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

Security Affairs

OCTOBER 20, 2022

Healthcare system Advocate Aurora Health (AAH) disclosed a data breach that exposed the personal data of 3,000,000 patients. The US-based hospital healthcare system Advocate Aurora Health (AAH) disclosed a data breach that exposed the personal data of 3,000,000 patients.

Data breaches 112

Data breaches Healthcare Insurance Accountability 112

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

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. As cyber criminals mature and advance their tactics, small and medium businesses become the most vulnerable because they lack the capacity – staff, technology, budget - to build strong cyber defenses. The necessity for cyber-insurance coverage. Tue, 05/10/2022 - 05:43.

Cyber Insurance 77

Cyber Insurance Insurance Cyber Risk Authentication 77

eSecurity Planet

APRIL 29, 2024

Integrated risk management (IRM) is a discipline designed to embed risk considerations for the use of technology throughout an organization. In other words, it links technology spending directly to the value of the resource protected and the associated risks controlled by that technology.

Risk 67

Risk Technology Government Penetration Testing 67

Duo's Security Blog

OCTOBER 7, 2022

In this blog, we explain why it makes sense for these firms to work with managed service providers (MSPs) to help bolster their security posture and increase their chances of getting cyber liability insurance cover as insurers continue to raise the bar. Small business cyber insurance: Is it really needed?

Small Business 98

Small Business Cyber Insurance Insurance Cyber Risk 98

SecureWorld News

JANUARY 7, 2024

The integration of Governance, Risk, and Compliance (GRC) strategies with emerging technologies like Artificial Intelligence and the Internet of Things are reshaping the corporate risk landscape. In recent years, these programs have become even more effective thanks to technology such as artificial intelligence.

IoT 82

IoT Technology Artificial Intelligence Government 82

Centraleyes

JANUARY 18, 2024

A harmonious balance ensures that the organization benefits from the spark of innovation without succumbing to the risks that may accompany it. Partnering with them can infuse new ideas and technologies into the organization. Relying too heavily on innovative but volatile partners may introduce unnecessary risks.

Risk 52

Risk Insurance Cyber Risk Technology 52

SecureWorld News

MARCH 3, 2021

This is just more proof that cyber risk is a business risk. Operational impact of the data breach. It also included detailed information on the data breach and how that impacted the operations of the company. "As Incident response to the data breach. Financial impact of the data breach.

Data breaches 89

Data breaches Technology Healthcare Insurance 89

The Hacker News

JULY 6, 2023

As technology advances and organizations become more reliant on data, the risks associated with data breaches and cyber-attacks also increase. The introduction of data privacy laws, such as the GDPR, has made it mandatory for organizations to disclose breaches of personal data to those affected.

Cyber Insurance 88

Cyber Insurance Insurance Data privacy Data breaches 88

Security Boulevard

JUNE 26, 2023

The end result of these types of cyber attacks are often highly public and damaging data breaches. 1 in 4 Americans reported that they would stop doing business with a company following a data breach, and 67% of consumers reported a loss of trust in an organization following a breach. What Are Data Breaches?

Data breaches 52

Data breaches Healthcare Telecommunications Financial Services 52

SC Magazine

MAY 24, 2021

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

Cyber Insurance 94

Cyber Insurance Insurance Marketing Cyber Risk 94

The Last Watchdog

AUGUST 19, 2021

At the start of this week, word got out that hackers claimed to have seized personal data for as many as 100 million T-Mobile patrons. Related: Kaseya hack worsens supply chain risk. Once more, a heavily protected enterprise network has been pillaged by data thieves. Joshua Arsenio, Director, Security Compass Advisory.

Mobile 306

Mobile Data breaches Authentication Accountability 306

SC Magazine

JUNE 28, 2021

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. Growing losses from ransomware attacks have…emphasized that the current reality is not sustainable for insurers either.

Cyber Insurance 136

Cyber Insurance Insurance Ransomware Marketing 136

SC Magazine

FEBRUARY 8, 2021

Every time a driver buckles up or an airbag is deployed we see the powerful influence of the insurance companies who insisted those measures become mandatory. Now, those insurers are poised to drive cybersecurity investment by insisting that organizations meet certain criteria to qualify for coverage. A maturing model.

