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 102

Cyber Insurance Insurance Marketing Ransomware 102

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 134

Insurance Cyber Attacks Cyber Insurance Manufacturing 134

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

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 137

Ransomware Cyber Insurance Backups Insurance 137

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 99

Software Ransomware Insurance Cyber Insurance 99

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 128

Cyber threats Cyber Insurance Insurance Cyber Risk 128

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 203

Cyber threats Cyber Insurance Cybersecurity Threat Detection 203

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 76

Ransomware Cyber Insurance Education Insurance 76

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 105

Cyber Insurance Insurance Marketing Firewall 105

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 126

Insurance Cyber Insurance Cybersecurity Government 126

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 73

Education Ransomware Cyber Insurance Insurance 73

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 83

Cyber Insurance Insurance Cyber Risk Government 83

CyberSecurity Insiders

APRIL 23, 2021

Poisoning a Florida based water utility through Cyber Attack- Hackers somehow infiltrated a Florida based water utility to increase the amount of Sodium Hydroxide in the water supply to dangerous level making the staff take the help of FBI to track down the culprits.

Cyber Attacks 145

Cyber Attacks Insurance Cyber Insurance Ransomware 145

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 98

Ransomware Cyber Insurance Financial Services Retail 98

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 53

Cybersecurity Cyber Insurance Insurance Data breaches 53

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 133

IoT Technology Software Digital transformation 133

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 78

Scams Banking Cyber Insurance Phishing 78

Security Boulevard

JUNE 23, 2022

For instance, the IBM X-Force Command Cyber Tactical Operation Center offers a training platform that can run full-scale simulations of cyber incidents. 7 Practise dealing with the media. Serious cyber incidents will hit the headlines, so you need to have a media management strategy ready to limit any reputational damage.

Insurance 52

Insurance Cyber Risk CISO Cyber Insurance 52

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 65

Cybersecurity Cyber Insurance Insurance Ransomware 65

eSecurity Planet

SEPTEMBER 29, 2022

Company reputation is not only of interest to current and potential customers, but it’s also important to market analysts, lenders, and insurance companies. Poor cybersecurity reports can impact analyst recommendations and raise costs for loans and cyber insurance ,” said Taylor.

Insurance 113

Insurance Software Internet Internet 113

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 117

Ransomware Insurance Cyber Insurance Social Engineering 117

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 107

Cyber threats Insurance Cyber Insurance Ransomware 107

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 96

Encryption Cyber Insurance Insurance Risk 96

SC Magazine

JUNE 15, 2021

Coats is a member of the Cybersecurity Collaborative , a chief information security officer membership organization owned by SC Media parent company CyberRisk Alliance. Will our cyber insurer buy it or would we?” The post C-suites adapt to ransomware as a cost of doing business appeared first on SC Media.

Ransomware 60

Ransomware Insurance Cyber Insurance Risk 60

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 75

Insurance Cyber Insurance Risk Media 75

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 83

Ransomware Cyber Risk Cyber Insurance Social Engineering 83

CyberSecurity Insiders

JANUARY 20, 2022

Prior, Bill founded two of the largest US based out-of-home advertising companies and from 2013 to 2020 served as Chief Executive Officer and Chairman of Access Sports Media (ASM) in partnership with Columbia Capital. He joins Acrisure from Private Equity fund Abry Partners, where he served as an Operating Partner.

Insurance 59

Insurance Cyber Risk Small Business Financial Services 59

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 61

Cyber Insurance Insurance Risk Cyber Risk 61

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 363

Insurance Cyber Insurance Cybersecurity Small Business 363

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

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 142

Data breaches Cyber Insurance Hacking Insurance 142

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 113

Data breaches Insurance Healthcare Education 113

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 117

Insurance Government Ransomware Risk 117

SC Magazine

JUNE 30, 2021

Of that group, some were willing to let their districts part with sizable amount of money, even though local taxpayers would be (at the very least indirectly via cyber insurance costs) taking a hit as well. The post When it’s personal: Dueling attitudes emerge toward paying ransomware demands appeared first on SC Media.

Ransomware 82

Ransomware Backups Cyber Insurance Media 82

Cytelligence

FEBRUARY 4, 2020

The 2019 Cybersecurity Almanac published by Cisco and Cybersecurity Ventures predicts that cyber events will cost $6 trillion annually by 2021, as companies are digitizing most of their processes and are often operating remotely. Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025.

Penetration Testing 45

Penetration Testing Insurance Data preservation Cyber Insurance 45

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%). Double extortion ransomware increased by 117%. Supply chain ransomware attacks are on the rise. Have a response plan.

Ransomware 105

Ransomware Architecture Manufacturing Encryption 105

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. So from software, media, everything else of that nature. cyber insurance as a whole was changing heavily.

Internet 40

Internet Internet Insurance Cyber Insurance 40