SecureWorld News

FEBRUARY 6, 2024

New regulatory filings have exposed the skyrocketing costs of major cyber incidents, as big brands Clorox and Johnson Controls admitted collectively suffering more than $75 million in attack-related expenditures last year. Cleaning giant Clorox was struck by an unspecified cyber event discovered in August 2023.

Insurance 99

Insurance Cyber Insurance Cyber Risk Cyber threats 99

CyberSecurity Insiders

MARCH 30, 2023

Seasoned CISOs/CSOs understand the importance of effectively communicating cyber risk and the need for investment in cybersecurity defense to the board of directors. One key aspect of successful communication is understanding the business objectives and risk appetite of the organization.

Cybersecurity 119

Cybersecurity Cyber Risk CISO Risk 119

Joseph Steinberg

DECEMBER 11, 2023

Through timely research, programming, and unparalleled training opportunities, the IACP is preparing current and emerging police leaders—and the agencies and communities they serve—to succeed in addressing the most pressing issues, threats, and challenges of the day. He will also review relevant materials and initiate topical recommendations.

Cybersecurity 250

Cybersecurity Artificial Intelligence CISO Technology 250

Centraleyes

FEBRUARY 13, 2024

Categorizing risks as high, medium, or low has been the go-to method for organizations seeking to prioritize their cybersecurity efforts. Ten Risks in a Bed Remember the nursery rhyme? Enter the need for a more precise and actionable approach — Cyber Risk Quantification. What is Cyber Risk Quantification?

Risk 52

Risk Cyber Risk Cybersecurity Penetration Testing 52

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. A new round of the weekly SecurityAffairs newsletter arrived! Is it a Russia’s weapon?

Malware 97

Malware Cybercrime Hacking Cyber threats 97

SecureWorld News

APRIL 25, 2024

One of the most visible impacts was on the city's street lighting system. This is due to a technical issue connected to the recent cyber attack, when we were forced to shut down our IT systems. This is due to a technical issue connected to the recent cyber attack, when we were forced to shut down our IT systems.

Cyber Attacks 69

Cyber Attacks Energy and Utilities Cyber Risk Risk 69

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.

Cybersecurity 79

Cybersecurity Cyber Risk Risk Cyber Insurance 79

Jane Frankland

AUGUST 18, 2020

It impacts industry and individuals alike and doesn’t discriminate. Last year, Verizon reported that 71% of breaches were financially motivated, 25% came from espionage, and 21% were caused by human error. trillion in global value will be at risk from cyberattacks. trillion in global value will be at risk from cyberattacks.

Cyber Risk 100

Cyber Risk Risk Cybersecurity Technology 100

CSO Magazine

MARCH 28, 2022

However, ransomware is not the only threat. According to a new report from IDC and Magnet Forensics, the significant lack of cybersecurity skills gap and a plethora of other cyber risks are growing concerns. The rise of ransomware attacks that occurred after the global pandemic in March 2020 remains a problem.

Risk 79

Risk Ransomware Financial Services Cyber Risk 79

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. Compliance: Certain industries and jurisdictions require organizations to have cyber insurance or to meet certain cybersecurity standards.

Cyber Insurance 105

Cyber Insurance Insurance Risk CISO 105

Cytelligence

AUGUST 8, 2023

While large corporations often make headlines when they fall victim to cybercrime, the impact on small businesses can be equally devastating, if not more so. Cyber attackers find small businesses an attractive target for several reasons.

Small Business 52

Small Business Cybersecurity Cyber threats Ransomware 52

IT Security Guru

FEBRUARY 28, 2023

Cyber insurers are losing money. 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

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. In the second quarter of 2021 alone, cyber insurance premiums rose by more than 25%.

Cyber Insurance 52

Cyber Insurance Insurance Cyber Risk Risk 52

SecureWorld News

DECEMBER 6, 2023

This initiative, backed by a substantial $500 million investment, sets forth a series of nation-leading proposed regulations for hospitals, bolstering their defenses against ever-evolving cyber threats. I view it as a welcomed step in helping security teams secure the funding and support they need to keep our heads above water.

