Security Boulevard

OCTOBER 30, 2024

Cybersecurity is a leading concern for risk managers as AI-related cyber risks surge, and despite growing investments, many businesses still lack comprehensive cyber insurance, according to a Nationwide survey. The post AI Cyberattacks Rise but Businesses Still Lack Insurance appeared first on Security Boulevard.

Insurance 120

Insurance Cyber Insurance Cyber Risk Risk 120

Lohrman on Security

MARCH 13, 2022

Cyber insurance is only getting more expensive, and the market is changing dramatically, with more changes to come. So what trends will drive adoption, rates and the wider future of cyber insurance?

Cyber Insurance 304

Cyber Insurance Insurance Marketing Government 304

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 258

Insurance Cyber Insurance Artificial Intelligence Ransomware 258

The Hacker News

JUNE 17, 2025

retailers has begun to target major insurance companies, according to Google Threat Intelligence Group (GTIG). The notorious cybercrime group known as Scattered Spider (aka UNC3944) that recently targeted various U.K. Google Threat Intelligence Group is now aware of multiple intrusions in the U.S.

Insurance 112

Insurance Retail Cybercrime 112

Krebs on Security

MAY 16, 2020

A well-organized Nigerian crime ring is exploiting the COVID-19 crisis by committing large-scale fraud against multiple state unemployment insurance programs, with potential losses in the hundreds of millions of dollars, according to a new alert issued by the U.S. Secret Service.

Insurance 363

Insurance Banking Identity Theft Accountability 363

Krebs on Security

OCTOBER 30, 2024

“Affected insurance providers can contact us to prevent leaking of their own data and [remove it] from the sale,” RansomHub’s victim shaming blog announced on April 16. According to the HIPAA Journal, the biggest penalty imposed to date for a HIPPA violation was the paltry $16 million fine against the insurer Anthem Inc.

Healthcare 311

Healthcare Insurance Computers and Electronics Data breaches 311

Security Boulevard

MARCH 20, 2025

Compliance as a Service (CaaS) strengthens a companys posture and defensibility, making it more attractive to insurers. The post CaaS: The Key to More Affordable Cyber Insurance appeared first on Security Boulevard.

Cyber Insurance 87

Cyber Insurance Insurance Cyber threats Risk 87

Lohrman on Security

NOVEMBER 12, 2023

From the roller-coaster ride in rates to new generative AI uses to dramatic changes in underwriting rules, cyber insurance is evolving fast. Here are some of the latest trends.

Cyber Insurance 223

Cyber Insurance Insurance 223

Security Boulevard

NOVEMBER 12, 2024

National insurance firm Crum and Forster is offering a professional liability program for CISOs who are facing growing regulatory pressures and sophisticate cyberattacks but often are not covered by their organizations' D&O policies. The post Insurance Firm Introduces Liability Coverage for CISOs appeared first on Security Boulevard.

Insurance 80

Insurance CISO Risk Government 80

SecureWorld News

JUNE 17, 2025

insurance industry, according to a new warning from Google's Threat Intelligence Group (GTIG). based insurance companies. Retailer Alarm ] Why the insurance sector? The pivot toward insurance firms aligns with Scattered Spider's preference for high-value data and easily manipulated entry points. and the U.S.,

Insurance 68

Insurance Cyber Attacks Social Engineering Retail 68

Tech Republic Security

JULY 4, 2024

Rates have declined by 15% since the market peak in 2022, according to Howden Insurance Brokers.

Insurance 189

Insurance Cyber Insurance Marketing Backups 189

Security Boulevard

JUNE 22, 2025

and UK retailers in a series of attacks, is now turning its attention to the insurance industry and appears to have landed a big victim in Aflac after compromising networks and systems of the Philadelphia Insurance and Erie Insurance companies. The prolific Scattered Spider threat group, which recently targeted U.S.

Insurance 52

Insurance Retail Social Engineering Data privacy 52

Digital Shadows

JANUARY 22, 2025

Were thrilled to unveil our latest threat landscape report for the finance and insurance sector, offering in-depth analysis of the evolving cyber threats facing this industry. Stolen data is weaponized in double-extortion schemes, with ransom demands averaging $69 million.

