Approachable Cyber Threats

JULY 31, 2023

If you’re a publicly traded company, you’re required to report cybersecurity events that impact the bottom line to your investors. In the event of a cybersecurity incident you’re expected to report it to investors within just four days. and then repeat that process for the many other risks that could lower the value of your investment.

Cybersecurity 98

Cybersecurity Risk Cyber Risk Data breaches 98

CyberSecurity Insiders

FEBRUARY 3, 2023

Therefore, the collaboration is said to use artificial intelligence to better detect network intrusions in an automated way that will improve cyber risk management of critical infra such as power utilities. The post Australia entities suffer Cyber Attacks and QUAD update appeared first on Cybersecurity Insiders.

Cyber Attacks 117

Cyber Attacks Artificial Intelligence Identity Theft Cyber Risk 117

SecureWorld News

APRIL 17, 2023

Pros of cyber insurance Financial protection: Cyber insurance can help protect an organization from significant financial losses resulting from a cyberattack or data breach. The cost of the policy may outweigh the potential financial benefit in the event of a cyber incident. Is it required?

Cyber Insurance 99

Cyber Insurance Insurance Risk CISO 99

Spinone

DECEMBER 20, 2018

How can organizations reduce, prevent, and even avoid data breaches in the cloud? Let’s look at a few strategies and technologies that can be successfully used to secure data in the cloud and help reduce and even prevent data breaches in the cloud. Proactive alerting of security and policy related events.

Data breaches 58

Data breaches Encryption Backups Accountability 58

CyberSecurity Insiders

MARCH 23, 2022

We are also now seeing the proliferation of weaponized cyberattacks in the face of geopolitical events. This new era of attacks demonstrate that the cyber landscape will never be the same. Real-time cyber risk monitoring enables firms to protect their most sensitive data and safeguard against internal and external threats.

Cyber Risk 119

Cyber Risk Risk Technology Ransomware 119

SC Magazine

APRIL 19, 2021

Insurance claims from cyber/ransomware events have consumed up to 40% of the claims of some insurers’ cyber books. Cyber insurance was once seen as a stable sector of commercial insurance, with lower-than-average loss ratios compared to other major commercial coverages.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

Approachable Cyber Threats

JULY 31, 2023

If you’re a publicly traded company, you’re required to report cybersecurity events that impact the bottom line to your investors. In the event of a cybersecurity incident you’re expected to report it to investors within just four days. and then repeat that process for the many other risks that could lower the value of your investment.

Cybersecurity 52

Cybersecurity Risk Cyber Risk Data breaches 52

Security Affairs

NOVEMBER 14, 2022

The size of the cyber risk to companies cannot be underestimated. To indicate the size of the cyber risk to companies, there is, on average, a cyber-attack every 39 seconds, which does not mean that every attack is successful, but that there is an attempt to access companies’ computer systems with that frequency.

Cyber Risk 111

Cyber Risk Insurance Cyber Attacks Risk 111

Webroot

JULY 25, 2022

The first in-person event for RSA since the global pandemic had a slightly lower turnout than in years past (26,000 compared to 36,000 attendees). Here are some of the key trends which we observed at this year’s first marquee cybersecurity event post-pandemic: 1. Cyber insurance becomes mainstream discussion.

Cyber Insurance 124

Cyber Insurance Insurance Marketing Phishing 124

Adam Levin

JULY 3, 2019

There are many enterprise-level solutions out there to minimize the risk of such catastrophic cybersecurity events, but they aren’t available to a company that doesn’t know what it doesn’t know. In this regard, knowledge of cyber risks and cyber defense are fungible assets. Mark Warner (D-Va.)

Data breaches 125

Data breaches Healthcare Cybersecurity Cyber Risk 125

NetSpi Executives

OCTOBER 17, 2023

Breach Notification Guidelines and Incident Reporting Should a data breach occur, the Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA) details information required for reporting. At NetSPI, our goal is to equip our clients to maintain the security of their systems and avoid potential breaches.

Healthcare 94

Healthcare Manufacturing Cyber Risk Cybersecurity 94

Jane Frankland

JANUARY 12, 2022

Smart executives know the impact a data breach or compliance failure can have on their business’ bottom line, and that’s why many are focusing in on cybersecurity and cyber resilience. It’s also a significant reason why cybercrime and data breaches continue to occur. Know your estate. Now I want to hear from you….

