SC Magazine

MAY 24, 2021

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

Cyber Insurance 94

Cyber Insurance Insurance Marketing Cyber Risk 94

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 number one type of cyber incident so far this year is ransomware.

Cyber Insurance 64

Cyber Insurance Insurance Ransomware Cyber Attacks 64

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. As cyber criminals mature and advance their tactics, small and medium businesses become the most vulnerable because they lack the capacity – staff, technology, budget - to build strong cyber defenses. The necessity for cyber-insurance coverage.

Cyber Insurance 77

Cyber Insurance Insurance Cyber Risk Cyber Attacks 77

Security Affairs

OCTOBER 20, 2024

CISA adds Fortinet products and Ivanti CSA bugs to its Known Exploited Vulnerabilities catalog Nation-state actor exploited three Ivanti CSA zero-days Dutch police dismantled dual dark web market ‘Bohemia/Cannabia’ macOS HM Surf flaw in TCC allows bypass Safari privacy settings Iran-linked actors target critical infrastructure organizations (..)

Data breaches 115

Data breaches Cybercrime Cyber Insurance Marketing 115

eSecurity Planet

JULY 12, 2022

The first signs of the ransomware attack at data storage vendor Spectra Logic were reports from a number of IT staffers about little things going wrong at the beginning of the day. Screens then started to display a ransom demand, which said files had been encrypted by the NetWalker ransomware virus. Cyber Insurer Provides Help.

Ransomware 144

Ransomware Cyber Insurance Backups Insurance 144

SecureWorld News

MAY 26, 2021

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year. cyber insurance market.

Cyber Insurance 70

Cyber Insurance Insurance Cyber Risk Marketing 70

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.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

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. Ransomware Still Reigns Supreme Ransomware attacks continue to plague organizations globally, and 2024 will be no different.

Cybersecurity 98

Cybersecurity Insurance Cyber Insurance Technology 98

Security Affairs

DECEMBER 2, 2020

was hit by Ryuk ransomware in the middle of November and now has paid a ransom to avoid data leak. has paid a ransom to the ransomware operators after the gang infected its systems in November. They also state that most major systems, including payroll, accounting, and enrollment systems, were unaffected. “K12 Inc.

Education 145

Education Cyber Insurance Insurance Ransomware 145

eSecurity Planet

OCTOBER 5, 2021

Spending money you hadn’t budgeted to hire experts to clean up an unexpected mess is at the bottom of every manager’s wish list, but in the case of a cyber attack as damaging as ransomware , turning incident response over to a pro may be the best thing you can do. Minimize downtime. Lack of expertise. Reduce liability.

Ransomware 139

Ransomware Insurance Cyber Insurance Healthcare 139

Cisco Security

JULY 11, 2022

No, Ransomware attacks are not random. 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. 67 individual ransomware attacks on schools and colleges–a 19 percent decrease from 2020 (83) . What happened:

Ransomware 145

Ransomware Education Cyber Insurance Insurance 145

Malwarebytes

NOVEMBER 15, 2023

This article is based on research by Marcelo Rivero, Malwarebytes’ ransomware specialist, who monitors information published by ransomware gangs on their Dark Web sites. This provides the best overall picture of ransomware activity, but the true number of attacks is far higher.

Ransomware 118

Ransomware Education Backups Cyber Insurance 118

Malwarebytes

NOVEMBER 1, 2021

Ransomware attacks, despite dramatically increasing in frequency this summer , remain opaque for many potential victims. It isn’t anyone’s fault, necessarily, since news articles about ransomware attacks often focus on the attack, the suspected threat actors, the ransomware type, and, well, not much else.

Ransomware 133

Ransomware Backups System Administration Cyber Insurance 133

Digital Shadows

JANUARY 14, 2025

Key Findings The last quarter of 2024 proved to be a pivotal period for ransomware activity, marked by emerging threats and unexpected shifts among established groups. Ransomware Activity Hits All-Time High in December Ransomware attacks have been climbing steadily over the past few years, despite some temporary dips along the way.

Ransomware 126

Ransomware Social Engineering Phishing VPN 126

SC Magazine

APRIL 23, 2021

Today’s columnist, Tom Richards of GroupSense, writes that the FBI reported a 400% increase in ransomware attacks during the height of the pandemic. And, because of this, cyber insurance companies using these scores rely on an inaccurate assessment of target-company risk. Does it truly reflect the security of the company?

Cyber Insurance 61

Cyber Insurance Insurance Risk Cyber Risk 61

CyberSecurity Insiders

JUNE 22, 2023

Instead, the ransom pay can be covered from a cyber insurance policy, provided it is taken prior to the launch of the attack and covers the costs associated with the malware attack. Notify your bank: Inform your bank about the situation and work with them to protect your accounts and prevent any fraudulent activity.

Ransomware 96

Ransomware Banking Cyber Insurance Insurance 96

Digital Shadows

OCTOBER 14, 2024

Key Points Ransomware activity grew by 2.3% In the short term, we expect a gradual increase in ransomware incidents, peaking by Q4 2024. In the long term, we anticipate a greater use of large language models (LLMs) in ransomware negotiations and a rise in exfiltration-only attacks. lower than in Q3 2023. compared to Q3 2023.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

CyberSecurity Insiders

OCTOBER 20, 2021

Okumu lived through the ransomware attack on the City of Baltimore in 2018, which affected 90% of the municipality’s applications. As the then-director of IT infrastructure for the city, he learned a lot of valuable lessons about defending against and recovering from a ransomware attack. It had started sometime between 4 a.m.

