The Last Watchdog

JUNE 2, 2022

Big banks and insurance companies instilled the practice of requesting their third-party vendors to fill out increasingly bloated questionnaires, called bespoke assessments, which they then used as their sole basis for assessing third-party risk. TPRM will be in the spotlight at the RSA Conference 2022 next week in San Francisco.

Cyber Risk 266

Cyber Risk Risk Digital transformation Insurance 266

Security Affairs

NOVEMBER 14, 2022

The size of the cyber risk to companies cannot be underestimated. To indicate the size of the cyber risk to companies, there is, on average, a cyber-attack every 39 seconds, which does not mean that every attack is successful, but that there is an attempt to access companies’ computer systems with that frequency.

Cyber Risk 144

Cyber Risk Insurance Cyber Attacks Risk 144

Security Boulevard

SEPTEMBER 19, 2022

best known as the maker of Ski-Doo snowmobiles, reported a cyber attack in August, 2022, that forced production shutdowns at factories in four countries for about a week after a malware infiltration from a third-party service. The post RiskLens Fast Facts on Cyber Risk in Manufacturing appeared first on Security Boulevard.

Manufacturing 52

Manufacturing Cyber Risk Risk Cyber Attacks 52

CyberSecurity Insiders

DECEMBER 6, 2021

The end of the year is a good time to reflect on the past 12 months and create a plan to improve in 2022. Like years past, 2021 revealed more of the same for the cybersecurity industry—more breaches, bigger ransomware attacks, higher stakes. Understand cybersecurity impacts your bottom line.

Cybersecurity 105

Cybersecurity Ransomware Security Awareness Technology 105

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 127

Cybersecurity Technology Marketing Healthcare 127

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. How is cyber insurance changing?

Cyber Insurance 125

Cyber Insurance Insurance Marketing Cyber Risk 125

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. Now, I want to hear from you…. What else needs to be done?

CISO 130

CISO Mobile Technology Risk 130

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. .”

Cybersecurity 78

Cybersecurity IoT Artificial Intelligence Cyber threats 78

Security Boulevard

JANUARY 10, 2022

With a near incessant flow of high-profile cyber-attacks, 2021 was a significantly active year for cybercriminals. Merging into 2022, we looked back at the most significant cybersecurity themes that we at Axio have covered throughout the year.

Cybersecurity 85

Cybersecurity Cyber Attacks Manufacturing Cyber Risk 85

The Security Ledger

MAY 8, 2022

A cyber attack has disrupted the operations of AGCO/Fendt, a major manufacturer of agricultural equipment, the company has acknowledged. The post Cyber Attack Halts Production at Ag Equipment Maker AGCO Fendt appeared first on The Security Ledger with Paul F. Cyber attacks on agriculture on the rise.

Cyber Attacks 40

Cyber Attacks Manufacturing Cyber Risk Ransomware 40

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

Social Engineering 129

Social Engineering Internet Internet Risk 129

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. APIs have emerged as a go-to tool used by threat actors in the early phases of sophisticated, multi-stage network attacks.

Digital transformation 260

Digital transformation Hacking Architecture Cyber Risk 260

Security Boulevard

APRIL 28, 2022

Thu, 04/28/2022 - 14:39. 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. January 2022: Onapsis and SAP Share Threat Intelligence on Log4j. Onapsis and SAP Partner to Secure Business.

Cyber Risk 96

Cyber Risk Risk Cyber Attacks Internet 96

eSecurity Planet

DECEMBER 15, 2021

As end users represent the biggest cyber risk to enterprises, secure web gateways are an important cornerstone of IT security, along with employee cybersecurity training and secure email gateways. Rapidly detects known and unknown attacks with accuracy and few false positives.

Digital transformation 87

Digital transformation Engineering Internet Internet 87

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. Tue, 05/10/2022 - 05:43. As cyber criminals mature and advance their tactics, small and medium businesses become the most vulnerable because they lack the capacity – staff, technology, budget - to build strong cyber defenses.