Workplace Security 100

Workplace Security Data breaches Cyber Attacks Risk 100

SecureWorld News

JUNE 30, 2021

However, as a result of the Data Breach, both the past lab results and future lab orders that Rubenstein had through July 2021 were inaccessible to him. Rubenstein altogether missed a regularly scheduled bone marrow biopsy in May 2021 due to the Data Breach and its resultant online network failure.

Ransomware 58

Ransomware Data breaches Healthcare Identity Theft 58

Thales Cloud Protection & Licensing

MAY 10, 2022

With businesses becoming more and more digitized, they are exposed to greater cyber risks. And while organizations are taking steps to protect against cyber attacks, cybersecurity controls are not impenetrable. Cyber risk insurance covers the costs of recovering from a security breach, a virus, or a cyber-attack.

Cyber Insurance 78

Cyber Insurance Insurance Cyber Risk Authentication 78

Spinone

NOVEMBER 22, 2018

We covered the cybersecurity landscape including the most high-profile cyber crime statistics: number of attacks, crime targets, cybersecurity spendings, and cyber risk management. Spending on Cyber Security Why is the cybersecurity market expanding so rapidly? Cyber Risk Management is a business responsibility.

Cybersecurity 73

Cybersecurity Cyber Risk Marketing Risk 73

Security Boulevard

NOVEMBER 16, 2021

These are just a handful of the 18,000 or so customers affected by the SolarWinds Orion data breach of 2020, and, nearly two years later, the company continues to handle the fallout from this event. “We We expect to incur significant legal and other professional services expenses associated with the Cyber Incident in future.

Data breaches 52

Data breaches Cybersecurity Cyber Risk Cyber Attacks 52

SecureWorld News

JUNE 30, 2021

However, as a result of the Data Breach, both the past lab results and future lab orders that Rubenstein had through July 2021 were inaccessible to him. Rubenstein altogether missed a regularly scheduled bone marrow biopsy in May 2021 due to the Data Breach and its resultant online network failure.

Ransomware 53

Ransomware Data breaches Healthcare Identity Theft 53

eSecurity Planet

APRIL 9, 2024

This framework guarantees that appropriate authentication measures, encryption techniques, data retention policies, and backup procedures are in place. Common threats include misconfigurations, cross-site scripting attacks, and data breaches. Security breaches have a lower impact when they are detected and responded to on time.

Risk 105

Risk Threat Detection Data breaches Encryption 105

eSecurity Planet

MAY 27, 2021

A report this month from the Government Accountability Office (GAO) found that the number of companies seeking cyber insurance coverage has steadily risen since 2016 and that insurers are increasing the prices of their policies and lowering their coverage limits as the number of cyberattacks rise. In addition, the U.S.

Cyber Insurance 126

Cyber Insurance Insurance Cyber Attacks Ransomware 126

Security Boulevard

NOVEMBER 24, 2023

The traditional actuary models do not apply well to an environment where highly motivated, creative, and intelligent attackers are dynamically pursuing actions that cause insurable events. Denial of service attacks were once popular but were superseded by data breaches, which cause much more damage. to 130.6%).

Insurance 72

Insurance Risk Cyber Insurance Cybersecurity 72

IT Security Guru

FEBRUARY 28, 2023

Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyber risk a potentially uninsurable area due to falling profitability.

Cyber Insurance 114

Cyber Insurance Insurance Marketing Cyber Risk 114

Duo's Security Blog

OCTOBER 7, 2022

It will be unsurprising that because of this demand, insurers are particularly careful how they build their policies to minimize their risk from large cyber events. This is especially true if the company looking for cover hasn’t taken adequate enough steps to minimize cyber risks itself.

Small Business 71

Small Business Cyber Insurance Insurance Cyber Risk 71

Spinone

NOVEMBER 30, 2020

Cybersecurity risk is a negative outcome that an organization may endure in the event of a cyber incident occurrence in its digital ecosystem. Another common understanding of this term is the probability of a cyber incident happening in an information system. Highly probable, e.g., a ransomware attack.

Risk 52

Risk Cybersecurity Cyber Risk Encryption 52

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

Spinone

OCTOBER 27, 2020

IBM’s “ 2019 Cost of a Data Breach Report ” details the costs that come from a data breach as a result of various cybersecurity risks. They are eye-opening: The United States sees the costliest cybersecurity events – the average total cost of $8.19 Are cybersecurity breaches costly?

