Security Boulevard

APRIL 25, 2024

million, according to Sophos Guide to Cyber Insurance, 2023. The post MDR Can Make an Impact on Cyber Insurance appeared first on Pondurance. The post MDR Can Make an Impact on Cyber Insurance appeared first on Security Boulevard. That’s a substantial hit for any size company.

Cyber Insurance 72

Cyber Insurance Insurance Ransomware Cybersecurity 72

CyberSecurity Insiders

MAY 1, 2023

Companies that fail to protect their customers’ information are likely to face lawsuits in the year 2023, as impacted customers are no longer willing to tolerate such acts at the expense of their privacy and financial losses. By the way, data spills occurring from state-funded hacks are no longer covered under cyber insurance.

Data breaches 138

Data breaches Cyber Insurance Insurance Technology 138

SecureList

NOVEMBER 9, 2022

What cyberthreats for business will be the greatest in 2023? The ongoing geopolitical storm brings not only classical cyberthreats for business, but also unpredictable risks and ‘black swans’ The main problem for 2023 will be supply-chain stability and cybersecurity. Threat modeling approaches will be changed in 2023.

Cybersecurity 144

Cybersecurity Cyber Insurance Cybercrime IoT 144

CSO Magazine

JANUARY 24, 2023

US financial institutions see peer-to-peer fraud and other digital fraud as the biggest cybersecurity concern in 2023. It was cited by 29% of respondents in a survey by Computer Systems Inc. CSI), followed by data breaches (23%), ransomware (20%) and a breach at a third party (15%).

Cyber threats 111

Cyber threats Identity Theft Cyber Insurance Insurance 111

Cisco Security

JANUARY 10, 2023

Here are the topics that I think will be top of mind in 2023, and what CISOs can do to prepare. As a result of this, next year we could see CISOs tightening up the disclosure decision making process, focusing on quicker and greater clarity on breach impact, and even looking to include personal liability cover in cyber insurance contracts.

CISO 142

CISO Insurance Cyber Insurance Phishing 142

CyberSecurity Insiders

JANUARY 6, 2023

Organizations are being confronted on all sides by cyber-danger. Here are our top 4 predictions on how this will play out in 2023: More Data Attacks, Greater Sophistication, Bigger Monetary Losses. Insurance Refusals and Rate Hikes. But not insurance companies. We will begin to see that shifting in 2023.

Backups 136

Backups Ransomware Insurance Cyber Insurance 136

The Hacker News

APRIL 10, 2023

As technology advances, cyberattacks are becoming more sophisticated. 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.

Cyber Insurance 101

Cyber Insurance Insurance Cybersecurity Data breaches 101

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.

Cyber Insurance 72

Cyber Insurance Insurance Marketing Risk 72

CyberSecurity Insiders

DECEMBER 18, 2022

A look ahead to 2023 we can expect to see changes in MFA, continued Hactivism from non-state actors, CISOs lean in on more proactive security and crypto-jackers will get more savvy. MFA will remain critical to basic cyber hygiene, but it will cease to be seen as a stand-alone ‘set and forget’ solution.

Cybersecurity 125

Cybersecurity CISO Insurance Ransomware 125

CyberSecurity Insiders

JANUARY 10, 2023

this tumultuous climate, it’s a safe bet to say that 2023 will be a year in which cybersecurity remains top of mind. Customer networks will become increasingly complex in 2023 as companies continue to move their critical assets to the cloud environment. In 2023, Microsoft Active Directory (AD) will continue to be a major risk.

Cybersecurity 108

Cybersecurity Identity Theft Cyber Insurance Digital transformation 108

Security Affairs

OCTOBER 20, 2024

CISA adds Veeam Backup and Replication flaw to its Known Exploited Vulnerabilities catalog North Korea-linked APT37 exploited IE zero-day in a recent attack Omni Family Health data breach impacts 468,344 individuals Iran-linked actors target critical infrastructure organizations macOS HM Surf flaw in TCC allows bypass Safari privacy settings Two Sudanese (..)

