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 101

Cyber Insurance Insurance Cyber Risk Data breaches 101

Security Boulevard

APRIL 1, 2024

Even on April Fool’s Day, it’s no joke that the astronomical cost of cyber insurance has surged in recent years, reflecting the escalating frequency and severity of cyberattacks.

Cyber Insurance 62

Cyber Insurance Insurance Data breaches Ransomware 62

CyberSecurity Insiders

JULY 20, 2021

Campbell Conroy & O’Neil’s law firm has issued a public statement early today that it was a victim of a ransomware attack on February 27th,2021 and the incident could have led to a potential data breach that is under serious investigation.

Data breaches 144

Data breaches Ransomware Identity Theft Insurance 144

Security Affairs

DECEMBER 11, 2023

Toyota Financial Services (TFS) disclosed a data breach, threat actors had access to sensitive personal and financial data. Toyota Financial Services (TFS) is warning customers it has suffered a data breach that exposed sensitive personal and financial data.

Financial Services 111

Financial Services Data breaches Identity Theft Banking 111

CyberSecurity Insiders

JANUARY 4, 2023

A week later, forensic experts hired from a 3rd party firm confirmed the incident as a ransomware attack and started an inquiry. In August 2022, Lockbit Ransomware gang claimed to have stolen the info and published sample data on the dark web to prove their claims.

Data breaches 103

Data breaches Ransomware Identity Theft Insurance 103

Security Affairs

FEBRUARY 28, 2024

Pharmaceutical giant Cencora suffered a cyber attack and threat actors stole data from its infrastructure. Pharmaceutical giant Cencora disclosed a data breach after it was the victim of a cyberattack. The company did not provide details about the attack, it’s unclear if Cencora was hit by a ransomware attack.

Data breaches 92

Data breaches Healthcare Insurance Ransomware 92

Security Affairs

NOVEMBER 10, 2023

McLaren Health Care (McLaren) experienced a data breach that compromised the sensitive personal information of approximately 2.2 McLaren Health Care (McLaren) disclosed a data breach that occurred between late July and August. The security breach exposed the sensitive personal information of 2,192,515 people.

Data breaches 107

Data breaches Identity Theft Insurance Ransomware 107

Heimadal Security

JULY 12, 2021

After suffering a ransomware attack that impacted its business operations and shut down its website, the leading US-based insurance company CNA is now warning its customers of a major data breach that happened as a consequence of the attack.

Data breaches 98

Data breaches Ransomware Insurance Cybersecurity 98

Joseph Steinberg

AUGUST 5, 2021

Understanding the difference between the two is also essential when seeking to obtain – and when acquiring – cyber-liability insurance. Likewise, if you purchase appropriate first-party insurance, your insurance policy should cover the relevant losses – as the losses are borne directly by the policyholder (your business).

Insurance 141

Insurance Risk Data breaches Artificial Intelligence 141

Security Boulevard

JULY 15, 2021

Kaseya Patches Zero-Day Vulnerabilities Used in Supply Chain Ransomware Attack. Attackers Use Kaseya Ransomware Attack to Spread Cobalt Strike Backdoor in Fake Security Updates. Morgan Stanley Reports Data Breach After Vendor Affected by Accellion Hack.

Data breaches 98

Data breaches Ransomware Retail Insurance 98

Malwarebytes

NOVEMBER 13, 2023

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. million people.

Data breaches 118

Data breaches Identity Theft Insurance Education 118

Security Boulevard

MARCH 15, 2023

With ransomware attacks, social engineering, and data breaches at an all-time high, terms like “cybersecurity” and “cyber insurance” are being thrown around in conversation more than ever before. But what, in practice, do they mean – and how are the two intertwined?

Cyber Insurance 97

Cyber Insurance Insurance Social Engineering Cybersecurity 97

Security Affairs

JANUARY 4, 2022

Hospitality chain McMenamins disclosed a data breach after a recent ransomware attack. Hospitality chain McMenamins discloses a data breach after a ransomware attack that took place on December 12. The good news is that customer financial data was not affected. SecurityAffairs – hacking, ransomware).

Data breaches 100

Data breaches Ransomware Insurance Banking 100

Security Affairs

AUGUST 17, 2021

Colonial Pipeline discloses a data breach of the personal information of thousands of individuals after the ransomware attack that took place in May 2021. Colonial Pipeline has started notifying more than 5000 people that had their personal information compromised after a ransomware attack that took place in May.

Data breaches 106

Data breaches Ransomware Insurance Government 106

Graham Cluley

MARCH 22, 2021

A member of the REvil ransomware gang claims that the group specifically targets firms who have taken our cyber insurance. And what's more, it will hack insurance firms to identify them.

Cyber Insurance 142

Cyber Insurance Insurance Ransomware Hacking 142

SC Magazine

APRIL 19, 2021

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

Insurance Cyber Insurance Ransomware InfoSec 113

CyberSecurity Insiders

MAY 1, 2023

This legal turn is supported by a study conducted by BakerHostetler, which confirms that lawsuits against companies that suffer data breaches are becoming more common and may increase by the end of this year. Now the big question: Is there any benefit in filing a lawsuit against the technology service provider for a data breach?

Data breaches 138

Data breaches Cyber Insurance Insurance Technology 138

Graham Cluley

MARCH 28, 2021

Insurance firm CNA Hardy says that it has suffered a “sophisticated cybersecurity attack” that has impacted its operations, including its email system.

