Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. Cyber has changed everything around us – even the way we tackle geopolitical crisis and conflicts. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance.

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Cyber Insurance Insurance Risk Technology 80

CSO Magazine

FEBRUARY 21, 2023

But enterprise cybersecurity is a team sport involving multiple players—encompassing everything from technology vendors to cyber insurance providers and cyber defense platforms. Keep reading for our top takeaways from the event, and click here to watch the full webinar recording.

Cyber Insurance 70

Cyber Insurance Insurance Cybersecurity Technology 70

CyberSecurity Insiders

AUGUST 26, 2022

Lloyd’s London, one of the largest insurance services providers in the world, has disclosed that it is making amendments to its cyber insurance laws that will come into effect from March 2023. And so does Lloyd that sent a memo to the company’s 75 insurance syndicates.

Cyber Insurance 90

Cyber Insurance Insurance Cyber Attacks Risk 90

SC Magazine

JUNE 28, 2021

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. However, in practice, it is still yet to be seen if cyber insurance can fulfil this promise.”.

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Cyber Insurance Insurance Ransomware Marketing 136

eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers.

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Cyber Insurance Insurance Cyber Attacks Ransomware 127

SecureWorld News

MAY 26, 2021

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year. cyber insurance market.

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Cyber Insurance Insurance Cyber Risk Marketing 56

Dark Reading

NOVEMBER 16, 2023

Organizations are also looking at threat intelligence, risk assessment, cyber insurance, and third-party risk management.

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Cyber Insurance Technology Insurance Cybersecurity 93

SC Magazine

MAY 24, 2021

Overall, insurance companies seem to be responding to increased demand from clients for cyber-specific insurance, and one survey found that the two things most likely to spur a purchase of cyber insurance are when a business experiences a cyber attack and when they hear about other companies being hit by a cyber attack.

Cyber Insurance 94

Cyber Insurance Insurance Marketing Cyber Risk 94

SecureWorld News

SEPTEMBER 10, 2020

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. 4 key takeaways from cyber insurance industry report. Cyber insurance works.

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Cyber Insurance Insurance Ransomware Cyber Attacks 54

Duo's Security Blog

OCTOBER 7, 2022

As I covered in my other blog — Cyber Liability Insurance Essentials for Small and Medium-Sized Enterprises — there are several approaches firms can take to increase their chances of obtaining a policy. Small business cyber insurance: Is it really needed?

Small Business 72

Small Business Cyber Insurance Insurance Cyber Risk 72

The Hacker News

APRIL 10, 2023

As technology advances, cyberattacks are becoming more sophisticated. With the increasing use of technology in our daily lives, cybercrime is on the rise, as evidenced by the fact that cyberattacks caused 92% of all data breaches in the first quarter of 2022.

Cyber Insurance 90

Cyber Insurance Insurance Cybersecurity Data breaches 90

The Hacker News

JULY 6, 2023

As technology advances and organizations become more reliant on data, the risks associated with data breaches and cyber-attacks also increase. The introduction of data privacy laws, such as the GDPR, has made it mandatory for organizations to disclose breaches of personal data to those affected.

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Cyber Insurance Insurance Data privacy Data breaches 86

CyberSecurity Insiders

DECEMBER 11, 2021

NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced it is partnering with leading cyber insurance companies to help businesses manage their risks online. As a result, some insurance companies have had to raise premiums to cover their costs.

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Cyber Insurance Insurance Cyber Risk Risk 52

SC Magazine

MAY 19, 2021

Today’s special columnist, Scott Register of Keysight Technologies, says government and industry must come together to secure the nation’s critical infrastructure in the wake of the Colonial Pipeline hack. The post How the ransomware explosion is reshaping the cyber insurance market appeared first on SC Media.

Cyber Insurance 102

Cyber Insurance Insurance Marketing Ransomware 102

Centraleyes

MARCH 28, 2024

Coalition, a leader in cyber insurance, has added a positive endorsement for artificial intelligence (AI) to its cyber insurance plans for the US and Canada. Cyber insurance policies have traditionally focused on protecting against risks posed by human actors, such as hackers or insiders.

Artificial Intelligence 52

Artificial Intelligence Cyber Insurance Insurance Technology 52

SecureWorld News

JANUARY 31, 2024

Cyber risk is an existential issue for companies of all sizes and in all industries. The integration of technology and automation, and related collection, use, and sharing of information into everyday business practices presents an enormous opportunity for efficiency and precision, especially in the real estate sector.

Risk 79

Risk Cyber Insurance Insurance Data breaches 79

CyberSecurity Insiders

DECEMBER 9, 2021

Therefore, any company serving energy, water, technology or manufacturing sector, thinking to keep its IT assets safe through a cyber insurance coverage, should think twice before taking a coverage policy. And the new rule applies to all companies operating in France, Japan, Russia, China, United States and United Kingdom.

Insurance 134

Insurance Cyber Attacks Cyber Insurance Manufacturing 134

Security Boulevard

NOVEMBER 24, 2023

Variances and unpredictability make insurers nervous. In response to failures to predict claims, insurers have been raising premiums to cover the risk gap. Additionally, upper limits for insurability and various exception clauses are being instituted, which diminish the overall value proposition for customers.

Insurance 72

Insurance Risk Cyber Insurance Cybersecurity 72

Krebs on Security

OCTOBER 1, 2020

But Fabian Wosar , chief technology officer at computer security firm Emsisoft , said Treasury’s policies here are nothing new, and that they mainly constitute a warning for individual victim firms who may not already be working with law enforcement and/or third-party security firms.

Ransomware 358

Ransomware Cyber Insurance Insurance Cybercrime 358

Dark Reading

SEPTEMBER 10, 2020

Whilst GDPR has put the spotlight on data privacy and cyber issues, there are other more prominent trends that are driving a greater take-up of cyber insurance, says Ben Maidment, Class Underwriter - Cyber, Physical & Technology at Brit Insurance.

