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. And so does Lloyd that sent a memo to the company’s 75 insurance syndicates.

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.

Cyber Insurance 69

Cyber Insurance Insurance Ransomware Cyber Attacks 69

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.

Cyber Insurance 136

Cyber Insurance Insurance Marketing Ransomware 136

Malwarebytes

SEPTEMBER 14, 2022

In fact, there were 50% more attack attempts per week on corporate networks globally in 2021 than in 2020. This article focuses on helping to prevent cyberattacks purely through technology; though of course, businesses need a combination of technology, people, and strategy to truly become cyber resilient. DNS filtering.

Technology 74

Technology DNS Cyber Insurance Insurance 74

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 if so, how much?

Cyber Insurance 98

Cyber Insurance Ransomware Insurance Technology 98

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.

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Cyber Insurance Insurance Cyber Risk Risk 52

SecureWorld News

NOVEMBER 12, 2020

And now we have brand new research coming from the EU which unpacks the top cyber threats as they stand now. What are the top cyber threats right now? The European Union Agency for Cybersecurity (ENISA) just published its Threat Landscape 2020 report. Specific examples of how the cyber threat landscape is shifting.

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Cyber threats Insurance Cyber Insurance Ransomware 130

SC Magazine

FEBRUARY 8, 2021

The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. That’s quite the incentive for insurers to assert themselves in this market. And Bobritsky contends that a reliance on insurers to lead the way may actually degrade cybersecurity. “So A maturing model.

Insurance 126

Insurance Cybersecurity Cyber Insurance Government 126

Security Affairs

FEBRUARY 8, 2024

26 key cyber security stats for 2024 that every user should know, from rising cyber crime rates to the impact of AI technolog y. Cyber Crime Surge: During COVID-19 , cyber crimes shot up by 600%, showing how threats adapt to global changes. Cyber Skills Gap: By 2025, there could be 3.5 million per breach.

Social Engineering 142

Social Engineering Cyber Attacks Cyber Insurance IoT 142

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. Barely a week goes by without reports of a new strain or variant of malware wreaking havoc among companies. We hear about the big ones.

Ransomware 186

Ransomware Insurance Cyber Insurance Manufacturing 186

eSecurity Planet

OCTOBER 18, 2021

“From a technological standpoint this is a fairly old case, so whatever was in place then probably isn’t relevant to what needs to be in place today – but it does tie together the absolute gravity of the situation that we’re in,” Crockett said. .” ” Nicko died nine months later, on April 16, 2020.

Ransomware 104

Ransomware Cyber Insurance Insurance Digital transformation 104

eSecurity Planet

APRIL 26, 2022

Company Sector Year Status Isovalent Cloud security 2020 Private Illumio Cloud security 2015 Private SignalFx Monitoring 2015 Acquired: Splunk CipherCloud Cloud security 2012 Acquired: Lookout Lookout Mobile security 2011 Private. a16z Investments. PagerDuty Operations performance 2014 NYSE: PD Auth0 Identity management 2014 Acquired: Okta.

Cybersecurity 128

Cybersecurity Technology Marketing Healthcare 128

SecureList

NOVEMBER 9, 2022

And IT teams should be prepared to deal with evolving threats posed by emerging technologies which are becoming widespread, such as geo-targeted phishing or attacks related to Cloud Security, IOT and AI. Yet, in addition to cyber insurance, companies will need a designated DR or RR (Rolling Recovery) plan.

Cybersecurity 144

Cybersecurity Cyber Insurance Cybercrime IoT 144

SecureWorld News

SEPTEMBER 14, 2021

2020 saw a record number of cyberattacks—and threats for school, university, and other educational institutes are growing each day. Bad actors are always looking for ways to garner information and they have access to advanced technology. Unfortunately, there is no perfect profile for a cybercriminal.

Cyber Insurance 98

Cyber Insurance Ransomware Insurance Backups 98

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

The Last Watchdog

SEPTEMBER 20, 2019

Related: Free tools that can help protect elections I had a deep discussion about this with Todd Weller, chief strategy officer at Bandura Cyber. Bandura Cyber is a 6-year-old supplier of threat intelligence gateway technologies. We spoke at Black Hat USA 2019. I’ll keep watch.

Ransomware 153

Ransomware Government Firewall Cyber Insurance 153

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. Despite these efforts, losses from BEC scams are expected to continue to rise in 2020. It’s Time to Do Something.

