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Compliance as a Service (CaaS) strengthens a companys posture and defensibility, making it more attractive to insurers. The post CaaS: The Key to More Affordable CyberInsurance appeared first on Security Boulevard.
The company holds cyberinsurance and informed federal authorities. So far, the stolen data hasnt appeared on the dark web or publicly released. Conduent reported no major operational impact from the cyberattack but did face significant one-time costs for notifications.
As the digital landscape evolves, cybersecurity remains a critical concern for businesses, governments, and individuals alike. With the advent of new technologies and rising cyber threats , 2025 promises significant shifts in the cybersecurity domain.
CISA adds Veeam Backup and Replication flaw to its Known Exploited Vulnerabilities catalog North Korea-linked APT37 exploited IE zero-day in a recent attack Omni Family Health data breach impacts 468,344 individuals Iran-linked actors target critical infrastructure organizations macOS HM Surf flaw in TCC allows bypass Safari privacy settings Two Sudanese (..)
state privacy laws, the EUs governance of ethical AI deployment, and updated regulations in India and Japan. The SEC Cybersecurity Disclosure Rule highlights transparency in governance. Seara Jose Seara , CEO, DeNexus Recent regulatory updates highlight a shift toward robust cyber risk governance, requiring organizations to adapt.
Industries such as finance and government will likely begin exploring post-quantum cryptography to future-proof their systems. Insurance Becomes a Necessity The rise of high-profile cyberattacks has led to increased demand for cyberinsurance.
Since then, companies have openly advertised negotiation services, based on a willingness for cyberinsurance companies to reimburse victims as part of their policy coverage. More recently, some state legislators have passed laws to prevent government agencies from paying. Some have vowed not to pay ransoms.
It is good to see US government leaders realize that ransomware is a growing existential threat to our country, at the hands of our adversaries. A top US national cybersecurity advisor stated in a recent op-ed , “This is a troubling practice that must end.” The government is looking at ways to disrupt ransomware attacks.
IAM and PAM—meant to control who gets access to what—were often bolted on late, constrained by static roles and siloed governance. With regulatory frameworks like GDPR and HIPAA intensifying scrutiny—and cyberinsurers demanding tighter access controls—SPHERE’s platform-based approach is gaining traction.
At the same time, government and industry regulations are tightening: new FDA cybersecurity requirements for medical devices have come into effect, demanding stronger security controls before devices hit the market. This regulatory environment essentially requires continuous investment in cybersecurity tools, training, and governance.
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 cyberinsurers alike. Over the past 12 months, Anetac has gone from stealth to momentum. These are common transition points where identities often slip through the cracks.
Most organizations lack visibility, governance, or access control over these entities, undermining Zero Trust principles and cryptographic hygiene. Every AI agent, API service, and machine credential must be inventoried, governed, and monitored like a privileged identity. Mapping and monitoring NHIs. Auditing AI systems independently.
Leverage cyberinsurance to mitigate financial risks associated with supply chain attacks. Address the talent shortage with focused initiatives Expand government incentives for cybersecurity education and mid-career training. Encourage organizations to offer apprenticeships and upskilling programs.
By offloading authentication and simplifying infrastructure, Duo enabled scalable protection with efficiencies for teams across security operations, IAM, and governance, risk, and compliance (GRC).
What is Cyber Essentials Plus (v3.2 – Technical Testing Prep)? Cyber Essentials Plus (CE+) is a UK government-backed cybersecurity certification scheme developed by the National Cyber Security Centre (NCSC) and overseen by IASME Consortium, the official certification body.
Without governance and rationalization of their software inventory, organizations will struggle to manage risk effectively, perpetuating a cycle of reactive defenses against an ever-growing threat landscape. Software sprawl continues to expand the attack surface.
IoT and Cloud Computing Priorities With the Middle East adopting IoT devices and cloud solutions at a rapid pace, governments are formulating specific policies to address the associated risks. CyberInsuranceCyberinsurance will become an essential component of risk management strategies.
Cyberinsurance providers and B2B clients increasingly expect formal certification- especially in sectors like finance, SaaS, healthcare, and defense. It brings information security into governance, operations, HR, vendor management, and strategic planning. ISO 27001 isn’t just about IT.
Boards Step into the War Room Governance experts say tougher rules have shifted the conversation from IT backrooms to the board table. The Road Ahead With Canberra’s 2023-2030 Cyber Security Strategy promising “world-leading” resilience by the end of the decade, observers expect more reporting rules and possible cyber-insurance mandates.
Cyberinsurance industry faces a pivotal year The cyberinsurance industry faces a pivotal year, influenced by evolving ransomware threats, regulatory changes, and the integration of artificial intelligence (AI). A reminder here that the UK Government is considering a ban on ransomware payments.
CyberInsurance: Another Layer of Complexity With ransomware on the rise, cyberinsurance premiums are spiking. Insurers are demanding risk quantificationmeaning institutions need to demonstrate they have: Incident response plans. Without these, securing affordable cyberinsurance becomes difficult.
