Security Affairs

DECEMBER 28, 2022

The chief executive of insurance giant Zurich warns that cyber attacks, rather than natural catastrophes, will become uninsurable. Mario Greco, chief executive of insurer giant Zurich, has warned that cyber attacks will become soon “uninsurable.”. These people can severely disrupt our lives.” Pierluigi Paganini.

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The Security Ledger

MAY 4, 2021

In this episode of the podcast (#213): Molly Jahn of DARPA and University of Wisconsin joins us to talk about the growing cyber risk to the Food and Agriculture sector, as industry consolidation and precision agriculture combine to increase the chances of cyber disruption of food production. Read the whole entry. »

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Security Boulevard

DECEMBER 27, 2021

Let’s take a Cyber Drink to 2021 Cybersecurity professionals have been put in the spotlight this year. Read article > The post A Toast to the Cybersecurity Incidents of 2021 appeared first on Axio. Read article > The post A Toast to the Cybersecurity Incidents of 2021 appeared first on Axio. It’s now a business.

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The Security Ledger

MAY 25, 2022

about his firm’s discovery of a string of critical security flaws in an autonomous medical robot, TUG, that is already deployed in hundreds of clinical settings and the growing issue of medical device insecurity and cyber risks to healthcare. Robots Driving Cyber Risk. Read the whole entry. »

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Security Boulevard

JANUARY 10, 2022

With a near incessant flow of high-profile cyber-attacks, 2021 was a significantly active year for cybercriminals. Read article > The post Axio’s Cybersecurity Hall of Fame Awards: 2021 appeared first on Axio. Read article > The post Axio’s Cybersecurity Hall of Fame Awards: 2021 appeared first on Axio.

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SecureWorld News

NOVEMBER 29, 2023

Margaret's Health, a hospital located in Spring Valley, Illinois, announced its closure due to a cyberattack that occurred in 2021. Hospital administrators are quick to point out that, to date, there have been no known cases in which a ransomware attack on a healthcare facility has been proven to lead to a patient's death. In June, St.

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Security Boulevard

JUNE 2, 2022

In the US, 2021 was a record year for reported data breaches , while in the UK, a recent government report revealed that two-fifths of businesses had suffered a cyber-attack over the previous 12 months. The post The Top Five Sources of Data Breaches and How to Reduce Their Impact appeared first on Security Boulevard.

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IT Security Guru

FEBRUARY 28, 2023

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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eSecurity Planet

MAY 3, 2022

The Attack Surface Management team at Group-IB said it constantly scans the IPv4 landscape for exposed databases, potentially unwanted programs, and other risks. From Q1 2021 to Q1 2022, the team discovered 399,200 exposed databases due to those efforts. According to the Attack Surface Management team, an average of 170.2

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CyberSecurity Insiders

MARCH 15, 2021

Tenable’s Security Response Team says that in the past 2 months over 56 breaches were disclosed by the end of Feb’2021. percent of attacks. During the crisis of Corona Virus pandemic, such cyber attacks on healthcare units might cause an unnecessary strain on the infrastructure of global healthcare. “As

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The Last Watchdog

JANUARY 4, 2022

That said, APIs are certain to get a lot more attention by security teams — and board members concerned about cyber risk mitigation — in 2022. This is so because a confluence of developments in 2021 has put API security in the spotlight, where it needs to be.

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The Last Watchdog

MAY 12, 2021

True enough, cyber attacks are steadily becoming more sophisticated across the board and the attack surface continues to expand as digital transformation accelerates. At the same time, more organizations are taking cyber risk mitigation as seriously as they should. Schiappa. “We Incremental gains are being made.

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IT Security Guru

JUNE 28, 2022

Recent research from Hiscox even found that a fifth of businesses across the US and Europe faced insolvency as a direct result of a cyber attack. Unfortunately, transferring traditional insurance models to the cyber-sphere isn’t an easy task. As of 2020, only 13% of SMEs had purchased cyber insurance.

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Security Affairs

JANUARY 19, 2022

“This CISA Insights is intended to ensure that senior leaders at every organization in the United States are aware of critical cyber risks and take urgent, near-term steps to reduce the likelihood and impact of a potentially damaging compromise. THREAD: Latest on #WhisperGate wiper attacks. ” reported Kitsoft.

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BH Consulting

JANUARY 11, 2022

From ransomware and scams to security frameworks and employee privacy, our 2021 ‘greatest hits’ show how broad the areas of cybersecurity and data protection can be. We begin with a look at a contentious topic: cyber risk insurance. However, John warned against thinking a cyber risk policy by itself is sufficient protection.

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Security Boulevard

APRIL 28, 2022

That’s why Onapsis and SAP have been partnering together to empower executives to mitigate what we believe is one of the most critical types of cyber risk facing organizations. April 2021: Onapsis and SAP Partner to Release New Threat Intelligence on Active Threats. entities on or around holiday weekends.

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Cyber Risk Risk Cyber Attacks Internet 96

Thales Cloud Protection & Licensing

OCTOBER 4, 2021

Tue, 10/05/2021 - 06:55. Cyber incidents pose a threat to the stability of the global financial system. The digital transformation initiatives have shifted the technology landscape and introduced new threats and risks. 9 Considerations For Hong Kong Banks To Address The STDB Guidelines. Characteristics of an STDB.

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Security Affairs

APRIL 5, 2023

For some, a cyber criminal matches some of the Hollywood tropes: a person sitting alone in a dimly lit room, furiously mashing on a keyboard to steal information from a person or company. To address this gap, the JCDC is planning proactive measures for future cyber risks.

