Malwarebytes

JULY 10, 2022

Without cyber insurance , you can expect to pay a dizzying amount of cash. In 2022 alone, the average cost of a data breach for businesses under 1,000 employees was close to $3 million—and these costs are coming from activities that cyber insurers typically cover, such as detecting and responding to the breach.

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Cyber Insurance Insurance Data breaches Phishing 104

Webroot

JULY 25, 2022

The RSA Conference 2022 – one of the world’s premier IT security conferences – was held June 6th-9th in San Francisco. But attendees and presenters alike made up for it with their eagerness to explore emerging IT security trends that have developed over the past year – a venue like RSA Conference 2022 delivered on tenfold.

Cyber Insurance 136

Cyber Insurance Insurance Marketing Ransomware 136

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.

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Cyber Insurance Insurance Cyber Risk Cyber Attacks 77

Centraleyes

DECEMBER 16, 2024

Tools like ChatGPT and Bard, powered by large language models, showcase how generative AI transforms business processesbut they also pose new risks. By 2027, 75% of employees are expected to acquire or modify technology outside of ITs control, up from 41% in 2022. The challenge? Securing these AI models and the data they generate.

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Cybersecurity Insurance Cyber Insurance Risk 98

CyberSecurity Insiders

SEPTEMBER 13, 2022

Chief Financial Officers aka CFOs are ignoring billions of dollars loss incurred through cyber risks and threats, says a survey. So, experts want the CFOs to stay in a loop with the board to understand the risks and severity involved in cyber attacks.

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Cyber Risk Risk Cyber Insurance Insurance 131

CSO Magazine

AUGUST 22, 2022

Insurance marketplace Lloyd’s of London is set to introduce cyber insurance exclusions to coverage for “catastrophic” state-backed attacks from 2023. The move is reflective of a maturing and quickly evolving cyber insurance market. Nation-state attacks pose systemic risk to insurers.

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Cyber Insurance Insurance Marketing Risk 72

Security Boulevard

APRIL 28, 2022

The post Cyber Insurance: What to Know for 2022 and Beyond appeared first on Hyperproof. The post Cyber Insurance: What to Know for 2022 and Beyond appeared first on Security Boulevard.

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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. Boasting itself as the world’s first Code Risk Platform, Apiiro Security offers risk visibility across design, code, and cloud segments.

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Cybersecurity Threat Detection Artificial Intelligence Risk 142

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.

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Insurance Risk Cyber Insurance Cybersecurity 72

SecureWorld News

DECEMBER 27, 2022

Cyber is the risk to watch, according to a Financial Times article in which insurer Zurich's top executive is quoted. What will become uninsurable is going to be cyber,” said Mario Greco, CEO at Zurich, one of Europe's biggest insurance companies, in the Dec. 26 article. The two sides later settled.

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Insurance Cyber Attacks Cyber Insurance Marketing 97

CSO Magazine

JUNE 14, 2023

Finding the right insurance has become a key part of the security equation, which is no surprise given that the average cost of a data breach in the US has risen to $9.44 The global cyber insurance market was valued at $13.33 billion in 2022, according to research by Fortune Business Insights , and is expected to grow from $16.66

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Insurance Data breaches Cyber Insurance Marketing 121

eSecurity Planet

JULY 8, 2022

With a cyberattack, it’s more than just data that needs protecting—at risk is really the entire physical infrastructure from applications and operating systems down to low-level firmware and BIOS. Integrated multicloud analytics and insights allow businesses to optimize performance, mitigate risk, and reduce cloud costs.

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Backups Ransomware Technology Marketing 142

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.

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Cybersecurity Technology Marketing Healthcare 130

CyberSecurity Insiders

APRIL 19, 2022

M-Trends 2022 report not only disclosed what threat actors are doing, but has also offered ways to mitigate risks. And from early 2022, the focus of the cyber criminals has shifted towards core business environments such as virtualization as any attack on such operations will lead to complex IT disasters.

