SecureWorld News

OCTOBER 5, 2020

The OFAC Advisory on these cybercrime payments specifically warns financial institutions, cyber insurance firms, and companies that facilitate payments on behalf of victims, that they may be violating OFAC regulations. sanctions, which Treasury calls a cyber nexus. But cyber lawyers across the U.S. That is why the U.S.

Government 63

Government Ransomware Cyber Insurance Cybercrime 63

Threatpost

NOVEMBER 30, 2021

The insurer won’t pay for 'acts of cyber-war' or nation-state retaliation attacks. .

Insurance 96

Insurance Cyber Insurance Government Malware 96

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 CISO 98

eSecurity Planet

OCTOBER 18, 2021

.” And when Teiranni Kidd checked into Springhill to give birth one week after the attack, the complaint alleges, she “was not told that the hospital’s computer systems had been hacked, that they were not operating as needed, and that patient safety was implicated and could be comprised.”

Ransomware 103

Ransomware Cyber Insurance Insurance Digital transformation 103

Malwarebytes

JANUARY 26, 2022

Due to the evolving and growing impact of cybersecurity incidents there are some questions starting to arise about the way that insurance companies deal with the costs that are the results of such incidents. But cyber insurance comes in different flavors and sizes. Lloyd’s of London.

Insurance 89

Insurance Cyber Insurance Ransomware Data breaches 89

The Last Watchdog

OCTOBER 5, 2023

I held this position from 2000 through 2014, during which time Windows emerged as a prime target for both precocious script kiddies and emerging criminal hacking rings. Erin: What are some of the biggest cyber threats that businesses face today? What factors should organizations consider when selecting a cyber insurance policy?

Cyber threats 203

Cyber threats Cyber Insurance Cybersecurity Threat Detection 203

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.

Cyber Insurance 105

Cyber Insurance Insurance Marketing Firewall 105

Security Affairs

APRIL 24, 2022

SecurityAffairs – hacking, newsletter). To nominate, please visit:? Follow me on Twitter: @securityaffairs and Facebook. Pierluigi Paganini. The post Security Affairs newsletter Round 362 by Pierluigi Paganini appeared first on Security Affairs.

Cyber Insurance 76

Cyber Insurance Spyware Firmware Insurance 76

SecureWorld News

SEPTEMBER 23, 2021

His unique insights around cybersecurity-related topics shine a light on ransomware risk for organizations, government agencies, and the public. 6 ways to hack the ransomware puzzle. Reporting incidents gives the government and organizations a more accurate way to judge the scope of this problem. "We

Ransomware 69

Ransomware Cyber Insurance Insurance Government 69

CyberSecurity Insiders

APRIL 23, 2021

Microsoft Exchange Server Cyber Attack- Cyber Threat actors somehow infiltrated the email servers of Microsoft Exchange operating across the world through a vulnerability and accessed data of many government and private companies.

Cyber Attacks 145

Cyber Attacks Insurance Cyber Insurance Ransomware 145

Malwarebytes

JULY 5, 2021

Other cybersecurity news.

Cyber Insurance 99

Cyber Insurance Social Engineering Scams Insurance 99

Security Affairs

JANUARY 14, 2019

According to the cyber security community, NotPetya is a cyber weapon develped by Russia to hit the Ukrainian government. The overall damages that insurance firms would probably have to cover reach over $80bn. SecurityAffairs – Mondelez, cyber insurance). Pierluigi Paganini.

Cyber Insurance 83

Cyber Insurance Insurance Cyber Attacks Advertising 83

CyberSecurity Insiders

OCTOBER 24, 2022

From December 2021 through January the following year, Bernalillo County was slammed by a ransomware attack that targeted government services. Freshly on the heels of this cyber security nightmare, the Albuquerque school system was breached. Cyber insurance. Albuquerque, New Mexico hit with a one-two punch. Conclusion.

Education 58

Education Cyber Attacks Cyber Insurance Insurance 58

SC Magazine

MAY 28, 2021

The shutdown of operations of Colonial Pipeline captured the attention of the security community, government and consumers that suddenly couldn’t fill their gas tanks. That then begs the question of government’s role. Colonial Pipeline also heightened discussion about the influence of ransomware attacks on cyber insurance.

