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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Security Boulevard

JUNE 1, 2022

cyber insurance carriers in 2021 rose 92% year-over-year, largely in response to a surge in ransomware. Cyber risk insurers are also declining coverage to companies with substandard cybersecurity controls, as well as changing the fine print for sublimits to reduce coverage for types of losses one by one.

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SecureWorld News

OCTOBER 20, 2021

But how should we communicate this risk to the business, to clients, or to investors? This includes the 2021 annual report at Accenture. Accenture annual report: risks we face from cyberattacks. However, we were most interested in seeing how Accenture articulated a particular business risk: the risk from a cyberattack.

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SC Magazine

MAY 19, 2021

Click here for more coverage of the 2021 RSA Conference. Because of their scale and the speed at which the worm-like ransomware spread, some companies received individual insurance payouts of $300 million or more. .” The post How the ransomware explosion is reshaping the cyber insurance market appeared first on SC Media.

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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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SC Magazine

JULY 13, 2021

million patients have been impacted by a health care data breach so far in 2021, a whopping 185% increase from the same time period last year where just 7.9 Further, the number of breaches reported to the Department of Health and Human Services during the first six months of 2021 increased by 27% year-over-year. More than 22.8

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Security Affairs

DECEMBER 28, 2022

Cyber attacks targeting critical infrastructures, such as hospitals, pipelines, and electric grids, could block their operations and cause extensive damage. On May 2021, Ireland’s Health Service Executive service shut down its IT systems after they were hit with a “significant ransomware attack.”.

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CyberSecurity Insiders

JANUARY 24, 2022

CINCINNATI–( BUSINESS WIRE )–Great American Insurance Group recently launched EagleEye? According to Betty Shepherd, Divisional Senior Vice President, Great American Cyber Risk, EagleEye is a valuable loss prevention tool for insureds. AFG), also based in Cincinnati, Ohio.

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Security Boulevard

NOVEMBER 24, 2023

At maximum, they want a 70% loss ratio to cover their payouts and expenses and, according to the National Association of Insurance Commissioners Report on the Cyber Insurance Market in 2021, nearly half of the top 20 insurers, representing 83% of the market, failed to achieve the desired loss ratio.

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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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Duo's Security Blog

DECEMBER 7, 2022

The state of cyber liability insurance The topic of cyber liability insurance is full of datapoints, statistics and graphs all showing upward trajectories. In the long run, a solid cyber security practice could also bring premiums down, ensuring a ‘belt and braces’ approach for the company.

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Security Boulevard

FEBRUARY 8, 2023

Click here to watch the roundtable and learn about the future of cyber insurance from leading experts. In partnership with Cysurance, BlastWave hosted a roundtable entitled “The Future of Cyber Insurance and MSP Insurability. of Morris Risk Management, John Franzino of Grid Security Inc.,

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Cyber Insurance Insurance Marketing Risk 52

Duo's Security Blog

OCTOBER 18, 2021

#BeCyberSmart,” with this post we’ll dig deeper on cyber liability insurance, MFA, and other cybersecurity trends impacting MFA usage in higher education to help campuses manage this aspect of cyber risk for their communities. MFA is core to implementing a zero trust stance to protect your campus.

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SecureWorld News

MAY 16, 2023

The cities of Middleton, Danvers, Wenham, Manchester-by-the-Sea, Essex, Hamilton, and Topsfield formed the North Shore IT Collaborative in 2021 with the goal of their collective power being stronger than what they can manage alone. He will join a panel at SecureWorld Dallas on October 26 on the topic, "Cover Your Cyber Assets."

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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. Luckily for cybersecurity startups, there’s no shortage of interest in tomorrow’s next big security vendors. AllegisCyber Investments. Andreessen Horowitz (a16z).

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eSecurity Planet

JANUARY 11, 2022

Investors recognize the potential too, as funding for cybersecurity ventures more than doubled from previous years to almost $22 billion in 2021. Apiiro can connect across hybrid infrastructure through a read-only API and promises real-time inventory and actionable remediation for risks in addressing DevSecOps. BluBracket. Series B.

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Duo's Security Blog

JUNE 9, 2022

So, on a recent webinar , I sat down with Darren Thomson, Head of Cyber Intelligence Services at CyberCube , a firm that provides data-driven cyber risk analytics for the insurance industry. As well as talking to CISOs, I also believe it is crucial to get perspectives from all sides. Here are my key takeaways.

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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.

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Pen Test

OCTOBER 10, 2023

JBS - $11 Million Ransom Paid JBS, the world's largest meat processing company, was forced to shut down plants in the US, Canada, and Australia in May 2021 after an attack that threatened to release data related to its facilities, clients, finances, and more. Businesses will need to demonstrate cyber risk management to get the best premiums.

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Cisco Security

MARCH 22, 2022

To help you as you shore up your cyber defenses, Bruce Brody originally posted this blog – “Left of Boom” Cybersecurity: Proactive Cybersecurity in a Time of Increasing Threats and Attacks on October 18, 2021. Left of Boom refers to actions you can take to protect your organization before a cyber incident.

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Krebs on Security

MARCH 4, 2022

8, 2021 shows Reshaev ordering Pin to quietly check on the activity of the Conti network administrators once a week — to ensure they’re not doing anything to undermine the integrity or security of the group’s operation. 12, 2021, in regards to their ransomware negotiations with LeMans Corp.,

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