Insurance 126

Insurance Cyber Insurance Cybersecurity Government 126

Centraleyes

MARCH 28, 2024

Coalition, a leader in cyber insurance, has added a positive endorsement for artificial intelligence (AI) to its cyber insurance plans for the US and Canada. The endorsement expands the definition of a security failure or data breach to include events caused by artificial intelligence.

Artificial Intelligence 52

Artificial Intelligence Cyber Insurance Insurance Technology 52

BH Consulting

JUNE 22, 2021

Organisations are coming under increasing pressure to take out cybersecurity insurance cover. Also known as cyber risk insurance, it’s now a prerequisite in some public sector tenders. Sometimes, contracts or proposals ask suppliers for both cybersecurity insurance and documented security controls.

Insurance 83

Insurance Cybersecurity Cyber Insurance Cyber Risk 83

Thales Cloud Protection & Licensing

MAY 26, 2023

CIAM in insurance: A unified, secure user experience with a single login madhav Fri, 05/26/2023 - 07:33 In recent years, the insurance industry has transformed from a singularly focused entity to a multi-brand or multi-service type of business. Digital technologies play a key role in that process.

Insurance 71

Insurance Digital transformation Authentication Passwords 71

SecureWorld News

MARCH 28, 2024

Department of Treasury on March 27th released a report titled "Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector." Data Security Concerns: AI systems rely heavily on data. The Treasury Department recognizes the importance of proactively addressing these risks.

Risk 80

Risk Artificial Intelligence Cybersecurity Financial Services 80

SC Magazine

JULY 12, 2021

The radiology specialist and its vendor Alliance HealthCare are being sued by patients impacted by its nine-month, PACS-related health care data breach. The lawsuit was filed in the New York Southern District Court by some of the 298,532 patients impacted by a PACS-related data breach reported in March 2020.

Data breaches 92

Data breaches Identity Theft Healthcare Insurance 92

SecureWorld News

APRIL 5, 2021

The beverage company recently gave investors an update on data breach recovery and material impacts: "Molson Coors has made substantial progress in restoring its systems following the recent cybersecurity incident. Yes, this is the day and age where shutdowns, natural disasters, and cyber incidents are all business risk.

Data breaches 88

Data breaches Insurance Cybersecurity Government 88

CyberSecurity Insiders

SEPTEMBER 20, 2021

As technology advances, cybercriminals are finding more sophisticated means to attack businesses online. When a company finds ways to stay safe from cybersecurity attacks , its confidential information and data remain secure and confidential. Invest in cybersecurity insurance. Secure your hardware.

Cybersecurity 121

Cybersecurity Insurance Passwords Encryption 121

Krebs on Security

JULY 21, 2023

One-third of last year’s Fortune 100 companies included a Chief Technology Officer (CTO) in their executive stables; 40 listed Chief Information Officer (CIO) roles, but just 21 included a Chief Risk Officer (CRO). “But that critical separation is violated every day with the CISO or CSO reporting to the heads of technology.”

CSO 211

CSO CISO Insurance Risk 211

Adam Levin

AUGUST 26, 2019

The data breach of Capital One was big news, but it was also a familiar story: a major financial company with the budget and means to secure its data didn’t bother to do so, and the personal information of over a hundred million of its customers and applicants was exposed. Cloudy with a Chance of Client Error.

Data breaches 142

Data breaches Cyber Insurance Hacking Insurance 142

SecureWorld News

OCTOBER 8, 2021

It will also put an emphasis on those who fail to report cybersecurity breaches and incidents when required. Reporting a data breach can be a very difficult decision for CISOs and executives. The latest estimates are around 20% of actual ransomware instances get reported to law enforcement or insurance or regulators.".

Data breaches 77

Data breaches Government Cybersecurity Insurance 77

IT Security Guru

MARCH 27, 2024

The Digital Operational Resilience Act (Regulation (EU) 2022/2554) was born from a realisation that businesses, particularly those in financial services, rely increasingly on Information and Communications Technology (ICT) and digital means to operate. DORA takes effect in January 2025.

