CyberSecurity Insiders

MARCH 25, 2021

Statistics suggest that the financial worth of the gaming market across the globe will reach $138 billion by 2021 and will also become an attractive target for criminals to launch cyber attacks. Next in the line will be the online casino industry that lacks adequate measures to mitigate sophisticated cyber risks like DDoS attacks.

Cyber Attacks 120

Cyber Attacks Data breaches DDOS Cyber Risk 120

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. False sense of security: Having cyber insurance should not be a substitute for investing in strong cybersecurity measures and practices.

Cyber Insurance 100

Cyber Insurance Insurance Risk CISO 100

SC Magazine

APRIL 19, 2021

Recently, New York State’s Department of Financial Services issued a memorandum providing guidance to the insurance industry to help stabilize and safeguard the cyber insurance market. The NY DFS Cyber Insurance Risk Framework outlines a 7-point program for insurers to manage their cyber insurance risk.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

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.

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Cyber Insurance Insurance Marketing Cyber Risk 114

The Last Watchdog

MARCH 8, 2023

Therefore, the security of APIs is crucial to ensure the confidentiality, integrity, and availability of sensitive information and to protect against potential threats such as data breaches, unauthorized access, and malicious attacks. Over the last few years, we have observed that APIs are the favorite attack vector for hackers.

Digital transformation 200

Digital transformation Data breaches Cyber Risk Marketing 200

Security Affairs

MARCH 24, 2024

surfaces in the threat landscape Pokemon Company resets some users’ passwords Ukraine cyber police arrested crooks selling 100 million compromised accounts New AcidPour wiper targets Linux x86 devices.

Malware 99

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CyberSecurity Insiders

DECEMBER 14, 2022

Brendan understands what clients are grappling with today when it comes to managing cyber risk and how this area of risk is evolving,” said Michael Cusack, Executive Vice President, Alliant Specialty. His extensive experience and knowledge in this space will help as we formalize and expand our cyber offerings.”.

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Insurance Cyber Insurance Cyber Risk Risk 52

Security Boulevard

NOVEMBER 24, 2023

First published by HelpNetSecurity  — Matthew Rosenquist Cybersecurity insurance is a rapidly growing market, swelling from approximately $13B in 2022 to an estimated $84B in 2030 (26% CAGR), but insurers are struggling with quantifying the potential risks of offering this type of insurance.

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Insurance Risk Cyber Insurance Cybersecurity 72

SC Magazine

APRIL 23, 2021

NASDAQ displays in Times Square deliver stock market information to traders. Moody’s Cyber Risk Group has spoken with several organizations that have fallen victim to ransomware gangs over the past few years, and there is often a large discrepancy between ransomware gangs’ claims and reality. bfishadow on Flickr, CC BY 2.0

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Ransomware Marketing Cyber Risk Media 136

Webroot

JULY 25, 2022

Market landscape for XDR grows more crowded. Most customers alluded to the cybersecurity skills shortage; one of the key market drivers remains a “managed” component tailored to organizations’ response capabilities. The cyber insurance market is expected to reach around $20B by 2025.

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Cyber Insurance Insurance Marketing Phishing 124

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

NetSpi Executives

OCTOBER 17, 2023

Moreover, manufacturers must establish and maintain processes to ensure that the device and associated systems are sufficiently cyber-secure. 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.

Healthcare 94

Healthcare Manufacturing Cyber Risk Cybersecurity 94

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 113

Digital transformation Cyber Risk Risk Penetration Testing 113

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. million and climbing. That’s a 29.1%

Cyber Insurance 99

Cyber Insurance Insurance Marketing Small Business 99

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 77

Cyber Insurance Insurance Cyber Risk Authentication 77

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 93

Small Business Cyber Insurance Insurance Cyber Risk 93

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.

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Cybersecurity Cyber Risk Marketing Risk 73

Thales Cloud Protection & Licensing

APRIL 29, 2024

However, a relentless barrage of data breaches, ransomware attacks, and sophisticated cyber threats steadily erodes this trust. First, you need to assess your risks and gaps to comply with the various regulatory frameworks.

Risk 71

Risk Manufacturing Digital transformation Cybersecurity 71

Thales Cloud Protection & Licensing

AUGUST 16, 2023

By minimizing the role of humans in secrets management, organizations can avoid data breaches, identity theft, and other identity-related problems by using a methodical approach to prevent unauthorized access to sensitive data and systems. Key concepts of secrets management What is a secret?

Data breaches 62

Data breaches Encryption Identity Theft Passwords 62

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. Identity & Access Management.

Retail 71

Retail Authentication Data breaches Risk 71

The Security Ledger

JANUARY 8, 2021

In this episode of the podcast (#199), sponsored by LastPass, we talk with Sareth Ben of Securonix about how massive layoffs that have resulted from the COVID pandemic put organizations at far greater risk of data theft. Layoffs and Lost Data. Barry McMahon is the Senior Global Product Marketing Manager at LogMeIn.

