Centraleyes

DECEMBER 16, 2024

Verizons Data Breach Investigations Report showed that 74% of security breaches involve a human element, with system administrators and developers accounting for most of these errors. Expect to see more investments in privacy-enhancing technologies (PETs) such as encryption, anonymization, and data masking.

Cybersecurity 98

Cybersecurity Insurance Cyber Insurance Technology 98

SC Magazine

JULY 13, 2021

million patients have been impacted by a health care data breach so far in 2021, a whopping 185% increase from the same time period last year where just 7.9 Malicious cyberattacks caused the majority of these security incidents, accounting for 73% of all breaches. More than 22.8 Another 20.7%

Data breaches 113

Data breaches Insurance Healthcare Education 113

Cytelligence

OCTOBER 18, 2023

The cost of cyber attacks, including financial losses, reputational damage, and legal consequences, can be staggering. To mitigate these risks, businesses often invest in cyber insurance. However, there is a powerful and cost-effective tool that businesses can utilize to reduce their cyber insurance costs: strong passwords.

Cyber Insurance 64

Cyber Insurance Insurance Passwords Cyber Attacks 64

Krebs on Security

JULY 24, 2018

The email allowed the intruders to install malware on the victim’s PC and to compromise a second computer at the bank that had access to the STAR Network , a system run by financial industry giant First Data that the bank uses to handle debit card transactions for customers. Between Jan. ” .” ”

Banking 198

Banking Insurance Computers and Electronics Cyber Insurance 198

SC Magazine

APRIL 19, 2021

AIG is one of the top cyber insurance companies in the U.S. Today’s columnist, Erin Kennealy of Guidewire Software, offers ways for security pros, the insurance industry and government regulators to come together so insurance companies can continue to offer insurance for ransomware. eflon CreativeCommons CC BY 2.0.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

SecureWorld News

JANUARY 31, 2024

Frequently, the liability associated with slip-and-falls is pushed up to the owner—and within that same upstream push, so goes privacy and data breach liability. All stakeholders, including insurers, need to understand whose cyber insurance policy responds to an incident.

Risk 103

Risk Cyber Insurance Insurance Data breaches 103

Malwarebytes

JANUARY 26, 2022

Due to the evolving and growing impact of cybersecurity incidents there are some questions starting to arise about the way that insurance companies deal with the costs that are the results of such incidents. But cyber insurance comes in different flavors and sizes. An act of war? Lloyd’s of London.

Insurance 97

Insurance Cyber Insurance Ransomware Data breaches 97

Security Affairs

FEBRUARY 8, 2024

Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches. 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 million per breach.

Social Engineering 141

Social Engineering Cyber Attacks Cyber Insurance IoT 141

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

SC Magazine

FEBRUARY 8, 2021

The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. That’s quite the incentive for insurers to assert themselves in this market. Every sector has suffered breaches and no nation can claim to have been spared.”. A maturing model. billion in premium.

Insurance 126

Insurance Cybersecurity Cyber Insurance Government 126

Security Boulevard

MAY 12, 2022

Even with the advancements in network isolation, containment, and prevention at the endpoint, hackers will still bypass predictive controls to execute malware attacks, ransomware exploits, account takeovers.etc. What Is Not Covered Under Cyber Insurance? Below is a list of adaptive controls needed for cyber insurance.

Cyber Insurance 105

Cyber Insurance Insurance Marketing Firewall 105

Adam Levin

JULY 8, 2020

Hackers posing as Coincheck.com employees contacted the company’s customers and requested their account credentials. We are all weary of the endless cycle of hacks and data breaches and we’re increasingly blaming businesses that have been compromised rather than the hackers themselves.

Hacking 130

Hacking Retail Cyber Insurance Authentication 130

Adam Levin

MARCH 16, 2020

billion, or roughly half, of the total losses in 2019 were attributed to generic email account compromise (EAC) complaints. Taking into account unknowables, we’re talking about a ballpark cost of roughly $75,000 per BEC-related complaint. That is exponentially more expensive than other cyber events.

