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 302

Cyber Insurance Insurance Marketing Government 302

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

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 298

Healthcare Insurance Computers and Electronics Data breaches 298

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

Schneier on Security

JANUARY 25, 2022

The insurance company Ace American has to pay for the losses: On 6th December 2021, the New Jersey Superior Court granted partial summary judgment (attached) in favour of Merck and International Indemnity, declaring that the War or Hostile Acts exclusion was inapplicable to the dispute. Merck suffered US$1.4 Merck suffered US$1.4

Insurance 220

Insurance Cyber Attacks Government Malware 220

Tech Republic Security

JULY 4, 2024

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

Insurance 192

Insurance Cyber Insurance Marketing Backups 192

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

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 215

Cyber Insurance Insurance 215

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 332

Insurance Manufacturing Technology Data collection 332

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 341

Insurance Surveillance 341

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

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 119

Manufacturing Insurance Data collection Data privacy 119

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 245

Insurance 245

Security Boulevard

AUGUST 30, 2024

A newly released report, Forrester’s The State of Cyber, 2024 finds about 83% of organizations currently maintain cybersecurity insurance, and such policyholders tend to possess improved ability to detect and respond to attacks.

Insurance 120

Insurance Cybersecurity Cyber Insurance Security Awareness 120

We Live Security

JULY 31, 2024

Many smaller organizations are turning to cyber risk insurance, both to protect against the cost of a cyber incident and to use the extensive post-incident services that insurers provide

Cyber Risk 126

Cyber Risk Insurance Risk 126

IT Security Guru

AUGUST 7, 2024

The insurance industry is experiencing a significant transformation fuelled by the ubiquity of digital technologies. As these solutions gain traction in this sector, they add complexity to a regulatory landscape that insurance firms need to navigate, especially when it comes to Customer Identity and Access Management (CIAM).

Insurance 124

Insurance Data collection Authentication Technology 124

Security Affairs

MARCH 12, 2024

The Postal Police has issued an alert to warn citizens against insurance scams using QR codes. In practice, fake insurance operators contact victims through calls, messages, or sponsorships on social networks, offering policies at advantageous prices. Online companies do not use generic domains or channels such as WhatsApp or Telegram.

Insurance 139

Insurance Scams Education Engineering 139

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 121

Insurance Data breaches Passwords Phishing 121

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

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

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 263

Cyber Insurance Insurance Cybersecurity 263

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

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 132

Healthcare Data breaches Insurance Cybercrime 132

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 356

Insurance Accountability Banking Government 356

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 195

Healthcare Insurance Data breaches Government 195

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

The Hacker News

SEPTEMBER 9, 2024

The Colombian insurance sector is the target of a threat actor tracked as Blind Eagle with the end goal of delivering a customized version of a known commodity remote access trojan (RAT) known as Quasar RAT since June 2024.

Insurance 121

Insurance Phishing 121

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 Scams 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 323

Passwords Insurance Banking 323

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 353

Insurance Financial Services Penetration Testing Scams 353

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

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 333

Insurance Identity Theft Accountability Mobile 333

Security Affairs

DECEMBER 8, 2024

” Exposed information varies per individual, however, it may include demographic information, medical information, health insurance information, Social Security number, drivers license number, financial information, and other personal or health information that patients provided Anna Jacques.

Data breaches 120

Data breaches Insurance Healthcare Ransomware 120

Krebs on Security

AUGUST 14, 2020

The “RCM” portion of its name refers to “revenue cycle management,” an industry which tracks profits throughout the life cycle of each patient, including patient registration, insurance and benefit verification, medical treatment documentation, and bill preparation and collection from patients.

Ransomware 363

Ransomware Healthcare Insurance Phishing 363