Security Affairs

MAY 1, 2020

The hackers claim to have compromised the Banco BCR’s network in August 2019, and had the opportunity to exfiltrate its information before encrypting the files. Maze Ransomware ransomware operators recently disclose other attacks against different organizations, including IT services giant Cognizant , and cyber insurer Chubb.

Ransomware 145

Ransomware Banking Cyber Insurance Advertising 145

Malwarebytes

JULY 5, 2021

Researchers explore the insecure world of the subdomain (Source: Can i take your subdomain) Cyber insurance model is broken, consider banning ransomware payments (Source: The Register) How facial recognition solutions can safeguard the hybrid workplace (Source: Help Net Security) Capital One hacker faces fresh charges for 2019 hacking spree (Source: (..)

Cyber Insurance 106

Cyber Insurance Social Engineering Scams Insurance 106

Security Affairs

DECEMBER 28, 2022

With the increase in the number of cyber attacks, a growing number of organizations opted to transfer the cyber risk by underwriting cyber insurance. The increase in cyber losses in recent years pushed up prices, some insurance companies also changed their policies to limit their refunds in case of cyber incidents.

Cyber Attacks 98

Cyber Attacks Cyber Insurance Insurance Cyber Risk 98

SC Magazine

FEBRUARY 8, 2021

But when it comes to cybersecurity coverage, the relationship between enterprises and insurers has been rocky and uncertain. With mitigation of some breaches costing well into the six figures – cyber losses topped $1.8 billion in 2019, according to Hiscox – companies crave coverage. A maturing model. billion in premium.

Insurance 126

Insurance Cybersecurity Cyber Insurance Government 126

CyberSecurity Insiders

JANUARY 26, 2022

The pharmaceutical company thought that its cyber insurance will cover the incurred losses and so tried its best to recover from the consequences by diverting its annual budgetary funds for the damaged IT infrastructure. billion insurance cover battle with ACE American under the rigorous rendition of Acts of War Clause.

Ransomware 112

Ransomware Insurance Cyber Insurance Hacking 112

Adam Levin

MARCH 16, 2020

The Federal Bureau of Investigation’s 2019 annual Internet Crime Report included 467,361 complaints about suspected internet crime with losses of $3.5 billion, or roughly half, of the total losses in 2019 were attributed to generic email account compromise (EAC) complaints. billion in BEC scam-related losses the year before.

Scams 130

Scams Identity Theft Accountability Phishing 130

SecureWorld News

NOVEMBER 12, 2020

Fileless malware attacks increased by 265% during the first half of 2019. In some of the 2019 incidents , the ransom or the costs of recovery was covered by such contracts. Researchers also found that file-less ransomware skyrocketed and that trend makes sense. Trends in ransomware attacks.

Cyber threats 130

Cyber threats Insurance Cyber Insurance Ransomware 130

CyberSecurity Insiders

APRIL 19, 2021

Researchers who conducted the survey concluded after gauging six key cyber security areas related to people, technology and processes. Firms that qualified for the Hiscox Cyber Readiness model admitted that they suffered fewer ransomware attacks in 2019 when compares to the previous year.

Cyber Attacks 69

Cyber Attacks Cyber Insurance Insurance Cyber threats 69

CyberSecurity Insiders

JANUARY 4, 2023

From the year 2019, the robot’s capabilities were being improved and the hard work of the developers behind the tech is said to pay soon. But unconfirmed sources claim the case will be related to a tech company appealing against a cyber insurance firm.

Artificial Intelligence 93

Artificial Intelligence Cyber Insurance Insurance Cybersecurity 93

Malwarebytes

NOVEMBER 1, 2021

To better understand the nuts and bolts of a ransomware attack, we spoke to Ski Kacaroski, a systems administrator who, in 2019, helped pulled his school district out of a ransomware nightmare that encrypted crucial data, locked up vital systems, and even threatened employee pay. That’s just one week in late 2019.

Ransomware 129

Ransomware Backups System Administration Cyber Insurance 129

Webroot

SEPTEMBER 7, 2023

This is all happening while companies are spending trillions digitizing their business operations and trying to obtain secure cyber insurance while keeping up with regulatory changes in GDPR, HIPAA, and Sarbanes-Oxley. The best way to weather these challenges is to become a cyber resilient business.