Scams 130

Scams Identity Theft Accountability Phishing 130

Digital Shadows

NOVEMBER 26, 2024

Key Points Phishing incidents rose during the reporting period (August 1 to October 31, 2024), accounting for 46% of all customer incidents. Cloud services alerts increased by 20% due to rising cloud account usage, while malicious file alerts in phishing attacks remain high, exploiting users’ tendencies to open files.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

CSO Magazine

AUGUST 16, 2022

The cost calculator for cyberattacks takes into account general data—like revenue, number of employees, vertical, headquarters location and the types of records stores—to arrive at an “annual loss expectancy” figure, according to vice president of AI and cyber insurance at Safe Security, Pankaj Goyal.

Risk 61

Risk Cyber Insurance Insurance Data breaches 61

Cisco Security

JULY 11, 2022

From extortion to data breaches, ransomware is always evolving, and is becoming very lucrative with Ransomware-as-a-service kit making it easier to target organizations. In today’s climate of ever-increasing sophisticated cyber threats this won’t cut it. Sign up for a 30 day free trial and test drive a demo account.

Ransomware 145

Ransomware Education Cyber Insurance Insurance 145

eSecurity Planet

AUGUST 9, 2022

GDPR, the EU’s flagship data privacy and “right to be forgotten” regulation, has made the stakes of a data breach higher than ever. Healthcare Data Privacy Laws. Health data and patient data in the U.S. The post Security Compliance & Data Privacy Regulations appeared first on eSecurityPlanet.

Data privacy 145

Data privacy Encryption Data breaches Insurance 145

Digital Shadows

OCTOBER 14, 2024

Major developments this quarter include “Play” transitioning from double-extortion tactics to targeting ESXi environments and the cybersecurity firm Fortinet experiencing a data breach in which 440GB of customer data was compromised. However, some cyber insurance policies explicitly forbid ransom payments.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

SecureWorld News

NOVEMBER 22, 2021

In a BEC incident, you're almost certainly going to be handling a combination of: • wire transfers or other financial losses; • compromised sensitive information, such as employee or customer data; • potential email server and data breaches of unknown size; and • branding and reputation issues. BEC-IRP Section 2: Identification.

Scams 98

Scams Cybercrime Accountability Banking 98

SC Magazine

JULY 2, 2021

An exterior view of the Anthem Health Insurance headquarters. About 80 million company records were accessed in one of the largest health care data breaches. Accordingly, you can expect to continue to see providers give fairly vague breach notifications.” ” A history of falling short.

Insurance 88

Insurance Cyber Insurance Data breaches Media 88

Malwarebytes

SEPTEMBER 30, 2022

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. Baltimore learned this the hard way. (An

Government 69

Government Cybersecurity Cyber Insurance Insurance 69

Hacker's King

OCTOBER 10, 2024

This proactive approach is highly valued in industries where data breaches could be catastrophic. Cyber Insurance Partnerships Cyber insurance is becoming a must-have for businesses worldwide. YOU MAY ALSO WANT TO READ ABOUT: How to use Toutatis to extract information from Instagram accounts

Cybersecurity 52

Cybersecurity Cyber Insurance Insurance Penetration Testing 52

SC Magazine

MAY 28, 2021

Colonial Pipeline also heightened discussion about the influence of ransomware attacks on cyber insurance. Even before the incident, some insurers dropped coverage for ransomware payments, while others began to ratchet up cybersecurity standards for coverage in an effort to prevent an attack. .

Insurance 117

Insurance Ransomware Government Risk 117

eSecurity Planet

MARCH 17, 2023

It also helps organizations to organize and assess data for vulnerabilities and determine an appropriate response plan in the case of a data breach. In worst-case scenarios, these firms should cover your business if you’re impacted by a data breach that leaks sensitive information and leads to fines and legal fees.

