Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. As cyber criminals mature and advance their tactics, small and medium businesses become the most vulnerable because they lack the capacity – staff, technology, budget - to build strong cyber defenses. The necessity for cyber-insurance coverage.

Cyber Insurance 77

Cyber Insurance Insurance Cyber Risk Authentication 77

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. Cyber Insurance is Booming.

Cyber Insurance 115

Cyber Insurance Insurance Marketing Small Business 115

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. Insurers Assessing Risks.

Cyber Insurance 128

Cyber Insurance Insurance Cyber Attacks Ransomware 128

CyberSecurity Insiders

DECEMBER 14, 2022

–( BUSINESS WIRE )–Brendan Hall has joined Alliant Insurance Services as a Senior Vice President as part of the newly created Alliant Cyber, one of 14 Alliant industry-dedicated verticals. His extensive experience and knowledge in this space will help as we formalize and expand our cyber offerings.”. IRVINE, Calif.–(

Insurance 52

Insurance Cyber Insurance Cyber Risk Risk 52

Security Boulevard

DECEMBER 20, 2022

The post RiskLens Fast Facts on Cyber Risk for CPAs, Lawyers & Other Professionals appeared first on Security Boulevard. Bansley & Kiener did not admit any guilt. That settlement would be a hefty penalty for a firm with annual revenue around $9 million, according to public records. .

Cyber Risk 52

Cyber Risk Risk Insurance Data breaches 52

SecureWorld News

JANUARY 31, 2024

Cyber risk is an existential issue for companies of all sizes and in all industries. However, it also exposes companies to additional layers of risk. Frequently, the liability associated with slip-and-falls is pushed up to the owner—and within that same upstream push, so goes privacy and data breach liability.

Risk 79

Risk Cyber Insurance Insurance Data breaches 79

SecureWorld News

NOVEMBER 30, 2021

The Starwood reservation system it was acquiring had been hacked, because of a data breach that began long before the two companies became one. M&A cyber risk is real. DNA testing company data breach impacts personal information. Have you looked closely enough at this type of risk?

Data breaches 76

Data breaches Insurance Cyber Risk Risk 76

Thales Cloud Protection & Licensing

JULY 4, 2022

How Cybersecurity Insurance Can Work To Help An Organization. For many years, organizations had limited options for addressing data protection risks. A company could never eliminate risk, but they could try to reduce or mitigate it. The function of cybersecurity insurance. What does cybersecurity insurance cover?

Insurance 71

Insurance Cybersecurity Risk Data breaches 71

SC Magazine

MAY 24, 2021

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

Cyber Insurance 94

Cyber Insurance Insurance Marketing Cyber Risk 94

Duo's Security Blog

OCTOBER 7, 2022

In this blog, we explain why it makes sense for these firms to work with managed service providers (MSPs) to help bolster their security posture and increase their chances of getting cyber liability insurance cover as insurers continue to raise the bar. Small business cyber insurance: Is it really needed?

Small Business 71

Small Business Cyber Insurance Insurance Cyber Risk 71

SC Magazine

JULY 13, 2021

million patients have been impacted by a health care data breach so far in 2021, a whopping 185% increase from the same time period last year where just 7.9 The Fortified Health report is meant to support health care covered entities in light of the ongoing threats and the rise in data breach numbers. More than 22.8

Data breaches 113

Data breaches Insurance Healthcare Education 113

Security Boulevard

NOVEMBER 10, 2022

Flagstar said it has no evidence that any of the information obtained in the latest breach has been misused – nonetheless, at least two customer lawsuits are in the courts, one filed by a plaintiff who claims that his identity was falsely used to take out a loan after the breach. RiskLens is the leader in cyber risk quantification .

Cyber Risk 52

Cyber Risk Risk Banking Financial Services 52

BH Consulting

JUNE 22, 2021

Organisations are coming under increasing pressure to take out cybersecurity insurance cover. Also known as cyber risk insurance, it’s now a prerequisite in some public sector tenders. Sometimes, contracts or proposals ask suppliers for both cybersecurity insurance and documented security controls.

Insurance 83

Insurance Cybersecurity Cyber Insurance Cyber Risk 83

SC Magazine

FEBRUARY 8, 2021

Every time a driver buckles up or an airbag is deployed we see the powerful influence of the insurance companies who insisted those measures become mandatory. Now, those insurers are poised to drive cybersecurity investment by insisting that organizations meet certain criteria to qualify for coverage. A maturing model.

Insurance 126

Insurance Cyber Insurance Cybersecurity Government 126

SecureWorld News

MARCH 3, 2021

This is just more proof that cyber risk is a business risk. Operational impact of the data breach. It also included detailed information on the data breach and how that impacted the operations of the company. "As Incident response to the data breach. Financial impact of the data breach.

Data breaches 80

Data breaches Technology Healthcare Insurance 80

The Last Watchdog

DECEMBER 5, 2018

The compromised databases included names, addresses, dates of birth, insurance policy details, medical record numbers, account balances and dates of service — of both guarantors and patients. The fact that this incident is being labeled “the Atrium breach” in the media also shows where the reputational risk lies.

Data breaches 118

Data breaches Healthcare Insurance Risk 118

The Last Watchdog

JANUARY 30, 2019

Late last year, Atrium Health disclosed it lost sensitive data for some 2.65 Third-party cyber risks are likely to persist at the current scale for a while longer. There is impetus for change – beyond the fear of sustaining a major data breach.

