Security Affairs

FEBRUARY 8, 2024

Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches. Ransomware Attacks: In 2023, a whopping 72.7% 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

Social Engineering 141

Social Engineering Cyber Attacks Cyber Insurance IoT 141

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

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

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. When is a cybersecurity incident a GDPR data breach?

Social Engineering 52

Social Engineering Data breaches Scams DDOS 52

Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. High-privileged accounts enhance attackers’ ability to access unauthorized data, potentially causing data breaches and operational disruptions.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

Digital Shadows

OCTOBER 14, 2024

lower than in Q3 2023. Meow” took fourth place in Q3 2024, shifting its tactics from data encryption to selling stolen data on cybercriminal forums and its own data-leak site. compared to Q3 2023. However, some cyber insurance policies explicitly forbid ransom payments.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

Centraleyes

MAY 6, 2024

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. The final extent and scope of the measures still need to be clarified, but these will have real impacts on the insurance and pensions sectors.

Insurance 52

Insurance Artificial Intelligence Marketing Cyber Insurance 52

Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

The Pain of Double Extortion Ransomware divya Thu, 02/16/2023 - 06:10 Ransomware perpetrators are adopting more sophisticated attack techniques with much success. This data creates leverage for the bad guys as it increasingly affects the customers' personal information.

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

Centraleyes

APRIL 8, 2024

High-profile data breaches have made data protection and privacy a hot subject. Hackers use more sophisticated methods to break network defenses and steal sensitive data on a large scale. Malicious actors target personal data because of its value. The consequences of data breaches go beyond financial impact.

Data privacy 52

Data privacy Unstructured Data Data breaches Government 52

Security Boulevard

JANUARY 18, 2024

I first explored and predicted the impacts several years ago and called out multiple shifts for the 2023 predictions. Recovery from supply chain attacks will cost 3x-5x more as compared to data breaches. Aggressive nations have a ripple effect on the entire cybersecurity industry. In 2024: 1.

Risk 115

Risk Cybersecurity CISO Technology 115

IT Security Guru

FEBRUARY 28, 2023

Cyber insurers are losing money. 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.

Cyber Insurance 131

Cyber Insurance Insurance Marketing Cyber Attacks 131

Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. High-privileged accounts enhance attackers’ ability to access unauthorized data, potentially causing data breaches and operational disruptions.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

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

Security Affairs

NOVEMBER 5, 2023

Kinsing threat actors probed the Looney Tunables flaws in recent attacks ZDI discloses four zero-day flaws in Microsoft Exchange Okta customer support system breach impacted 134 customers Multiple WhatsApp mods spotted containing the CanesSpy Spyware Russian FSB arrested Russian hackers who supported Ukrainian cyber operations MuddyWater has been spotted (..)

Cyber Insurance 127

Cyber Insurance Cryptocurrency Internet Internet 127

BH Consulting

SEPTEMBER 7, 2022

The film is currently in production, with an anticipated release date of March 2023. Meanwhile, for those interested in privacy and data protection, there’s an excellent post about getting a career in that field. If other judges follow this precedent, insurance companies could become less likely to pay in cases like this.

Insurance 40

Insurance Social Engineering Cyber Risk Cyber Insurance 40

Jane Frankland

DECEMBER 7, 2023

It’s likely we’ll continue to witness a significant shift in the motivation behind prominent cyberattacks, as data sources indicate a resurgence in activities such as information theft, covert communication monitoring, and content manipulation from state sponsored attackers and cybercriminals. Data poisoning will gain popularity in 2024.

Cybersecurity 130

Cybersecurity Cyber threats Insurance Artificial Intelligence 130