SC Magazine

MARCH 24, 2021

Insurance firm CNA Financial, a prominent provider of cyber insurance, confirmed a cyberattack against its systems, which has some concerned that cybercriminals may target policyholders. And, of course, the fact that actors possess specific information enables them to craft spear phishing emails that are very convincing.”.

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Cyber Insurance Insurance Hacking Ransomware 128

SecureWorld News

MARCH 20, 2024

In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network. Here, cyber insurance serves as an invaluable safety net by offering essential financial coverage and support services in the event of a ransomware attack occurring.

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Cyber Insurance Insurance Ransomware Risk 113

CyberSecurity Insiders

MARCH 18, 2021

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 cyber insurance risk strategy. ·

Cyber Insurance 111

Cyber Insurance Insurance Cyber Risk Financial Services 111

Schneier on Security

JUNE 7, 2023

New paper: “ Lessons Lost: Incident Response in the Age of Cyber Insurance and Breach Attorneys “: Abstract: Incident Response (IR) allows victim firms to detect, contain, and recover from security incidents. It should also help the wider community avoid similar attacks in the future.

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Cyber Insurance Insurance Cybersecurity 258

Malwarebytes

JULY 10, 2022

Without cyber insurance , you can expect to pay a dizzying amount of cash. In 2022 alone, the average cost of a data breach for businesses under 1,000 employees was close to $3 million—and these costs are coming from activities that cyber insurers typically cover, such as detecting and responding to the breach.

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Cyber Insurance Insurance Data breaches Phishing 103

Security Boulevard

AUGUST 8, 2023

Prioritizing cyber insurance in a comprehensive information security program is a relatively new concept and navigating the process can be confusing. Even insurance companies sometimes have a hard time keeping up with the changing landscape.

Cyber Insurance 94

Cyber Insurance Insurance Information Security Cybersecurity 94

Cisco Security

SEPTEMBER 28, 2022

Lloyds of London have recently published a Market Bulletin 1 addressing the wording of cyber insurance policies to exclude losses arising from: “ state backed cyber-attacks that (a) significantly impair the ability of a state to function or (b) that significantly impair the security capabilities of a state. ”.

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Cyber Insurance Insurance CISO Cyber Attacks 122

Security Affairs

APRIL 16, 2025

The business services provider Conduent revealed that personal information, including names and Social Security numbers, was stolen in a January cyberattack. The company holds cyber insurance and informed federal authorities. So far, the stolen data hasnt appeared on the dark web or publicly released.

Data breaches 110

Data breaches Government Cyber Insurance Business Services 110

Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. Cyber has changed everything around us – even the way we tackle geopolitical crisis and conflicts. If the technology were to become unavailable, the resulting business impact could be mitigated with cyber insurance.

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Cyber Insurance Insurance Risk Technology 100

SC Magazine

MAY 24, 2021

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

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Cyber Insurance Insurance Marketing Cyber Risk 94

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. As cyber criminals mature and advance their tactics, small and medium businesses become the most vulnerable because they lack the capacity – staff, technology, budget - to build strong cyber defenses. The necessity for cyber-insurance coverage.

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Cyber Insurance Insurance Cyber Risk Cyber Attacks 77

Security Boulevard

SEPTEMBER 6, 2024

Gary Perkins, Chief Information Security Officer In this landscape, organizations need a multi-faceted approach that includes prevention, detection, and response capabilities. The post Cyber Insurers Are Not Your Friend – Why a Warranty May Be a Better Option appeared first on Security Boulevard.

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Cyber Insurance Insurance CISO Technology 75

Dark Reading

FEBRUARY 8, 2023

From prevention and detection processes to how you handle policy information, having strong cyber insurance coverage can help mitigate cybersecurity attacks.

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Cyber Insurance Insurance Cybersecurity 78

Malwarebytes

FEBRUARY 21, 2023

Our contact information is written in the file “How to restore your files” You have 48 hours to contact or pay us. Here, they’re going out of their way to “help” by quizzing victims about the specifics of their cyber insurance policy. has been in circulation since sometime around November last year.

