eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks.

Cyber Insurance

Joseph Steinberg

JULY 8, 2021

Note: In an article that I am writing together with Mark Lynd, Head of Digital Business at NETSYNC, and that will appear on this website next week, we will discuss some of the important Considerations when purchasing cyber insurance.

Insurance

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. Moreover, understanding the “scope of the incident, with the type and volume of data impacted, is paramount when a cyber incident occurs.

Cyber Insurance

SC Magazine

MAY 24, 2021

Overall, insurance companies seem to be responding to increased demand from clients for cyber-specific insurance, and one survey found that the two things most likely to spur a purchase of cyber insurance are when a business experiences a cyber attack and when they hear about other companies being hit by a cyber attack.

Cyber Insurance

SC Magazine

MAY 19, 2021

The incident caused many insurers to create ransomware-specific coverage policies and led to a renewed vigilance around compliance. As Trent Cooksley, chief operation officer at Cowbell Cyber, told SC Media in February , specific controls on businesses allow insurance companies to “I maintain a profitable loss ratio.”

Cyber Insurance

CyberSecurity Insiders

DECEMBER 9, 2021

Lloyd’s of London Insurance, simply known as Lloyd’s Insurance, has released a media update that it will no longer cover losses that were incurred because of cyber wars among nations. The post Insurance company says it will no longer cover state funded Cyber Attacks appeared first on Cybersecurity Insiders.

Insurance

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

SC Magazine

APRIL 23, 2021

For example, they’re used in boardrooms as “eye candy” to portray the state of company cyber-risk, with supply chain partners to manage third-party risk and, even more frightening, by insurance companies to create risk profiles for cyber-insurance policies. Does it truly reflect the security of the company? Usually not.

Cyber Insurance

eSecurity Planet

JULY 12, 2022

Tony Mendoza, Senior Director of Enterprise Business Solutions at Spectra Logic, laid out the details of the attack at the annual Fujifilm Recording Media USA (FRMA) Conference in San Diego late last month. “We Cyber Insurer Provides Help. The IT team spent the day assessing systems to see which ones were virus-free.

Ransomware

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

CyberSecurity Insiders

MARCH 25, 2021

And as per the research, most of those attacks or threats were targeted by cyber crooks launching email attacks with an intent to spread malware or eavesdropping. Department for Digital, Culture, Media and Sport (DCMS) of UK conducted the survey and came to the above stated conclusion that shows how relaxed are businesses for cyber security.

Cyber threats

SC Magazine

FEBRUARY 8, 2021

The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. That’s quite the incentive for insurers to assert themselves in this market. And Bobritsky contends that a reliance on insurers to lead the way may actually degrade cybersecurity. “So A maturing model.

Insurance

The Last Watchdog

OCTOBER 5, 2023

Byron: To detect deep fakes, organizations can use digital watermarking, AI-driven detection tools, and media provenance tracking. Byron: Companies often underestimate threats, neglect basic cyber hygiene, and fail to educate employees on cybersecurity. What factors should organizations consider when selecting a cyber insurance policy?

Cyber threats

CyberSecurity Insiders

DECEMBER 29, 2022

Otherwise, the insurance provider can quash of the policy coverage as the malware infected only the software. Owners Insurance was claiming a loss coverage via a property insurance policy.

Software

Security Boulevard

MAY 12, 2022

Insurance carriers will offer a variety of different policies and coverage, including: Costs associated with an actual data breach, including letters to all affected victims. Cost to repair victims’ credit report and cost for external communications to the media. What Is Not Covered Under Cyber Insurance?

Cyber Insurance

The Last Watchdog

SEPTEMBER 7, 2018

Related: HBO hack spurs cyber insurance market. Digital media and entertainment giants like Netflix, Amazon, Hulu, HBO, ESPN, Sony, and Disney are obsessive about protecting their turf. Over the past couple of decades, some amazing advances in locking down software code have quietly unfolded in, of all places, Hollywood.

IoT

SecureWorld News

NOVEMBER 12, 2020

This is partly driven by cyber insurance and a growing number of organizations seeing this insurance as a business necessity: "Although cyber insurance policies existed since early 2000, ransomware attacks are one of the main reasons for the increased interest in this type of insurance during the last 5 years.

Cyber threats

Malwarebytes

MARCH 10, 2021

This quickly became a mess of arguments over paying the ransom , and the world of cyber insurance and whether it would actually insure against these types of attacks. The scammers perform outreach to the media and the victim’s clients. The idea here is to keep heaping pressure on the victims until they relent and pay up.

Ransomware

CyberSecurity Insiders

JUNE 24, 2021

A digital badge to display on their social media profiles and a certificate will be provided by the association that strictly deals with Cybersecurity Professional Membership and Skills. . The post Make the best of ISC Ransomware course free till July end this year appeared first on Cybersecurity Insiders.

