article thumbnail

5 Trends to Watch for Cybersecurity in 2023

SecureWorld News

Security experts have warned for years about the possibility of social engineering attacks with deepfakes, and the technology has matured enough for 2023 to see hackers successfully leverage it. Cyber insurance trends in 2023.

article thumbnail

A week in security (June 28 – June 4)

Malwarebytes

Other cybersecurity news.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

REvil ransomware’s calling, and it’s not good news

Malwarebytes

Malware authors and social engineers have relied on shame and the threat of exposure for years. This threat comes from old passwords taken from password dumps—which have probably long since changed—which could lend some believed credibility to the threat. Shaming victims into action.

article thumbnail

4 ways businesses can save money on cyber insurance

Malwarebytes

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.

article thumbnail

The Ongoing Cyber Threat to Critical Infrastructure

Thales Cloud Protection & Licensing

However, this stance indicates a lack of understanding of the effects of all the parties involved, such as cyber insurance underwriters, incident response firms, government regulations, and ransomware attribution. For many organizations, paying the ransom can be less damaging than risking any additional impacts.

article thumbnail

Group-IB and CryptoIns introduce the world’s first insurance against cyber threats for cryptocurrency exchanges

Security Affairs

Group-IB assesses cryptocurrency exchanges’ security with criteria such as level of technical security, the reliability of storage of keys, passwords, and personal data of customers. Security Affairs – cyber insurance, cryptocurrency exchanges ). What is cryptocurrency exchanges’ security assessment? Pierluigi Paganini.

article thumbnail

MFA Will Not Save the Insurance Industry

IT Security Guru

Everyone in the cyber insurance industry or trying to get cyber insurance today knows that using multifactor authentication (MFA) is an absolute make-or-break requirement for getting a cyber insurance policy; or if you can get a policy without MFA, you will pay a hefty increased premium for the same amount of coverage.

Insurance 110