Encryption 122

Encryption Cyber Insurance Cybercrime Phishing 122

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. OFAC designated the Lazarus Group and two subgroups, Bluenoroff and Andariel, in September 2019.".

Government 82

Government Ransomware Cyber Insurance Cybercrime 82

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 March 2019, computers of Jackson County, Georgia, were infected with ransomware that paralyzed the government activity until officials decided to pay a $400,000 ransom to decrypt the files.

Ransomware 102

Ransomware Insurance Cyber Insurance Advertising 102

Cytelligence

JANUARY 14, 2020

While we saw the threat landscape change in 2019 with even more sophisticated attacks, we predict 2020 to be even more extreme. More targeted ransomware – 2019 saw ransomware exploits getting highly targeted against specific businesses, as well as local government.

Cybersecurity 65

Cybersecurity Cyber Insurance Insurance Ransomware 65

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

Troy Hunt

MARCH 2, 2020

So that's the tl;dr, let me now share as much as I can about what's been happening since April 2019 and how the service will operate in the future. These were companies spanning all sorts of different industries; big tech, general infosec, antivirus, hosting, finance, e-commerce, cyber insurance - I could go on.

Data breaches 354

Data breaches Marketing Cyber Insurance InfoSec 354

SC Magazine

APRIL 5, 2021

Its effectiveness is recognized by regional privacy regulations, including the EU’s General Data Protection Regulation; industry requirements, like PCI for credit card processing; and even in cyber insurance policies. Law enforcement agencies in the United States have made the same argument that Patel has made.

Encryption 96

Encryption Cyber Insurance Insurance Risk 96

Duo's Security Blog

OCTOBER 18, 2021

Cyber insurance providers seem to have also noticed this from their ransomware incident response engagements for insurance claims, and in response they’re starting to require that their customers use MFA. MFA is core to implementing a zero trust stance to protect your campus.

Insurance 97

Insurance Education Risk Cyber Insurance 97

The Last Watchdog

APRIL 18, 2019

Imposing just the right touch of policies and procedures towards mitigating cyber risks is a core challenge facing any company caught up in digital transformation. Related: Data breaches fuel fledgling cyber insurance market. Enterprises, especially, tend to be methodical and plodding.

Digital transformation 113

Digital transformation Cyber Risk Risk Penetration Testing 113

BH Consulting

JUNE 22, 2021

In 2019, the US food company Mondelez sued its insurance provider Allianz for refusing to pay a $100 million claim for ransomware damages. What’s more, cybersecurity insurance may not necessarily cover all breach-related costs. Norsk Hydro suffered one of the world’s biggest ransomware infections in 2019.

Insurance 83

Insurance Cybersecurity Cyber Insurance Cyber Risk 83

The Last Watchdog

SEPTEMBER 20, 2019

However, at this moment in history, two particularly worrisome types of cyber attacks are cycling up and hitting local government entities hard: ransomware sieges and election tampering. Related: Free tools that can help protect elections I had a deep discussion about this with Todd Weller, chief strategy officer at Bandura Cyber.

Ransomware 153

Ransomware Government Firewall Cyber Insurance 153

Cytelligence

JANUARY 27, 2020

Damages from ransomware in 2019 rose to over $11.5 Ransomware in 2019 . The number of ransomware attacks increased in 2019 — but worse, 22 of those cyberattacks shut down a city, county and even state government computer systems. with several attacks in 2019. What strategies do cybercriminals use?

Ransomware 53

Ransomware Cyber Insurance Insurance Encryption 53

eSecurity Planet

MARCH 28, 2023

Microsoft Azure Microsoft Hyper-V 2016/2019 R2/2019 VMware ESXi up to 7.0 Ubuntu 18.04, and Ubuntu 20.04 Clusters of physical and virtual appliances can be deployed to expand reach or improve resilience through redundancy.

Wireless 117

Wireless Authentication IoT VPN 117

SC Magazine

JULY 13, 2021

Credential harvesting attempts account for 54% of all phishing attacks, an increase of nearly 15% when compared with data from 2019. Lastly, the report warns entities not to rely on cyber insurance as the rates have skyrocketed in response to the rise in ransomware attacks. Another 20.7% were attributed to extortion.

Data breaches 113

Data breaches Insurance Healthcare Education 113

Malwarebytes

NOVEMBER 15, 2023

RagnarLocker started in 2019 and was responsible for numerous high-profile attacks against municipalities and critical infrastructure across the world. At the time of the takedown action, the group had posted a total of 42 victims on their leak site.