Below, we explore some standout cyber resilience solutions, including a closer look at Centraleyesa platform that redefines governance, risk and compliance management in 2025. CyberInsurance with AI-Driven Risk Assessments (e.g.,
This article explores how the latest tariffs could reshape cybersecurity for enterprises, cybersecurity vendors, and government agencies. The domains of cybersecurity, cybercrime investigations, and cyberinsurance will all be impacted. The latest round of tariffs could provoke similar cyber retaliation.
BH Consulting CEO Brian Honan called it “a stark reminder that cyber criminals have no morals and only care about money”. He called for the necessary government agencies to be given the resources, laws, and support to deal with ransomware appropriately. Links we liked Cyberinsurance premiums fell for the first time in 2024.
Insight No. 1 CVE programs near-death exposes security's single point of failure The recent near-halt of the CVE program due to funding issues highlights a critical vulnerability in our industry's reliance on single points of failure.
Cyberinsurance is only getting more expensive, and the market is changing dramatically, with more changes to come. So what trends will drive adoption, rates and the wider future of cyberinsurance?
Here’s one more contribution to that issue: a research paper that the insurance industry is hurting more than it’s helping. Although it is a societal problem, cyberinsurers have received considerable criticism for facilitating ransom payments to cybercriminals.
In 2021, rethinking your cyberinsurance strategy should be a top priority for CISOs and executive leadership. The elevated risk landscape is driving growing demand for cyberinsurance: Nearly four out of five organizations. The post Is it Time to Update Your CyberInsurance Strategy?
The post Are CyberInsurers Cybersecurity’s New Enforcers? That means cyberattacks targeting enterprises and individuals are happening at a rate of about one attack every few seconds. The average ransom payment made by a business to. appeared first on Security Boulevard.
In this digital battlefield, cyberinsurance has emerged as a crucial shield, offering financial protection against data breaches, ransomware attacks, and other cyber incidents. This rapid ascent begs the question: what's driving the price hike, and are businesses fully prepared for the escalating cost of cyber defense?
The rise of the cyberinsurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. Photo by Spencer Platt/Getty Images). But recent research shows that’s not happening.
When considering adding a cyberinsurance policy, organizations, both public and private, must weigh the pros and cons of having insurance to cover against harm caused by a cybersecurity incident. Having cyberinsurance can help ensure compliance with these requirements. Can companies live without cyberinsurance?
The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyberinsurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. AI, told eSecurity Planet.
From the conclusion: Policy makers have long held high hopes for cyberinsurance as a tool for improving security. Cyberinsurance appears to be a weak form of governance at present. The private governance role of cyberinsurance is limited by market dynamics.
After the SolarWinds cyber attack on Govt infrastructure, the government of United States seems to have taken Cybersecurity as a top priority to rectify any flaws that could make way to any future cyber attacks in the future. Maintain a senior management and board approved cyberinsurance risk strategy. ·
Note: In an article that I am writing together with Mark Lynd, Head of Digital Business at NETSYNC, and that will appear on this website next week, we will discuss some of the important Considerations when purchasing cyberinsurance. Cyberattacks can even kill businesses.
Will NYDFS’s CyberInsurance Framework Set a Precedent for the CyberInsurance Industry? As ransomware attacks reach unprecedented numbers and the number of record exposures continues to skyrocket, an increasing number of organizations are at risk of attack—and the cyberinsurance industry is taking note.
federal government if the crooks who profit from the attack are already under economic sanctions, the Treasury Department warned today. government, they still can be fined either way, said Ginger Faulk , a partner in the Washington, D.C. Image: Shutterstock. jurisdiction) and making it a crime to transact with them.
Zurich Insurance has refused to pay Mondelez International's claim of $100 million in damages from NotPetya. Those turning to cyberinsurance to manage their exposure presently face significant uncertainties about its promise. Yet no cyberinsurance policies cover this entire spectrum. Mondelez is suing.
New research reveals that a record number of organizations are buying cyberinsurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyberinsurance premiums soar up to 30% vs. the previous year. cyberinsurance market.
The growing number and sophistication of cyberattacks and the financial impact such incidents can have a company’s financial picture are driving more organizations to take out cybersecurity insurance, according to a survey from endpoint management firm Recast Software.
This will complicate things: To complicate matters, having cyberinsurance might not cover everyone's losses. Zurich American Insurance Company refused to pay out a $100 million claim from Mondelez, saying that since the U.S.
Personal insurance plans are slowly becoming a more visible and talked about topic. I’m fascinated to see talk of personal cyberinsurance , in an area dominated by business. The plans referenced in the article are for people seeking cyberinsurance in India. A brave new world, or same-old same-old?
The post Demystifying CyberInsurance: 7 Key Security Controls Every Organization Should Have appeared first on Security Boulevard. 7 Key Security Controls Every Organization Should Have. .
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