Security Boulevard

MARCH 15, 2022

With the cyber threat landscape showing no sign of becoming less risky, many businesses want to transfer some of their risk to cyber insurance providers. In fact, by 2020, 78% of corporate risk managers bought some type of cyber insurance coverage for their company.

Cyber Insurance 110

Cyber Insurance Insurance Cyber threats Risk 110

SC Magazine

JUNE 28, 2021

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. Photo by Spencer Platt/Getty Images). But recent research shows that’s not happening.

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Cyber Insurance Insurance Ransomware Marketing 136

SecureWorld News

MARCH 20, 2024

In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network. For example, the healthcare sector, a prime target for these types of attacks , planned to spend $125 billion to defend against breaches from 2020 to 2025.

Cyber Insurance 112

Cyber Insurance Insurance Ransomware Risk 112

Malwarebytes

JULY 10, 2022

Without cyber insurance , you can expect to pay a dizzying amount of cash. In 2022 alone, the average cost of a data breach for businesses under 1,000 employees was close to $3 million—and these costs are coming from activities that cyber insurers typically cover, such as detecting and responding to the breach.

Cyber Insurance 104

Cyber Insurance Insurance Data breaches Phishing 104

SecureWorld News

MAY 26, 2021

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year. cyber insurance market.

Cyber Insurance 75

Cyber Insurance Insurance Cyber Risk Marketing 75

CyberSecurity Insiders

AUGUST 26, 2022

Lloyd’s London, one of the largest insurance services providers in the world, has disclosed that it is making amendments to its cyber insurance laws that will come into effect from March 2023. All insurance companies exclude the risks inferred from war like situations.

Cyber Insurance 90

Cyber Insurance Insurance Cyber Attacks Risk 90

SC Magazine

MAY 24, 2021

Data from at least one insurance broker tracked a near doubling of clients who were opting in for cyber-specific insurance from 26% in 2016 to 47% in 2020. Lyle said the same rush of companies to shift some of their financial risks around cybersecurity to insurance also likely contributed to those increases.

Cyber Insurance 94

Cyber Insurance Insurance Marketing Cyber Risk 94

SecureWorld News

SEPTEMBER 10, 2020

2020 has been a year of great change and constant adaptation to new circumstances. Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020.

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Cyber Insurance Insurance Ransomware Cyber Attacks 68

SC Magazine

APRIL 23, 2021

Richards argues that this rise has a dramatic impact on a company’s risk profile and one reason why security ratings scores are not always useful. And, because of this, cyber insurance companies using these scores rely on an inaccurate assessment of target-company risk. FBI CreativeCommons CC PDM 1.0. Usually not.

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Cyber Insurance Insurance Risk Cyber Risk 61

SecureWorld News

NOVEMBER 30, 2020

A large provider of IT services in the EU is the latest example that cyber risk is business risk. The Group’s insurance coverage for cyber risks totals €30 million. After including the items mentioned above, for financial year 2020 Sopra Steria expects to see negative organic revenue growth of between 4.5%

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Cyber Insurance Ransomware Insurance Cyber Risk 117

Security Boulevard

JUNE 29, 2022

According to Accenture , more than 68 percent of business leaders feel their cybersecurity risks are increasing. That’s no surprise really, especially when considering that data breaches exposed some 36 billion records in the first half of 2020 alone.

Cyber Insurance 52

Cyber Insurance Insurance Data breaches Risk 52

Webroot

JULY 25, 2022

Following the remote work pivot we saw in 2020, IT security has had to evolve quickly to remain effective, flexible and resilient in today’s dynamic hybrid/remote work environments. Cyber insurance becomes mainstream discussion. The cyber insurance market is expected to reach around $20B by 2025.

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Cyber Insurance Insurance Marketing Ransomware 136

CyberSecurity Insiders

DECEMBER 11, 2021

(NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced it is partnering with leading cyber insurance companies to help businesses manage their risks online. As a result, some insurance companies have had to raise premiums to cover their costs.

Cyber Insurance 52

Cyber Insurance Insurance Cyber Risk Risk 52

SecureWorld News

AUGUST 18, 2020

Here is Carnival Corporation's ransomware and cyber incident statement, in full: On August 15, 2020, Carnival Corporation and Carnival plc (together, the "Company," "we," "us," or "our") detected a ransomware attack that accessed and encrypted a portion of one brand’s information technology systems. And number one is cyber insurance.

