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.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

eSecurity Planet

JULY 12, 2022

The first signs of the ransomware attack at data storage vendor Spectra Logic were reports from a number of IT staffers about little things going wrong at the beginning of the day. Screens then started to display a ransom demand, which said files had been encrypted by the NetWalker ransomware virus. Cyber Insurer Provides Help.

Ransomware 138

Ransomware Cyber Insurance Backups Insurance 138

CyberSecurity Insiders

JUNE 22, 2023

Instead, the ransom pay can be covered from a cyber insurance policy, provided it is taken prior to the launch of the attack and covers the costs associated with the malware attack. Remember, prevention is key when it comes to ransomware attacks. Nope, says a renowned international bank from UK.

Ransomware 96

Ransomware Banking Cyber Insurance Insurance 96

Webroot

JULY 25, 2022

Cyber insurance becomes mainstream discussion. As cyberattacks have become more costly and more challenging to track, cyber insurance has gained prominence across the industry. The cyber insurance market is expected to reach around $20B by 2025.

Cyber Insurance 124

Cyber Insurance Insurance Marketing Phishing 124

CyberSecurity Insiders

OCTOBER 26, 2022

The impact of ransomware attacks on businesses is twofold. While many equate ransomware with encrypted files and potential ransom payments, the consequences go even further in terms of the costs and requirements of an organization. The Dangers of Ransomware Attacks. By Rajesh Ram, Chief Strategy Officer at Egnyte.

Ransomware 120

Ransomware Cyber Insurance Insurance Risk 120

Duo's Security Blog

MAY 23, 2022

Cyber liability insurance can be a lifeline in the event of a major incident or breach. Cyber incidents rose 35% in 2020 with data breaches costing businesses an average of $4.24 million per year , resulting in cyber insurance premiums jumping up by 50-100%. No doubt, cyber insurance is a hot topic right now.

Insurance 78

Insurance Cyber Insurance Data breaches Backups 78

Thales Cloud Protection & Licensing

MAY 9, 2022

It is hard to believe that it has already been one year since the Colonial Pipeline ransomware attack that forced the U.S. This attack was one of the biggest ransomware ones to date. Attacks on Critical National Infrastructure will continue to rise in 2022 as ransomware gangs show no signs of abating. Mon, 05/09/2022 - 05:40.

Cyber Insurance 71

Cyber Insurance Insurance Backups Ransomware 71

Malwarebytes

MAY 2, 2022

Last week on Malwarebytes Labs: Why MITRE matters to SMBs Apple’s child safety features are coming to a Messages app near you Why software has so many vulnerabilities, with Tanya Janca: Lock and Code S03E09 Watch out for this SMS phish promising a tax refund Rogue ads phishing for cryptocurrency: Are you secure?

Cyber Insurance 62

Cyber Insurance Insurance Cryptocurrency Scams 62

Cytelligence

JANUARY 27, 2020

Ransomware is becoming an epidemic in the cybersecurity world, with new strains being created continuously by criminals to extort money out of unsuspecting users. What is Ransomware? Ransomware is a devastating attack on an organization’s or individual’s digital assets. Damages from ransomware in 2019 rose to over $11.5

Ransomware 53

Ransomware Cyber Insurance Insurance Encryption 53

Cisco Security

JANUARY 10, 2023

As a result of this, next year we could see CISOs tightening up the disclosure decision making process, focusing on quicker and greater clarity on breach impact, and even looking to include personal liability cover in cyber insurance contracts. Increasing demands from insurers. Ransomware and how to deal with it.

CISO 125

CISO Insurance Cyber Insurance Phishing 125

SecureWorld News

MAY 5, 2023

The City of Dallas, Texas, was forced to shut down police communications and IT systems on Monday morning, May 1, due to a suspected ransomware attack. Subsequently, the City has confirmed that a number of servers have been compromised with ransomware, impacting several functional areas, including the Dallas Police Department Website."

Ransomware 77

Ransomware Cyber Risk Cyber Insurance Social Engineering 77

Malwarebytes

JULY 11, 2022

The post A week in security (July 4 – July 10) appeared first on Malwarebytes Labs.

Cyber Insurance 73

Cyber Insurance Insurance Spyware Healthcare 73

eSecurity Planet

FEBRUARY 16, 2021

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. A ransomware attack is about as bad as a cyber attack can get. Jump to: What is ransomware? How ransomware works. Preventing ransomware. Ransomware attacks and costs.