Cyber Insurance 77

Cyber Insurance Insurance Cyber Risk Authentication 77

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. 1/4} — Threat Intelligence (@threatintel) January 18, 2022.

Malware 98

Malware Cyber Attacks Government Ransomware 98

Digital Shadows

NOVEMBER 10, 2022

Sporting events, like the upcoming FIFA World Cup Qatar 2022 (Qatar 2022 World Cup), attract massive attention from every corner of the world. So, it is extremely important to shine a light on some of the most pressing cyber threats to prevent and mitigate them ahead of time.

Cyber threats 52

Cyber threats Media Social Engineering Mobile 52

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.

Energy and Utilities 98

Energy and Utilities Cyber threats Risk Cyber Risk 98

Security Affairs

APRIL 22, 2022

According to a report by IDC , by the end of 2022, nearly 65% of the global GDP will be digitized — reliant on a digital system of some kind. This shift to digital technology has created a new class of digital risks that are constantly evolving and strike faster and often with more severity than traditional risks.

Cyber Insurance 101

Cyber Insurance Insurance Risk Technology 101

eSecurity Planet

FEBRUARY 11, 2022

Rather than doors, locks and vaults, IT departments rely on a combination of strategies, technologies, and user awareness training to protect an enterprise against cybersecurity attacks that can compromise systems, steal data and other valuable company information, and damage an enterprise’s reputation. Setting Up Your Risk Management System.

Risk 135

Risk Cybersecurity Encryption Technology 135

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.

Cybersecurity 101

Cybersecurity Cyber Risk Cyber threats Cybercrime 101

Security Boulevard

NOVEMBER 24, 2023

First published by HelpNetSecurity  — Matthew Rosenquist Cybersecurity insurance is a rapidly growing market, swelling from approximately $13B in 2022 to an estimated $84B in 2030 (26% CAGR), but insurers are struggling with quantifying the potential risks of offering this type of insurance.

Insurance 72

Insurance Risk Cyber Insurance Cybersecurity 72

Security Boulevard

MAY 24, 2022

Axio Board member and former CEO of BP, Bob Dudley, recently sat down with experts at Accenture for its 2022 OT Cybersecurity Virtual Summit. Sharing his experience, Bob discussed lessons learned in cybersecurity, the continued challenge of cyber resiliency, and the crucial role played by C-Suite execs and board members in this space.

Cybersecurity 98

Cybersecurity Cyber Risk Cyber Attacks Risk 98

Centraleyes

JANUARY 21, 2024

Key Dates for NIS2 Directive In a landmark moment on November 10, 2022, the European Parliament adopted the NIS2 directive, marking the conclusion of an extensive legislative process. In recent years, a surge in cyber-attacks targeting critical infrastructure has been observed globally.

Cybersecurity 110

Cybersecurity Energy and Utilities Cyber threats Risk 110

eSecurity Planet

FEBRUARY 2, 2022

Tens of thousands of applications that are critical to the operations of data centers around the globe are exposed to the internet, with many secured with default factory passwords, posing a significant cyber risk to enterprises worldwide. See also: Top Vulnerability Management Tools for 2022. Growing Presence of DCIM Software.

Internet 121

Internet Internet Passwords Software 121

The Security Ledger

NOVEMBER 21, 2023

Air Force personnel way back in 2005 as a way to talk about the kinds of enduring cyber attacks and attempts at data exfiltration they were observing. And those firms are under attack. In fact, the term “advanced persistent threat” (or APT) was concocted by U.S.

Small Business 52

Small Business Cyber Attacks Hacking Cyber Risk 52

CyberSecurity Insiders

APRIL 1, 2021

Unfortunately, smaller municipalities do not have the resources to respond and will often be left struggling for hours, or even days, as the attack rages on. Therefore, it is vital to be proactive rather than reactive to reduce these cyber-risks. Secure Remote Access for Administrators Without a VPN.