Insurance 117

Insurance Government Ransomware Risk 117

Adam Levin

AUGUST 26, 2019

The lesson is that a company in Capital One’s supply chain–in this case, AWS–now faces congressional scrutiny and presumably a loss of revenue because it did business with a hacked company that made a mistake. Then There’s GitHub.

Data breaches 142

Data breaches Cyber Insurance Hacking Insurance 142

eSecurity Planet

AUGUST 9, 2022

See the Top Governance, Risk and Compliance (GRC) Tools. Other industry standards too can have the force of “pseudo-law” – notably, the NIST Cybersecurity Framework, which federal regulators often apply to financial-services firms and government contractors. But those aren’t the only laws or regulations that affect IT security teams.

Data privacy 145

Data privacy Encryption Data breaches Insurance 145

Adam Levin

MARCH 16, 2020

“BEC/EAC is constantly evolving as scammers become more sophisticated…BEC/EAC scams routinely began with the hacking or spoofing of the email accounts of chief executive officers or chief financial officers, and fraudulent emails were sent requesting wire payments be sent to fraudulent locations. It’s Time to Do Something.

Scams 130

Scams Identity Theft Phishing Accountability 130

SecureWorld News

MAY 28, 2020

The facts are complicated, and the governing law is tangled. which has developed and markets a computerized mechanism for calculating, organizing, and comparing life-insurance quotes, alleges that one of its competitors lied and hacked its way into Compulife's system and stole its proprietary data.". "The Cybersecurity podcast.

Insurance 59

Insurance Computers and Electronics Cyber Insurance Hacking 59

BH Consulting

JUNE 13, 2023

The figures come from An Garda Siochana, the Irish police force, supplied to the Irish Government via the Department of Justice. Experts are warning of a possible wave of extortion attempts after the mass hack. MORE UK NCSC calls on the cyber insurance market to become more sophisticated.

Social Engineering 52

Social Engineering Data breaches Scams DDOS 52

IT Security Guru

DECEMBER 5, 2022

Everyone in the cyber insurance industry or trying to get cyber insurance today knows that using multifactor authentication (MFA) is an absolute make-or-break requirement for getting a cyber insurance policy; or if you can get a policy without MFA, you will pay a hefty increased premium for the same amount of coverage.

Insurance 110

Insurance Cyber Insurance Phishing Social Engineering 110

ForAllSecure

MAY 17, 2023

Chris Gray of Deep Watch talks about the view from the inside of a virtual SOC, the ability to see threats against a large number of SMB organizations, and the changes to cyber insurance we’re seeing as a result. It’s about challenging our expectations about the people who hack for a living. And why is that?

Internet 40

Internet Internet Insurance Cyber Insurance 40

SC Magazine

JULY 2, 2021

Also, “they may not have known that they were hacked for a period of time if their internal surveillance tools are deficient.”. For the Impact Advisors, many providers engage with their cyber insurance provider to assist with the breach response efforts. This trend is not so good.”.

Insurance 88

Insurance Cyber Insurance Data breaches Media 88

eSecurity Planet

FEBRUARY 16, 2021

Just in 2020, the SolarWinds hack could’ve been prevented for organizations that promptly patch software. Only 38% of state and local government employees are trained for ransomware prevention, and only 29% of small businesses have experience with ransomware ( IBM ). Zero Trust. Statistics.

Ransomware 97

Ransomware Backups Software Encryption 97

SC Magazine

JUNE 14, 2021

I think people are going to be suprised to hear your preference would be to keep people from getting hacked. Sometimes they have the cyber insurance policy. Ransomware negotiations are sometimes portrayed as a money-making racket. For us it’s not a profit center. We just sort of found ourselves in the middle of it.

Ransomware 85

Ransomware Passwords VPN Cyber Insurance 85

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. Data Breach Costs: The average global cost of a data breach in 2023 was $4.45 million per breach.