Ransomware 97

Ransomware Backups Software Encryption 97

Threatpost

OCTOBER 25, 2019

Targeted ransomware, mobile malware and other attacks will surge, while companies will adopt AI, better cloud security and cyber insurance to help defend and protect against them.

Mobile 48

Mobile Cyber Insurance Malware Ransomware 48

Malwarebytes

JULY 5, 2021

Researchers explore the insecure world of the subdomain (Source: Can i take your subdomain) Cyber insurance model is broken, consider banning ransomware payments (Source: The Register) How facial recognition solutions can safeguard the hybrid workplace (Source: Help Net Security) Capital One hacker faces fresh charges for 2019 hacking spree (Source: (..)

Cyber Insurance 94

Cyber Insurance Social Engineering Scams Insurance 94

Security Boulevard

MAY 12, 2022

Phishing attacks? Even with the advancements in network isolation, containment, and prevention at the endpoint, hackers will still bypass predictive controls to execute malware attacks, ransomware exploits, account takeovers.etc. What Is Not Covered Under Cyber Insurance? Answer: More capacity! Make it faster!

Cyber Insurance 104

Cyber Insurance Insurance Marketing Firewall 104

Webroot

SEPTEMBER 7, 2023

The number of ransomware attacks has increased by 18% , while the worldwide volume of phishing attacks doubled to 500 million in 2022. The best way to weather these challenges is to become a cyber resilient business. Cybercrime is on the rise. And those attacks are costing companies a lot of money.

Encryption 89

Encryption Cyber Insurance Cybercrime Phishing 89

SecureList

NOVEMBER 9, 2022

Supply-chain will become more of a sweet spot for targeted ransomware and state-sponsored espionage campaigns. Phishing attacks are going to become even more sophisticated, since a lot of basic tactics have already been tried this year, and businesses learned to repel those. Businesses will still be mostly concerned with ransomware.

Cybersecurity 121

Cybersecurity Cyber Insurance Cybercrime IoT 121

The Last Watchdog

OCTOBER 5, 2023

Erin: What are some of the biggest cyber threats that businesses face today? Byron: The economic impact of phishing, ransomware, business logic hacking, Business Email Compromise (BEC) and Distributed Denial of Service (DDoS) attacks continues to be devastating. Erin: How has the ransomware threat evolved in recent years?

Cyber threats 190

Cyber threats Cyber Insurance Cybersecurity Threat Detection 190

SecureWorld News

APRIL 1, 2021

Ransomware has been one of the hottest topics in cybersecurity during the last year. A storm made more severe by the pandemic, with so many employees working remotely, exacerbating the risk of ransomware. However, there are other contributing factors to the rise in ransomware the world witnessed in 2020.

Ransomware 57

Ransomware Cyber Insurance Social Engineering Cybercrime 57

SecureWorld News

NOVEMBER 12, 2020

First, however, let's look at the top 15 cyber threats organizations face right now, according to the report: Malware. Ransomware. Cyber Espionage. So that is the top 15 list of cyber threats according to the European Union. Researchers also found that file-less ransomware skyrocketed and that trend makes sense.

Cyber threats 105

Cyber threats Insurance Cyber Insurance Ransomware 105

Security Boulevard

AUGUST 22, 2022

Even with ransomware costing billions of dollars in losses and cyber insurance claims, organizations are still impacted beyond the checkbook. Cyber incidents happen every day. Email phishing, brute force, and even employees leaving with a host of USB sticks, organizations face countless and often unreported cyber attacks.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance CISO 98

Cytelligence

JANUARY 14, 2020

More targeted ransomware – 2019 saw ransomware exploits getting highly targeted against specific businesses, as well as local government. Increasingly, phishing involves SMS texting attacks against mobiles or use of messaging on social media and gaming platforms. These services typically include: Ransomware analysis.

Cybersecurity 65

Cybersecurity Cyber Insurance Insurance Ransomware 65

Webroot

JUNE 2, 2022

The cyber threat landscape keeps evolving at lightning-speed. According to the latest 2022 BrightCloud® Threat Report , small to medium-sized businesses (SMBs) are particularly vulnerable to becoming a victim of a ransomware attack. Ransomware, malware and phishing threats keep evolving.

Threat Detection 101

Threat Detection Cyber Insurance Small Business Insurance 101

Security Affairs

APRIL 24, 2022

T-Mobile confirms Lapsus$ had access its systems Are you using Java 15/16/17 or 18 in production? Patch them now!