Insurance 65

Insurance Phishing Social Engineering Engineering 65

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. Tom Kang, CEO, Converge, added, “We’re thrilled to partner with QBE North America given their experience and reputation in the cyber insurance market.

Cyber Insurance 188

Cyber Insurance Insurance Cyber Risk Small Business 188

Schneier on Security

AUGUST 14, 2024

The suit said those two companies then sold these scores to insurance companies. Insurance companies can use data to see how many times people exceeded a speed limit or obeyed other traffic laws. Some insurance firms ask customers if they want to voluntarily opt-in to such programs, promising lower rates for safer drivers.

Insurance 324

Insurance Manufacturing Technology Data collection 324

Security Boulevard

FEBRUARY 20, 2025

Cyber insurance used to be an optional safety net. The post How CTEM Impacts Cyber Security Insurance Premiums? The post How CTEM Impacts Cyber Security Insurance Premiums? Its a must-have. With ransomware, data breaches, and cyberattacks on the rise, companies need protection against financial losses.

Insurance 59

Insurance Cyber Insurance Data breaches Ransomware 59

Schneier on Security

APRIL 26, 2024

Kashmir Hill has a really good article on how GM tricked its drivers into letting it spy on them—and then sold that data to insurance companies.

Insurance 334

Insurance Surveillance 334

Lohrman on Security

AUGUST 4, 2024

As Delta Air Lines, and many other public and private organizations, tally the business costs from the unprecedented incident caused by a CrowdStrike update, lawyers debate contract language.

Insurance 257

Insurance 257

Schneier on Security

JANUARY 19, 2022

Doctors Clinical Lab, the lab Center for COVID Control uses to process tests, makes money by billing patients’ insurance companies or seeking reimbursement from the federal government for testing.

Insurance 357

Insurance Marketing Government Software 357

The Hacker News

JUNE 21, 2025

based independent, non-profit body set up by the insurance industry to categorize major cyber events. The April 2025 cyber attacks targeting U.K. retailers Marks & Spencer and Co-op have been classified as a "single combined cyber event." That's according to an assessment from the Cyber Monitoring Centre (CMC), a U.K.-based

Insurance 116

Insurance Retail Cyber Attacks 116

Malwarebytes

JANUARY 24, 2025

Only recently we reported how the Attorney General also went after the buyers of data like insurance company Allstate and its subsidiary Arity. Arity acts as a data broker which sold insurers the information to set prices on insurance premiums.

Manufacturing 107

Manufacturing Insurance Data collection Data privacy 107

Lohrman on Security

JANUARY 8, 2023

There are dark clouds on the horizon as well as conflicting forecasts regarding cyber insurance in 2023 and beyond. Where will the insurance market go from here on cybersecurity coverage?

Cyber Insurance 277

Cyber Insurance Cyber Attacks Insurance Risk 277

Krebs on Security

MAY 15, 2025

In what experts are calling a novel legal outcome, the 22-year-old former administrator of the cybercrime community Breachforums will forfeit nearly $700,000 to settle a civil lawsuit from a health insurance company whose customer data was posted for sale on the forum in 2023. Conor Brian Fitzpatrick , a.k.a.

Healthcare 234

Healthcare Insurance Data breaches Government 234

Krebs on Security

MAY 23, 2020

Secret Service warned of “massive fraud” against state unemployment insurance programs , noting that false filings from a well-organized Nigerian crime ring could end up costing the states and federal government hundreds of millions of dollars in losses. Meanwhile, a number of U.S. Last week, the U.S. ” STATE WEB SITE WOES.

Insurance 361

Insurance Accountability Banking Government 361

NSTIC

NOVEMBER 13, 2024

Take any physical credential you use in everyday life – your driver’s license, your medical insurance card, a certification or diploma – and turn it into a digital format stored on your These terms, among others, all reference a growing ecosystem around what we are calling “verifiable digital credentials.”