Passwords 130

Passwords VPN Data breaches Accountability 130

BH Consulting

JULY 13, 2023

The 51-page report goes into detail on the threat landscape, risks to key sectors and supply chain risks. Curated advice, guidance, learning and trends in cybersecurity and privacy, as chosen by our consultants.

Cyber Risk 52

Cyber Risk Artificial Intelligence Risk Cyber Attacks 52

SecureWorld News

DECEMBER 7, 2022

These algorithms will be able to learn and adapt to changing patterns in cyber threats, allowing them to detect and respond to attacks in real time. November 30, 2022. As cyber professionals continue to adopt the technology, so will malicious threat actors. It nails it perfectly. pic.twitter.com/lhhH9FHpld — Gabe ?

Cybersecurity 94

Cybersecurity Cyber Insurance Insurance Social Engineering 94

BH Consulting

JANUARY 11, 2022

We begin with a look at a contentious topic: cyber risk insurance. There is an argument that cybersecurity insurance is useful because it makes people think of business risk, not just IT. However, John warned against thinking a cyber risk policy by itself is sufficient protection.

Cybersecurity 59

Cybersecurity Insurance Scams Cyber Risk 59

BH Consulting

FEBRUARY 15, 2024

Creeping cyber risk grabbing global headlines The World Economic Forum’s latest Global Cybersecurity Outlook 2024 gives senior leaders a high-level overview of cybersecurity trends. Cyber attacks featured in the top five risks for the year ahead, along with factors like extreme weather and the cost of living crisis.

Passwords 52

Passwords Surveillance Risk Data breaches 52

Security Boulevard

OCTOBER 7, 2022

Fri, 10/07/2022 - 14:34. Cyber attackers tend to target businesses with the sole intent of stealing intellectual property, your customer database, and much more. Weak PKI Implementation is a Major Cyber Risk. 7 Things Every CISO Needs to Know About PKI. Alexa Cardenas. Protect and invest in intellectual property.

CISO 52

CISO Risk Cyber Attacks Technology 52

CyberSecurity Insiders

JANUARY 11, 2022

With more than 400 enterprise customers, the recent funding allows Pentera to scale operations across all functions and regions, and grow its headcount from 150 to 300 employees by the end of 2022, on its journey to an IPO. Recent additions to Pentera’s product portfolio include its RansomwareReady and Log4Shell validation modules.

Marketing 52

Marketing Penetration Testing Software Cyber Attacks 52

CyberSecurity Insiders

JANUARY 11, 2022

With more than 400 enterprise customers, the recent funding allows Pentera to scale operations across all functions and regions, and grow its headcount from 150 to 300 employees by the end of 2022, on its journey to an IPO. Recent additions to Pentera’s product portfolio include its RansomwareReady and Log4Shell validation modules.

Marketing 52

Marketing Penetration Testing Software Cyber Attacks 52

Digital Shadows

NOVEMBER 1, 2022

As we move towards the end of 2022, now is the time to take a look back at the major trends from the last eleven months and identify what might happen from a cyber threat perspective in 2023. This in turn is more likely to avoid additional law enforcement scrutiny that places additional pressure on the group’s operations.

Cyber threats 52

Cyber threats Ransomware Media Data breaches 52

Cytelligence

FEBRUARY 4, 2020

Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025. According to Aon’s 2019 Global Risk Management Survey , cyber-attacks were identified as a top ten risk facing organizations and is predicted to be one of the top three risks for organizations in 2022. “As

Penetration Testing 45

Penetration Testing Insurance Data preservation Cyber Insurance 45

Spinone

DECEMBER 27, 2018

Many organizations now have a “Cloud First” mentality, and SaaS is projected by Gartner to grow to 75 billion dollars by 2022 at a 19,2% compound annual growth rate. Growth of automated and sophisticated cyber attacks. The Cloud is changing, and cloud security solutions must evolve to keep the pace.

Risk 60

Risk Cyber Risk Technology Malware 60