Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. With cyber attacks amounting to a question of when and not if, cyber insurance becomes crucial for ensuring business continuity and mitigating the business impact of attacks – should they occur. Tue, 05/10/2022 - 05:43.

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Cyber Insurance Insurance Cyber Risk Cyber Attacks 77

Identity IQ

JULY 17, 2024

What is Two-Factor Authentication? IdentityIQ Two-factor authentication (2FA) is a security tool that requires you to verify your identity twice before you can gain access to a system. It helps prevent unauthorized access to your accounts by adding another layer of security at the point of login.

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Authentication Identity Theft Accountability Passwords 52

Thales Cloud Protection & Licensing

MAY 26, 2023

CIAM in insurance: A unified, secure user experience with a single login madhav Fri, 05/26/2023 - 07:33 In recent years, the insurance industry has transformed from a singularly focused entity to a multi-brand or multi-service type of business. Adding value to the user experience (a top priority for 59% of insurers) 2.

Insurance 71

Insurance Digital transformation Authentication Passwords 71

CyberSecurity Insiders

AUGUST 1, 2022

While verification and authentication are terms that are often used interchangeably, they are in fact two separate operations. Digital verification and authentication play a critical role in preventing fraud and cyberattacks. However, if an insurance company uses a legacy system (see “ What is a legacy system in insurance?

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Authentication Passwords Technology Insurance 121

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. Fixed rate.

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Cyber Insurance Insurance Data breaches Phishing 83

Duo's Security Blog

JUNE 21, 2021

Don’t worry though, there's already an insurance policy for that. What is Cyber Liability Insurance? Cyber liability insurance, sometimes known as cyber insurance, is distinct from traditional commercial general liability and property insurance policies.

Insurance 101

Insurance Cyber Insurance Data breaches Social Engineering 101

Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance. If the technology were to become unavailable, the resulting business impact could be mitigated with cyber insurance.

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eSecurity Planet

OCTOBER 5, 2021

Passwords are the most common authentication tool used by enterprises, yet they are notoriously insecure and easily hackable. At this point, multi-factor authentication (MFA) has permeated most applications, becoming a minimum safeguard against attacks. Jump to: What is multi-factor authentication? MFA can be hacked.

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Authentication Passwords Mobile Accountability 104

Duo's Security Blog

OCTOBER 18, 2021

One area where campuses have been collaborating recently are changes around cyber liability insurance for higher education, an opportunity for campus cybersecurity teams to combine forces with their risk management team. In a recent Duo blog post, we gave an overview of cyber liability insurance.

Insurance 76

Insurance Education Risk Cyber Insurance 76

Malwarebytes

OCTOBER 11, 2023

The Philippine Health Insurance Corporation (PhilHealth), has confirmed that it was unprotected by antivirus software when it was attacked by the Medusa ransomware group in September. PhilHealth is the government owned and controlled corporation that provides universal health coverage in the Philippines. It was attacked on September 22, 2023.

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Security Boulevard

OCTOBER 11, 2024

Insight #1: CISOs, you need insurance coverage According to German multinational insurance company Munich Re, the global cyber insurance market is expected to rise from $14 billion to $29 billion by 2027. Insight #3: We should review security policies more often How often are you reviewing your security policies?

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CISO Insurance Cyber Insurance Cybersecurity 64

SecureWorld News

SEPTEMBER 10, 2020

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. The company says that ransomware accounted for 41% of cyber claims. Cyber insurance works.

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Cyber Insurance Insurance Ransomware Cyber Attacks 55

SC Magazine

MARCH 2, 2021

Google Cloud, Munich Re and Allianz are working together to turn risk data into better insurance policies. In doing so, and in sharing the results with Munich Re and Allianz, the insurers will offer expanded coverage options, including higher policy limits and longer business interruption payouts.