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Cyber Insurance Insurance Ransomware Encryption 97

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.

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Insurance Cyber Insurance Artificial Intelligence Ransomware 258

Duo's Security Blog

FEBRUARY 4, 2025

In its modern iteration, cyber liability insurance mitigates the losses and business costs associated with cyber incidents and resulting downtime. CyberCube, a company specializing in quantifying cyber risk, estimates that the U.S. standalone cyber insurance market could reach $45 billion in premiums by 2034.

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Cyber Insurance Insurance Authentication Risk 64

SC Magazine

MAY 19, 2021

Indeed, even as insurance companies push for security best practices among customers, Netenrich Chief Information Security Officer Brandon Hoffman told SC Media in February “it’s hard to tell whether those actually align with best practices or if they somehow fit into their actuarial science conveniently.”.

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Cyber Insurance Insurance Marketing Ransomware 102

Security Boulevard

JUNE 7, 2023

For many companies, that means investing in security information and event management (SIEM). Is it the only answer to… The post How SIEM Helps With Cyber Insurance appeared first on LogRhythm. The post How SIEM Helps With Cyber Insurance appeared first on Security Boulevard.

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Cyber Insurance Insurance Network Security 59

Security Affairs

OCTOBER 20, 2024

CISA adds Fortinet products and Ivanti CSA bugs to its Known Exploited Vulnerabilities catalog Nation-state actor exploited three Ivanti CSA zero-days Dutch police dismantled dual dark web market ‘Bohemia/Cannabia’ macOS HM Surf flaw in TCC allows bypass Safari privacy settings Iran-linked actors target critical infrastructure organizations (..)

Data breaches 116

Data breaches Cybercrime Cyber Insurance Marketing 116

Cytelligence

OCTOBER 18, 2023

To mitigate these risks, businesses often invest in cyber insurance. However, there is a powerful and cost-effective tool that businesses can utilize to reduce their cyber insurance costs: strong passwords. They serve as a virtual key to access important systems, accounts, and confidential information.

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Cyber Insurance Insurance Passwords Cyber Attacks 64

Centraleyes

DECEMBER 16, 2024

Privacy and Data Protection: A Growing Concern Data privacy will be a growing concern in 2025, especially with increasing scrutiny on how companies collect, store, and share personal information. Insurance Becomes a Necessity The rise of high-profile cyberattacks has led to increased demand for cyber insurance.

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Cybersecurity Insurance Cyber Insurance Technology 98

Security Affairs

AUGUST 21, 2020

The University of Utah admitted to have paid a $457,059 ransom in order to avoid having ransomware operators leak student information online. The University was able to recover the operations from the backups, but decided to pay the ransom to avoid having ransomware operators leak student information online.

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Ransomware Cyber Insurance Insurance Advertising 145

SecureWorld News

FEBRUARY 5, 2025

According to the report's introduction, authored by Francois Guay , Evgeniy Kharam , and Dimitry Raidman : "The State of Cybersecurity Report in Canada 2025 serves as both an informative resource and a rallying cry for Canadian leaders. Leverage cyber insurance to mitigate financial risks associated with supply chain attacks.

InfoSec 87

InfoSec Cybersecurity Energy and Utilities Cyber Insurance 87

NetSpi Executives

JANUARY 8, 2024

In case you missed it, Chubb, one of the leading publicly traded property and casualty insurance companies, announced an innovative collaboration with NetSPI to strengthen client cyber-risk profiles via enhanced attack surface management and penetration testing solutions. Get a conversation started with our partnerships team.

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Cyber Insurance Insurance Penetration Testing Cyber threats 64

Security Boulevard

JUNE 26, 2022

How Information Security Breaks The Classic IT Model. That $3.29, even with cyber insurance, is still a significant hit to the organization’s bottom line. How does information security fit into the producer/consumer model? In some cases, yes, information security does fit into this in several ways: a.