Passwords 52

Passwords Cyber Risk Marketing Technology 52

Security Boulevard

APRIL 29, 2024

However, a relentless barrage of data breaches, ransomware attacks, and sophisticated cyber threats steadily erodes this trust. First, you need to assess your risks and gaps to comply with the various regulatory frameworks.

Risk 72

Risk Manufacturing Cybersecurity Digital transformation 72

CyberSecurity Insiders

DECEMBER 6, 2021

In addition to being a differentiator, cybersecurity must be at the core of digital transformation strategies because investments in advanced technologies are obsolete if they’re vulnerable to attacks or leaking data. These attacks received global attention and spotlighted the need for even more attention on cybersecurity best practices.

Cybersecurity 105

Cybersecurity Ransomware Security Awareness Technology 105

Thales Cloud Protection & Licensing

JULY 4, 2022

Cybersecurity insurance was originally designed to cover data breaches as a result of U.S. For example, credit monitoring and breach notification costs were the focus of early policies. As privacy regulations, as well as cyber risks increased, insurance covering these challenges has grown in popularity for many organizations.

Insurance 71

Insurance Cybersecurity Risk Data breaches 71

Centraleyes

JANUARY 18, 2024

Flexibility : Organizations seek third-party partners for their flexibility, especially in dynamic markets. Cybersecurity and data protection measures are critical aspects of your risk assessment. A robust data protection policy should be non-negotiable. Be prepared for the unexpected.

Risk 52

Risk Insurance Cyber Risk Technology 52

Thales Cloud Protection & Licensing

JUNE 26, 2023

Besides these threats, SMBs face increasing cyber risks as they rely on digital technology and services to innovate and gain an advantage in a competitive market. According to the World Economic Forum 2023 Global Risks Report, cybercrime and cyber insecurity are among the top 10 short- and long-term global risks.

Small Business 62

Small Business Encryption Risk Accountability 62

BH Consulting

JUNE 22, 2021

Also known as cyber risk insurance, it’s now a prerequisite in some public sector tenders. You could argue cybersecurity insurance is useful because it makes people think of business risk, not just IT problems. Ultimate responsibility for data breaches rests with the board and the CEO.

Insurance 83

Insurance Cybersecurity Cyber Insurance Cyber Risk 83

BH Consulting

JANUARY 11, 2022

We begin with a look at a contentious topic: cyber risk insurance. BH Consulting’s Head of Sales and Marketing John Mangan weighed the pros and cons in a thoughtful blog. 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

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.

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Encryption Data breaches Authentication Risk 133

Jane Frankland

APRIL 28, 2022

Success comes when an organisation pays attention to them and to the market. It’s a roller coaster of a time to lead, as CIOs, CISOs and CTOs are having to deal with more users, data, devices, technologies, connectivity, mobility, regulations, risks, and threats than they care to. million per organisation.

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CISO Mobile Technology Risk 130

CyberSecurity Insiders

SEPTEMBER 16, 2021

According to the report, “A continually heightened focus on cybersecurity initiatives has led to heightened interest in ITRM capabilities specific to cyber risk. Gartner’s Magic Quadrant helps security and risk management leaders evaluate this growing and dynamic market.

Risk 40

Risk Digital transformation Cyber Risk Data breaches 40

SC Magazine

FEBRUARY 8, 2021

The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. That’s quite the incentive for insurers to assert themselves in this market. A maturing model. billion in premium. billion in premium.

Insurance 126

Insurance Cyber Insurance Cybersecurity Government 126

Cytelligence

FEBRUARY 4, 2020

The acquisition will help Aon expand its current coverages within the cyber market at a time when cyber claims are almost doubling year-over-year. said J Hogg, CEO of Aon Cyber Solutions. said Daniel Tobok, CEO of Cytelligence.

Penetration Testing 45

Penetration Testing Insurance Data preservation Cyber Insurance 45

BH Consulting

NOVEMBER 22, 2023

Rising attacks against critical infrastructure Data Breach Today reported that cyberattacks against Ukrainian critical infrastructure have intensified during 2023. “In This allows police to learn more about current cyber risks, he explained: “intelligence is the bedrock of policing”.

Cybercrime 64

Cybercrime Technology Cybersecurity Engineering 64

CyberSecurity Insiders

JANUARY 12, 2022

NEW YORK–( BUSINESS WIRE )–Flashpoint, the trusted leader in threat intelligence and risk prevention, today announced it has acquired Risk Based Security (RBS), a Richmond, Virginia-based company specializing in vulnerability and data breach intelligence, as well as vendor risk ratings.

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Risk Data breaches Cyber threats Cyber Risk 52

The Last Watchdog

MAY 30, 2023

Cyber threats have steadily intensified each year since I began writing about privacy and cybersecurity for USA TODAY in 2004. Collectively, enterprises spend a king’s ransom many times over on cyber defense. LW: What must SMBs and mid-market enterprises focus on? How does your main theme of tie in?

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Cloud Migration Passwords Cybersecurity Cyber threats 188