Financial Services 76

Financial Services Risk Penetration Testing Technology 76

Security Affairs

NOVEMBER 26, 2018

The way in which you respond to a data breach has a significant impact on how severe its consequences are. The number of data breaches that were tracked in the U.S. Most data breach laws deal with personal data, which is essentially any information that can be associated with a particular person.

Data breaches 88

Data breaches Identity Theft Banking Advertising 88

SC Magazine

JUNE 30, 2021

Clout IT hosting company Netgain is is one of a number of vendors that experienced a breach that hit the health care community in the first half of 2021.( “File:NetGain Technologies.png” by Emily.cedargren is licensed under CC BY-SA 3.0 ). Florida Healthy Kids: 3.5 million patients. 20/20 Eye Care Network: 3.3 CaptureRx: 1.7M

Data breaches 67

Data breaches Insurance Ransomware Hacking 67

IT Security Guru

MARCH 14, 2024

With a key question for many organisations today surrounding that of where and how they host their data – especially when you consider 23andMe’s data has reportedly been stored solely on cloud servers? Additionally, access to this data can be restricted to authorised personnel only, minimising the potential for internal data leaks.

Data breaches 120

Data breaches Identity Theft Encryption Authentication 120

The Last Watchdog

JANUARY 30, 2019

Late last year, Atrium Health disclosed it lost sensitive data for some 2.65 The culprit: lax practices of a third-party data and analytics contractor. Related: Atrium Health breach highlights third-party risks. Third-party cyber risks are likely to persist at the current scale for a while longer.

Cyber Risk 147

Cyber Risk Risk Financial Services Banking 147

SecureWorld News

APRIL 5, 2021

The beverage company recently gave investors an update on data breach recovery and material impacts: "Molson Coors has made substantial progress in restoring its systems following the recent cybersecurity incident. Yes, this is the day and age where shutdowns, natural disasters and cyber incidents are all business risk.

Data breaches 52

Data breaches Cybersecurity Insurance Government 52

The Last Watchdog

OCTOBER 29, 2018

The headlines immediately attempted to lay the blame, in large part, on the fact that Equifax’s chief information security officer was a music major and did not have a background in technology. The technologies existing in 2018 will undoubtedly differ from those that exist in 2020. Insurability. Reduced penalties.

Data privacy 164

Data privacy Data breaches Insurance Information Security 164

SecureWorld News

SEPTEMBER 5, 2023

In a recent revelation, security researcher Jeremiah Fowler uncovered a significant data leak affecting one of the United States' largest health insurance companies, Cigna Health. While the exposed data was primarily meant for public access under federal law, its accessibility without proper security measures raised valid concerns.

Backups 95

Backups Insurance Healthcare Data breaches 95

Joseph Steinberg

JULY 8, 2021

Ironically, while many larger enterprises purchase insurance to protect themselves against catastrophic levels of hacker-inflicted damages, smaller businesses – whose cyber-risks are far greater than those of their larger counterparts – rarely have adequate (or even any) coverage. Insurance is, therefore, always needed.

Insurance 363

Insurance Cyber Insurance Cybersecurity Small Business 363

Webroot

JULY 25, 2022

Threat intelligence solutions using AI/ ML technologies can prevent false positives and reduce alert fatigue – helping cybersecurity professionals focus on strategic priorities instead of spending all their time reacting to security alerts and potential incidents. Cyber insurance becomes mainstream discussion.

Cyber Insurance 124

Cyber Insurance Insurance Marketing Phishing 124

Centraleyes

MAY 20, 2024

Did you know that 80% of breaches exploit legitimate identities and are difficult to detect? It’s hard to tell a hacker from a legitimate user’s behavior using regular security procedures and technologies. IAM evaluations are required because data is continuously at risk. What is An IAM Assessment?

Data breaches 52

Data breaches Accountability Authentication Healthcare 52

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. Here are some comments on the cyber risk landscape from cybersecurity vendor experts.

Cybersecurity 78

Cybersecurity Cyber Risk Risk Cyber Insurance 78