Social Engineering 120

Social Engineering Cyber Attacks Cyber Insurance IoT 120

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. Some can’t afford not to pay, and some are covered by cyber insurance. Should I get a ransomware cyber insurance policy?

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

The Last Watchdog

SEPTEMBER 20, 2019

Local government agencies remain acutely exposed to being hacked. However, at this moment in history, two particularly worrisome types of cyber attacks are cycling up and hitting local government entities hard: ransomware sieges and election tampering. That’s long been true.

Ransomware 153

Ransomware Government Firewall Cyber Insurance 153

Threatpost

DECEMBER 31, 2020

Ransomware response demands a whole-of-business plan before the next attack, according to our roundtable of experts.

Ransomware 120

Ransomware Cyber Insurance Insurance DDOS 120

CyberSecurity Insiders

DECEMBER 18, 2022

Cyber security is a boardroom issue, but with growing economic uncertainty, organizations are being forced to make tough decisions as they plan 2023 budgets. 5 – Recession requires CISOs to get frank with the board about proactive security.

Cybersecurity 125

Cybersecurity CISO Insurance Ransomware 125

Security Boulevard

JUNE 26, 2022

That $3.29, even with cyber insurance, is still a significant hit to the organization’s bottom line. Information security brings its approved frameworks into the various sprints to help ensure governance and compliance are built into the fabric. How Threat Modeling Becomes The Audit and Governance.

Information Security 98

Information Security Technology Marketing Cyber Insurance 98

Security Boulevard

JANUARY 18, 2024

The primary target and focus for nation-states will continue to be their adversaries Critical Infrastructure sectors, such as healthcare, government, communications, transportation, defense industrial base, media, utilities, finance, and cargo logistics. Some dangers are familiar and persistent.

Risk 115

Risk Cybersecurity CISO Technology 115

eSecurity Planet

APRIL 6, 2023

Lapsus$ This hacking group is famous for using an extortion and destruction approach without organizing ransomware payloads. Lapsus$ recently hacked software company Globant, whose primary clientele includes Google and Disney. Education, government, energy and manufacturing are others.

Ransomware 98

Ransomware Backups Encryption Cybersecurity 98

eSecurity Planet

MAY 11, 2023

government and others, we are still no closer to seeing zero trust architecture widely adopted. I am very surprised that the cyber insurance industry has not required zero trust architecture already, but perhaps the $1.4 Even the local public schools near where I live have been hacked. The document can be found here.

Insurance 107

Insurance Cyber Insurance Architecture Authentication 107

Jane Frankland

DECEMBER 7, 2023

Additionally, expect to see more disclosures to regulators from hacking groups, like the one by ALPHV/BlackCat to the SEC in November 2023. Geopolitical tensions also foster information warfare and cyber espionage, compromising the security of governments, businesses, and individuals. Data poisoning will gain popularity in 2024.

Cybersecurity 130

Cybersecurity Cyber threats Insurance Artificial Intelligence 130

SC Magazine

MARCH 29, 2021

And yet, even as both government and industry acknowledge the severity of the situation, strategies are fragmented at best, elusive at worst. But there’s a long way to go – and much more work to be done – if industry and government are going to succeed in stemming the rising tide of software-based attacks they’re facing on a daily basis.

Software 120

Software Hacking Government Cyber Insurance 120

Adam Levin

MARCH 26, 2020

Cyber insurance is still evolving, and as such you can still get good deals even if your cybersecurity is not completely up to snuff. At some point that will be a question that cyber insurers will think about 24/7, solutions evolving alongside challenges and underwriting calculations following close behind.

Cyber Insurance 211

Cyber Insurance Insurance Hacking Passwords 211

Adam Levin

MARCH 2, 2020

As bad as the ransomware scourge was for businesses, local governments arguably had it worse. Businesses, individuals, governments, and organizations alike can become savvier about the threat, understand the scope of the problem, and prepare for it. If your company already has cyber insurance coverage, consider increasing it.

Cyber threats 215

Cyber threats Ransomware Encryption Insurance 215