Cyber Attacks 89

Cyber Attacks Healthcare Computers and Electronics Financial Services 89

BH Consulting

MARCH 21, 2024

Creeping cyber risk grabbing global headlines Ransomware keeps reminding us of the strong connection between a cybersecurity incident and financial loss. million out of £106 million in financial losses in its 2023 fiscal year were due to a ransomware attack. The UK outsourcing provider Capita said £25.3

Cyber threats 69

Cyber threats Ransomware Healthcare Risk 69

Centraleyes

NOVEMBER 8, 2023

This tight timeline raises questions about the rules’ practicality and potential impact on CISOs’ liability. This tight timeline raises questions about the rules’ practicality and potential impact on CISOs’ liability. The rule mandates that companies report material cybersecurity incidents within four days.

CISO 52

CISO Cyber Risk Risk Cybersecurity 52

SC Magazine

APRIL 19, 2021

AIG is one of the top cyber insurance companies in the U.S. We are all well aware that ransomware exposures and impacts have grown rapidly as professionals have shifted to working from home because of the pandemic, resulting in expanded threat and attack surfaces. eflon CreativeCommons CC BY 2.0.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

SecureWorld News

JULY 27, 2023

According to a press release yesterday from the United States Securities and Exchange Commission (SEC), the agency has "adopted rules requiring registrants to disclose material cybersecurity incidents they experience and to disclose on an annual basis material information regarding their cybersecurity risk management, strategy, and governance.

Cybersecurity 85

Cybersecurity CISO Cyber Risk Risk 85

CyberSecurity Insiders

MARCH 25, 2021

On the security front, a research carried out by Cybersecurity Ventures has predicted that the cyber attacks on online business will bring an estimated loss of $6 trillion to companies operating across the globe by 2021 and the gaming industry is said to be impacted the most.

Cyber Attacks 120

Cyber Attacks Data breaches DDOS Cyber Risk 120

Security Affairs

NOVEMBER 29, 2020

IT services provider Sopra Steria estimates that a recent ransomware attack will have a financial impact ranging between €40M and €50M. Now the company estimates that a recent ransomware attack will have a financial impact ranging between €40 million ($48 million) and €50 million ($60 million).

Ransomware 96

Ransomware Insurance Cyber Risk Media 96

Centraleyes

JANUARY 3, 2024

To enhance Europe’s resilience against existing and emerging cyber threats, the NIS2 Directive introduces new requirements and obligations for organizations in four key areas: risk management, corporate accountability, reporting obligations, and business continuity. Who does NIS2 apply to?

Energy and Utilities 52

Energy and Utilities Cyber Risk Risk Encryption 52

Cytelligence

OCTOBER 18, 2023

Additionally, amidst these challenging times, CYPFER, a leading cybersecurity firm, has emerged as a trusted partner in protecting businesses from such cyber threats. Their exploitation of the MOVEit vulnerability further demonstrates the sophistication and adaptability of these cyber criminals.

Ransomware 52

Ransomware Cyber threats Cybersecurity Software 52

CyberSecurity Insiders

JUNE 25, 2022

As the threat of cyber-attacks continues to increase exponentially, a debate has erupted over the years, leaving organizations to choose between two sides. But now we’ve reached a whole new level of cyber-attacks. As it stands, ransomware remains the biggest threat to organiszations. By Guy Golan, CEO of Performanta.

Risk 137

Risk Cyber Attacks Cybersecurity Ransomware 137

Security Boulevard

APRIL 28, 2022

Business-critical applications like SAP help run your organization—supporting financial systems, human capital management, supply chains, supplier relationships, and more. As we get ready for Orlando, take a look at some of our joint research and threat intelligence from SAP and Onapsis Research Labs to help you secure your crown jewels.

Cyber Risk 96

Cyber Risk Risk Cyber Attacks Internet 96

Cytelligence

AUGUST 8, 2023

Cyber threats pose a significant risk to businesses of all sizes. Cyber security consulting firms , like CYPFER, play a crucial role in helping CEOs and business owners safeguard their assets and maintain business continuity. These firms offer various services, including risk assessments and incident response planning.