Scams 130

Scams Identity Theft Accountability Phishing 130

eSecurity Planet

JANUARY 11, 2022

This article looks at the top 40 cybersecurity startups to watch in 2022 based on their innovations in new and emerging technologies, length of operation, early funding rounds, scalability, and more. Series A Cado Security 2020 London, UK 26 $11.5 Series B Wiz 2020 Tel Aviv, Israel 186 $230.0 Series B SECURITI.ai SECURITI.ai.

Cybersecurity 142

Cybersecurity Threat Detection Artificial Intelligence Risk 142

Malwarebytes

SEPTEMBER 30, 2022

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. CISA, GSA, and the National Institute of Standards and Technology (NIST) help monitor for issues in the namespace. Partner up!

Government 64

Government Cybersecurity Cyber Insurance Insurance 64

Centraleyes

JUNE 11, 2024

It’s about laying down a blueprint that can adapt and morph in real-time Integrate Technology into Risk Management Processes Integrating cutting-edge technological tools into risk management introduces new levels of efficiency and insight for security teams. Time is of the essence when it comes to patch management.

Risk 52

Risk Cyber Insurance Insurance Authentication 52

eSecurity Planet

FEBRUARY 16, 2021

Just in 2020, the SolarWinds hack could’ve been prevented for organizations that promptly patch software. Once your micro-perimeters surround your most sensitive segments, there’s a need for ongoing monitoring and adaptive technology. Ransomware attacks increased by 130% in 2020 ( Beazley Group ). Zero Trust. Statistics.

Ransomware 97

Ransomware Backups Software Encryption 97

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. This trend is not so good.”.

Insurance 88

Insurance Cyber Insurance Data breaches Media 88

CyberSecurity Insiders

JANUARY 20, 2022

.–( BUSINESS WIRE )–Acrisure, a fast-growing fintech leader that operates a top-10 global insurance broker, announced the formation of Acrisure Cyber Services. 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

Thales Cloud Protection & Licensing

JULY 21, 2022

Over the past decade, once siloed, Operational Technology (OT) systems have become increasingly connected to the internet, as water and energy systems become powered by intelligent IoT sensors and government operations are deep-rooted in data. The Threat of Ransomware.

Cyber threats 71

Cyber threats Energy and Utilities Ransomware IoT 71

eSecurity Planet

AUGUST 9, 2022

are subject to laws such as the Health Insurance Portability and Accountability Act (HIPAA) and the Health Information Technology for Economic and Clinical Health Act (the HITECH Act), as well as regulations such as the Clinical Laboratory Improvements Amendments (CLIA). GDPR-style data privacy laws came to the U.S.

Data privacy 145

Data privacy Encryption Data breaches Insurance 145

Centraleyes

APRIL 9, 2024

surge from 2020. The top five countries and regions for the highest average cost of a cyber security breach in 2023 were as follows: the US ($9.4 million), technology ($4.97 The financial implications of downtime are exacerbated by the organization’s reliance on technology. million globally. This reflects a 2.3%

Data breaches 52

Data breaches Cyber Insurance Insurance Ransomware 52

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

According to a separate study 2 , double extortion, which became popular in the first quarter of 2020, collects confidential business information before encrypting a victim's database. As part of double extortion attacks, tactics often include the threat of DDoS attacks.

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

Pen Test

OCTOBER 10, 2023

Sopra Steria - One of the Largest Reported Ransoms Europe's major IT services firm Sopra Steria was breached in October 2020 by the Ryuk gang, with extensive backups preventing major disruption. Identify cyber insurance policies and ensure they align to business needs regarding ransomware attacks and data leaks.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52

SC Magazine

MAY 13, 2021

Technological obsolescence. As cybercriminals seek opportunities for extortion, our reliance on emerging technology makes our critical infrastructure highly vulnerable based on its enormous attack surface area. Many ICS environments operate with obsolete technology that’s patched infrequently if at all.

Energy and Utilities 64

Energy and Utilities Ransomware Cyber Insurance Risk 64

SC Magazine

JUNE 21, 2021

The Greeley, Colorado JBS meat packing plant, as seen in April 2020 when it was closed due to the coronavirus outbreak. Backups often fail as a solution because of multiple extortion vectors or technological issues. Photo by Matthew Stockman/Getty Images).

Ransomware 118

Ransomware Insurance Government Cyber Insurance 118

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

eSecurity Planet

JUNE 1, 2021

The goal is to exploit trusted technology partners –SolarWinds, by leveraging software updates; USAID, through the email marketing service – to gain access to large numbers of victim organizations and steal data. . ” Further reading: Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs.

Phishing 70

Phishing Mobile Government Cybersecurity 70