Ransomware

SC Magazine

FEBRUARY 10, 2021

The Cybersecurity and Infrastructure Security Agency (CISA) recently included security ratings or scoring as part of its cyber risk reduction initiative. There are forward-leaning cyber insurers that are using cyber ratings to help them price cyber insurance they’re underwriting.

Cyber Insurance

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. The post Ransomware captures attention of business leaders, as losses become real appeared first on SC Media.

Ransomware

CyberSecurity Insiders

JUNE 23, 2021

There are also two related courses that are recommended for those interested in learning more about ransomware: Techniques for Malware Analysis and Navigating Cyber Insurance.

Education

SC Magazine

MARCH 12, 2021

Jack Kudale, founder and CEO of Cowbell Cyber, said it may make a lot of sense for security vendors to bundle warranty and even cyber insurance with their products. The post Deep Instinct to offer $3 million ransomware warranty appeared first on SC Media. Security pros think Deep Instinct’s approach has promise.

Ransomware

Security Boulevard

SEPTEMBER 6, 2024

Insight #2: Controls to lower cyber insurance costs The number one thing that should decrease cyber security insurance premiums should be multi-factor authentication. It's called application detection and response (ADR) and you need it.

CISO

Hacker Combat

JULY 31, 2020

Yes, system incursions upon the likes of Microsoft, Estee Lauder and T-Mobile get the lion’s share of media attention, however cybercriminals hungrily eye higher-volume smaller targets as well. Carry Cyber Insurance. This makes carrying a cyber insurance policy with a reputable carrier a good idea.

Cybersecurity

SecureWorld News

DECEMBER 1, 2022

Cyber insurance (critical). Describing the dual-enforcement aspect of the CPRA and CCPA, with the California Attorney General and California Consumer Protection Agency having oversight and enforcement power. How penalties are assessed and how much each penalty assessment is. Endpoint encryption for all laptops.

InfoSec

Adam Levin

AUGUST 26, 2019

Next stop: content shared by people (and state-sponsored troll farms) on Facebook and other social media sites. As the notion of who is liable for a data breach expands, it’s becoming more of a necessity to get cyber insurance coverage. The Takeaway.

Data breaches

SC Magazine

APRIL 5, 2021

Its effectiveness is recognized by regional privacy regulations, including the EU’s General Data Protection Regulation; industry requirements, like PCI for credit card processing; and even in cyber insurance policies. ” The post Encryption debate could have enterprise security implications appeared first on SC Media.

Encryption

Adam Levin

DECEMBER 26, 2018

If you doubt it, consider the recent Chubb survey , which found a 930% increase in cyber insurance claims filed by businesses alongside this: 75% of respondents believing that their companies had “excellent” or “good” cybersecurity practices.

Computers and Electronics

Malwarebytes

FEBRUARY 3, 2023

Other worries were the rise in premium prices for cyber insurance, and the security implications of the rise in flexible working. The advancing pace of technology (39 percent) also featured, as effects from the pandemic have complicated organizations’ ability to protect themselves from cyber threats.

Scams

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. Ransomware attacks against local government entities at some point will run its course. What’s more, not nearly enough thought was put into preserving the physical security of actual voting system hardware.

Ransomware

Cytelligence

JANUARY 14, 2020

Increasingly, phishing involves SMS texting attacks against mobiles or use of messaging on social media and gaming platforms. The rise of cyber insurance – Underwriters will sell more cyber insurance policies for businesses and government agencies such as schools, hospitals and utilities.

Cybersecurity

SC Magazine

MAY 28, 2021

Indeed, during a panel moderated by SC Media , two government officials, one with the FBI and one with the Department of Justice, pointed to the Colonial Pipeline when asked to choose the most significant cyber event to occur in the last year. The post Three takeaways from the Colonial Pipeline attack appeared first on SC Media.

Insurance

SC Magazine

JULY 13, 2021

Lastly, the report warns entities not to rely on cyber insurance as the rates have skyrocketed in response to the rise in ransomware attacks. Some insurers are also jacking up the cost of deductibles and limiting the types of entities they’re willing to insure.

Data breaches

SC Magazine

MARCH 2, 2021

.” According to Bob Parisi, head of cyber solutions at Munich Re, that includes allowing for up to a $50 million policy split between Munich Re and Allianz. “Normally if you’re going to try and find $50 million of cyber insurance, it might take you three, four, five different insurance carriers,” he said.

Insurance

SecureWorld News

MAY 5, 2023

According to a media statement from the City: "Wednesday morning, the City's security monitoring tools notified our Security Operations Center (SOC) that a likely ransomware attack had been launched within our environment.

Ransomware

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