Cyber threats 52

Cyber threats Threat Detection Risk Cybersecurity 52

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

Security Affairs

FEBRUARY 9, 2020

The president of the European Central Bank (ECB), Christine L agarde, is warning that a cyber-attack on a major financial institution could trigger a liquidity crisis. The president of the European Central Bank (ECB), Christine Lagarde, has warned that a coordinated cyber-attack on major banks could trigger a liquidity crisis.

Cyber Attacks 72

Cyber Attacks Banking Marketing Penetration Testing 72

CyberSecurity Insiders

MAY 29, 2022

Cyberattacks have become highly intense in nature, as threat actors are constantly using new attack vectors and target mechanisms to carry out large-scale attacks. To address this evolved intensity and pace of cybersecurity risks, organizations are choosing to invest in proactive solutions like managed detection and response (MDR).

Risk 130

Risk Cyber Risk Firewall Technology 130

IT Security Guru

DECEMBER 1, 2022

The impact of cyberattacks is profound, resulting in security breaches, enterprises’ revenue and reputation losses, and in some cases, organizations, and entire states being destabilized. After all, cybersecurity is a matter of proper human risk management. After all, cybersecurity is a matter of proper human risk management.

Cyber threats 111

Cyber threats Cybersecurity Education Risk 111

Centraleyes

JANUARY 21, 2024

The Evolving Cyber Threat Landscape The contemporary threat and regulatory landscape have pressed organizations to fortify their cyber-crisis management capabilities. In recent years, a surge in cyber-attacks targeting critical infrastructure has been observed globally.

Cybersecurity 110

Cybersecurity Energy and Utilities Cyber threats Risk 110

SecureWorld News

NOVEMBER 30, 2021

M&A cyber risk is real. DNA testing company data breach impacts personal information. DNA Diagnostics Center (DDC) just announced a data breach affecting more than two million of its customers' personal data, including Social Security numbers and financial information. What it did not know at the time?

Data breaches 86

Data breaches Insurance Cyber Risk Risk 86

Centraleyes

JANUARY 18, 2024

Third-party partnerships require a careful balancing act to navigate the complexities inherent in external collaborations. Let’s delve into the fascinating dynamics of this delicate equilibrium, exploring how organizations can skillfully navigate the challenges and opportunities their third-party relationships present.

Risk 52

Risk Insurance Cyber Risk Technology 52

SC Magazine

MAY 24, 2021

A federal watchdog agency found that while the cybersecurity insurance market boomed in recent years, rising premiums and struggles by some insurers to quantify the costs and losses that stem from cyber incidents remain some of the biggest obstacles to further adoption. Photo by Spencer Platt/Getty Images).

Cyber Insurance 94

Cyber Insurance Insurance Marketing Cyber Risk 94

Security Boulevard

OCTOBER 20, 2022

Time to Accept the Risk of Open Source? Where is the real risk? Accepting Open Source Risk. Accepting cybersecurity risk has become the norm for organizations. Artificial intelligence, machine learning, blockchain, and quantum computing reduce risk. What is the True Risk of Open-source Libraries?

Risk 111

Risk Artificial Intelligence Digital transformation Software 111

Security Affairs

MARCH 27, 2019

Last week Norwegian Norsk Hydro, one of the biggest Aluminum producer, suffered an extensive cyber attack that impacted operations in several of the company’s business areas across Europe and the U.S. The news of the cyber attack had an immediate economic impact and caused a drop in the share price of 2.0

Insurance 81

Insurance Cyber Attacks Ransomware Advertising 81

Centraleyes

DECEMBER 11, 2023

DORA is a groundbreaking EU regulation designed to enhance the operational resilience of the financial sector. The central goal of DORA is to set uniform requirements for the security of networks and information systems within the financial sector. Who Does DORA Impact? What Does DORA Mean for EU Financial Operations?

Risk 52

Risk Insurance Architecture Banking 52

Thales Cloud Protection & Licensing

JUNE 26, 2023

An expanding and more complex business risk environment More than ever, small businesses need support to overcome the ripple effects of geopolitical tensions, climate crisis, and financial recession. However, small businesses ability to respond to threats due to constrained resources is very different.

Small Business 62

Small Business Encryption Risk Accountability 62