Cyber Risk 117

Cyber Risk Risk Financial Services Banking 117

SecureWorld News

AUGUST 23, 2023

This morning, Critical Start released its first ever Cyber Risk Landscape Peer Report , which explores some of the major concerns and challenges currently confronting cybersecurity leaders as they manage risk within their organizations. Here are some comments on the cyber risk landscape from cybersecurity vendor experts.

Cybersecurity 69

Cybersecurity Cyber Risk Risk Cyber Insurance 69

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 Insurance 124

Cyber Insurance Insurance Marketing Phishing 124

Joseph Steinberg

JULY 8, 2021

And even relatively rich organizations may fail altogether if they suffer the reputational harm that follows multiple serious cyber-incidents. Insurance is, therefore, always needed.

Insurance 363

Insurance Cyber Insurance Cybersecurity Small Business 363

Krebs on Security

DECEMBER 12, 2018

For years, potential creditors have judged the relative risk of extending credit to consumers based in part on the applicant’s credit score — the most widely used being the score developed by FICO , previously known as Fair Isaac Corporation. Data accidentally released by FICO about the Cyber Risk Score for ExxonMobil.

Cyber Risk 190

Cyber Risk Energy and Utilities Risk Marketing 190

SC Magazine

FEBRUARY 10, 2021

The Cybersecurity and Infrastructure Security Agency (CISA) recently included security ratings or scoring as part of its cyber risk reduction initiative. The Cybersecurity and Infrastructure Security Agency (CISA) recently included security ratings or scoring as part of its cyber risk reduction initiative.

Cyber Insurance 83

Cyber Insurance Insurance Cyber Risk Government 83

Centraleyes

JANUARY 18, 2024

Mitigating Third-Party Risk: Mitigating third-party risk involves proactive steps to prevent, minimize, or transfer risks. This includes due diligence, contractual protections, ongoing monitoring, incident response planning, and considering insurance coverage. Insurance Coverage: Evaluate the need for insurance coverage.

Risk 52

Risk Insurance Cyber Risk Technology 52

SecureWorld News

AUGUST 18, 2020

Securities and Exchange Commission, notifying the SEC of the data breach. Hackers exfiltrated (removed) some data. Ransomware attacks: another argument for cyber insurance? Business interruption, loss of revenue and reputational damages are all financial burdens that cyber insurance can provide relief for.

Cyber Insurance 79

Cyber Insurance Ransomware Insurance Technology 79

BH Consulting

JANUARY 11, 2022

We begin with a look at a contentious topic: cyber risk insurance. The blog was inspired by the growing number of organisations coming under pressure to take out insurance cover. Risk vs reward. There is an argument that cybersecurity insurance is useful because it makes people think of business risk, not just IT.

Cybersecurity 59

Cybersecurity Insurance Scams Cyber Risk 59

SC Magazine

MAY 28, 2021

Colonial Pipeline also heightened discussion about the influence of ransomware attacks on cyber insurance. Even before the incident, some insurers dropped coverage for ransomware payments, while others began to ratchet up cybersecurity standards for coverage in an effort to prevent an attack.

Insurance 117

Insurance Government Ransomware Risk 117

NetSpi Executives

OCTOBER 17, 2023

It’s important to note that non-compliance with these cyber device submission elements is prohibited under Section 301 of the Federal Food, Drug, and Cosmetic (FD&C) Act, underscoring the gravity of these updates.

Healthcare 94

Healthcare Manufacturing Cyber Risk Cybersecurity 94

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 57

Ransomware Data breaches Healthcare Identity Theft 57

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

SiteLock

AUGUST 27, 2021

A data breach, ransomware attack or other digital attack that knocks your website offline can cost your business anywhere from thousands to millions of dollars in remediation, lawsuits from customers and fines by regulators. That leads us to the next costly cyber risk to your business – unplanned downtime.

Data breaches 98

Data breaches DDOS Ransomware Marketing 98

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

Centraleyes

JANUARY 7, 2024

A single data breach can compromise your ability to operate, generate revenue, and ruin the reputation you’ve spent years building with your clients, business partners, and vendors. There’s no avoiding digital risk. However, that doesn’t mean there aren’t plenty of ways to minimize these risks.

Cyber Risk 52

Cyber Risk Risk Penetration Testing Cybersecurity 52

The Last Watchdog

APRIL 18, 2019

Imposing just the right touch of policies and procedures towards mitigating cyber risks is a core challenge facing any company caught up in digital transformation. Related: Data breaches fuel fledgling cyber insurance market. Enterprises, especially, tend to be methodical and plodding.

Digital transformation 101

Digital transformation Cyber Risk Risk Penetration Testing 101

Cytelligence

FEBRUARY 4, 2020

Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025. According to Aon’s 2019 Global Risk Management Survey , cyber-attacks were identified as a top ten risk facing organizations and is predicted to be one of the top three risks for organizations in 2022. “As

Penetration Testing 45

Penetration Testing Insurance Data preservation Cyber Insurance 45

Thales Cloud Protection & Licensing

JUNE 15, 2023

Improved key management practices: With KMaaS, organizations can ensure that their keys are managed according to industry best practices, which helps minimize the risk of data breaches. Managing the encryption keys securely, KMaaS can help protect encryption and prevent unauthorized access to sensitive data.

Encryption 133

Encryption Data breaches Authentication Risk 133

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 117

Cyber Risk Insurance Cyber Attacks Risk 117

SC Magazine

JULY 1, 2021

In health care, ransomware and data breaches frequently receive the most media attention. The way health systems are structured, with many providers insuring their organization, it proves challenging to change behaviors,” he continued. “If Combatting health care’s greatest threats.

Security Awareness 68

Security Awareness IoT Risk Healthcare 68