Insurance 75

Insurance Cyber Insurance Risk Media 75

Security Affairs

MAY 13, 2024

They have a range of market insurance products backed by international company, Allianz Group. We already have robust security processes in place for any account access changes, which will require you to confirm your identity using either Biometrics or Two Factor Authentication.” ” continues the notice.

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Data breaches Cyber Attacks Identity Theft Banking 127

Krebs on Security

JANUARY 29, 2021

The unprecedented volume of unemployment insurance fraud witnessed in 2020 hasn’t abated, although news coverage of the issue has largely been pushed off the front pages by other events. The scammers typically use stolen identity data to claim benefits, and then have the funds credited to an online account that they control.

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Insurance Identity Theft Accountability Mobile 331

Krebs on Security

NOVEMBER 19, 2021

One of the more common ways cybercriminals cash out access to bank accounts involves draining the victim’s funds via Zelle , a “peer-to-peer” (P2P) payment service used by many financial institutions that allows customers to quickly send cash to friends and family. What’s your username?”

Scams 362

Scams Banking Passwords Authentication 362

Security Boulevard

SEPTEMBER 6, 2024

Insight #2: Controls to lower cyber insurance costs The number one thing that should decrease cyber security insurance premiums should be multi-factor authentication. There are definitely other things you can do as outlined here , but MFA is probably the largest factor in preventing account compromise/breach.

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CISO Cyber Insurance Cybersecurity Insurance 59

Krebs on Security

JULY 4, 2020

One of the most-read advice columns on this site is a 2018 piece called “ Plant Your Flag, Mark Your Territory ,” which tried to impress upon readers the importance of creating accounts at websites like those at the Social Security Administration , the IRS and others before crooks do it for you.

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Krebs on Security

JANUARY 19, 2022

If you created an online account to manage your tax records with the U.S. is perhaps better known as the online identity verification service that many states now use to help staunch the loss of billions of dollars in unemployment insurance and pandemic assistance stolen each year by identity thieves. account).

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Mobile Accountability Insurance Government 364

BH Consulting

JULY 17, 2024

MFA momentum gathers after AWS adoption and Snowflake breach Multi-factor authentication (MFA) got a boost on two fronts recently. One of the largest tech companies, Amazon Web Services, has now made it mandatory for privileged accounts. MFA is seen as a critical control in reducing the risk of account takeovers.

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Cyber Insurance Insurance Risk Marketing 69

Schneier on Security

FEBRUARY 28, 2024

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion. 11, 2001, terrorist attacks.

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Cyber Insurance Insurance Government Cyber Risk 247

Malwarebytes

APRIL 9, 2024

He was convicted of one count of making a false statement to a National Credit Union Administration insured institution and one count of aggravated identity theft. He used the ID to get a job at a fast-food restaurant and to get a Colorado bank account. It wasn’t the first time Keirans had committed car theft.

Identity Theft 110

Identity Theft Banking Insurance Accountability 110

Krebs on Security

JULY 23, 2020

In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. based First American [ NYSE:FAF ] is a leading provider of title insurance and settlement services to the real estate and mortgage industries. It employs some 18,000 people and brought in $6.2 billion in 2019.

Insurance 323

Insurance Financial Services Penetration Testing Scams 323

Duo's Security Blog

MAY 23, 2023

Passwords are a weak point in modern-day secure authentication practices, with Verizon highlighting that almost 50% of breaches start with compromised credentials. Until a fully password-free environment is deployed, accepted, and adopted by all users, less secure methods of authentication will still be relied on.

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Authentication Passwords Data breaches Phishing 126

Krebs on Security

APRIL 26, 2021

Last week, KrebsOnSecurity heard from a reader who had his freeze thawed without authorization through Experian’s website, and it reminded me of how truly broken authentication and security remains in the credit bureau space. Dune Thomas is a software engineer from Sacramento, Calif. and $24.99

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Authentication Accountability Identity Theft Account Security 343

Krebs on Security

SEPTEMBER 2, 2021

Bill said this criminal group averages between five and ten million email authentication attempts daily, and comes away with anywhere from 50,000 to 100,000 of working inbox credentials. Because these accounts can all be cleaned out and deposited onto a gift card number that can be resold quickly online for 80 percent of its value.