Cyber Insurance 84

Cyber Insurance Spyware Firmware Insurance 84

Malwarebytes

SEPTEMBER 30, 2022

Build a playbook for ransomware response and recovery. Cyber Resilience Review (CRR) : The CRR assessment evaluates your organization’s operational resilience and cybersecurity practices. Phishing Campaign Assessment (PCA) : Evaluates an organization’s susceptibility and reaction to phishing emails.

Government 57

Government Cybersecurity Cyber Insurance Insurance 57

Malwarebytes

JULY 10, 2022

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.

Cyber Insurance 83

Cyber Insurance Insurance Data breaches Phishing 83

Centraleyes

APRIL 9, 2024

Insurance Woes While grappling with the aftermath of breaches, organizations face an unexpected challenge – soaring cyber insurance premiums. Ransomware Realities In a concerning trend, evidence suggests that companies are increasingly open to paying ransoms as part of their breach response strategy. or USD 470,000.

Data breaches 52

Data breaches Cyber Insurance Insurance Ransomware 52

SecureWorld News

DECEMBER 7, 2022

From advancements in artificial intelligence (AI) to the continued evolution of ransomware and cyberattacks, the coming year is sure to bring significant developments in the world of cybersecurity. Cyber insurance trends in 2023. I t will be crucial for everyone to stay informed and prepared.

Cybersecurity 87

Cybersecurity Cyber Insurance Insurance Social Engineering 87

Duo's Security Blog

OCTOBER 18, 2021

Cyber Liability Insurance Invests in MFA Multi-factor authentication has been around longer than most current college students have been alive, but when it comes to strong authentication modern MFA changed the game. MFA is core to implementing a zero trust stance to protect your campus. Higher education campuses in the U.S.

Insurance 65

Insurance Education Risk Cyber Insurance 65

Malwarebytes

FEBRUARY 3, 2023

The threat which was mentioned the most in responses to the survey was phishing. This is no surprise as phishing is often the prelude to more serious threats like ransomware, breaches, and BEC scams. Other worries were the rise in premium prices for cyber insurance, and the security implications of the rise in flexible working.

Scams 77

Scams Banking Cyber Insurance Phishing 77

SecureWorld News

AUGUST 11, 2020

One Colorado city's response to a ransomware attack caused us to ask a serious question: how much taxpayer money is being handed over to cybercriminals in the form of ransom? Ransomware attack on Colorado city. The ransomware operators demanded $45,000 in ransom, and the city decided to pay it. Let's explore this topic further.

Ransomware 65

Ransomware Cyber Insurance Insurance Scams 65

BH Consulting

JUNE 22, 2021

Some policies exclude claims for extortion and fraud, which rules out payouts for ransomware attacks and invoice re-direct scams. In 2019, the US food company Mondelez sued its insurance provider Allianz for refusing to pay a $100 million claim for ransomware damages. If so, would this be acceptable to your board of directors?

Insurance 83

Insurance Cybersecurity Cyber Insurance Cyber Risk 83

Security Boulevard

JULY 30, 2022

Ransomware, the attack on management consoles, and whale phishing continue to spread across new attack surfaces in organizations. In the case of ransomware, should the organization pay the ransom? Will cyber insurance continue to be an option that organizations can rely on? Distortion or reality?

Cyber Attacks 108

Cyber Attacks Artificial Intelligence Education Cyber Insurance 108

BH Consulting

JUNE 13, 2023

Ransomware didn’t actually grow year on year; it held steady at 24 per cent of breaches. Security Week’s report focused on the rising cost to recover from a ransomware incident even as ransom amounts themselves are lower. Verizon believes this suggests ransomware victims are a higher proportion of smaller companies than before.

Social Engineering 52

Social Engineering Data breaches Scams DDOS 52

Adam Levin

MARCH 16, 2020

That is exponentially more expensive than other cyber events. Consider that the average cost for a ransomware attack against a business is about $4,400, and your run of the mill phishing incident weighs in at a much less hefty $500. So Isn’t BEC Just Another Form of Phishing? It’s Time to Do Something.

Scams 130

Scams Identity Theft Phishing Accountability 130

SC Magazine

JULY 13, 2021

The data supports a June Avanan report , which confirmed health care has been among the most targeted with phishing attacks during the first half of 2021, alongside the IT and manufacturing industries. The health care sector saw over 6,000 phishing emails out of an average of 451,792 emails. Another 20.7% were attributed to extortion.

Data breaches 113

Data breaches Insurance Healthcare Education 113