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With cybersecurity threats continuing to evolve at an accelerated pace, organizations need to ensure that their cyberinsurance policies remain active at all times. The post Safeguarding CyberInsurance Policies With Security Awareness Training appeared first on Security Boulevard.
Related: Getting the most from cyberinsurance At RSAC 2025, I met with ESET Chief Security Evangelist Tony Anscombe to trace a quiet but growing convergence: endpoint defense, cyberinsurance, and monoculture risk are no longer separate concerns. Cyberinsurers want it. MSSPs need it.
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.
Cybersecurity is a leading concern for risk managers as AI-related cyber risks surge, and despite growing investments, many businesses still lack comprehensive cyberinsurance, according to a Nationwide survey. The post AI Cyberattacks Rise but Businesses Still Lack Insurance appeared first on Security Boulevard.
TL;DR Introduction I’ve been advising on cyber risk in the insurance sector for over a decade. I’ve seen a proposal form that asks if the prospective insured has anti-virus software and firewalls in […] The post Rethinking cyberinsurance questions to find real risk appeared first on Pen Test Partners.
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.
Insurance Becomes a Necessity The rise of high-profile cyberattacks has led to increased demand for cyberinsurance. In 2024, more organizations will turn to insurance policies to mitigate the financial risks of ransomware, data breaches, and other cyber incidents.
Expansion of CyberInsurance As cyberattacks grow in frequency and scale, the demand for cyberinsurance will surge. In 2025, insurers will refine their policies to cover new threats such as ransomware and supply chain attacks, providing businesses with financial safeguards against cyber losses.
Carrying cyberinsurance that covers downtime, breaches, and ransomware. That means: Training employees to recognize phishing and avoid risky behavior. Using AI-powered tools that can detect and stop threats faster than manual systems. Partnering with a managed service provider (MSP) to build and maintain a scalable security strategy.
One tactic is to get cyberinsurance companies to stop reimbursements for ransoms. Insurance does nothing to reduce attacks, as it is a mechanism to transfer risk. However, security and insurance companies are the first to cast doubt on any plans that may disrupt their revenue streams.
Cyberinsurance used to be an optional safety net. The post How CTEM Impacts Cyber Security Insurance Premiums? The post How CTEM Impacts Cyber Security Insurance Premiums? Its a must-have. With ransomware, data breaches, and cyberattacks on the rise, companies need protection against financial losses.
Since then, companies have openly advertised negotiation services, based on a willingness for cyberinsurance companies to reimburse victims as part of their policy coverage. Ransomware demands have also ballooned as this form of cybercrime continues to gain traction. Some have vowed not to pay ransoms.
Many healthcare providers now undergo annual security audits and risk assessments as required by regulators or cyberinsurance providers. healthcare organizations in particular face strict breach notification laws and insurer requirements, which has led to high levels of security investment and r outine audits (most U.S.
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.
The DBIR breaks down breach trends across industries: Financial and Insurance: Heavily targeted by credential stuffing and phishing; fastest detection rates. There is a strong correlational reason cyberinsurance underwriters care about those key controls and coverage in the application process.
Cyberinsurance premium reductions worth >$89K — Duo helps IAM leaders navigate complex compliance and cyberinsurance requirements, streamlining workflows with audit-ready evidence for a 20% reduction in cyberinsurance premiums.
As breaches continue to escalate in frequency and cost, the demand for cyberinsurance and heightened regulatory compliance will rise, pushing companies to not only protect their data but to prove adherence to evolving security standards.
Despite these setbacks, the company has stated that, with its cyberinsurance coverage and ongoing remediation efforts, it doesn't expect a long-term material impact on its business fundamentals. The incident contributed to a short-term stock price dip of about 2% and added to operational expenses during the recovery phase.
With regulatory frameworks like GDPR and HIPAA intensifying scrutiny—and cyberinsurers demanding tighter access controls—SPHERE’s platform-based approach is gaining traction. It extends across PAM and IGA systems, as well as unstructured data environments.
There’s a reason why cyberinsurance underwriters ask about the number of service accounts, and the scope of permissions for them. They're usually very long-lived, poorly monitored, and often have excessive permissions," said Trey Ford , CISO at Bugcrowd.
In fact, forward-looking providers and even cyberinsurers are moving this direction – some cyberinsurance companies are launching their own MSSP services with promises of quantified risk reduction and insurance discounts for clients.
Let us keep you up to date Sign up for our newsletters Ukraine Crisis newsletter Regular weekly newsletter Subscribe Related Articles Business Security Black Hat USA 2025: Is a high cyberinsurance premium about your risk, or your insurer’s?
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). It’s probably worth saying that 2023 was a record year, with ransom payments reaching $1.25
Others are driven by contracts, regulations, or insurance requirements. Cyberinsurance providers and B2B clients increasingly expect formal certification- especially in sectors like finance, SaaS, healthcare, and defense. Every year, thousands of organizations go through the same ISO 27001 compliance process.
Cunningham John Paul Cunningham , CISO, Silverfort Identity-based attacks in 2024, like those on Microsoft and Snowflake, are prompting insurers to intensify scrutiny in 2025. Questions will shift from basic MFA implementation to deeper assessments of least privilege, lateral movement prevention, and real-time identity protection.
Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyberinsurance. During the reporting period, our collection of IAB posts increased by 16%.
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.
CyberInsuranceCyberinsurance will become an essential component of risk management strategies. As cyber threats become more prevalent, insurance providers will refine their offerings to cover a broader range of incidents.
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.
Learn more Service Packages Service Packages Augment security teams with 24/7/365 managed detection, response, and support Learn more Cyber Risk Advisory Cyber Risk Advisory Assess, understand, and mitigate cyber risk with strategic guidance Learn more Managed XDR Managed XDR Augment threat detection with expertly managed detection and response (MDR) (..)
Drawing on reports from the World Economic Forum, the Verizon Data Breach Investigations Report and Hiscox Insurance, Brian painted a picture of what that dark side looks like. Its an apt phAn erase for people working in cybersecurity and data protection, who, as Brian joked, tend not to look on the bright side.
CyberInsurance with AI-Driven Risk Assessments (e.g., Coalition, Resilience)** How they help Cyberinsurers now use AI models to assess an organization’s risk posture in real time, adjusting premiums based on proactive security measures.
6 Alerts Back Unread All Inside the criminal mind: Trend’s deep dive into cybercrime. close Read report > Cloud security that leads: Centralized, multi-layered protection now named a CNAPP Leader by IDC.
1 Alerts Back Unread All Demo Series: Mastering Exposure Management close Proactively uncover and manage cyber risk > Support Business Support Portal Education and Certification Contact Support Find a Support Partner Resources AI Security Trend Micro vs. Competition Cyber Risk Assessments What Is?
The impact will be felt well beyond the involved countries of Canada, USA, Mexico, and China," said Kenrick Bagnall , Founder, KONCYBER & RB-Cyber Assurance; Royal Candian Mounted Police (RCMP) Contractor/Instructor; Toronto Police Service (Cybercrime Unit) (Ret.). " Here is his detailed breakdown: 1.Cross-border
Links we liked Cyberinsurance premiums fell for the first time in 2024. In a separate ruling, the EU’s General Court upheld the right of individuals to access documents used by the European Data Protection Board (EDPB) in binding decisions (Ballmann v EDPB), reinforcing transparency in GDPR complaint procedures.
Insurance Cost Reduction: Proactive external monitoring can even lower your cyberinsurance premiums. Optimized Resource Allocation: Less manual triaging by your team frees up pricey, highly skilled resources to tackle other tasks on their list (which are usually a lot!).
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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.
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