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

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

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

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

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 92

Cybersecurity Cyber Insurance Insurance Social Engineering 92

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.

Cybersecurity 137

Cybersecurity Cyber Insurance Cybercrime IoT 137

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 Digital transformation Cyber Insurance 108

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. Here are the topics that I think will be top of mind in 2023, and what CISOs can do to prepare. Increasing demands from insurers.

CISO 142

CISO Insurance Cyber Insurance Phishing 142

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.

Cyber Insurance 69

Cyber Insurance Insurance Risk Marketing 69

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

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

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.

Insurance 76

Insurance Cyber Attacks Cyber Insurance Marketing 76

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.

Cyber Insurance 250

Cyber Insurance Insurance Government Cyber Risk 250

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

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

Security Boulevard

JANUARY 18, 2024

Cybersecurity risks increase every year and bludgeon victims who fail to prepare properly. For those interested in a better understanding of the oncoming risks, this is the information you are looking for. I first explored and predicted the impacts several years ago and called out multiple shifts for the 2023 predictions.

Risk 115

Risk Cybersecurity CISO Technology 115

SecureWorld News

OCTOBER 20, 2021

Cyberrisk is business risk. But how should we communicate this risk to the business, to clients, or to investors? Accenture annual report: risks we face from cyberattacks. However, we were most interested in seeing how Accenture articulated a particular business risk: the risk from a cyberattack.

Cyber Risk 82

Cyber Risk Risk Insurance Cyber Insurance 82

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 138

Cyber Insurance Hacking Insurance CISO 138

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.”.

Cyber Attacks 98

Cyber Attacks Cyber Insurance Insurance Cyber Risk 98

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

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 Without any further ado, let’s have a look at the 7 most recent cyber security events.

Social Engineering 143

Social Engineering Cyber Attacks Cyber Insurance IoT 143

SecureWorld News

MARCH 28, 2024

It will allow corporations to simplify and deploy more effective cybersecurity programs," Seara stated, recommending companies "start with cyber risk quantification to prioritize risk mitigation projects." billion implementation cost from 2023-2033 "modest compared to the scale of cybercrime."

Cyber Insurance 93

Cyber Insurance Government Insurance Cyber Risk 93

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.

Cybersecurity 89

Cybersecurity Cyber Insurance Insurance Cyber Risk 89

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 120

Data breaches Cybercrime Cyber Insurance Marketing 120

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 94

Insurance Cyber Insurance Cyber Risk Cyber threats 94

CyberSecurity Insiders

OCTOBER 26, 2022

From a budgetary standpoint, ransom payments and cyber insurance premiums have continued to rise over time. The plan should carefully document security controls and include proactive steps to manage supply chain partner risk. Therefore, they are more likely to create an unintentional risk for the organization.

Ransomware 120

Ransomware Cyber Insurance Insurance Risk 120

Thales Cloud Protection & Licensing

NOVEMBER 15, 2023

Ready for Take-off: Rising Above Airport Cybersecurity Challenges sparsh Thu, 11/16/2023 - 04:52 Aviation is a fast-paced world, with airports around the globe serving billions of passengers annually. Airports are high-risk locations and more vulnerable to cyber-attacks than airlines.

Cybersecurity 87

Cybersecurity Authentication Digital transformation Cyber Insurance 87

Malwarebytes

JANUARY 9, 2023

Google patches 60 vulnerabilities in first Android update of 2023. Software provider denied insurance payout after ransomware attack. Cybersecurity risks should never spread beyond a headline. Okta breached last month, no customers compromised. Update VPN Plus Server now! Synology patches vulnerability with a CVSS of 10.

Insurance 75

Insurance VPN Ransomware Technology 75

SecureWorld News

AUGUST 23, 2023

On August 8, 2023, the U.S. For a solid rundown of what the updates mean, check out this SecureWorld article from Kip Boyle , vCISO, Cyber Risk Opportunities LLC. Public Draft, as well as the related Implementation Examples draft, may be submitted to cyberframework@nist.gov by Friday, November 4, 2023. Nader Zaveri – Sr.

Cybersecurity 77

Cybersecurity CISO Government Risk 77

Centraleyes

APRIL 8, 2024

According to PwC’s 2023 Trust Survey, 84% of executives believe that customers have high trust in their firm, whereas only 27% of customers agree. Reducing Company Risk: By locating, identifying, classifying, minimizing , and securing sensitive data, firms can r educe the risk of security, privacy, and compliance.

Data privacy 52

Data privacy Unstructured Data Data breaches Government 52

Security Affairs

NOVEMBER 6, 2018

Group-IB, an international company that specializes in preventing cyber attacks, and a Swiss insurance broker ASPIS SA that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges cybersecurity, allowing the exchanges’ clients to ensure their assets. The most common rate is 1.9%

Insurance 97

Insurance Cryptocurrency Cyber threats Marketing 97

SecureWorld News

OCTOBER 19, 2023

Increased risk of cyberattacks The rising cost of living can lead to an increase in cybercrime, as people become more desperate to make money. Organizations need to be aware of the risks and take steps to protect themselves, even if it means increasing their cybersecurity spending. Many are facing multifaceted challenges.

Cybersecurity 77

Cybersecurity CISO Education Phishing 77

eSecurity Planet

MARCH 28, 2023

This article was originally written by Drew Robb on July 7, 2017 , and updated by Chad Kime on March 29, 2023. While a more expensive option, HPE and Aruba back their ClearPass product with the confidence inspired by their brand, robust support options, and a large partner network.

Wireless 116

Wireless Authentication IoT VPN 116

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. These methods provide significant security risks for businesses of all sizes. The pains of double extortion ransomware A security gap?

Ransomware 71

Ransomware Encryption Backups Cyber Insurance 71

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

Digital Shadows

OCTOBER 14, 2024

lower than in Q3 2023. compared to Q3 2023. Figure 1: Number of compromised organizations listed on data-leak sites, Q4 2023–Q3 2024 In Q3 2024, new top contenders emerged, challenging LockBit’s dominance. However, some cyber insurance policies explicitly forbid ransom payments.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94