SecureWorld News

MAY 2, 2025

Breaches can disrupt care delivery and put lives at risk, not to mention lead to hefty compliance fines. Healthcare executives are responding by viewing cybersecurity not just as an IT issue, but as a core business risk. The report highlights that this surge in security spending has even created a $3.2 Large health systems in the U.S.

Healthcare

Security Boulevard

DECEMBER 24, 2024

Many industry regulations require or promote cybersecurity risk assessments to bolster incident response, but what is a cybersecurity risk assessment? For example, cyber risk assessments aren't only required under HIPAA (Health Insurance Portability and Accountability Act). The ultimate goal?

Risk

Trend Micro

JUNE 26, 2025

Move faster than your adversaries with powerful purpose-built XDR, cyber risk exposure management, and zero trust capabilities Learn more Extend Your Team Extend Your Team.

Security Awareness

Trend Micro

JUNE 10, 2025

Move faster than your adversaries with powerful purpose-built XDR, cyber risk exposure management, and zero trust capabilities Learn more Extend Your Team Extend Your Team.

Cybersecurity

Security Boulevard

JANUARY 24, 2025

The latest guidance for adopting AI securely comes from the World Economic Forum, whose new Artificial Intelligence and Cybersecurity: Balancing Risks and Rewards report seeks to explain how organizations can benefit from AI while reducing their cybersecurity risks. Do we weigh risks against rewards when considering new AI projects?

Banking

Trend Micro

JUNE 10, 2025

Move faster than your adversaries with powerful purpose-built XDR, cyber risk exposure management, and zero trust capabilities Learn more Extend Your Team Extend Your Team.

Cyber Risk

Centraleyes

MARCH 13, 2025

Enacted in 2017, this regulation is all about minimizing risk in the financial services sector, which, lets face it, is prime real estate for cybercriminals. The program should be tailored to your specific business risks. Insight: Many businesses make the mistake of copying templates without understanding their unique risks.

Cybersecurity

Centraleyes

MAY 21, 2025

Leading a university also means managing a very complex set of risks: cyberattacks, financial instability, regulatory shifts, and reputational fallout, just to name a few. These risks threaten an institutions ability to educate, innovate, and serve its community. Top Challenges in Risk Management for Colleges and Universities 1.

Education

SecureWorld News

JULY 1, 2025

UnitedHealth now estimates that the February 2024 breach of its Change Healthcare subsidiary compromised data for 190 million Americans , delaying prescriptions and disrupting insurance billing nationwide. Supply chain weaknesses compound the risk. Even near misses erode institutional legitimacy and public trust. allies are taking.

Social Engineering

Security Boulevard

MARCH 17, 2025

In practice, even with reasonable service level agreements (SLAs), IT usually has to mitigate those risks. Just as alarming, the Tenable Cloud Risk Report 2024 shows that 74% of organizations have publicly exposed storage assets, including those containing sensitive data. As a result, security has become disjointed.

Risk

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. Ransomware attacks, in particular, pose a significant risk, though some sectors and regions are more vulnerable than others.

Cyber Attacks

Centraleyes

APRIL 17, 2025

For example, requiring managerial approval for large transactions or implementing strict system access restrictions ensures that risks are mitigated at the outset. If controls are applied haphazardly, poorly monitored, or lack standardization, financial reporting risks still persist. Where Does COSO Fit In?

Risk

Security Boulevard

MARCH 20, 2025

It examines the rising risks associated with AI, from cybercriminals weaponizing AI for more sophisticated attacks to the security implications of recent AI advancements like the open source model DeepSeek, while providing best practices for mitigating these risks.This blog post summarizes several highlights from the report.

Social Engineering

Jane Frankland

JANUARY 12, 2025

In this blog, I’m exploring these changes, grouped under key categories that I’ve used in previous years, to help business leaders and cyber risk owners better prepare for the evolving landscape. The emergence of shadow AIunauthorised AI tools used without IT approvalamplifies these vulnerabilities.

Cybersecurity

SecureWorld News

DECEMBER 27, 2024

Critical infrastructure is at risk, moreso thanks to AI. Kip Boyle, vCISO, Cyber Risk Opportunities LLC: The Challenge of Cultivating Buy-in from Leadership and Employees "Cybersecurity professionals will continue to face a critical challenge: cultivating genuine buy-in from both senior leaders and employees.

Cybersecurity

Centraleyes

JULY 13, 2025

The Cyber Risk Institute (CRI) Profile is a cybersecurity and risk management framework designed specifically for the financial services sector. Compliance begins with an Impact Tiering Questionnaire, which helps the institution determine its level of cyber risk exposure and regulatory relevance using a four-tier model.

Financial Services

SecureWorld News

MARCH 5, 2025

Cybersecurity professionals are already grappling with the risks of supply chain attacks, and these tariffs add another layer of complexity. Taking another perspective on new risks, maybe a U.S. Increased counterfeit risks in hardware procurement as organizations look for cheaper alternatives. So what should CISOs do?

