Adam Levin

MARCH 16, 2020

billion in BEC scam-related losses the year before. “BEC/EAC is a sophisticated scam targeting both businesses and individuals performing a transfer of funds,” explained the report. ” The report warned that the methods used by hackers to perpetrate BEC scams were becoming more complicated and difficult to detect.

Scams

CyberSecurity Insiders

FEBRUARY 21, 2023

But now a new file encrypting malware variant has emerged onto the block that demands ransom, based on the insurance cover. ransomware does so during negotiations and tries to find the exact amount to be covered with the cyber insurance and then demands ransom.

Insurance

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 Resilience planning puts focus on recovery readiness.

Cyber Insurance

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

Malwarebytes

MAY 2, 2022

Hospitals taken offline after cyberattack Emotet fixes bug in code, resumes spam campaign “Reject All” cookie consent button is coming to European Google Search and YouTube What’s happening in the world of personal cyber insurance? URGENT BUSINESS PROPOSAL!!!”

Cyber Insurance

Webroot

SEPTEMBER 24, 2024

In today’s world, both small businesses and everyday consumers face a growing number of cyber threats. From ransomware attacks to phishing scams, hackers are becoming more sophisticated. For consumers: Stay alert to potential phishing attacks or scams related to global events. For consumers: Be wary of AI-driven scams.

Cyber threats

Malwarebytes

FEBRUARY 3, 2023

million (roughly $750 million) through authorized and unauthorized fraud and scams in the UK alone. ” Another report, called the ‘ State of cyber security in the UK ’, surveyed 500 UK-based cybersecurity strategy decision makers. Blocking scam text messages. Unauthorized payment card fraud. How can we help?

Scams

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

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

BH Consulting

JULY 17, 2024

Cyber insurance: whisper it, but it seems to be working Cyber insurance premiums have dropped by 15 per cent compared to their peak in 2022. Even though more companies are buying cyber insurance, Howden found prices are falling through a combination of more providers in the market, and companies improving their security.

Cyber Insurance

CyberSecurity Insiders

JANUARY 6, 2023

By the time they adjust their processes, beef up their defenses, and add new layers of security, they find themselves battling more virulent ransomware strains and cyber-scams. Insurance Refusals and Rate Hikes. But not insurance companies.

Backups

SecureWorld News

AUGUST 11, 2020

The story garnered local coverage and offered insights on possible attack vectors: "According to the city, a preliminary investigation shows the ransomware entered the city's network through a phishing scam or brute force, and looks like a random attack.". In these Florida cases, most of each ransom demand was paid by cyber insurance.

Ransomware

SecureWorld News

NOVEMBER 22, 2021

The Business Email Compromise (BEC) scam is one of the simplest and most damaging attacks businesses can face with losses ranging from hundreds to millions of dollars. According to the Federal Bureau of Investigation (FBI), losses due to BEC scams since 2013 total around $28 billion dollars and it is the most profitable cybercrime there is.

Scams

SecureWorld News

SEPTEMBER 14, 2021

The school district’s cyber insurance provided free credit monitoring, but many parents were still puzzled by how to report the problem and what steps they should take next to protect their children. Other cyber scams where children's data can be vulnerable. Besides that … there is precious little they can.

Cyber Insurance

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. Here, the gimmick was compromising the network, locking up important files and/or servers and demanding cash to release them back to victims.

Ransomware

Webroot

SEPTEMBER 27, 2024

In today’s world, both small businesses and everyday consumers face a growing number of cyber threats. From ransomware attacks to phishing scams, hackers are becoming more sophisticated. For consumers: Stay alert to potential phishing attacks or scams related to global events. For consumers: Be wary of AI-driven scams.

Cyber threats

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. What security measures will the insurance company ask you to have?

Insurance

BH Consulting

JUNE 13, 2023

Finance fraud and phishing scams increase in Ireland, too Financial fraud and scams in Ireland have risen by 560 per cent in three years. The story also tracks a big increase in investment frauds, romance frauds and online auction scams since 2019. MORE UK NCSC calls on the cyber insurance market to become more sophisticated.

Social Engineering

Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. ” APLHV disbanded in late December 2023 after conducting an exit scam against its affiliates.

Cyber Attacks

Security Affairs

FEBRUARY 25, 2024

Apple created post-quantum cryptographic protocol PQ3 for iMessage Russian hacker is set to face trial for the hack of a local power grid Microsoft released red teaming tool PyRIT for Generative AI CISA orders federal agencies to fix ConnectWise ScreenConnect bug in a week FTC charged Avast with selling users’ browsing data to advertising companies (..)

Spyware

Malwarebytes

JULY 11, 2022

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

Cyber Insurance

BH Consulting

MAY 29, 2025

Some companies rely on cyber insurance as an extra layer of protection but Brian observed that filling out the forms to get cover has got more onerous as firms demand more evidence that clients are at least taking basic measures to protect themselves. The last point delivers the biggest bang for your buck in security, Brian argued.

Scams

BH Consulting

MAY 29, 2025

MORE A BBC investigation shows theres more than one victim in cyber scams. MORE UK cyber insurance claims were the second highest on record last year. MORE CISA best practices for securing data used to train AI models. MORE Europols latest podcast explores the changing DNA of crime.

Cyber Insurance