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. What do you think of these trends as we head into 2023? Let us know in the comments below.

Cybersecurity

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

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

Adam Levin

MARCH 16, 2020

That is exponentially more expensive than other cyber events. “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

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.

Ransomware

eSecurity Planet

MARCH 17, 2023

These platforms make it possible for security teams to analyze consolidated threat feeds from various external alerts and log events. Examples of threatening traffic that IDPS solutions can combat include network intrusions, DDoS attacks, malware, and socially engineered attacks.

Network Security

Security Boulevard

JUNE 26, 2022

Hackers and cyber criminals also read the news. Many hacker groups will even approach social engineering to see if anyone in IT or SecOps knows if any layoffs are coming. That $3.29, even with cyber insurance, is still a significant hit to the organization’s bottom line. Culture of Security.

Information Security

Hacker's King

OCTOBER 10, 2024

Cyber Insurance Partnerships Cyber insurance is becoming a must-have for businesses worldwide. Cybersecurity companies often partner with insurance firms to provide risk assessments and incident recovery services to clients.

Cybersecurity

NetSpi Executives

APRIL 27, 2024

Ransomware, a definition Ransomware is a set of malware technologies, hacking techniques, and social engineering tactics that cybercriminals use to cause harm, breach data, and render data unusable. Ransomware attackers get into a network in many ways: Social engineering. Unpatched exploits.

Ransomware

BH Consulting

JUNE 13, 2023

Almost three-quarters of breaches (74 per cent) involve the human element through error, social engineering, stolen credentials or misusing privileges. Half of all social engineering attacks involve ‘pretexting’, where criminals fabricate a story to trick the victim.

Social Engineering

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

SecureWorld News

OCTOBER 19, 2023

Develop a cybersecurity incident response plan In the event of a cyberattack, organizations should have a plan in place to respond quickly and effectively. As cyber threats surge, the expenses associated with cyber insurance rise, adding to the financial strain. Many are facing multifaceted challenges.

Cybersecurity

Security Boulevard

JANUARY 18, 2024

Attackers will leverage AI for more scalable and effective social engineering attacks, disinformation campaigns, vulnerability discovery, and exploit amplification. This will force CISOs into unfamiliar territory while still trying to manage the growing problems of managing the risk of loss due to cyber events.

Risk

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 demonstrates how threat actors are willing to exploit even the most sensitive of events for malicious purposes.

Cyber Attacks

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

BH Consulting

SEPTEMBER 7, 2022

In the United States, a judge dismissed a claim against an insurance company that refused to pay extra for losses due to business email compromise. The company sought $600,000 to cover its losses but its social engineering fraud policy had a cap of $100,000. And the cyber insurance market keeps growing.

Insurance