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CyberSecurity Insiders

JUNE 25, 2022

As the threat of cyber-attacks continues to increase exponentially, a debate has erupted over the years, leaving organizations to choose between two sides. But now we’ve reached a whole new level of cyber-attacks. Thanks to the exponential rise in attacks, cyber investment has skyrocketed. Real time data.

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CyberSecurity Insiders

APRIL 27, 2022

Corporate networks suffered 50% more cyber attack attempts per week in 2021 compared to the previous year, and the number of reported data breaches increased 68% year over year. It can be challenging to prevent a cyber attack if there isn’t someone, or rather a team, inside the company making it their primary, everyday focus.

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Cyber Attacks Technology Encryption Risk 99

Security Affairs

JUNE 23, 2021

The European Union Agency for Cybersecurity welcomes the European Commission proposal to launch the new Joint Cyber Unit. The European Commission proposed on Wednesday the creation of a new Joint Cyber Unit that aims at providing a coordinated response to large-scale cyber attacks and crises.

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Security Affairs

JUNE 11, 2023

Experts found new MOVEit Transfer SQL Injection flaws The University of Manchester suffered a cyber attack and suspects a data breach Russians charged with hacking Mt.

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CyberSecurity Insiders

DECEMBER 7, 2021

Also, that threat actors, especially state-sponsored, and criminal enterprises would take advantage of the expanding cyber-attack surface by using their resources to employ more sophisticated means for discovering target vulnerabilities, automating phishing, and finding new deceptive paths for infiltrating malware. forbes.com).

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CyberSecurity Insiders

DECEMBER 6, 2021

Like years past, 2021 revealed more of the same for the cybersecurity industry—more breaches, bigger ransomware attacks, higher stakes. These attacks received global attention and spotlighted the need for even more attention on cybersecurity best practices. Make everyone responsible for cybersecurity. Be ready for ransomware.

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SC Magazine

MAY 24, 2021

Overall, insurance companies seem to be responding to increased demand from clients for cyber-specific insurance, and one survey found that the two things most likely to spur a purchase of cyber insurance are when a business experiences a cyber attack and when they hear about other companies being hit by a cyber attack.

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SecureWorld News

AUGUST 25, 2021

Cameron gave her perspective on cyber risk at the Royal United Services Institute (RUSI) think tank's annual security lecture earlier this year: "What I find most worrying isn't the activity of state actors. Nor is it an improbable cyber Armageddon. Cyber insurance fueling ransomware?

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Herjavec Group

DECEMBER 15, 2021

Needless to say, in 2021 cybersecurity was front and center for individuals, enterprises, and governments alike. While this was a big task to take on, I have to admit – I’m leaving 2021 behind feeling encouraged and hopeful for cybersecurity in the New Year. The Rise of Ransomware.

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Cybersecurity Digital transformation Ransomware Cyber Risk 52

CyberSecurity Insiders

OCTOBER 23, 2021

The report provides an inside look at the insights and tools used by risk managers, IT departments, security researchers, and solution providers to hone their offerings and approaches to keeping organizations safe from evolving cyber threats. “By

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Jane Frankland

APRIL 28, 2022

It’s a roller coaster of a time to lead, as CIOs, CISOs and CTOs are having to deal with more users, data, devices, technologies, connectivity, mobility, regulations, risks, and threats than they care to. Cyber risks top worldwide business concerns in 2022. But it’s not the only attack vector that’s popular.

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Security Boulevard

MAY 18, 2022

Earlier this month marked the one-year anniversary of the largest cyber-attack on US critical infrastructure. In May 2021, DarkSide cyber actors successfully targeted Colonial Pipeline with a ransomware attack that shut down parts of its 5,500 miles of gas delivery between the gulf coast and the Nation’s East coast.

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SecureWorld News

APRIL 25, 2024

"Heavily armored and weaponized nation-state threats are difficult to stop compared to lesser threats of opportunistic eCrime or more immature threats," says Ken Dunham, Cyber Threat Director at Qualys Threat Research Unit. "A LIG Nex1 Co. , and Hyundai Rotem Co.

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Security Boulevard

NOVEMBER 24, 2023

Cyber attackers escalate and adapt quickly, which undermines the historical-based models that insurance companies rely on. Attackers are continually shifting their maneuvers that identify victims, cause increasing loss, and rapidly shift to new areas of impact. In Q4 2021 the renewals for premiums were up a staggering 34%.

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Insurance Risk Cyber Insurance Cybersecurity 72

eSecurity Planet

APRIL 26, 2022

billion in 2021, and growing concerns over data security , software supply chains , and ransomware suggest the market will remain strong through economic ups and downs. Named after the infamous string of nation-state cyber attacks during the late 2000s, NightDragon was established in 2016 by former McAfee CEO Dave DeWalt.

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IT Security Guru

JUNE 17, 2024

Reputational Damage Public perception of an organisation can be severely tarnished by a ransomware attack, especially if customer data is compromised or service disruptions affect stakeholders. Restoring a reputation after such an incident takes time and resources. Some businesses never fully recover.

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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 and the results are in.

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CyberSecurity Insiders

APRIL 1, 2021

The attempted attack on the Oldsmar, Florida water treatment plant in early February 2021 demonstrated the potentially dangerous and life-threatening consequences of compromised critical infrastructure. Therefore, it is vital to be proactive rather than reactive to reduce these cyber-risks.

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Security Affairs

APRIL 22, 2022

The events of the past two years have made this shift clear: from ransomware attacks to the challenges of managing distributed workforces, digital risk is different. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance.

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