Risk 52

Risk Cybersecurity Penetration Testing Data breaches 52

The Security Ledger

MAY 16, 2019

In this Spotlight Podcast, sponsored by RSA,* we're joined by RSA Portfolio Strategist Steve Schlarman for a discussion of managing the risks in digital transformation. » Related Stories Report: Companies Still Grappling with IoT Security Podcast Episode 141: Massive Data Breaches Just Keep Happening. We Talk about Why.

Digital transformation 40

Digital transformation Risk Artificial Intelligence Cyber Risk 40

Thales Cloud Protection & Licensing

NOVEMBER 20, 2022

In addition, if individual access is not quickly withdrawn upon an employee's departure from the organization, it might constitute an equally severe cyber risk. Without access management, organizations become increasingly vulnerable to data breaches arising from compromised identities.

Retail 71

Retail Authentication Data breaches Risk 71

eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. According to the Ponemon Institute and IBM, the global average cost of a data breach is $4.24 As the number and severity of data breaches continues to rise, organizations are recognizing that those costs are not theoretical. share of the cyber insurance field.

Cyber Insurance 117

Cyber Insurance Insurance Marketing Small Business 117

Thales Cloud Protection & Licensing

JULY 4, 2022

However, it is only recently that many companies have explored how insurance can protect from losses due to a cybersecurity incident, as well as protection against litigation as a result of the event. Cybersecurity insurance was originally designed to cover data breaches as a result of U.S. regulations. Patching cadence.

Insurance 71

Insurance Cybersecurity Risk Data breaches 71

SecureWorld News

AUGUST 18, 2020

Securities and Exchange Commission, notifying the SEC of the data breach. Hackers exfiltrated (removed) some data. The unauthorized access also included the download of certain of our data files. And number one is cyber insurance. The cruise line did not specify which of its cruise brands was impacted.

Cyber Insurance 81

Cyber Insurance Ransomware Insurance Technology 81

Joseph Steinberg

AUGUST 5, 2021

While leveraging cyber-liability insurance has become an essential component of cyber-risk mitigation strategy, cyber-liability offerings are still relatively new, and, as a result, many parties seeking to obtain coverage are still unaware of many important factors requiring consideration when selecting a policy. .

Insurance 258

Insurance Cyber Insurance Artificial Intelligence Cybersecurity 258

BH Consulting

SEPTEMBER 7, 2022

As demand for cyber risk insurance increases, two recent developments could have policyholders scrambling to check their cover. Independent research like the Verizon Data Breach Investigations Report consistently shows high numbers of breaches involving a human element. Always read the small print.

Insurance 40

Insurance Social Engineering Cyber Risk Cyber Insurance 40

eSecurity Planet

JUNE 30, 2023

Large organizations must regularly perform these scans to monitor their network security, as they can still be at risk due to factors like insider threats, misconfigurations, or compromised user accounts. Regular internal scans give them an edge, allowing your organization to maintain a higher level of security and protect critical assets.

Penetration Testing 98

Penetration Testing Network Security Risk Data breaches 98

SiteLock

AUGUST 27, 2021

ATF Executive Investigated for Possible Employee Data Breach. The first part is the “Inherent Risk Profile,” which catalogues an institution’s technology and connection types and other facets of its risk characteristics. Ireland Gears Up for Cyber War – New Strategy to Protect Critical Infrastructure.

Cybersecurity 52

Cybersecurity Banking Government Cyber Attacks 52

Adam Levin

MARCH 26, 2020

In single such instance, the personal data of the entire population of Ecuador was compromised and in another the data of 1.2 Catastrophe indeed seems like the right word to describe these cyber events. This is about how data is handled in the cloud. billion people. The Problem Isn’t the Platform.

Cyber Insurance 211

Cyber Insurance Insurance Hacking Passwords 211

Spinone

NOVEMBER 19, 2018

Let’s take a look at key insights on cybersecurity risks for CEOs and management teams. Understanding Cyber Risk Management Even if a CEO does not have a background in IT or experience with IT infrastructure in general, they must be aware of the risk and impact of cybersecurity or lack thereof on their business.

Risk 65

Risk Cybersecurity Technology Cyber Risk 65

eSecurity Planet

MARCH 17, 2023

These platforms make it possible for security teams to analyze consolidated threat feeds from various external alerts and log events. It also helps organizations to organize and assess data for vulnerabilities and determine an appropriate response plan in the case of a data breach.

Network Security 117

Network Security Penetration Testing Firewall Antivirus 117