Data breaches 116

Data breaches Cybercrime Cyber Insurance Marketing 116

SecureWorld News

DECEMBER 7, 2022

But 2023 might be the year it all comes to fruition. In 2023, experts predict we will see even more widespread adoption of AI in cybersecurity. In 2023, we can expect this skills and labor shortage to continue. Cyber insurance trends in 2023. million cybersecurity jobs worldwide.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance Social Engineering 98

Malwarebytes

NOVEMBER 15, 2023

Formed around 2016 to defend Ukraine’s cyberspace against Russian interference, the UCA used a public exploit for CVE-2023-22515 to gain access to Trigona infrastructure. Trigona is responsible for at least 30 attacks across various sectors since first emerging in October 2022. However, this figure might not fully represent the situation.

Ransomware 108

Ransomware Education Backups Cyber Insurance 108

SecureWorld News

DECEMBER 29, 2022

Here's a compilation of a dozen solid trend pieces looking back at the year that was 2022 and the year ahead in 2023. Top 10 Challenges Facing CISOs in 2023 – "While 2022 was certainly no walk in the park, strong cybersecurity investments and institutional support suggest a light at the end of the tunnel.

Cybersecurity 97

Cybersecurity CISO Artificial Intelligence Cyber Insurance 97

Security Boulevard

JANUARY 25, 2023

It is difficult to predict with certainty what the top trends in cyberinsurance will be in 2023, as the field is constantly evolving and new developments are emerging all the time. The post CyberInsurance Predictions for 2023 appeared first on Security Boulevard.

Cyber Insurance 105

Cyber Insurance Insurance Risk Government 105

Security Boulevard

JANUARY 8, 2023

There are dark clouds on the horizon as well as conflicting forecasts regarding cyber insurance in 2023 and beyond. Where will the insurance market go from here on cybersecurity coverage? The post Are Cyber Attacks at Risk of Becoming ‘Uninsurable’? appeared first on Security Boulevard.

Cyber Attacks 98

Cyber Attacks Cyber Insurance Risk Insurance 98

The Last Watchdog

AUGUST 1, 2023

1, 2023 – Guardz , the cybersecurity company securing and insuring SMEs, today disclosed the existence of a Hidden Virtual Network Computing (hVNC) malware targeting macOS devices. Tel Aviv, Israel, Aug.

Malware 189

Malware Insurance Cyber Insurance Small Business 189

SecureWorld News

DECEMBER 27, 2022

While claims due to natural catastrophes are expected to top $100 billion in 2022 -- as it did in 2021 -- losses due to cyber attacks continue to climb. Insurance underwriters have no choice but to try and limit exposure through providing less coverage or hiking up the cost of cyber insurance.

Insurance 97

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 2023 to $84.62 million — more than twice the global average of $4.35 billion by 2030.

Insurance 121

Insurance Data breaches Cyber Insurance Marketing 121

Security Boulevard

AUGUST 25, 2022

announced that it will require its underwriters, globally, “to exclude catastrophic state-backed hacks from stand-alone cyber insurance policies” starting in March 2023. This elimination of cyber policies involving nation-state adversaries is not surprising. Last week, Lloyd’s of London Ltd.

Insurance 103

Insurance Cyber Attacks Cyber Insurance Hacking 103

Javvad Malik

AUGUST 22, 2022

Lloyds of London has told its members to exclude nation state cyber attacks from insurance policies beginning in 2023, saying they pose unacceptable levels or risk. Hmm so where do we begin to unpack this one? Attribution is never easy, even in the best of times.

Insurance 145

Insurance Cyber Attacks Social Engineering Cyber Insurance 145

BH Consulting

FEBRUARY 24, 2025

It’s probably worth saying that 2023 was a record year, with ransom payments reaching $1.25 Cyber insurance industry faces a pivotal year The cyber insurance industry faces a pivotal year, influenced by evolving ransomware threats, regulatory changes, and the integration of artificial intelligence (AI).

Cyber Insurance 59

Cyber Insurance Insurance Ransomware Artificial Intelligence 59

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.

Cyber Risk 52

Cyber Risk Risk Cyber Insurance Insurance 52

SecureWorld News

MAY 9, 2023

According to the Los Angeles Times , the County had been quiet about the incident for weeks, reportedly discovering the attack in early April 2023. This case also adds to an already interesting discussion related to ransomware and cyber insurance. Should organizations be required to have cyber insurance?

Cyber Insurance 98

Cyber Insurance Insurance Ransomware Encryption 98

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. The increase in cyber losses in recent years pushed up prices, some insurance companies also changed their policies to limit their refunds in case of cyber incidents.

