Krebs on Security

JULY 24, 2018

According to the lawsuit, in June 2018 Everest determined both the 2016 and 2017 breaches were covered exclusively by the debit card rider, and not the $8 million C&E rider. “The serious brokers who are out there selling cyber insurance all say the same thing: Have an expert help you to write your policy,” she said.

Banking 199

Banking Insurance Computers and Electronics Cyber Insurance 199

Adam Levin

DECEMBER 26, 2018

It’s not known yet if these efforts to secure the electoral process worked, but in the mean time there are some takeaways for any organization struggling to define cyber security policies and protect itself from cyberattack. Here are three lessons from the 2018 midterm elections. Independent Vetting. Not impressive.

Computers and Electronics 130

Computers and Electronics Government Cyber Insurance Hacking 130

The Last Watchdog

SEPTEMBER 14, 2018

In March 2018, the city of Atlanta fell victim to a ransomware attack that shut down its computer network. Ananth, CEO of EventTracker , a Netsurion company, about this at Black Hat USA 2018. As Ananth explained, the city did two things right: they had cyber insurance and they didn’t pay the ransom. I spoke to A.N.

Government 147

Government Cyber Insurance Digital transformation Hacking 147

BH Consulting

JULY 17, 2024

– for anyone who’s been working in data privacy roles since 2018: you ain’t seen nothing yet. Cyber insurance: whisper it, but it seems to be working Cyber insurance premiums have dropped by 15 per cent compared to their peak in 2022. The findings echo Coalition’s 2024 Cyber Claims report.

Cyber Insurance 69

Cyber Insurance Insurance Risk Marketing 69

Krebs on Security

DECEMBER 12, 2018

companies with the Cyber Risk Score, and then invited these companies to sign up and see how their score compares with that of other organizations in their industry. The stated use cases for the Cyber Risk Score include the potential for cyber insurance pricing and underwriting, and evaluating supply chain risk (i.e.,

Cyber Risk 247

Cyber Risk Energy and Utilities Risk Marketing 247

The Last Watchdog

MARCH 1, 2019

Some 27 percent of IT professionals who partook in a survey conducted by next-gen firewall supplier Imperva at RSA 2018 reported receiving more than 1 million security alerts daily. In many cases the tedious, first-level correlating of SIEM logs to sift out threats has moved beyond human capability. Sutton: Syncurity has several innovations.

Threat Detection 193

Threat Detection Digital transformation Marketing Firewall 193

SecureWorld News

NOVEMBER 12, 2020

Ransomware detections on machines jumped 369% (yes, three-hundred-sixty-nine percent) vs. 2018. Researchers confirm what the headlines keep screaming: the threat of ransomware is rising. Another significant finding is that nearly half of organizations that get hit are now paying hacker ransoms.

Cyber threats 130

Cyber threats Insurance Cyber Insurance Ransomware 130

CyberSecurity Insiders

OCTOBER 20, 2021

Okumu lived through the ransomware attack on the City of Baltimore in 2018, which affected 90% of the municipality’s applications. The attack was first discovered in the early morning of May 19, 2018. On Tuesday afternoon, he shared those lessons with (ISC)² Security Congress 2021 attendees during a virtual session. . $18 The Attack.

Ransomware 111

Ransomware Backups Insurance Cyber Insurance 111

Adam Levin

JULY 8, 2020

Hackers were also quick to pounce on the disruption caused by the 2018 shutdown of the U.S. If all else fails (and cyber fails are more or less the third certainty in life), there’s some peace of mind to be had in securing a robust cyber insurance policy to mitigate losses in the event of a successful hack.

Hacking 130

Hacking Retail Cyber Insurance Authentication 130

Security Affairs

OCTOBER 13, 2019

“As time goes by, and we determine the full impact of this, we will be very grateful we had cyber insurance in place.” In July 2018, another Palm Beach suburb, Palm Springs, decided to pay a ransom, but it was not able to completely recover all its data. ” continues the post.

Ransomware 102

Ransomware Insurance Cyber Insurance Advertising 102

Cisco Security

JULY 11, 2022

Below you can review their findings from a study done between 2018 – 2022: Map: Comparitech Get the data Created with Datawrapper. Small to medium size businesses, hospitals, and educational institutions internal network will rely on cyber insurance in-lieu of a fully staffed, skilled cyber-security team. In 2021: .

Ransomware 145

Ransomware Education Cyber Insurance Insurance 145

The Last Watchdog

SEPTEMBER 7, 2018

Related: HBO hack spurs cyber insurance market. We met at Black Hat USA 2018 , where Hearn and O’Connor, came bearing a message about how these technologies, so heavily relied on by Hollywood, could play a starring role in shoring up the foundational layers of digital transformation — at the source code level.

IoT 133

IoT Technology Software Media 133

Security Affairs

NOVEMBER 6, 2018

Going forward, the list of exchanges where users are eligible for insurance is expected to expand. Why do crypto exchanges’ users need insurance? A Group-IB report “ 2018 Cryptocurrency Exchanges: Analysis of User Account Leaks ” shows a steady increase in incidents involving compromised user accounts. Pierluigi Paganini.