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Information Security Technology Marketing Cyber Insurance 98

Security Affairs

FEBRUARY 6, 2021

American corrugated packaging company WestRock announced at the end of January that it was the victim of a ransomware attack that impacted its information technology (IT) and operational technology (OT) systems. WestRock is also working with its vendors so they are informed, and supply chains remain operational.”

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Ransomware Cyber Insurance Insurance Technology 145

SecureWorld News

MARCH 17, 2025

Although there remains some ambiguity over whether ransomware was employed, the Play ransomware gang later claimed responsibility , alleging that sensitive data, such as payroll records, contracts, tax documents, and customer financial information, was exfiltrated. Impact on operations and finances Digital sales represent roughly 15.5%

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Cyber Attacks Digital transformation Threat Detection Cyber Insurance 114

CyberSecurity Insiders

FEBRUARY 21, 2023

But now a new file encrypting malware variant has emerged onto the block that demands ransom, based on the insurance cover. ransomware does so during negotiations and tries to find the exact amount to be covered with the cyber insurance and then demands ransom.

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Insurance Ransomware Cyber Insurance Encryption 124

SC Magazine

APRIL 19, 2021

AIG is one of the top cyber insurance companies in the U.S. Today’s columnist, Erin Kennealy of Guidewire Software, offers ways for security pros, the insurance industry and government regulators to come together so insurance companies can continue to offer insurance for ransomware. eflon CreativeCommons CC BY 2.0.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

Security Affairs

DECEMBER 2, 2020

According to the company, the ransomware operator accessed “certain parts” of their corporate back-office systems, the incident might have exposed “some student and employee information” on the affected systems. K12 paid the ransom to prevent misuse of any information the ransomware operators have stolen.

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Education Cyber Insurance Insurance Ransomware 145

The Last Watchdog

DECEMBER 18, 2024

One example of is AI model cards, which inform users about how AI models are intended to be used. CISA updated its Secure by Design guidance, and the EUs Cyber Resilience Act and NIS2 added new requirements. Proactive collaboration and cyber risk quantification are key to ensuring operational resilience and security.

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Cybersecurity CISO Risk Government 130

The Hacker News

FEBRUARY 9, 2023

Get ready to dive into the world of enterprise-level security with expert guests who will share their vast knowledge and provide you with valuable insights and information on various security topics. Whether you're a seasoned

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Cyber Insurance Insurance Education Cybersecurity 91

Heimadal Security

MARCH 24, 2021

CNA Financial is a leading US-based insurance company, considered to be one of the sixth-largest commercial insurance companies in the USA, according to the Insurance Information Institute, providing a wide range of insurance products, including cyber insurance policies.

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Cyber Insurance Insurance Ransomware Cybersecurity 119

CSO Magazine

MAY 15, 2023

Companies with cyber insurance are more likely to get hit by ransomware, more likely to be attacked multiple times, and more likely to pay ransoms, according to a recent survey of IT decision makers. To read this article in full, please click here

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Insurance Cyber Insurance Ransomware Encryption 123

Security Boulevard

NOVEMBER 15, 2022

As an MSP/MSSP, getting questions about cyber insurance from your clients can be overwhelming. You must deal with external factors – coverages are changing, some carriers are dropping coverages, and suddenly MS(S)Ps are stuck in the middle, handling client relationships as the proxy between insurance and the client.

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Cyber Insurance Insurance Risk Government 52

The Hacker News

OCTOBER 24, 2022

Virtual Chief Information Security Officer (vCISO) services (also known as 'Fractional CISO' or 'CISO-as-a-Service') are growing in popularity, especially as growing cyber threats, tightening regulatory demands and strict cyber insurance requirements are driving small to medium-sized enterprises demand for strategic cybersecurity and compliance guidance (..)

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CISO Cyber Insurance Insurance Cyber threats 105

Threatpost

JULY 19, 2018

In this InfoSec Insider cyber insurance expert Nick Sanna discusses how to balance threat exposures and protecting assets with insurance against hacking, breaches and vulnerabilities.

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Cyber Insurance Insurance InfoSec Risk 46