SecureWorld News

MARCH 28, 2024

The draft rules propose broad criteria that could apply reporting duties to more than 300,000 organizations across critical sectors like energy, communications, healthcare, and more. Having clear definitions gives cyber insurers a way to work with critical infrastructure on underwriting decisions based on these guidelines," Gallagher noted.

Cyber Insurance 89

Cyber Insurance Government Insurance Cyber Risk 89

Malwarebytes

JULY 11, 2022

The post A week in security (July 4 – July 10) appeared first on Malwarebytes Labs.

Cyber Insurance 80

Cyber Insurance Insurance Spyware Healthcare 80

eSecurity Planet

OCTOBER 18, 2021

” Cyber Insurance No Longer Reliable. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out.

Ransomware 90

Ransomware Cyber Insurance Insurance Digital transformation 90

CyberSecurity Insiders

MAY 6, 2021

According to a study carried out by Emsisoft, cyber related crimes have fetched a loss of $5.5 billion last year and included victims from all industries like healthcare, finance, education and local governments.

Insurance 76

Insurance Ransomware Cyber Insurance Healthcare 76

SC Magazine

JULY 14, 2021

In addition, having cyber insurance coverage in place does not guarantee an organization can recoup losses associated with a ransomware attack. Some 80% of respondents who paid a ransom say they experienced a subsequent attack.

Ransomware 98

Ransomware Cyber Insurance Financial Services Retail 98

SC Magazine

JULY 13, 2021

Now as the healthcare industry gets some breathing room from the pandemic, another one is surging – cyberattacks,” Dan L. We, as healthcare leaders, must seize this opportunity to educate and inform stakeholders on the current cybersecurity threat landscape and the actions needed to combat these attacks.”.

Data breaches 113

Data breaches Insurance Healthcare Education 113

Webroot

SEPTEMBER 7, 2023

This is all happening while companies are spending trillions digitizing their business operations and trying to obtain secure cyber insurance while keeping up with regulatory changes in GDPR, HIPAA, and Sarbanes-Oxley. The best way to weather these challenges is to become a cyber resilient business.

Encryption 89

Encryption Cyber Insurance Cybercrime Phishing 89

Malwarebytes

JUNE 14, 2021

While various sectors in Australia were noted to be particularly targeted, the Avaddon strain has been instrumental in the successful network compromise of the Asian division of the AXA Group , one of the biggest cyber insurance companies in the world. A domino effect?

Ransomware 73

Ransomware Insurance DDOS Healthcare 73

Centraleyes

APRIL 9, 2024

The top five countries and regions for the highest average cost of a cyber security breach in 2023 were as follows: the US ($9.4 Uneven Impact on Industries The healthcare sector bears the heaviest burden, with an average cloud data breach cost of $10.10 million), the Middle East ($8.07 million), Canada ($5.13 million), Germany ($4.67

Data breaches 52

Data breaches Cyber Insurance Insurance Ransomware 52

CyberSecurity Insiders

JANUARY 5, 2022

This alliance will allow the healthcare system to reduce its risk of a cyber-attack and help them achieve its cybersecurity goals. “We The cost of these cyber events is rising sharply with cyber insurance premiums and compliance requirements increasing. About CynergisTek, Inc.

Healthcare 52

Healthcare Risk Cyber Insurance Cyber Attacks 52

SecureList

NOVEMBER 9, 2022

Most probably more attacks on the education and healthcare sectors will occur plus targeted campaigns against industry leaders – especially those that hold critical information: sensitive data, top expertise, and latest technologies. Yet, in addition to cyber insurance, companies will need a designated DR or RR (Rolling Recovery) plan.

Cybersecurity 123

Cybersecurity Cyber Insurance Cybercrime IoT 123

SecureWorld News

SEPTEMBER 14, 2021

The school district’s cyber insurance provided free credit monitoring, but many parents were still puzzled by how to report the problem and what steps they should take next to protect their children. How can you protect children against a malignant data leak after it has already happened?

Cyber Insurance 87

Cyber Insurance Ransomware Insurance Backups 87

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. Treasury: ransomware continues to increase. persons rely on to continue conducting business.

Government 61

Government Ransomware Cyber Insurance Cybercrime 61

eSecurity Planet

OCTOBER 5, 2021

Cyber Insurance companies used to simply provide lists of potential vendors approved by the insurer, but with the rising costs of breaches, insurers need to control costs. While we don’t all save lives as part of our business, many organizations will be strongly motivated to recover quickly from an attack.

Ransomware 121

Ransomware Insurance Cyber Insurance Healthcare 121

eSecurity Planet

AUGUST 9, 2022

Healthcare Data Privacy Laws. Luria said the increasingly common practice in highly regulated industries (such as financial services and healthcare) is to create and implement their own customized database solutions and tie them to their particularized IT compliance requirements. Health data and patient data in the U.S.

Data privacy 139

Data privacy Encryption Data breaches Insurance 139

Herjavec Group

FEBRUARY 18, 2021

Within this whirlwind of all things moving to the internet, insurance vendors recently began to take cyber insurance very seriously. They first sold it asking ‘do you have antivirus and a firewall’ – check box one, check box two, now you have cyber insurance.

Digital transformation 81

Digital transformation Computers and Electronics Cyber Insurance Insurance 81

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

OCTOBER 18, 2022

First, call the cyber insurance company that issued the organization’s cybersecurity policy. Most insurance companies require specific incident response vendors, procedures, and reporting that must be met to meet the standards to be insured. The First Calls After an Attack.

