Hacker's King

DECEMBER 24, 2024

Expansion of Cyber Insurance As cyberattacks grow in frequency and scale, the demand for cyber insurance 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.

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Security Affairs

AUGUST 21, 2020

University of Utah officials explained that the university’s cyber insurance policy covered part of the ransom. “After careful consideration, the university decided to work with its cyber insurance provider to pay a fee to the ransomware attacker,” the university said today.”

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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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Security Affairs

DECEMBER 2, 2020

Bleeping Computer has learned aware that K12 was hit by Ryuk ransomware and K12 paid the ransom utilizing their cyber insurance. At the time of this writing, it is not known the ransom amount. ” the company told Bleeping Computer.

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The Last Watchdog

DECEMBER 18, 2024

As breaches continue to escalate in frequency and cost, the demand for cyber insurance and heightened regulatory compliance will rise, pushing companies to not only protect their data but to prove adherence to evolving security standards. Acohido Pulitzer Prize-winning business journalist Byron V.

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The Last Watchdog

MAY 29, 2024

Additionally, cyber insurance carriers and the Department of Defense’s CMMC standard now recommend or require advanced protective DNS solutions. Acohido is dedicated to fostering public awareness about how to make the Internet as private and secure as it ought to be. (LW LW provides consulting services to the vendors we cover.)

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CyberSecurity Insiders

DECEMBER 11, 2021

NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced it is partnering with leading cyber insurance companies to help businesses manage their risks online. As a result, some insurance companies have had to raise premiums to cover their costs.

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The Last Watchdog

APRIL 30, 2019

That could be for insurance purposes. “As As with any insurance, cyber insurance really requires due care.” Acohido is dedicated to fostering public awareness about how to make the Internet as private and secure as it ought to be. Wrenn said. “So Privacy in focus The flip side of data security is privacy.

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Krebs on Security

JULY 24, 2018

The company determined the hacking tools and activity appeared to come from Russian-based Internet addresses. ” Castagnoli advises companies contemplating cyber insurance policies to closely scrutinize their policies and riders, and find an expert who can help craft a policy that is tailored for the insured.

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Banking Insurance Computers and Electronics Cyber Insurance 200

Security Boulevard

MAY 12, 2022

In the early 1990s, the Internet industry needed to move packets as fast as possible because some marketing genius came up with the idea that everyone could have “Unlimited Internet Access” for $9.95 Those people belong in the Internet Hall of Fame. Truth be told, AOL made the Internet, the Internet.

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The Last Watchdog

AUGUST 8, 2022

Will they be able to gain control of all the monitors or other remote devices (in our Internet of Things world) tied to the digital twin? Can they access industrial control systems? Will they be able to get into the SCADA systems perhaps tied to the digital twin? They need a comprehensive cybersecurity plan.

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SecureWorld News

AUGUST 21, 2020

The end result was hefty payment: "After careful consideration, the university decided to work with its cyber insurance provider to pay a fee to the ransomware attacker. This was done as a proactive and preventive step to ensure information was not released on the internet.". And number one is cyber insurance.

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The Last Watchdog

OCTOBER 5, 2023

Byron: Since I started, the cyber threat landscape has grown exponentially, with more sophisticated attacks and diverse attackers ranging from individual hackers to professional criminal rings to state-sponsored entities. Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies?

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Cyber threats Cyber Insurance Threat Detection Cybersecurity 203

SecureWorld News

APRIL 23, 2025

There is a strong correlational reason cyber insurance underwriters care about those key controls and coverage in the application process. If those controls are not effective, cyber insurance underwriters might have to pay out.

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CISO Backups Ransomware Risk 102

Krebs on Security

DECEMBER 12, 2018

Is it fair to judge an organization’s information security posture simply by looking at its Internet-facing assets for weaknesses commonly sought after and exploited by attackers, such as outdated software or accidentally exposed data and devices? Chamber of Commerce to evaluate more than 2,500 U.S.

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Cyber Risk Energy and Utilities Risk Marketing 263

SecureList

NOVEMBER 9, 2022

Businesses most at risk are aerospace and defense contractors, as well as critical infrastructure operators (utilities such as water, electricity, and Internet, but also hospitals and operators of large cyber-physical systems such as dams). What cybersecurity challenges will industries face next year? Ransomware as a service (RaaS).

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Cybersecurity Cyber Insurance Cybercrime IoT 144

BH Consulting

JULY 17, 2024

Cyber insurance: whisper it, but it seems to be working Cyber insurance premiums have dropped by 15 per cent compared to their peak in 2022. Even though more companies are buying cyber insurance, Howden found prices are falling through a combination of more providers in the market, and companies improving their security.

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SecureWorld News

NOVEMBER 2, 2022

A : Our profession should put a higher priority on implementing the controls required by cyber insurance carriers, because they're starting to figure out what really reduces the risk of a major incident. Kip will present a session on "Cyber Insurance for IT Professionals. " See the conference agenda and register here.

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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. Market Size: The AI cyber security market was worth around $17.4 million per breach.