Ransomware 111

Ransomware Education Backups Cyber Insurance 111

eSecurity Planet

OCTOBER 18, 2022

First, call the cyber insurance company that issued the organization’s cybersecurity policy. Most insurance companies require specific incident response vendors, procedures, and reporting that must be met to meet the standards to be insured. The First Calls After an Attack.

Ransomware 145

Ransomware Encryption Insurance Backups 145

eSecurity Planet

FEBRUARY 16, 2021

In 2019, Danish company Demant paid $85 million after losing access to 22,000 computers in 40 countries. In 2019, the municipal government of New Orleans was forced to declare a state of emergency and paid over $7 million. Ransomware is particularly threatening to MSPs as any downtime often leads to a loss in clients ( NinjaRMM ).

Ransomware 97

Ransomware Backups Software Encryption 97

Cytelligence

FEBRUARY 4, 2020

The acquisition will help Aon expand its current coverages within the cyber market at a time when cyber claims are almost doubling year-over-year. Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025. said J Hogg, CEO of Aon Cyber Solutions.

Penetration Testing 45

Penetration Testing Insurance Data preservation Risk 45

Security Boulevard

JUNE 23, 2022

The World Economic Forum’s Global Risks Report has consistently ranked cyber attacks among the top seven risks facing the planet in terms of likelihood and impact, while high-profile CEOs including Warren Buffett of Berkshire Hathaway and Jamie Dimon of JPMorgan Chase see them as the number-one threat to business.

Insurance 52

Insurance Cyber Risk CISO Cyber Insurance 52

SecureWorld News

APRIL 1, 2021

Furthermore, when an organisation has a cyber insurance policy, it might be able to claim the ransom back, which may encourage payment. That is an incredibly difficult situation to be put in, and one that is contributing to the problem.

Ransomware 57

Ransomware Cyber Insurance Social Engineering Cybercrime 57

BH Consulting

JUNE 13, 2023

The story also tracks a big increase in investment frauds, romance frauds and online auction scams since 2019. MORE UK NCSC calls on the cyber insurance market to become more sophisticated. MORE As DDoS attacks ise, IEEE Spectrum covers the early years of the Mirai botnet.

Social Engineering 52

Social Engineering Data breaches Scams Ransomware 52

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

Spinone

OCTOBER 13, 2020

In 2019, Trend Micro found a 77% surge in ransomware attacks during the first half of 2019 from the previous year. In IBM’s Cost of a Data Breach Report 2019 cited the following: Lost business is the biggest contributor to data breach costs The average cost of lost business in 2019 was $1.42

Ransomware 52

Ransomware Backups Data breaches Encryption 52

eSecurity Planet

JANUARY 11, 2022

Series B Apiiro Security 2019 Tel Aviv, Israel 65 $35.0 Series A BluBracket 2019 Palo Alto, CA 27 $18.5 Series A Cycode 2019 Tel Aviv, Israel 56 $81.0 Series B Open Raven 2019 Los Angeles, CA 45 $19.1 Startup Est Headquarters Staff Funding Funding Type Anvilogic 2019 Palo Alto, CA 34 $14.4 Series B SECURITI.ai

Cybersecurity 142

Cybersecurity Threat Detection Artificial Intelligence Risk 142

eSecurity Planet

OCTOBER 18, 2021

The legal complaint [PDF] notes that on July 9, 2019, the day it was hit by a ransomware attack, Springhill Memorial Hospital contended that the event had “not affected patient care.” ” Cyber Insurance No Longer Reliable. Also read: Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs.

Ransomware 105

Ransomware Cyber Insurance Insurance Digital transformation 105

SC Magazine

MARCH 29, 2021

Bugcrowd, which offers a platform allowing companies to connect their applications to a community of thousands of security researchers who root out for bugs and vulnerabilities, reported a 50 percent increase in total bug bounty submissions in 2020 compared to 2019.

Software 120

Software Hacking Government Cyber Insurance 120

Adam Levin

MARCH 26, 2020

Cyber insurance is still evolving, and as such you can still get good deals even if your cybersecurity is not completely up to snuff. At some point that will be a question that cyber insurers will think about 24/7, solutions evolving alongside challenges and underwriting calculations following close behind.

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Cyber Insurance Insurance Hacking Passwords 211