Network Security 122

Network Security Penetration Testing Firewall Software 122

Malwarebytes

JANUARY 15, 2023

There’s no word if any of the schools affected paid the ransom and had their data leaked anyway, or if the ransomware gang stuck to its word and “only” leaked in cases of non-payment. Are you aware of your legal data breach notification responsibilities? Keep your tools in good shape. Stay safe out there!

Ransomware 93

Ransomware Backups Education VPN 93

Centraleyes

JUNE 11, 2024

NIST tags: Protect/Detect Exercise a System Recovery Plan Develop and regularly review a comprehensive system recovery plan to ensure business continuity during system disruptions or data breaches. Encrypt and securely store backups offsite to protect critical data from unauthorized access or tampering.

Risk 52

Risk Cyber Insurance Insurance Authentication 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. It said the criminals often take over victims’ accounts and empty them of funds.

Social Engineering 52

Social Engineering Data breaches Scams DDOS 52

SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. Employing simple best practices like using strong, unique passwords for each account, enabling two-factor authentication, and recognizing phishing attempts can significantly bolster an organization's defense.

Cybersecurity 104

Cybersecurity Backups Cyber threats Software 104

Security Boulevard

JUNE 27, 2022

A total of 94% of identity and security professionals said their identity program had been included as an area of investment in strategic initiatives in the past year related to cloud, Zero Trust, vendor management, digital transformation, and cyber insurance. Data Breach. Lax deprovisioning. Brooke Crothers.

Digital transformation 52

Digital transformation Cyber Insurance Authentication Accountability 52

Centraleyes

DECEMBER 16, 2024

Verizons Data Breach Investigations Report showed that 74% of security breaches involve a human element, with system administrators and developers accounting for most of these errors. Expect to see more investments in privacy-enhancing technologies (PETs) such as encryption, anonymization, and data masking.

Cybersecurity 52

Cybersecurity Insurance Cyber Insurance Risk 52

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

Centraleyes

MAY 6, 2024

Furthermore, “four areas: customer operations, marketing and sales, software engineering, and R&D” account for three-quarters of that value. Because of this, the insurance sector has a great opportunity to boost profitability by implementing artificial intelligence and innovations in its distribution and operational systems.

Insurance 52

Insurance Artificial Intelligence Marketing Cyber Insurance 52

Digital Shadows

NOVEMBER 26, 2024

Key Points Phishing incidents rose during the reporting period (August 1 to October 31, 2024), accounting for 46% of all customer incidents. Cloud services alerts increased by 20% due to rising cloud account usage, while malicious file alerts in phishing attacks remain high, exploiting users’ tendencies to open files.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

Centraleyes

DECEMBER 19, 2024

They represent a necessary evolution, as inconsistent practices and limited oversight have left gaps that ransomware attacks and data breaches continue to exploit nationwide. What Are the Implications for Cyber Insurance?

Healthcare 52

Healthcare Cybersecurity Penetration Testing CISO 52

Security Boulevard

JANUARY 18, 2024

This demand leads to the development of cybersecurity predictions which must take into account underlying drivers of the attackers, defenders, and technology where the battles will play out. Recovery from supply chain attacks will cost 3x-5x more as compared to data breaches. In 2024: 1.

Risk 115

Risk Cybersecurity CISO Technology 115

Spinone

OCTOBER 13, 2020

In IBM’s Cost of a Data Breach Report 2019 cited the following: Lost business is the biggest contributor to data breach costs The average cost of lost business in 2019 was $1.42 In fact, one report shows that business email compromises are 23% of cyber insurance claims.

Ransomware 52

Ransomware Backups Data breaches Encryption 52

eSecurity Planet

JANUARY 11, 2022

Deduce is an identity-focused cybersecurity startup with two core solutions: Customer Alerts for protecting users and their data from account takeover and compromise, and Identity Insights for validating legitimate users and stopping fraud. Privafy aims to serve a valuable corner of the market – securing data-in-motion.

Cybersecurity 142

Cybersecurity Threat Detection Artificial Intelligence Risk 142