Ransomware 131

Ransomware Encryption Insurance Backups 131

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. cyber insurance as a whole was changing heavily. And why is that? It started off pretty easy to get.

Internet 40

Internet Internet Insurance Cyber Insurance 40

Security Boulevard

JUNE 2, 2022

Some industries saw particularly high growth of double-extortion attacks, including healthcare (643%), food service (460%), mining (229%), education (225%), media (200%), and manufacturing (190%). Ransomware attacks increased by 80% year-over-year, accounting for all ransomware payloads observed in the Zscaler cloud. Have a response plan.

Ransomware 104

Ransomware Architecture Manufacturing Encryption 104

SC Magazine

JULY 2, 2021

For the Impact Advisors, many providers engage with their cyber insurance provider to assist with the breach response efforts. Further, entities should proactively engage with cyber insurers, many of which will provide free tabletop exercises. “We

Insurance 88

Insurance Cyber Insurance Data breaches Media 88

Security Affairs

OCTOBER 13, 2019

“As time goes by, and we determine the full impact of this, we will be very grateful we had cyber insurance in place.” . “We had to gain access to our system quickly and gain the information it was blocking,” chief operating officer Paul Betz told a news conference. ” continues the post.

Ransomware 73

Ransomware Insurance Cyber Insurance Advertising 73

SecureWorld News

AUGUST 23, 2023

Timothy Morris, Chief Security Advisor, Tanium: "It is good to see these updates and the expansion of the framework beyond critical infrastructures (banks, energy, healthcare, etc.) to all business and industry types regardless of size.

Cybersecurity 74

Cybersecurity CISO Government Risk 74

SecureWorld News

APRIL 1, 2021

Furthermore, when an organisation has a cyber insurance policy, it might be able to claim the ransom back, which may encourage payment. That is an incredibly difficult situation to be put in, and one that is contributing to the problem. Further factors are likely to have played a part.

Ransomware 56

Ransomware Cyber Insurance Social Engineering Cybercrime 56

eSecurity Planet

FEBRUARY 16, 2021

A ransomware attack is about as bad as a cyber attack can get. It can shut down your business – in the case of healthcare organizations that can be life-threatening for patients – damage your reputation with customers and employees, and invite further attacks as cybercriminals view your organization as an easy mark. Ransomware facts.

Ransomware 97

Ransomware Backups Software Encryption 97

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. Soaring Cyber Crime Costs: Cyber crime costs are expected to hit $10.5

Social Engineering 113

Social Engineering Cyber Insurance Cyber Attacks IoT 113

Joseph Steinberg

AUGUST 5, 2021

Likewise, cyber insurance policies for individuals are starting to appear in the marketplace. Remember, a cyber-insurance policy is a legal contract – it is absolutely essential that policyholders adhere to policy requirements or they may find their otherwise valid claims denied should a cybersecurity incident occur.

Insurance 258

Insurance Cyber Insurance Artificial Intelligence Cybersecurity 258

eSecurity Planet

OCTOBER 5, 2021

Paying for internal assessments and penetration tests by a third party can provide fresh thinking and a level of assurance for stakeholders such as customers, the board of directors, and the insurance company that wrote our cyber insurance policy. Is the attack small enough that we do not need to file a cyber insurance claim?

Ransomware 128

Ransomware Backups Insurance Cyber Insurance 128

Threatpost

JANUARY 7, 2021

Provide your views on ransomware and how to deal with it in our anonymous Threatpost poll.

Ransomware 80

Ransomware Cyber Insurance Insurance Healthcare 80

Pen Test

OCTOBER 10, 2023

Identify cyber insurance policies and ensure they align to business needs regarding ransomware attacks and data leaks. Cyber insurance will likely continue covering ransomware incidents, but insurers may increase scrutiny of policyholders' security measures before offering coverage. Seek adequate coverage.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52

Duo's Security Blog

JUNE 21, 2021

Don’t worry though, there's already an insurance policy for that. What is Cyber Liability Insurance? Cyber liability insurance, sometimes known as cyber insurance, is distinct from traditional commercial general liability and property insurance policies.

Insurance 87

Insurance Cyber Insurance Data breaches Social Engineering 87

SC Magazine

FEBRUARY 24, 2021

But the season-four episode “Decrypt” did capture many of the key elements that play into an attack scenario, including incident response, the role of cyber insurance agencies, and the ethics of paying. SC Media asked two cyber experts with health care experience for their own take on which parts of the episode – written by Thomas L.

Ransomware 94

Ransomware Backups Insurance Cyber Insurance 94

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 142

Government Architecture Backups Encryption 142

eSecurity Planet

APRIL 6, 2023

Cyber criminals have learned that it is not only businesses that make soft targets for the attacks. Hospitals and healthcare organizations are being infected by ransomware, with predictably dire results. If you have a cyber insurer , they will have their own processes for responding to any cyber attack.

Ransomware 89

Ransomware Backups Encryption Cybersecurity 89

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.

Risk 113

Risk Cybersecurity CISO Technology 113

Security Boulevard

MAY 17, 2023

His name is Omar Masri and he's a software engineer and also the founder and CEO of Mamari.io, which helps businesses overcome the cost and complexities of cybersecurity, preventing attacks while meeting compliance and cyber insurance requirements. You got hacked, you’re sort of just paid, your insurance covered it.

Hacking 52

Hacking Insurance Small Business Cybersecurity 52

ForAllSecure

MAY 30, 2023

By no means. Does that mean that there was no ransomware occurring? It was still very active within the last year, just not at the volumes that we were seeing in previous years.

Ransomware 40

Ransomware Encryption Authentication Backups 40