CyberSecurity Insiders

NOVEMBER 15, 2022

Cyber Insurance premiums are becoming dearer and the reason for such a rise is claimed to be sophistication in attacks that are making mitigation and recovery expensive. Most companies are showing laxity in following basic cyber security hygiene, leading to a surge in cyber-attacks and data breaches.

Cyber Insurance 84

Cyber Insurance Insurance Marketing Ransomware 84

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 Cyber Attacks 77

Centraleyes

DECEMBER 16, 2024

By 2027, 75% of employees are expected to acquire or modify technology outside of ITs control, up from 41% in 2022. Verizons Data Breach Investigations Report showed that 74% of security breaches involve a human element, with system administrators and developers accounting for most of these errors.

Cybersecurity 98

Cybersecurity Insurance Cyber Insurance Risk 98

The Hacker News

APRIL 10, 2023

With the increasing use of technology in our daily lives, cybercrime is on the rise, as evidenced by the fact that cyberattacks caused 92% of all data breaches in the first quarter of 2022. As technology advances, cyberattacks are becoming more sophisticated.

Cyber Insurance 101

Cyber Insurance Insurance Cybersecurity Data breaches 101

eSecurity Planet

JANUARY 11, 2022

Investors, business clients, and more continue to look for secure application access for remote workers , provide real-time visibility into cyberattacks, and protect data as it travels from the cloud to edge networks and end-users and back. Read more: Top Enterprise Network Security Tools for 2022. Cowbell Cyber.

Cybersecurity 142

Cybersecurity Threat Detection Artificial Intelligence Risk 142

Security Affairs

FEBRUARY 8, 2024

Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches. Data Breach Costs: The average global cost of a data breach in 2023 was $4.45 Data Breach Costs: The average global cost of a data breach in 2023 was $4.45 million per breach.

Social Engineering 141

Social Engineering Cyber Attacks Cyber Insurance IoT 141

Centraleyes

APRIL 9, 2024

According to IBM’s recently released “Cost of a Data Breach” statistics report, the average financial toll of a data breach has surged to an unprecedented $4.45 Regional Disparities in Data Breach Costs The United States emerges with a significantly higher average cost of $9.4

Data breaches 52

Data breaches Cyber Insurance Insurance Ransomware 52

SecureList

NOVEMBER 9, 2022

As for KSB 2022, we invited notable experts to share their insights and unbiased opinions on what we should expect from cybersecurity in the following year. Given the continued surge of ransomware attacks, which soared 288% in the first half of 2022 alone, the need for cyber insurance will be a bigger priority, especially in the SMB market.

Cybersecurity 145

Cybersecurity Cyber Insurance Cybercrime IoT 145

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

Webroot

SEPTEMBER 7, 2023

The number of ransomware attacks has increased by 18% , while the worldwide volume of phishing attacks doubled to 500 million in 2022. In 2022, American businesses lost $10.3 billion to data breaches and cybercrime. The best way to weather these challenges is to become a cyber resilient business.

Encryption 122

Encryption Cyber Insurance Cybercrime Phishing 122

Security Boulevard

MAY 12, 2022

2022 — Could We Still Save Jack Bauer Today? Insurance carriers will offer a variety of different policies and coverage, including: Costs associated with an actual data breach, including letters to all affected victims. What Is Not Covered Under Cyber Insurance? This was in 2005!

Cyber Insurance 105

Cyber Insurance Insurance Marketing Firewall 105

Security Affairs

APRIL 24, 2022

Please vote for Security Affairs as the best European Cybersecurity Blogger Awards 2022 – VOTE FOR YOUR WINNERS Vote for me in the sections “The Underdogs – Best Personal (non-commercial) Security Blog” and “The Tech Whizz – Best Technical Blog” and others of your choice. Patch them now!

Cyber Insurance 100

Cyber Insurance Spyware Firmware Hacking 100

Cisco Security

JULY 11, 2022

From extortion to data breaches, ransomware is always evolving, and is becoming very lucrative with Ransomware-as-a-service kit making it easier to target organizations. Below you can review their findings from a study done between 2018 – 2022: Map: Comparitech Get the data Created with Datawrapper. Key findings .