Insurance 133

Insurance Mobile 133

Schneier on Security

JUNE 7, 2023

New paper: “ Lessons Lost: Incident Response in the Age of Cyber Insurance and Breach Attorneys “: Abstract: Incident Response (IR) allows victim firms to detect, contain, and recover from security incidents. It should also help the wider community avoid similar attacks in the future.

Cyber Insurance 258

Cyber Insurance Insurance Cybersecurity 258

Security Affairs

JANUARY 26, 2025

” The figure is alarming: the 2024 cyberattack on the insurance giant exposed the private data of over half the U.S. According to the Associated Press, UnitedHealth booked $1.1 billion in total costs from the cyberattack in the second quarter. The final figure represents well over half of the U.S. population.”

Healthcare 129

Healthcare Data breaches Insurance Cybercrime 129

Krebs on Security

OCTOBER 1, 2020

In addition, insurance providers often help facilitate the payments because the amount demanded ends up being less than what the insurer might have to pay to cover the cost of the affected business being sidelined for days or weeks at a time. jurisdiction) and making it a crime to transact with them.

Ransomware 363

Ransomware Cyber Insurance Insurance Cybercrime 363

WIRED Threat Level

JULY 2, 2025

The Scattered Spider hacking group has caused chaos among retailers, insurers, and airlines in recent months. Researchers warn that its flexible structure poses challenges for defense.

Insurance 91

Insurance Retail Hacking 91

eSecurity Planet

JUNE 20, 2025

Insurance giant Aflac Incorporated has confirmed it was hit by a cybersecurity breach this month, making it one of the latest casualties in a growing wave of cyberattacks targeting US insurance companies. ” While Aflac did not name the group in its public statement, it did acknowledge the broader context of the attack.

Social Engineering 103

Social Engineering Insurance Cybersecurity Cybercrime 103

Joseph Steinberg

OCTOBER 24, 2022

million customers; the hacker has even offered to show the stolen data pertaining to 100 customers as evidence of their successfully having breached the company.

Cybersecurity 363

Cybersecurity Social Engineering Artificial Intelligence Insurance 363

Krebs on Security

JULY 23, 2020

In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. based First American [ NYSE:FAF ] is a leading provider of title insurance and settlement services to the real estate and mortgage industries. It employs some 18,000 people and brought in $6.2 billion in 2019.

Insurance 359

Insurance Financial Services Penetration Testing Scams 359

Krebs on Security

JANUARY 29, 2021

The unprecedented volume of unemployment insurance fraud witnessed in 2020 hasn’t abated, although news coverage of the issue has largely been pushed off the front pages by other events. Another 17 percent of claims — nearly $20 billion more – are suspected fraud. In a notice posted Jan. 28 , the U.S.

Insurance 345

Insurance Identity Theft Accountability Mobile 345

Krebs on Security

AUGUST 6, 2020

A group of thieves thought to be responsible for collecting millions in fraudulent small business loans and unemployment insurance benefits from COVID-19 economic relief efforts gathered personal data on people and businesses they were impersonating by leveraging several compromised accounts at a little-known U.S.

Accountability 363

Accountability Identity Theft Hacking Insurance 363

Schneier on Security

SEPTEMBER 26, 2022

Depending on the website you visit, the form data may itself include PII­—including but not limited to Social Security Numbers (SSNs)/Social Insurance Numbers (SINs), name, address, email, date of birth (DOB), contact information, bank and payment information, and so on.

Passwords 313

Passwords Insurance Banking 313

Krebs on Security

JUNE 18, 2021

The SEC says First American derives nearly 92 percent of its revenue from its title insurance segment, earning $7.1 Title insurance protects homebuyers from the prospect of someone contesting their legitimacy as the new homeowner. Title insurance is not mandated by law, but most lenders require it as part of any mortgage transaction.

Insurance 344

Insurance Risk Financial Services CISO 344

Malwarebytes

APRIL 24, 2025

The tech giant may have used this data for targeted advertising, according to Blue Shield, which is one of the largest health insurers in the US. Blue Shield a nonprofit health insurer serving nearly 6 million members, used Google Analytics to monitor how customers interacted with its websites to improve services. .”

Insurance 107

Insurance Data breaches Passwords Phishing 107