Insurance 94

Insurance Cryptocurrency Cyber threats Marketing 94

eSecurity Planet

APRIL 26, 2022

Company Sector Year Status Vicarius Vulnerability management 2022 Private Dragos ICS and OT security 2021 Private Safeguard Cyber Risk management 2021 Private CyberGRX Risk management 2019 Private Signifyd Fraud protection 2018 Private RedOwl Security analytics 2015 Acquired: Forcepoint. Accel Investments. Andreessen Horowitz (a16z).

Cybersecurity 129

Cybersecurity Technology Marketing Healthcare 129

SecureWorld News

OCTOBER 5, 2020

The OFAC Advisory on these cybercrime payments specifically warns financial institutions, cyber insurance firms, and companies that facilitate payments on behalf of victims, that they may be violating OFAC regulations. Treasury: ransomware continues to increase. persons rely on to continue conducting business.

Government 82

Government Ransomware Cyber Insurance Cybercrime 82

Adam Levin

MARCH 16, 2020

The loss of time, worker focus and business opportunities can be catastrophic is the aftermath of an attack, and is yet another reason no company should be without a robust cyber insurance policy in place. In September 2019, the Bureau announced that the losses from BEC scams had doubled between May 2018 and July 2019.

Scams 130

Scams Identity Theft Accountability Phishing 130

Cytelligence

JANUARY 14, 2020

Evolution of mobile malware attacks – The first half of 2019 saw a 50% increase in attacks by mobile banking malware compared to 2018. The rise of cyber insurance – Underwriters will sell more cyber insurance policies for businesses and government agencies such as schools, hospitals and utilities.

Cybersecurity 65

Cybersecurity Cyber Insurance Insurance Ransomware 65

eSecurity Planet

AUGUST 9, 2022

And since the EU’s General Data Protection Regulation (GDPR) took effect May 25, 2018, IT compliance issues have been at the forefront of corporate concerns. Further reading : Top Data Loss Prevention (DLP) Solutions Best Encryption Software Top 8 Cyber Insurance Companies Best Incident Response Tools and Software.

Data privacy 145

Data privacy Encryption Data breaches Insurance 145

eSecurity Planet

FEBRUARY 16, 2021

Through the years, we’ve seen several strains of ransomware make headlines: CryptoLocker in 2013, Locky in 2016, WannaCry and Hermes in 2017, GandCrab in 2018, and now, Ryuk joins the pack of notable names in criminal malware. The Ryuk ransomware family spawned in 2018 from a sophisticated Russia-based cybercrime group.

Ransomware 97

Ransomware Backups Software Encryption 97

Centraleyes

MAY 6, 2024

A Look at Some Numbers 31% of the participating European insurance firms were utilizing AI across the entire value chain, and another 24% were in the “proof of concept” stage, according to EIOPA’s 2018 thematic study on the use of big data analytics in health and auto insurance. Ready for some more numbers?

Insurance 52

Insurance Artificial Intelligence Marketing Cyber Insurance 52

Cytelligence

FEBRUARY 4, 2020

The 2019 Cybersecurity Almanac published by Cisco and Cybersecurity Ventures predicts that cyber events will cost $6 trillion annually by 2021, as companies are digitizing most of their processes and are often operating remotely. Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025.

Penetration Testing 45

Penetration Testing Insurance Data preservation Risk 45

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 131

Cyber Insurance Insurance Marketing Cyber Attacks 131

Andrew Hay

JULY 26, 2018

According to the lawsuit, in June 2018 Everest determined both the 2016 and 2017 breaches were covered exclusively by the debit card rider, and not the $8 million C&E rider. The second was a “debit card rider” which provided coverage for losses which result directly from the use of lost, stolen or altered debit cards or counterfeit cards.

Insurance 45

Insurance Computers and Electronics Banking Cybercrime 45

Spinone

OCTOBER 13, 2020

This is quite a feat as it was only first discovered in mid-august 2018. In fact, one report shows that business email compromises are 23% of cyber insurance claims. In fact, according to current totals known , Ryuk has netted over 705.80 Bitcoins across many different transactions for a total of more than $3 billion.

Ransomware 52

Ransomware Backups Data breaches Encryption 52

eSecurity Planet

JANUARY 11, 2022

Startup Est Headquarters Staff Funding Funding Type Abnormal Security 2018 San Francisco, CA 261 $74.0 Series A Confluera 2018 Palo Alto, CA 33 $29.0 Series A Perimeter 81 2018 Tel Aviv, Israel 159 $65.0 2018 Santa Clara, CA 305 $50.0 Series A Confluera 2018 Palo Alto, CA 33 $29.0 2018 Santa Clara, CA 305 $50.0

Cybersecurity 142

Cybersecurity Threat Detection Artificial Intelligence Risk 142

SC Magazine

MAY 13, 2021

The energy sector experienced a 74% increase in ICS vulnerabilities disclosed during the second half of 2020 compared to second half 2018. Does the company have cyber insurance in place to pay a ransom? Claroty researchers have found that energy companies are one of the most highly impacted by ICS vulnerabilities.

Energy and Utilities 64

Energy and Utilities Ransomware Cyber Insurance Risk 64

Adam Levin

DECEMBER 27, 2019

With what we experienced in 2016 and 2018, is there any doubt there will be a rise in disinformation–homegrown and imported–of all stripe in the upcoming elections? You’re going to have personal cyber insurance. Water finds its level, but it will be rough for a while. . The disinformation blob will grow.

Cybersecurity 100

Cybersecurity CISO IoT Insurance 100