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Cyber Insurance Ransomware Insurance Technology 98

SC Magazine

FEBRUARY 8, 2021

The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. Citing cybersecurity insurance as an important “component that businesses are investing in as a layer of protection,” Muldoon said no business should be operating without it. A maturing model. billion in premium.

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Insurance Cybersecurity Cyber Insurance Government 126

Adam Levin

JUNE 30, 2020

We’re not even halfway through 2020, and already it’s been a record-breaking year for ransomware attacks. No industry, category, size, or group is safe from this cyber scourge. And if it is, only you can take steps to get cyber right. Know the risks, get help if you need it, get insured, and take it seriously.

Ransomware 186

Ransomware Insurance Cyber Insurance Manufacturing 186

CyberSecurity Insiders

MAY 26, 2021

The objective is to reassess the coverage provided by the Federal Cyber Terrorism Risk Insurance Program( TRIP) in the event of cyber-terrorist activities on the IT infrastructure hosted by public and private properties.

Insurance 78

Insurance Risk Cyber Insurance Cyber Attacks 78

SecureWorld News

AUGUST 21, 2020

We know the attack started on July 19, 2020, after hackers accessed a sliver of the University's network: ". Starting in 2020, new strains of ransomware rapidly emerged that exfiltrates (or steals) data, then encyrpts the data on the victim's servers. And number one is cyber insurance. Hackers had to change their tactics.

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Ransomware Cyber Insurance Insurance Backups 98

Security Affairs

FEBRUARY 8, 2024

Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Cyber Skills Gap: By 2025, there could be 3.5 million unfilled cyber security jobs, showing a big need for skilled professionals. Soaring Cyber Crime Costs: Cyber crime costs are expected to hit $10.5

Social Engineering 141

Social Engineering Cyber Attacks Cyber Insurance IoT 141

Centraleyes

JUNE 11, 2024

Understanding the Foundation of Risk Mitigation Implementing robust risk mitigation strategies is essential to navigating the complexities of risk-related compliance activities. But before discussing risk mitigation techniques , we must discuss the necessary prep work.

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Risk Cyber Insurance Insurance Authentication 52

SecureWorld News

SEPTEMBER 23, 2021

His unique insights around cybersecurity-related topics shine a light on ransomware risk for organizations, government agencies, and the public. It starts with having a robust strategic plan that focuses on risk management. Testing is also an important part of risk management, and this is integral to successful risk management plans.

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Ransomware Cyber Insurance Insurance Government 94

SC Magazine

JULY 14, 2021

A new Cybereason survey found that more than four out of five respondents from various business sectors – some 81% – said they are “highly” or “very concerned” about the risk of ransomware attacks. in 2020 alone. The FBI reported an increase of more than 225% in total losses from ransomware in the U.S.

Ransomware 98

Ransomware Cyber Insurance Financial Services Retail 98

SecureList

NOVEMBER 9, 2022

The ongoing geopolitical storm brings not only classical cyberthreats for business, but also unpredictable risks and ‘black swans’ The main problem for 2023 will be supply-chain stability and cybersecurity. Yet, in addition to cyber insurance, companies will need a designated DR or RR (Rolling Recovery) plan.

Cybersecurity 145

Cybersecurity Cyber Insurance Cybercrime IoT 145

Malwarebytes

SEPTEMBER 14, 2022

In fact, there were 50% more attack attempts per week on corporate networks globally in 2021 than in 2020. Your level of prevention is determined by how much risk you accept to take on. At a medium level of risk, you want to find that perfect balance between too strict and too permissive. Bonus: Cyber insurance.

Technology 80

Technology DNS Cyber Insurance Insurance 80

Security Boulevard

JUNE 8, 2021

This is all about understanding how we control an environment that is now a bigger risk because our network has increased from perhaps one or two locations to potentially hundreds.” CTO, Cyber Tec Security. Human error is still the number one cause of cyber attack and home working could make this even more prominent.

Cyber Insurance 105

Cyber Insurance Cyber Attacks Cyber threats Insurance 105

The Last Watchdog

SEPTEMBER 20, 2019

Eventually, governments will address the risk by beefing up security and purchasing cyber insurance, which go hand in glove. The fact that the losses municipalities are sustaining is quantifiable, makes this a definable problem that can be addressed by traditional risk mitigation approaches. I’ll keep watch.