Ransomware 120

Ransomware Cyber Insurance Insurance Cryptocurrency 120

The Last Watchdog

AUGUST 1, 2023

“As with all Attack-as-a-Service tools, protecting against this new stealth malware requires robust and active cybersecurity measures, as well as ongoing user education about the risks of suspicious email attachments and files from untrustworthy sources, in particular.

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Malware Insurance Cyber Insurance Small Business 189

Cisco Security

JANUARY 10, 2023

As the majority of the global Covid fog finally started lifting in 2022, other events – and their associated risks – started to fill the headspace of C-level execs the world over. Using this information, last year I wrote a blog summing up the nine top of mind issues I believed will most impact CISOs as we headed into 2022.

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CISO Insurance Cyber Insurance Phishing 142

Security Affairs

DECEMBER 28, 2022

With the increase in the number of cyber attacks, a growing number of organizations opted to transfer the cyber risk by underwriting cyber insurance. On May 2021, Ireland’s Health Service Executive service shut down its IT systems after they were hit with a “significant ransomware attack.”. Pierluigi Paganini.

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Cyber Attacks Cyber Insurance Insurance Cyber Risk 98

Security Affairs

OCTOBER 30, 2023

The versatility of hackers and the impact of the vulnerabilities they surface make them instrumental to how our customers anticipate and address risk.” The median price of a vulnerability reported through the HackerOne platform is $500, up from $400 in 2022. Additional info is available in the report published by the company.

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Cyber Insurance Hacking Insurance CISO 136

Security Boulevard

JANUARY 9, 2023

Cybersecurity budgets under pressure…regulators tightening risk disclosure rules.breakdown in the cyber insurance market. As 2022 ended, a series of trends lined up that will set the agenda in 2023 for cyber risk and security leaders.

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Cyber Risk Risk Cyber Insurance Insurance 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.

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Cybersecurity Cyber Insurance Cybercrime IoT 145

Security Affairs

FEBRUARY 8, 2024

Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Cyber Skills Gap: By 2025, there could be 3.5 million unfilled cyber security jobs, showing a big need for skilled professionals. Market Size: The AI cyber security market was worth around $17.4

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Social Engineering Cyber Attacks Cyber Insurance IoT 141

SecureWorld News

NOVEMBER 2, 2022

He helps senior decision makers overcome cybersecurity sales objections and manages unlimited cyber risks through rigorous prioritization. In the private sector, he was a CISO for an insurance company, credit card processor, bank, credit union, and IT Managed Service Provider. See the conference agenda and register here.

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Cybersecurity Cyber Insurance Insurance Cyber Risk 98

BH Consulting

JULY 17, 2024

MFA is seen as a critical control in reducing the risk of account takeovers. Sadly, making things mandatory is often the most effective way to manage this risk. Cyber insurance: whisper it, but it seems to be working Cyber insurance premiums have dropped by 15 per cent compared to their peak in 2022.

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Cyber Insurance Insurance Risk Marketing 69

SecureWorld News

MARCH 28, 2024

Department of Homeland Security (DHS) is set to implement long-awaited rules that will require critical infrastructure entities across multiple sectors to report cyber incidents and ransomware payments to the federal government. Jose Seara, CEO of DeNexus, welcomed the convergence of cybersecurity mandates across government agencies. "It

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Cyber Insurance Government Insurance Cyber Risk 112

SecureWorld News

DECEMBER 7, 2022

November 30, 2022. As cyber professionals continue to adopt the technology, so will malicious threat actors. Cyber insurance trends in 2023. As the three previous trends discussed how certain aspects of the cybersecurity industry will continue to grow in 2023, expect the same from the cyber insurance market.

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Cybersecurity Cyber Insurance Insurance Social Engineering 98

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!

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Cyber Insurance Spyware Firmware Hacking 100

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 The best way to weather these challenges is to become a cyber resilient business. And those attacks are costing companies a lot of money.

