BH Consulting

JUNE 13, 2023

Target the human, swipe the cash: Verizon DBIR 2023 highlights crime trends Manage the human risk and mind your money: those are two key takeaways from Verizon’s 2023 Data Breach Investigations Report. Half of all social engineering attacks involve ‘pretexting’, where criminals fabricate a story to trick the victim.

Social Engineering 52

Social Engineering Data breaches Scams DDOS 52

SecureList

NOVEMBER 9, 2022

The ongoing geopolitical storm brings not only classical cyberthreats for business, but also unpredictable risks and ‘black swans’ The main problem for 2023 will be supply-chain stability and cybersecurity. Yet, in addition to cyber insurance, companies will need a designated DR or RR (Rolling Recovery) plan.

Cybersecurity 121

Cybersecurity Cyber Insurance Cybercrime IoT 121

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 85

Cyber Insurance Insurance Data breaches Phishing 85

SecureWorld News

MAY 5, 2023

Broadnax, who said he is optimistic that the risk is contained. Since City of Dallas' Information and Technology Services detected a cyber threat Wednesday morning, employees have been hard at work to contain the issue and ensure continued service to our residents," he said. Here's the Dallas Morning News' report on the incident.

Ransomware 83

Ransomware Cyber Risk Cyber Insurance Social Engineering 83

Malwarebytes

FEBRUARY 3, 2023

It showed that financials are at significantly higher risk than the average UK business. percent) reporting between 40 and 60 cyber security incidents in the last 12 months. Businesses Many financials not only carry the burden of protecting their customers, but are also at risk of falling victim to cybercrime themselves.

Scams 80

Scams Banking Cyber Insurance Phishing 80

Thales Cloud Protection & Licensing

JULY 21, 2022

Reducing the risk of attacks such as ransomware and malware on CNI will be of paramount importance to the stability of nation states for years to come. For many organizations, paying the ransom can be less damaging than risking any additional impacts. The Threat of Ransomware.

Cyber threats 71

Cyber threats Energy and Utilities Ransomware IoT 71

Security Boulevard

JANUARY 18, 2024

Cybersecurity risks increase every year and bludgeon victims who fail to prepare properly. For those interested in a better understanding of the oncoming risks, this is the information you are looking for. It can feel like crossing a major highway while blindfolded. Many never see the catastrophe about to happen, until it occurs.

Risk 115

Risk Cybersecurity CISO Technology 115

SecureWorld News

NOVEMBER 1, 2021

Americans’ personal information, stolen en masse by state-backed actors and online gangs alike, is being weaponized via increasingly sophisticated social engineering or disinformation campaigns. Criminals and extremists similarly can threaten unprecedented levels of disruption and coercion.

Cybersecurity 75

Cybersecurity Government Cyber Insurance Technology 75

SecureWorld News

OCTOBER 19, 2023

Increased risk of cyberattacks The rising cost of living can lead to an increase in cybercrime, as people become more desperate to make money. Organizations need to be aware of the risks and take steps to protect themselves, even if it means increasing their cybersecurity spending. Many are facing multifaceted challenges.

Cybersecurity 77

Cybersecurity CISO Education Phishing 77

Security Affairs

NOVEMBER 6, 2018

Based on the risk score, CryptoIns experts have calculated insurance rates for cryptocurrency exchange users who can now insure their accounts against cyber threats. It also takes into consideration the quality of the risk management systems, the availability of KYC/AML guidelines and independent ratings of the exchanges.

Insurance 64

Insurance Cryptocurrency Cyber threats Marketing 64

SecureWorld News

APRIL 1, 2021

A storm made more severe by the pandemic, with so many employees working remotely, exacerbating the risk of ransomware. Furthermore, when an organisation has a cyber insurance policy, it might be able to claim the ransom back, which may encourage payment. And now some researchers are labeling it the "perfect storm.".

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

Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Cyber Skills Gap: By 2025, there could be 3.5 million unfilled cyber security jobs, showing a big need for skilled professionals. Market Size: The AI cyber security market was worth around $17.4 million per breach.

Social Engineering 125

Social Engineering Cyber Insurance Cyber Attacks IoT 125

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

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. cyber insurance as a whole was changing heavily. And why is that? It started off pretty easy to get.

Internet 40

Internet Internet Insurance Cyber Insurance 40

eSecurity Planet

MARCH 17, 2023

From there, these tools send alerts to security teams if and when risks are identified. Examples of threatening traffic that IDPS solutions can combat include network intrusions, DDoS attacks, malware, and socially engineered attacks.

Network Security 119

Network Security Penetration Testing Firewall Antivirus 119

Duo's Security Blog

JUNE 21, 2021

While the risk of an employee clicking on a foreign prince’s secret gold offer may be past us, modern-day technologies have evolved and expanded in today’s remote work and IoT-connected settings. Don’t worry though, there's already an insurance policy for that. What is Cyber Liability Insurance?

Insurance 94

Insurance Cyber Insurance Data breaches Social Engineering 94

Pen Test

OCTOBER 10, 2023

Double extortion introduces catastrophic risks of data breach and loss of customer trust if sensitive information gets leaked publicly. With the high stakes, many victims decide the potential reputational harm and liability from data exposure is too great a risk and opt to pay extortion ransoms. Stress reporting suspicious activity.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52

Security Boulevard

JUNE 26, 2022

Hackers and cyber criminals also read the news. Many hacker groups will even approach social engineering to see if anyone in IT or SecOps knows if any layoffs are coming. That $3.29, even with cyber insurance, is still a significant hit to the organization’s bottom line. Updating the composite risk scoring.

Information Security 98

Information Security Technology Marketing Cyber Insurance 98

BH Consulting

SEPTEMBER 7, 2022

As demand for cyber risk insurance increases, two recent developments could have policyholders scrambling to check their cover. In the United States, a judge dismissed a claim against an insurance company that refused to pay extra for losses due to business email compromise. And the cyber insurance market keeps growing.

Insurance 40

Insurance Social Engineering Cyber Risk Cyber Insurance 40