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Ransomware Government Firewall Cyber Insurance 153

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. AllegisCyber Investments.

Cybersecurity 130

Cybersecurity Technology Marketing Healthcare 130

CyberSecurity Insiders

APRIL 19, 2021

Report stats showed that the overall proportion of businesses that were targeted by cyber criminals in the past increased to 43% in 2020 from meager 16% in 2019. Gareth Wharton, the CEO of Hiscox, said that cyber attacks are turning complex. But that does not mean that they are difficult to manage.

Cyber Attacks 69

Cyber Attacks Cyber Insurance Insurance Cyber threats 69

eSecurity Planet

JANUARY 11, 2022

Series A Cado Security 2020 London, UK 26 $11.5 Series B Wiz 2020 Tel Aviv, Israel 186 $230.0 Boasting itself as the world’s first Code Risk Platform, Apiiro Security offers risk visibility across design, code, and cloud segments. Series A Lightspin 2020 Tel Aviv, Israel 43 $20.0 Series B SECURITI.ai

Cybersecurity 142

Cybersecurity Threat Detection Artificial Intelligence Risk 142

Security Boulevard

JUNE 15, 2021

Ransomware attacks have continued to make headlines, and for good reason: on average, there is a new ransomware attack every 11 seconds, and the losses to organizations from ransomware attacks is projected to reach $20 billion over the course of 2021 following a record increase in losses of more than 225% in 2020.

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Ransomware Cyber Insurance Insurance Antivirus 97

Malwarebytes

SEPTEMBER 30, 2022

And a key part of building out any cybersecurity policy for your local government is to develop an organizational understanding of risk to systems, people, data, and so on. Take cyber insurance , for example. A 2020 survey of 165 municipalities found 50.9% Related : Cyber threat hunting for SMBs: How MDR can help.

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Government Cybersecurity Cyber Insurance Insurance 69

eSecurity Planet

FEBRUARY 16, 2021

Below we outline 18 industry tips for actions you can take to reduce your risk of a ransomware attack: Action. Just in 2020, the SolarWinds hack could’ve been prevented for organizations that promptly patch software. While virtual backups are great, if you’re not storing data backups offline, you’re at risk of losing that data.

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Ransomware Backups Software Encryption 97

SecureWorld News

DECEMBER 2, 2020

We carry insurance, including cyber insurance, which we believe to be commensurate with our size and the nature of our operations. Which of the ransomware gangs or groups hit K12 Inc and its network in this cyber attack? In fact, Ransomware became the number one type of cyber attack claim insurers dealt with in 2020.

Insurance 60

Insurance Cyber Insurance Ransomware Backups 60

CyberSecurity Insiders

JANUARY 20, 2022

It joins Insurance, Reinsurance, Real Estate Services and Asset Management as divisions powered by Acrisure’s technology capabilities and global distribution network. Businesses in every industry face complex cyber risk, particularly the millions of small and midsize companies comprising much of Acrisure’s client base.

Insurance 59

Insurance Cyber Risk Small Business Financial Services 59

eSecurity Planet

AUGUST 9, 2022

See the Top Governance, Risk and Compliance (GRC) Tools. Compliance Comes Down to Risk Management. Consequently, these are all elements of risk management. Further reading : Top Data Loss Prevention (DLP) Solutions Best Encryption Software Top 8 Cyber Insurance Companies Best Incident Response Tools and Software.

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Data privacy Encryption Data breaches Insurance 145

Troy Hunt

MARCH 2, 2020

These were companies spanning all sorts of different industries; big tech, general infosec, antivirus, hosting, finance, e-commerce, cyber insurance - I could go on. pic.twitter.com/243oK9N5Yp — Troy Hunt (@troyhunt) February 27, 2020. The point is the net was cast very wide.

Data breaches 354

Data breaches Marketing Cyber Insurance InfoSec 354

SC Magazine

JULY 2, 2021

A September 2020 CynergisTek report found just 76% of health care providers conform with the HIPAA Security Rule, a statistic that has remained static for several years. In the case of Alina Lodge , the treatment center notified patients of a 2020 incident caused by a ransomware attack targeting its vendor.

Insurance 88

Insurance Cyber Insurance Data breaches Media 88