Cyber Risk

Schneier on Security

JULY 1, 2021

Here’s one more contribution to that issue: a research paper that the insurance industry is hurting more than it’s helping. Although it is a societal problem, cyber insurers have received considerable criticism for facilitating ransom payments to cybercriminals.

Insurance

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

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

The Last Watchdog

JULY 13, 2023

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

Cyber Risk

We Live Security

JULY 31, 2024

Many smaller organizations are turning to cyber risk insurance, both to protect against the cost of a cyber incident and to use the extensive post-incident services that insurers provide

Cyber Risk

Schneier on Security

FEBRUARY 13, 2019

Zurich Insurance has refused to pay Mondelez International's claim of $100 million in damages from NotPetya. Those turning to cyber insurance to manage their exposure presently face significant uncertainties about its promise. Yet no cyber insurance policies cover this entire spectrum. Mondelez is suing.

Cyber Insurance

SecureWorld News

NOVEMBER 3, 2023

Cyber liability and crime insurance are like a safety net for businesses, but they're not perfect. Third, cyber risks are constantly evolving, and insurance companies may not be able to keep up. New threats are emerging all the time, and it can take time for insurance companies to update their policies.

Insurance

The Last Watchdog

JULY 27, 2023

New York, NY, July 27, 2023 – QBE North America today announced the launch of a cyber insurance program with new MGA, Converge, acting as program administrator. The program will be broken down into two separate distribution structures, each with a distinct revenue focus and cyber security data access formation.

Cyber Insurance

CyberSecurity Insiders

SEPTEMBER 13, 2022

Chief Financial Officers aka CFOs are ignoring billions of dollars loss incurred through cyber risks and threats, says a survey. So, experts want the CFOs to stay in a loop with the board to understand the risks and severity involved in cyber attacks.

Cyber Risk

SecureWorld News

MAY 1, 2024

Department of the Treasury's Federal Insurance Office (FIO) announced a major new initiative this week to improve the insurance industry's capabilities around modeling and underwriting terrorism and catastrophic cyber risks.

Cyber Risk

Joseph Steinberg

JUNE 15, 2021

.” Of course, even organizations that spend a billion dollars per year on cybersecurity are not immune to breaches – which is why financial institutions also utilize other cyber-risk management techniques, including implementing robust disaster recovery plans, and obtaining appropriate cyber-liability insurance.

Cybersecurity

Security Boulevard

JULY 24, 2024

Taking a risk-based approach to cyber risk and quantifying cyber risk empowers businesses to truly focus on mitigating the risks that really matter. The post Cyber Insurance Market Evolves as Threat Landscape Changes appeared first on Security Boulevard.

Cyber Insurance

CSO Magazine

DECEMBER 1, 2021

Cyber insurance definition. Cyber insurance, also referred to as cyber risk insurance or cyber liability insurance coverage (CLIC), is a policy with an insurance carrier to mitigate risk exposure by offsetting costs involved with damages and recovery after a cyber-related security breach or similar event.

Cyber Insurance

Security Boulevard

MARCH 9, 2023

Add “that’s where the data is” to crime risk for the financial industry today, including banks, insurance companies, lenders, investment companies, credit agencies, exchanges and the many third parties that make the money go around. “Because that’s where the money is” – the classic answer from a bank robber on why he robbed banks.

Cyber Risk

CSO Magazine

DECEMBER 1, 2021

Cyber insurance definition. Cyber insurance, also referred to as cyber risk insurance or cyber liability insurance coverage (CLIC), is a policy with an insurance carrier to mitigate risk exposure by offsetting costs involved with damages and recovery after a cyber-related security breach or similar event.

Cyber Insurance

SecureWorld News

JANUARY 11, 2024

In this digital battlefield, cyber insurance has emerged as a crucial shield, offering financial protection against data breaches, ransomware attacks, and other cyber incidents. This puts a strain on insurance companies, who are forced to adjust premiums to maintain solvency.

Cyber Insurance

CSO Magazine

OCTOBER 21, 2021

Could such variations trigger changes in the cyber insurance market and, if so, how will they impact insurance carriers and organizations? Learn the 7 keys to better risk assessment. | Get the latest from CSO by signing up for our newsletters. ]. Shifting ransomware priorities impacting claim costs.

Cyber Insurance

The Last Watchdog

JANUARY 30, 2019

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Cyber Risk

SecureWorld News

APRIL 17, 2023

When considering adding a cyber insurance policy, organizations, both public and private, must weigh the pros and cons of having insurance to cover against harm caused by a cybersecurity incident. Having cyber insurance can help ensure compliance with these requirements. Can companies live without cyber insurance?

Cyber Insurance

Security Boulevard

NOVEMBER 1, 2022

Solving distinctly separate challenges like cyber insurance, compliance and regulations, and visibility for the board is an overwhelming task, but what if you could solve these issues with a single solution? The post Cyber Risk Quantification: Three Key Use Cases appeared first on Axio.

Cyber Risk