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Accountability Authentication Passwords Hacking 320

Krebs on Security

FEBRUARY 7, 2022

as a condition of receiving state or federal financial assistance, such as unemployment insurance, child tax credit payments, and pandemic assistance funds. In the face of COVID, dozens of states collectively lost tens of billions of dollars at the hands of identity thieves impersonating out-of-work Americans seeking unemployment insurance.

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Insurance Government Authentication Accountability 231

Krebs on Security

MAY 31, 2019

On May 24, KrebsOnSecurity broke the news that First American had just fixed a weakness in its Web site that exposed approximately 885 million documents — many of them with Social Security and bank account numbers — going back at least 16 years. No authentication was needed to access the digitized records. ”

Financial Services 230

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Pen Test Partners

SEPTEMBER 29, 2024

Make sure you can access critical elements of your digital life without your device, such as: Your password manager account. Make a list of important accounts Make a list of important accounts (for example banks and crypto) which you will want to change passwords to in case your phone is lost or stolen.

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Data privacy Passwords Backups Authentication 59

Krebs on Security

JUNE 4, 2019

. “AMCA’s affected system also included credit card or bank account information that was provided by the consumer to AMCA (for those who sought to pay their balance),” the filing reads. AMCA has advised LabCorp that Social Security Numbers and insurance identification information are not stored or maintained for LabCorp consumers.”

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Insurance Banking Accountability Data privacy 268

CyberSecurity Insiders

SEPTEMBER 20, 2021

They protect your electronic devices and accounts from hackers. To create strong passwords that are hard to guess, combine the two-factor authentication with your password for verification purposes. Invest in cybersecurity insurance. Due to the fluctuating nature of cybersecurity risks, these insurance policies keep changing.

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Cybersecurity Insurance Passwords Encryption 121

Krebs on Security

APRIL 28, 2021

” Demirkapi found the Experian API could be accessed directly without any sort of authentication, and that entering all zeros in the “date of birth” field let him then pull a person’s credit score. “Too many consumer finance company accounts,” the API concluded about my friend’s score.

Insurance 362

Insurance Identity Theft Accountability Technology 362

eSecurity Planet

AUGUST 20, 2024

Enable Multi-Factor Authentication (MFA) Even if your password is compromised, MFA adds an extra layer of security by requiring a second verification form, such as a code sent to your phone or generated by an authentication app. This can typically be done in the account settings under the security section.

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Identity IQ

NOVEMBER 1, 2024

Here, cybercriminals buy and sell stolen personal information, including Social Security numbers, bank account details, passwords, and credit card information. Full credit card details and associated data are sold for as little as $10 to $100 , depending on the account’s available balance.

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Identity Theft Data breaches Passwords Banking 52

Malwarebytes

JUNE 4, 2024

Enable two-factor authentication (2FA). Some forms of two-factor authentication (2FA) can be phished just as easily as a password. Phishing attacks often impersonate people or brands you know, and use themes that require urgent attention, such as missed deliveries, account suspensions, and security alerts. Take your time.

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Data breaches Passwords Phishing Password Management 94

Malwarebytes

AUGUST 21, 2024

She doesn’t even have an email account. The data included her name, date of birth, Social Security Number, medical documentation, insurance information, and more. Then lock all these accounts down with strong, unique passwords and two-factor authentication, and set them to private or inactive. She didn’t download malware.

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Identity Theft Data breaches Insurance Passwords 123

Adam Levin

SEPTEMBER 5, 2019

Once the number has been transferred, the criminal has control of any accounts that are identified by caller ID (including many financial institutions) as well as any accounts protected by two-factor authentication. It is believed this was the method used to recently hack Jack Dempsey’s Twitter account. . What You Can Do.

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