Cyber Insurance 135

Cyber Insurance Insurance Ransomware Cybersecurity 135

CyberSecurity Insiders

MAY 23, 2022

A ransomware attack has led to the leak of personal information of students and staff at the Chicago Public Schools(CPS) and information is out that the incident which took place in December last year was revealed to the public on April 25th this year.

Data breaches 121

Data breaches Ransomware Identity Theft Insurance 121

Security Affairs

NOVEMBER 23, 2023

Healthcare services provider Welltok disclosed a data breach that impacted nearly 8.5 It provides a platform that leverages data-driven insights to engage individuals in their health and well-being. The company disclosed a data breach that exposed the personal data of nearly 8.5 million patients in the U.S.

Data breaches 93

Data breaches Insurance Healthcare Hacking 93

Centraleyes

APRIL 9, 2024

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

Data breaches 52

Data breaches Cyber Insurance Insurance Ransomware 52

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 97

Cyber Insurance Insurance Risk CISO 97

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 112

Cyber Insurance Insurance Marketing Small Business 112

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. to 130.6%).

Insurance 70

Insurance Risk Cyber Insurance Cybersecurity 70

CyberSecurity Insiders

JUNE 5, 2023

CLOP Ransomware hasn’t reacted to the news yet, nor did it publish any stolen details onto the dark web. However, compromised data includes names, addresses and national insurance numbers of em-ployees in British Airways, Boots, Jaguar Land Rover (JLR) and such.

Data breaches 122

Data breaches Cybersecurity Insurance Ransomware 122

Security Affairs

NOVEMBER 23, 2023

American retailer and distributor of automotive parts and accessories AutoZone discloses a data breach after a MOVEit attack. AutoZone disclosed a data breach resulting from the hack of their MOVEit Transfer installation. million Teachers Insurance and Annuity Association of America 2.6 million Genworth 2.5

Data breaches 109

Data breaches Hacking Retail Identity Theft 109

Security Affairs

JANUARY 19, 2024

American global apparel and footwear company VF Corp revealed that the December data breach impacted 35.5 In December 2023, VF Corp announced it was the victim of a ransomware attack and was forced to take some systems down to contain the threat. million customers. In 2015, the company controlled 55% of the U.S.

Data breaches 113

Data breaches Retail Insurance Passwords 113

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

Security Affairs

NOVEMBER 12, 2023

The State of Maine disclosed a data breach that impacted about 1.3 The Government organization disclosed a data breach that impacted about 1.3 Compromised data may include the Social Security number (SSN), date of birth, driver’s license/state identification number, and taxpayer identification number. million “U.S.-based

Data breaches 108

Data breaches Insurance Identity Theft Education 108

Security Affairs

SEPTEMBER 29, 2020

Gallagher (AJG) insurance giant disclosed a ransomware attack, the security breach took place on Saturday. Gallagher (AJG) global insurance brokerage firm confirmed that it was his with a ransomware attack on Saturday, September 26. US-based Arthur J. The company is currently ranked 429 on the Fortune 500 list.

Insurance 138

Insurance Ransomware Advertising Data breaches 138

Heimadal Security

JULY 5, 2021

A September 2020 AJG data breach has been reported by the company itself, affecting a number of the insurance company’s systems. Customer data stored on the compromised systems might have been leaked or stolen in a ransomware attack that happened on the 26th of September 2020. Back […].

Insurance 59

Insurance Data breaches Ransomware Cyber Insurance 59

CyberSecurity Insiders

JANUARY 23, 2023

As the company failed to pay them the demanded ransom, the cyber crooks have leaked addresses, passports, and national insurance numbers and are threatening to leak more sensitive information in the coming weeks, if the victim cannot pay them the demanded ransom. Play Ransomware gang is suspected to be behind the incident.

Identity Theft 127

Identity Theft Data breaches Insurance Ransomware 127

The Last Watchdog

JANUARY 20, 2020

To help mitigate the risk of financial losses, more companies are turning to cyber insurance. Related: Bots attack business logic Cyber insurance, like other forms of business insurance, is a way for companies to transfer some of numerous potential liability hits associated specifically with IT infrastructure and IT activities.

Cyber Insurance 222

Cyber Insurance Insurance Data breaches Risk 222

The Hacker News

NOVEMBER 9, 2022

The rise in the costs of data breaches, ransomware, and other cyber attacks leads to rising cyber insurance premiums and more limited cyber insurance coverage. This cyber insurance situation increases risks for organizations struggling to find coverage or facing steep increases.

Cyber Insurance 69

Cyber Insurance Insurance Data breaches Cyber Attacks 69

CyberSecurity Insiders

NOVEMBER 15, 2022

Cyber Insurance premiums are becoming dearer and the reason for such a rise is claimed to be sophistication in attacks that are making mitigation and recovery expensive. Most companies are showing laxity in following basic cyber security hygiene, leading to a surge in cyber-attacks and data breaches.

Cyber Insurance 84

Cyber Insurance Insurance Marketing Data breaches 84

Identity IQ

DECEMBER 20, 2023

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. Breaches cripple businesses, harming their reputations as well as their finances.

Data breaches 67

Data breaches Identity Theft Cybercrime Social Engineering 67

Security Boulevard

NOVEMBER 18, 2021

There seems to be a pattern in data breach and other cyberattack cases: After a breach, a company turns to its insurer for coverage. But often, even if they have paid for what they believe to be comprehensive cybersecurity risk insurance, the insurer refuses to pay the claim.

Insurance 113

Insurance Ransomware Data breaches Risk 113