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

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 78

Scams Banking Cyber Insurance Phishing 78

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? BEC has a home In the pantheon of ishings.

Scams 130

Scams Identity Theft Phishing Accountability 130

SecureWorld News

MAY 5, 2023

Our team has handled several ransomware attacks by the Royal threat actor group, and each of those started with a callback phishing attack that exploited people, first, to gain initial access into the network, so it would not surprise me if that is what happened in this attack on the City of Dallas, as well.

Ransomware 83

Ransomware Cyber Risk Cyber Insurance Social Engineering 83

SecureWorld News

OCTOBER 19, 2023

Additionally, cybercriminals may be able to use inflation to their advantage, such as by sending phishing emails that appear to be from legitimate companies offering discounts or assistance. Organizations should educate their employees about cybersecurity best practices and how to identify and avoid phishing attacks.

Cybersecurity 77

Cybersecurity CISO Education Phishing 77

SecureWorld News

OCTOBER 20, 2021

In the past, we have experienced, and in the future, we may again experience, data security incidents resulting from unauthorized access to our and our service providers’ systems and unauthorized acquisition of our data and our clients’ data including: inadvertent disclosure, misconfiguration of systems, phishing ransomware or malware attacks.

Cyber Risk 81

Cyber Risk Risk Insurance Cyber Insurance 81

Thales Cloud Protection & Licensing

JULY 21, 2022

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.

Cyber threats 71

Cyber threats Energy and Utilities Ransomware IoT 71

SecureWorld News

APRIL 1, 2021

Furthermore, when an organisation has a cyber insurance policy, it might be able to claim the ransom back, which may encourage payment. That is an incredibly difficult situation to be put in, and one that is contributing to the problem.

Ransomware 56

Ransomware Cyber Insurance Social Engineering Cybercrime 56

IT Security Guru

DECEMBER 5, 2022

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

Insurance Cyber Insurance Phishing Social Engineering 110

Security Affairs

FEBRUARY 8, 2024

26 key cyber security stats for 2024 that every user should know, from rising cyber crime rates to the impact of AI technolog y. Cyber Crime Surge: During COVID-19 , cyber crimes shot up by 600%, showing how threats adapt to global changes. Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches.

Social Engineering 124

Social Engineering Cyber Insurance Cyber Attacks IoT 124

NetSpi Executives

APRIL 27, 2024

Ransomware, a definition Ransomware is a set of malware technologies, hacking techniques, and social engineering tactics that cybercriminals use to cause harm, breach data, and render data unusable. Ransomware attackers get into a network in many ways: Social engineering. Should I get a ransomware cyber insurance policy?

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

Duo's Security Blog

JUNE 21, 2021

According to Verizon’s most recent Data Breach Incident Report , instances of advanced ransomware have doubled in the past year, alongside major upticks in phishing attacks and social engineering. Don’t worry though, there's already an insurance policy for that. What is Cyber Liability Insurance?

Insurance 100

Insurance Cyber Insurance Data breaches Social Engineering 100