SC Magazine

JULY 14, 2021

FBI’s cyber division personnel in front of a computer screen. New research finds that ransomware atracks have grabbed the attention of leaders across business sectors. The FBI reported an increase of more than 225% in total losses from ransomware in the U.S. in 2020 alone.

Ransomware

eSecurity Planet

FEBRUARY 16, 2021

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. A ransomware attack is about as bad as a cyber attack can get. Jump to: What is ransomware? How ransomware works. Preventing ransomware. Ransomware attacks and costs.

Ransomware

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. Ransomware and how to deal with it.

CISO

CyberSecurity Insiders

DECEMBER 11, 2021

NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced it is partnering with leading cyber insurance companies to help businesses manage their risks online. As a result, some insurance companies have had to raise premiums to cover their costs.

Cyber Insurance

Joseph Steinberg

AUGUST 5, 2021

First-party insurance, therefore, typically covers the costs of actions needed after a data breach, extortion, ransomware attack, or other hacker malfeasance. First-party insurers may also pay ransomware ransoms, for the costs of notifying customers of a data breach, and for lost business during incident-related downtime.

Insurance

SecureWorld News

MARCH 28, 2024

Department of Treasury on March 27th released a report titled "Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector." The report highlights the growing concern around artificial intelligence (AI) and its potential to introduce new cybersecurity threats to the financial industry.

Risk

NetSpi Executives

APRIL 27, 2024

Table of Contents What is ransomware? Ransomware trends Ransomware prevention Ransomware detection Ransomware simulation Ransomware security terms How NetSPI can help What is ransomware? Ransomware adversaries hold the data hostage until a victim pays the ransom. How does ransomware work?

Ransomware

CyberSecurity Insiders

APRIL 30, 2021

Combating Ransomware – A Comprehensive Framework for Action provides 48 practical recommendations to curb the rampant spread of this increasingly destructive type of cybercrime. “In Ransomware is an international cybercrime that is multiplying in frequency and severity.

Ransomware

CyberSecurity Insiders

JANUARY 20, 2022

Recovery : Critical infrastructure in the wake of an attack, such as ransomware response, searchable back-ups and business resumption (revenue security). Cyber Services Leadership. Acrisure is the intelligence-driven financial services distribution platform of the future.

Insurance

CyberSecurity Insiders

DECEMBER 14, 2021

Cyber Risk Assessments powered by MyCyberScorecard also enable collaboration between business and system owners to bridge the gap between policies, controls and operations.

Cyber Risk

Centraleyes

DECEMBER 16, 2024

Ransomware Still Reigns Supreme Ransomware attacks continue to plague organizations globally, and 2025 will be no different. Attackers are becoming more organized, with ransomware-as-a-service (RaaS) operations providing easy access to malicious tools for even novice cybercriminals.

Cybersecurity

eSecurity Planet

MAY 11, 2023

I am very surprised that the cyber insurance industry has not required zero trust architecture already, but perhaps the $1.4 Also read: Building a Ransomware Resilient Architecture What All This Means From my vantage point (semi-retired and with lots of time to think, I might add) all this means that one of two things needs to happen.

Insurance

eSecurity Planet

JANUARY 11, 2022

Read more: Application Security is Key to Stopping Ransomware, Vendor Says. Currently ideal for industries like financial services managing sensitive data, Cape Privacy’s Snowflake is an innovative multi-party computation (MPC) platform that prevents single points of failure and ensures compliance. Cowbell Cyber.

Cybersecurity

Duo's Security Blog

JULY 6, 2021

Regulators who oversee other industries will adopt these requirements for healthcare, financial services, utilities, etc., Cyber Insurers, regulators and customers will expect these controls to be present, regardless of public or private status. and expected controls for those environments will follow.

Government

eSecurity Planet

JUNE 1, 2021

” Lookout data indicates that about 15 percent of financial services employees encountered a mobile phishing attempt each quarter in 2020. ” Further reading: Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs. . … Attacks are more difficult to spot on mobile. Nation-State Interests.

Phishing