetSpi Executives

APRIL 27, 2024

Only about 20% of the ransomware tactics, techniques, and procedures (TTP) used by ransomware attackers are identified out-of-the-box by antivirus (AV), endpoint detection and response (EDR), and security information and event management (SIEM) tools. Some can’t afford not to pay, and some are covered by cyber insurance.

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Ransomware Cyber Insurance Backups Insurance 52

Security Boulevard

JULY 30, 2022

While enforcement of FERPA is left to the department of education, there is some sense of data accountability and disclosure of events. Ransomware, the attack on management consoles, and whale phishing continue to spread across new attack surfaces in organizations. A better way forward for handling communication with security events.

Cyber Attacks 110

Cyber Attacks Artificial Intelligence Education Cyber Insurance 110

Webroot

JUNE 2, 2022

Leveraging this human security expertise, MDR integrates, synthesizes and contextualizes security and other event information to hunt for, understand and respond to security incidents. Ransomware, malware and phishing threats keep evolving.

Threat Detection 101

Threat Detection Cyber Insurance Small Business Insurance 101

SecureList

NOVEMBER 9, 2022

Phishing attacks are going to become even more sophisticated, since a lot of basic tactics have already been tried this year, and businesses learned to repel those. As such, we anticipate a booming cyber insurance industry as many organizations heed these warnings and seek to guard against ransomware attacks.

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Cybersecurity Cyber Insurance Cybercrime IoT 128

Cytelligence

JANUARY 14, 2020

The variety show of phishing attacks – While email remains number one for phishing attacks, cybercriminals are also using a variety of other attack routes to trick their intended victims into giving up personal information, login credentials, or even sending money.

Cybersecurity 65

Cybersecurity Cyber Insurance Insurance Ransomware 65

Adam Levin

JULY 8, 2020

All of these can be extinction-level events. A recent domain hijack of Japanese cryptocurrency exchange Coincheck.com was used to spoof the company in a spear-phishing campaign. In 2015, Chinese hackers redirected the hijacked ShadesDaddy.com to a site selling counterfeit merchandise.

Hacking 130

Hacking Retail Cyber Insurance Authentication 130

Malwarebytes

SEPTEMBER 14, 2022

There are three big ones: Phishing : If you have a DNS filter, as soon as someone in your business clicks a link to a malicious website, they’re prevented from visiting it. Bonus: Cyber insurance. Without cyber insurance, you can expect to pay a dizzying amount of cash. Let’s recap.

Technology 66

Technology DNS Cyber Insurance Insurance 66

Krebs on Security

JULY 24, 2018

Hackers used phishing emails to break into a Virginia bank in two separate cyber intrusions over an eight-month period, making off with more than $2.4 Now the financial institution is suing its insurance provider for refusing to fully cover the losses. million total. for both intrusions,” the bank said in its lawsuit.

Banking 192

Banking Insurance Computers and Electronics Cyber Insurance 192

Malwarebytes

SEPTEMBER 30, 2022

Cyber Resilience Review (CRR) : The CRR assessment evaluates your organization’s operational resilience and cybersecurity practices. Phishing Campaign Assessment (PCA) : Evaluates an organization’s susceptibility and reaction to phishing emails. Take cyber insurance , for example.

Government 59

Government Cybersecurity Cyber Insurance Insurance 59

SecureWorld News

DECEMBER 7, 2022

Cyber insurance trends in 2023. As the three previous trends discussed how certain aspects of the cybersecurity industry will continue to grow in 2023, expect the same from the cyber insurance market. What do you think of these trends as we head into 2023? Let us know in the comments below.

Cybersecurity 89

Cybersecurity Cyber Insurance Insurance Social Engineering 89

Adam Levin

MARCH 16, 2020

That is exponentially more expensive than other cyber events. Consider that the average cost for a ransomware attack against a business is about $4,400, and your run of the mill phishing incident weighs in at a much less hefty $500. So Isn’t BEC Just Another Form of Phishing? It’s Time to Do Something.

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Scams Identity Theft Phishing Accountability 130

SecureWorld News

MAY 5, 2023

Frequent SecureWorld speaker and PLUS Course instructor Shawn Tuma , Co-Chair of the Data Privacy and Cybersecurity Practice at Spencer Fane, LLP, gives this commentary on the situation in Dallas: "This is a horrible event that will surely impact the lives of many people, and unfortunately it has become a fact of life in today's times.

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Ransomware Cyber Risk Cyber Insurance Social Engineering 79

SecureWorld News

OCTOBER 19, 2023

Additionally, cybercriminals may be able to use inflation to their advantage, such as by sending phishing emails that appear to be from legitimate companies offering discounts or assistance. Organizations should educate their employees about cybersecurity best practices and how to identify and avoid phishing attacks.

Cybersecurity 76

Cybersecurity CISO Education Phishing 76

SecureWorld News

JANUARY 21, 2024

Phishing attacks, for instance, are extremely common: these are deceptive emails or messages designed to steal data. The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. Because of this, it's crucial to understand the types of threats nonprofits face.

Cybersecurity 89

Cybersecurity Backups Cyber threats Software 89

BH Consulting

JUNE 13, 2023

Finance fraud and phishing scams increase in Ireland, too Financial fraud and scams in Ireland have risen by 560 per cent in three years. Phishing frauds involving email, text messages and video were up by 417 per cent in the same time period. MORE UK NCSC calls on the cyber insurance market to become more sophisticated.

Social Engineering 52

Social Engineering Data breaches Scams DDOS 52

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. Don’t worry though, there's already an insurance policy for that. What is Cyber Liability Insurance?

Insurance 86

Insurance Cyber Insurance Data breaches Social Engineering 86

eSecurity Planet

JULY 8, 2022

There are hardware elements such as having a redundant data center, where the enterprise can fail over during an event. In the event of ransomware, the enterprise needs to have access to an uncorrupted copy of its data, so it can refuse to submit to cyber criminals’ demands. Also see the Best Business Continuity Solutions.

Backups 142

Backups Ransomware Technology Marketing 142

Thales Cloud Protection & Licensing

JULY 21, 2022

However, this stance indicates a lack of understanding of the effects of all the parties involved, such as cyber insurance underwriters, incident response firms, government regulations, and ransomware attribution. For many organizations, paying the ransom can be less damaging than risking any additional impacts.

Cyber threats 71

Cyber threats Energy and Utilities Ransomware IoT 71

eSecurity Planet

FEBRUARY 16, 2021

In the event of a successful breach, your team must be ready to restore systems and data recovery. As ransomware keeps at its current pace, we see a boom in cyber insurance sales (see Ransomware Insurance: Cyber Insurance May Be the Best Protection ). Rapid Response Testing. Sandbox Testing.

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Ransomware Backups Software Encryption 97

SC Magazine

MARCH 29, 2021

Traditionally that has meant phishing lures, credential theft and other low-effort pathways, but some observers point to episodes like the recent weaponization of the Microsoft Exchange vulnerabilities by multiple ransomware groups and worry that attacks at the application software level could become a more attractive option in the near future.

Software 120

Software Hacking Government Cyber Insurance 120

Spinone

OCTOBER 13, 2020

Global Averages for a Data Breach The following statistics are cited in IBM’s Cost of a Data Breach Report 2019 as the global averages for a data breach event. Implement good email phishing/SPAM filtering to help filter out obvious malicious SPAM emails with infected links, attachments, and other files.

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Ransomware Backups Data breaches Encryption 52