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Social Engineering Cyber Insurance Cyber Attacks IoT 141

The Last Watchdog

MARCH 1, 2019

The ability to prove you have a process, and demonstrate the audit trail showing you used that process, will become the subject of increased scrutiny by regulators and cyber insurance underwriters. Acohido is dedicated to fostering public awareness about how to make the Internet as private and secure as it ought to be. (LW

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SecureWorld News

NOVEMBER 12, 2020

The problems with the RDP is that it suffers from vulnerabilities that can be exploited and the RDP service may rely on internet-facing servers which are easily accessed.". Another significant finding is that nearly half of organizations that get hit are now paying hacker ransoms.

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Cyber threats Insurance Cyber Insurance Ransomware 137

SecureWorld News

MAY 2, 2025

Hospitals and clinics are increasingly adopting cloud-based systems, electronic health records, telehealth services, and Internet of Things (IoT) medical devices. Many healthcare providers now undergo annual security audits and risk assessments as required by regulators or cyber insurance providers.

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SC Magazine

FEBRUARY 10, 2021

Sachin Bansal, general counsel at SecurityScorecard, spoke with SC Media about ratings, and how they can be used to strengthen the supply chain, determine cyber insurance premiums and as an investigative tool for an oversight body. These scores are updated every day because the internet changes every day.

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Hacker Combat

JULY 31, 2020

Carry Cyber Insurance. This makes carrying a cyber insurance policy with a reputable carrier a good idea. In addition to providing vital financial assistance in the wake of a data breach, cyber insurers scrutinize your security arrangements before agreeing to issue a policy. This must be addressed head-on.

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SecureWorld News

DECEMBER 7, 2022

Scott Register, VP of Security Solutions at Keysight Technologies, discusses this trend: "Deepfake technology to date has resulted in political confusion, internet chatter, and some amusing mashup videos, but expect this to change in the near term. Cyber insurance trends in 2023.

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Adam Levin

JULY 8, 2020

A whopping 97 percent failed to use DNSSEC , a domain security protocol designed to address core vulnerabilities in the foundations of the internet itself. More than half of the companies surveyed used retail-grade registrars, which typically provide less in the way of security safeguards and training than enterprise-grade registrars.

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Hacking Cyber Insurance Retail Authentication 130

Trend Micro

JUNE 10, 2025

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?

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Adam Levin

MARCH 16, 2020

The Federal Bureau of Investigation’s 2019 annual Internet Crime Report included 467,361 complaints about suspected internet crime with losses of $3.5 Of those cases, 23,775 of them were business email compromises (BEC). It’s Time to Do Something.

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BH Consulting

MAY 28, 2025

Some companies rely on cyber insurance as an extra layer of protection but Brian observed that filling out the forms to get cover has got more onerous as firms demand more evidence that clients are at least taking basic measures to protect themselves. If were going to be ethical, we have to go beyond compliance.

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Scams Passwords Insurance Technology 59

CyberSecurity Insiders

JANUARY 10, 2023

Increased vulnerability is causing headaches and expenses due to numerous societal shifts – whether it’s the proliferation of the internet of things (IoT) in every aspect of business and society, or the widespread adoption of home and remote working that began during the Covid-19 pandemic and has persisted in many organizations.In

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SecureWorld News

DECEMBER 2, 2020

We carry insurance, including cyber insurance, which we believe to be commensurate with our size and the nature of our operations. Which of the ransomware gangs or groups hit K12 Inc and its network in this cyber attack? In fact, Ransomware became the number one type of cyber attack claim insurers dealt with in 2020.

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Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. Moreover, RDP ports are often exposed to the internet, which allows threat actors to easily scan for open ports and launch brute-force attacks.

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Cyber Attacks Phishing Ransomware Cyber Insurance 59

SecureWorld News

NOVEMBER 1, 2021

The unbridled optimism that spoke to so many at the dawn of the internet age has given way to malign actors, big and small, confident in their ability to evade the consequences for the harms they use cyberspace to inflict.". RESOURCE] Listen to the recent SecureWorld podcast episode featuring U.S.

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SecureWorld News

OCTOBER 20, 2021

Lastly, Accenture confirms it has cyber insurance, but if it is under-insured, the business could still face significant impacts from a cyberattack and the resulting litigation: These monetary damages might not be subject to a contractual limit of liability or an exclusion of consequential or indirect damages and could be significant.

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SecureWorld News

DECEMBER 29, 2022

As you will see from the list of trends articles and blogs above, there are a lot of overlapping trends (AI, cyber insurance, cyber resilience, cyber workforce), as well as a few unique takes from the authors and experts interviewed for the pieces.

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The Last Watchdog

APRIL 18, 2019

Imposing just the right touch of policies and procedures towards mitigating cyber risks is a core challenge facing any company caught up in digital transformation. Related: Data breaches fuel fledgling cyber insurance market. Enterprises, especially, tend to be methodical and plodding. Talk more soon.

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Digital transformation Cyber Risk Risk Cyber Insurance 113

The Last Watchdog

SEPTEMBER 20, 2019

Eventually, governments will address the risk by beefing up security and purchasing cyber insurance, which go hand in glove. Acohido is dedicated to fostering public awareness about how to make the Internet as private and secure as it ought to be. (LW I’ll keep watch.

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