Insurance 103

Insurance Cyber Insurance Data privacy Cybersecurity 103

Webroot

JULY 25, 2022

Threat intelligence solutions using AI/ ML technologies can prevent false positives and reduce alert fatigue – helping cybersecurity professionals focus on strategic priorities instead of spending all their time reacting to security alerts and potential incidents. Cyber insurance becomes mainstream discussion.

Cyber Insurance 124

Cyber Insurance Insurance Marketing Phishing 124

SecureWorld News

MAY 9, 2023

The attacker managed to upload ransomware into the department's information technology system, which resulted in the department's operations being affected. This case also adds to an already interesting discussion related to ransomware and cyber insurance. Should organizations be required to have cyber insurance?

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Cyber Insurance Insurance Ransomware Encryption 84

CyberSecurity Insiders

MAY 1, 2023

Almost all of those who suffered consequences related to a data spill are likely, or have already, filed a lawsuit against their technology partners. Now the big question: Is there any benefit in filing a lawsuit against the technology service provider for a data breach?

Data breaches 138

Data breaches Cyber Insurance Insurance Technology 138

Security Affairs

FEBRUARY 6, 2021

Packaging giant WestRock revealed this week that the recent ransomware attack impacted the company’s IT and operational technology (OT) systems. ” WestRock confirmed that it has cyber insurance business interruption insurance.

Ransomware 139

Ransomware Cyber Insurance Insurance Technology 139

CompTIA on Cybersecurity

DECEMBER 23, 2021

Cybersecurity was a big focus for CompTIA in 2021, producing a tremendous volume of content and data detailing how MSPs and other technology companies are responding to the latest cyberattacks, ransomware, hacks, and other cybercriminal behavior.

Cyber Insurance 68

Cyber Insurance Cybersecurity Insurance Technology 68

Thales Cloud Protection & Licensing

MAY 9, 2022

While implementation of security technologies such as multi-factor authentication and encryption have slightly increased, we have not yet reached the level where the majority of applications, data and operational technology are fully protected. Cyber insurance coverage ramps up.

Cyber Insurance 71

Cyber Insurance Insurance Backups Ransomware 71

SecureWorld News

AUGUST 18, 2020

Here is Carnival Corporation's ransomware and cyber incident statement, in full: On August 15, 2020, Carnival Corporation and Carnival plc (together, the "Company," "we," "us," or "our") detected a ransomware attack that accessed and encrypted a portion of one brand’s information technology systems. And if so, how much?

Cyber Insurance 80

Cyber Insurance Ransomware Insurance Technology 80

eSecurity Planet

JULY 12, 2022

Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. Also read: Top 8 Cyber Insurance Companies for 2022 Best Ransomware Removal and Recovery Services. Most had been infected.

Ransomware 136

Ransomware Cyber Insurance Backups Insurance 136

SecureWorld News

DECEMBER 7, 2022

As the world becomes increasingly reliant on technology, cybersecurity remains a top priority for individuals, businesses, and governments alike. As cyber professionals continue to adopt the technology, so will malicious threat actors. Cyber insurance trends in 2023.

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Cybersecurity Cyber Insurance Insurance Social Engineering 87

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. These attacks have driven the cost of cyber insurance premiums higher. Cyber insurance has become more critical to organizations to help offset the risk to the company.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance CISO 98

The Last Watchdog

AUGUST 8, 2022

Our technological world is advancing at dizzying speeds. While it may all sound risky, we should not shy away from adopting and leveraging complex technology like digital twins. Each scenario then needs practice, to ensure everyone is ready should a situation arise. Preparation and planning are key.

Artificial Intelligence 210

Artificial Intelligence Cyber Insurance Risk Telecommunications 210

The Last Watchdog

OCTOBER 5, 2023

Byron: I was initially drawn to cybersecurity as a USA TODAY technology reporter assigned to cover Microsoft. Erin: What cybersecurity technologies are you most excited about right now? How can individuals and organizations detect and protect themselves against the misuse of deep fake technology? Erin: So, let’s get started.

Cyber threats 190

Cyber threats Cyber Insurance Cybersecurity Threat Detection 190

Security Boulevard

MAY 12, 2022

What Is Not Covered Under Cyber Insurance? Cyber insurance will not cover the cost for security remediation, the purchase of new security technology, or any 3rd pen testing, auditing, or installation of any security products. Below is a list of adaptive controls needed for cyber insurance.

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Cyber Insurance Insurance Marketing Firewall 105

CyberSecurity Insiders

APRIL 19, 2022

And that about 30% of them have sought cyber insurance as a cover to business loss, just in case another digital assault strikes them. The figure reveals us the mindset of most of the CIOs, CTOs and the business heads of technology companies.

Ransomware 120

Ransomware Cyber Insurance Insurance Cryptocurrency 120

eSecurity Planet

OCTOBER 18, 2021

“From a technological standpoint this is a fairly old case, so whatever was in place then probably isn’t relevant to what needs to be in place today – but it does tie together the absolute gravity of the situation that we’re in,” Crockett said. ” Cyber Insurance No Longer Reliable.

Ransomware 93

Ransomware Cyber Insurance Insurance Digital transformation 93

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.

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Cyber Insurance Insurance Data breaches Phishing 92

SecureWorld News

NOVEMBER 2, 2022

In the private sector, he was a CISO for an insurance company, credit card processor, bank, credit union, and IT Managed Service Provider. He has also succeeded in other IT risk management roles in the financial services, technology, telecom, and logistics industries. He lives in Seattle with his wife and six kids.

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Cybersecurity Cyber Insurance Insurance Cyber Risk 83