Ransomware 145

Ransomware Education Cyber Insurance Insurance 145

CyberSecurity Insiders

JANUARY 6, 2023

2022 clearly demonstrated that attacks on data represent the greatest cyber-threat organizations face. Notable data breaches took place at Microsoft, News Corp., Insurance Refusals and Rate Hikes. Many organizations remain unaware of the threat posed to their data by insecure storage and backup systems.

Backups 136

Backups Ransomware Insurance Cyber Insurance 136

Malwarebytes

SEPTEMBER 14, 2022

Bonus: Cyber insurance. Let’s say your business has just suffered a data breach and it’s time to dig deep in your pockets to pay all the resulting expenses. Without cyber insurance, you can expect to pay a dizzying amount of cash. Read more: 4 ways businesses can save money on cyber insurance.

Technology 77

Technology DNS Cyber Insurance Insurance 77

Malwarebytes

DECEMBER 15, 2022

There’s several other aspects of cost avoidance with MDR, including: Reduced risk of data breach : With a team of seasoned professionals monitoring your network 24x7, you’re less likely to get hit with a data breach. In 2022 the average cost of a data breach was $4.35

Cyber Insurance 78

Cyber Insurance Data breaches Insurance Cyber threats 78

Digital Shadows

OCTOBER 14, 2024

Major developments this quarter include “Play” transitioning from double-extortion tactics to targeting ESXi environments and the cybersecurity firm Fortinet experiencing a data breach in which 440GB of customer data was compromised. However, some cyber insurance policies explicitly forbid ransom payments.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

Malwarebytes

JANUARY 15, 2023

One of the primary schools highlighted, Pates Grammar School, was affected on or around the September 28, 2022. The school eventually realised that data had been stolen somewhere around the October 14, notifying the parents. Are you aware of your legal data breach notification responsibilities?

Ransomware 91

Ransomware Backups Education VPN 91

Security Boulevard

JUNE 27, 2022

Mon, 06/27/2022 - 17:31. Identity-related breaches continue to be a “massive threat” to organizations as they try to manage the increasing number of identities, IDSA said. Data Breach. Surge in Machine and Human Identities Drive Security Policies at Organizations [Report]. brooke.crothers. Brooke Crothers.

Digital transformation 52

Digital transformation Cyber Insurance Authentication Accountability 52

Centraleyes

DECEMBER 16, 2024

By 2027, 75% of employees are expected to acquire or modify technology outside of ITs control, up from 41% in 2022. Verizons Data Breach Investigations Report showed that 74% of security breaches involve a human element, with system administrators and developers accounting for most of these errors.

Cybersecurity 52

Cybersecurity Insurance Cyber Insurance Risk 52

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

This data creates leverage for the bad guys as it increasingly affects the customers' personal information. Ransomware gangs may become aggressive and divulge the data breach to the victim's customers, revealing that their sensitive personal or financial data was disclosed.

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

Centraleyes

MAY 6, 2024

trillion over the next ten years, up from $40 billion in 2022. Governance of Artificial Intelligence in Insurance Like many areas of regulatory governance, we see a ripple effect that starts in the EU, spreads to California, gets sprinkled across the U.S. in milder form, and is adopted by a handful of countries around the globe.

Insurance 52

Insurance Artificial Intelligence Marketing Cyber Insurance 52

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.

Penetration Testing 45

Penetration Testing Insurance Data preservation Risk 45

ForAllSecure

MAY 17, 2023

Chris Gray of Deep Watch talks about the view from the inside of a virtual SOC, the ability to see threats against a large number of SMB organizations, and the changes to cyber insurance we’re seeing as a result. cyber insurance as a whole was changing heavily. And why is that? It started off pretty easy to get.

Internet 40

Internet Internet Insurance Cyber Insurance 40

BH Consulting

SEPTEMBER 7, 2022

Independent research like the Verizon Data Breach Investigations Report consistently shows high numbers of breaches involving a human element. If other judges follow this precedent, insurance companies could become less likely to pay in cases like this. And the cyber insurance market keeps growing.

Insurance 40

Insurance Social Engineering Cyber Risk Cyber Insurance 40

Duo's Security Blog

JULY 11, 2022

According to the 2022 Verizon Data Breach Investigations Report (DBIR) , the top attack types for the Education Services Sector are largely unchanged over the last 5 years. Cybersecurity Insurance Providers - To get cyber insurance , institutions will need to have MFA.

Education 52

Education Insurance Cyber Insurance Government 52