Cyber Attacks 98

Cyber Attacks Cyber Insurance Insurance Cyber Risk 98

Security Affairs

OCTOBER 30, 2023

One of the most interesting aspects that emerged from the 2023 Hacker-Powered Security Report is the improvement of the patch management process, customers are getting faster at fixing vulnerabilities. The average platform-wide remediation time dropped 10 days in 2023.

Cyber Insurance 135

Cyber Insurance Hacking Insurance CISO 135

Security Affairs

FEBRUARY 8, 2024

Ransomware Attacks: In 2023, a whopping 72.7% Data Breach Costs: The average global cost of a data breach in 2023 was $4.45 Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 of organizations faced ransomware. The cost of these attacks could hit $265 billion annually by 2031.

Social Engineering 141

Social Engineering Cyber Attacks Cyber Insurance IoT 141

BH Consulting

JULY 17, 2024

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. Howden’s annual report found that reported ransomware incidents were up by 18 per cent in the first five months of this year compared to 2023.

Cyber Insurance 69

Cyber Insurance Insurance Risk Marketing 69

Malwarebytes

FEBRUARY 26, 2023

How to set up two-factor authentication on Twitter using an app How to set up two-factor authentication on Twitter using a hardware key Multilingual skimmer fingerprints 'secret shoppers' via Cloudflare endpoint API HardBit ransomware tailors ransom to fit your cyber insurance payout The 5 most dangerous cyberthreats facing businesses this year Samsung (..)

Cyber Insurance 88

Cyber Insurance Insurance Authentication Healthcare 88

Dark Reading

APRIL 27, 2023

Compliance acts as primary driver for obtaining cyber insurance, but budget constraints hinder efforts.

Cyber Insurance 56

Cyber Insurance Insurance Cybersecurity 56

SecureWorld News

NOVEMBER 2, 2022

Q : What is an industry-wide change you would like to see happen in 2023? A : Our profession should put a higher priority on implementing the controls required by cyber insurance carriers, because they're starting to figure out what really reduces the risk of a major incident. See the conference agenda and register here.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance Cyber Risk 98

SecureWorld News

FEBRUARY 6, 2024

New regulatory filings have exposed the skyrocketing costs of major cyber incidents, as big brands Clorox and Johnson Controls admitted collectively suffering more than $75 million in attack-related expenditures last year. Cleaning giant Clorox was struck by an unspecified cyber event discovered in August 2023.

Insurance 118

Insurance Cyber Insurance Cyber Risk Cyber threats 118

SecureWorld News

DECEMBER 1, 2022

The California Privacy Rights Act (CPRA)—a more stringent update of the California Privacy Protection Act (CCPA)—goes into effect January 1, 2023, adding in employee data and business-to-business data under its scope of privacy protection. Cyber insurance (critical). Scott Giordano, General Counsel and. VP of Corporate Privacy.

InfoSec 98

InfoSec Cyber Insurance Consumer Protection Insurance 98

SecureWorld News

MARCH 28, 2024

Having clear definitions gives cyber insurers a way to work with critical infrastructure on underwriting decisions based on these guidelines," Gallagher noted. billion implementation cost from 2023-2033 "modest compared to the scale of cybercrime." Gallagher called the estimated $2.6

Cyber Insurance 112

Cyber Insurance Government Insurance Cyber Risk 112

BH Consulting

JUNE 13, 2023

Target the human, swipe the cash: Verizon DBIR 2023 highlights crime trends Manage the human risk and mind your money: those are two key takeaways from Verizon’s 2023 Data Breach Investigations Report. MORE SANS Institute lists the top five most dangerous attacks in 2023.

Social Engineering 52

Social Engineering Data breaches Scams DDOS 52

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.

Cyber Insurance 308

Cyber Insurance Insurance Government Cyber Risk 308

CyberSecurity Insiders

OCTOBER 26, 2022

From a budgetary standpoint, ransom payments and cyber insurance premiums have continued to rise over time. Cyber attacks are evolving so rapidly that present defense methodologies may be obsolete as soon as 2023, which is why routine updating is so important.

Ransomware 120

Ransomware Cyber Insurance Insurance Cyber Attacks 120