Ransomware 111

Ransomware Backups Insurance Cyber Insurance 111

eSecurity Planet

FEBRUARY 16, 2021

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. A ransomware attack is about as bad as a cyber attack can get. Jump to: What is ransomware? How ransomware works. Preventing ransomware. Ransomware attacks and costs.

Ransomware 97

Ransomware Backups Software Encryption 97

Security Boulevard

JUNE 2, 2022

Ransomware attacks increased by yet another 80% between February 2021 and March 2022, based on an analysis of ransomware payloads seen across the Zscaler cloud. Supply chain attacks, ransomware-as-a-service ecosystems, and multi-extortion tactics have all increased the volume and success rates of attacks. PYSA/Mespinoza.

Ransomware 105

Ransomware Architecture Manufacturing Encryption 105

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

Malwarebytes

DECEMBER 20, 2022

H-Hotels, a large hospitality chain with 60 hotels across several countries including Germany and Switzerland has announced it has fallen victim to a ransomware attack. The incident, which took place on December 11, is allegedly a double whammy of hijacked devices and data theft…if a ransomware group is telling the truth.

Ransomware 96

Ransomware Backups Cyber Insurance Encryption 96

Malwarebytes

JUNE 14, 2021

In what could be a called “shocking news” on Friday, BleepingComputer revealed that the gang behind the Avaddon ransomware shut down its operations after releasing more than 2,000 decryption keys to the technology news site. which came directly from the Avaddon ransomware group. Avaddon ransomware attack victims.

Ransomware 88

Ransomware Insurance DDOS Healthcare 88

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

Security Affairs

FEBRUARY 8, 2024

Ransomware Attacks: In 2023, a whopping 72.7% of organizations faced ransomware. Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Conclusion The cyber security stats we’ve covered highlight how important it is to protect ourselves online. million per breach.

Social Engineering 141

Social Engineering Cyber Attacks Cyber Insurance IoT 141

Malwarebytes

JANUARY 15, 2023

The real world impact of cybercrime rears its head once more, with word that 14 schools in the UK have been caught out by ransomware. 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.

Ransomware 93

Ransomware Backups Education VPN 93

SC Magazine

FEBRUARY 8, 2021

The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. Propelled by the surge of cyber incidents and ransomware attacks, businesses and insurance providers are rethinking and redefining how they engage each other, said Trent Cooksley, chief operation officer at Cowbell Cyber. “In

Insurance 126

Insurance Cybersecurity Cyber Insurance Government 126

BH Consulting

JULY 17, 2024

One of the largest tech companies, Amazon Web Services, has now made it mandatory for privileged accounts. Security Week reported that Mandiant’s investigation traced the incident back to stolen credentials and found that targeted accounts weren’t using MFA. MFA is seen as a critical control in reducing the risk of account takeovers.

Cyber Insurance 69

Cyber Insurance Insurance Risk Marketing 69

Malwarebytes

MAY 2, 2022

Hospitals taken offline after cyberattack Emotet fixes bug in code, resumes spam campaign “Reject All” cookie consent button is coming to European Google Search and YouTube What’s happening in the world of personal cyber insurance? URGENT BUSINESS PROPOSAL!!!” Critical patches for Chrome and Edge.

Cyber Insurance 79

Cyber Insurance Insurance Cryptocurrency Scams 79

Security Boulevard

FEBRUARY 2, 2023

Many organizations are struggling today with aligning their security controls with what underwriters now require in order to get insurance coverage against ransomware attacks. The post <strong>Need an Insurance Policy Against Ransomware Attacks? The post Need an Insurance Policy Against Ransomware Attacks?

Insurance 98

Insurance Ransomware Cyber Insurance Accountability 98

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

Duo's Security Blog

OCTOBER 18, 2021

Cyber Liability Insurance Invests in MFA Multi-factor authentication has been around longer than most current college students have been alive, but when it comes to strong authentication modern MFA changed the game. MFA is core to implementing a zero trust stance to protect your campus. Higher education campuses in the U.S.

Insurance 97

Insurance Education Risk Cyber Insurance 97

Thales Cloud Protection & Licensing

AUGUST 11, 2021

No Soup For You, Ransomware! Ransomware campaigns such as WannaCry and Petya attacks made this malware type a top threat to all organizations worldwide. Cyber crooks are getting more sophisticated and IT professionals have tough times struggling to detect and block malicious interventions at early stages.

Ransomware 71

Ransomware Insurance Encryption Cyber Insurance 71

Security Boulevard

AUGUST 22, 2022

Even with ransomware costing billions of dollars in losses and cyber insurance claims, organizations are still impacted beyond the checkbook. These attacks have driven the cost of cyber insurance premiums higher. Cyber insurance has become more critical to organizations to help offset the risk to the company.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance Risk 98

Security Boulevard

JULY 30, 2022

In that case, they may upload fake documents that tell employees to transfer money from their accounts into the criminals’ accounts or compromise their security even more. While enforcement of FERPA is left to the department of education, there is some sense of data accountability and disclosure of events.

Cyber Attacks 110

Cyber Attacks Artificial Intelligence Education Cyber Insurance 110

eSecurity Planet

JULY 8, 2022

Ransomware has now emerged as one of the key reasons to have a DR plan and DR technology in place. Disaster Recovery and Ransomware. In the event of ransomware, the enterprise needs to have access to an uncorrupted copy of its data, so it can refuse to submit to cyber criminals’ demands.

Backups 142

Backups Ransomware Technology Marketing 142

NetSpi Executives

APRIL 27, 2024

Table of Contents What is ransomware? Ransomware trends Ransomware prevention Ransomware detection Ransomware simulation Ransomware security terms How NetSPI can help What is ransomware? Ransomware adversaries hold the data hostage until a victim pays the ransom. How does ransomware work?

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52