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The future of cyber insurance

IT Security Guru

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.

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Patch Management Best Practices & Steps

eSecurity Planet

Patch management is a critical aspect of IT security. Those organizations that deploy patches rapidly and comprehensively across all endpoints and systems suffer far fewer attacks than those that are sloppy about their patch management practices. See the Best Patch Management Software & Tools. Asset discovery.

Risk 122
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Three takeaways from the Colonial Pipeline attack

SC Magazine

The shutdown of operations of Colonial Pipeline captured the attention of the security community, government and consumers that suddenly couldn’t fill their gas tanks. Some saw this as a typical ransomware attack, albeit on a vulnerable target. That distinction is important for identifying risk. Colonial Pipeline).

Insurance 117
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Fitch Ratings: Cyberattacks could pose a material risk to water and sewer utilities

Security Affairs

Fitch Ratings is warning that cyberattacks could pose a risk to water and sewer utilities potentially impacting their ability to repay debt. Securities and Exchange Commission in 1975. Fitch Ratings Inc. It is one of the three nationally recognized statistical rating organizations (NRSRO) designated by the U.S.

Risk 112
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RSAC insights: Sophos report dissects how improved tools, tactics stop ransomware attack

The Last Watchdog

A new report from Sophos dissects how hackers spent two weeks roaming far-and-wide through the modern network of a large enterprise getting into a prime position to carry out what could’ve been a devasting ransomware attack. Related: DHS embarks on 60-day cybersecurity sprints. A good number may never get patched. Good guys prevail.

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Security Outlook 2023: Cyber Warfare Expands Threats

eSecurity Planet

After a year that saw massive ransomware attacks and open cyber warfare, the biggest question in cybersecurity for 2023 will likely be how much of those attack techniques get commoditized and weaponized. The ongoing war in the Ukraine has led to more nation-state sponsored attacks that tend to have societal and economic impacts.

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CISA, Microsoft Warn of Wiper Malware Amid Russia-Ukraine Tensions

eSecurity Planet

government agency overseeing cybersecurity is urging the country’s businesses and other organizations to take the necessary steps to protect their networks from any spillover that might occur from the ongoing cyberattacks aimed at Ukraine government agencies and private companies. Also read: Top Vulnerability Management Tools for 2022.

Malware 140