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Encryption Cyber Insurance Cybercrime Phishing 122

Malwarebytes

SEPTEMBER 14, 2022

Your level of prevention is determined by how much risk you accept to take on. There are two extremes to prevent cyberattacks: Overly permissive prevention and absolute prevention—and where you fall on that spectrum depends on the level of risk in your organization. Bonus: Cyber insurance.

Technology 80

Technology DNS Cyber Insurance Insurance 80

eSecurity Planet

OCTOBER 18, 2022

Those findings echo comments made earlier this year at the RSA Conference by Joe Hubback, managing director EMEA at cyber risk management startup ISTARI. Also read: eSecurity Planet’s 2022 Cybersecurity Product Awards. “Many vendors present AI as a black box solution, so how do you qualify risks and benefits?

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Marketing Cyber Insurance Security Awareness Cybersecurity 124

Schneier on Security

FEBRUARY 28, 2024

One possible solution, touted by former Department of Homeland Security Secretary Michael Chertoff on a recent podcast , would be for the federal government to step in and help pay for these sorts of attacks by providing a cyber insurance backstop. But most of this language has not yet been tested by insurers trying to deny claims.

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Malwarebytes

FEBRUARY 3, 2023

As the reports covering all of 2022 start trickling in, we can see that cybercrime and other types of fraud had a major impact last year. Take for example the 2022 half year fraud update by UK Finance, which tells us that criminals stole a total of £609.8 More than half (58.2

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Scams Banking Cyber Insurance Cybercrime 96

CyberSecurity Insiders

JANUARY 10, 2023

“In 2023, Microsoft Active Directory (AD) will continue to be a major risk. We have seen publicly exploited vulnerabilities like ProxyNotShell during 2022, and will continue to do so in 2023. The post XM Cyber’s Cybersecurity Predictions for 2023 appeared first on Cybersecurity Insiders.

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Cybersecurity Identity Theft Cyber Insurance Digital transformation 108

Malwarebytes

DECEMBER 15, 2022

MDR is an outsourced service which provides organizations with 24x7 attack prevention, detection, and remediation, as well as targeted and risk-based threat hunting. In 2022 the average cost of a data breach was $4.35 Savings on cyber insurance : Cyber insurers want 24/7 detection and response in an environment.

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Cyber Insurance Data breaches Insurance Cyber threats 81

Thales Cloud Protection & Licensing

JULY 21, 2022

The Ongoing Cyber Threat to Critical Infrastructure. Thu, 07/21/2022 - 12:28. With that in mind, Thales has launched the 2022 Thales Data Threat Report Critical Infrastructure Edition, which includes responses from 300 security leaders and practitioners within critical infrastructure organizations. The Threat of Ransomware.

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Cyber threats Energy and Utilities Ransomware IoT 71

CyberSecurity Insiders

OCTOBER 24, 2022

56% of lower education respondents were hit by ransomware in 2022. Cyber insurance. Often, educational institutions see cyber insurance as a needless expense. Unlike professional organizations and companies, education has a much lower cyber insurance policy protection rate. 64% of higher education.

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Education Cyber Attacks Cyber Insurance Insurance 58

SecureWorld News

OCTOBER 19, 2023

recorded in October 2022, yet it is still painfully elevated. All of this makes it more difficult for organizations to protect themselves from new and emerging cyber threats. Increased risk of cyberattacks The rising cost of living can lead to an increase in cybercrime, as people become more desperate to make money. and Europe.

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Digital Shadows

OCTOBER 14, 2024

ReliaQuest’s GreyMatter Digital Risk Protection (DRP) is an effective security operations tool to help security teams mitigate data exposures, breaches, brand threats, and third-party risks through features like asset-based monitoring, extensive data source coverage, and credential leak detection.

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Ransomware Social Engineering Insurance Cyber Insurance 94