Remove Data breaches Remove Insurance Remove Phishing Remove Ransomware
article thumbnail

State of Maine data breach impacts 1.3 million people

Malwarebytes

The US State of Maine says it has suffered a data breach impacting around 1.3 This vulnerability is known to be used by the Cl0p ransomware gang. The type of stolen data varies from person to person, likely because the data breach affected multiple agencies in the State. Watch out for phishing emails, too.

article thumbnail

How security pros, the insurance industry, and regulators can combat ransomware

SC Magazine

AIG is one of the top cyber insurance companies in the U.S. Today’s columnist, Erin Kennealy of Guidewire Software, offers ways for security pros, the insurance industry and government regulators to come together so insurance companies can continue to offer insurance for ransomware. eflon CreativeCommons CC BY 2.0.

Insurance 113
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

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.

article thumbnail

Cyber Liability Insurance – What You Need to Know

Duo's Security Blog

Cyber liability insurance can be a lifeline in the event of a major incident or breach. Cyber incidents rose 35% in 2020 with data breaches costing businesses an average of $4.24 million per year , resulting in cyber insurance premiums jumping up by 50-100%. No doubt, cyber insurance is a hot topic right now.

article thumbnail

Exploring the Cost of a Data Breach and Its Implications

Centraleyes

According to IBM’s recently released “Cost of a Data Breach” statistics report, the average financial toll of a data breach has surged to an unprecedented $4.45 Regional Disparities in Data Breach Costs The United States emerges with a significantly higher average cost of $9.4

article thumbnail

2023: A Year of Record-Breaking Data Breaches

Identity IQ

2023: A Year of Record-Breaking Data Breaches IdentityIQ This past year has been an eye-opening year in the realm of digital security. Data breaches reached an all-time high, leaving a trail of identity theft cases. Businesses faced constant threats with phishing scams , malware , and other tactics.

article thumbnail

Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

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.