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

SC Magazine

FEBRUARY 8, 2021

Every time a driver buckles up or an airbag is deployed we see the powerful influence of the insurance companies who insisted those measures become mandatory. Now, those insurers are poised to drive cybersecurity investment by insisting that organizations meet certain criteria to qualify for coverage. A maturing model.

Insurance 126

Insurance Cyber Insurance Cybersecurity Government 126

SC Magazine

MAY 19, 2021

The development of cybersecurity insurance has played an important role in determining how companies prepare for and respond to ransomware attacks and the resulting fallout. That in itself has evolved, as insurers and insured learn just how expensive that fallout can be. The ransomware reality check for insurers.

Cyber Insurance 102

Cyber Insurance Insurance Marketing Ransomware 102

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 77

Insurance Education Risk Cyber Insurance 77

SecureWorld News

JANUARY 31, 2024

Cyber risk is an existential issue for companies of all sizes and in all industries. However, it also exposes companies to additional layers of risk. While this is standard practice for addressing liability within the universe of real estate, deliberate and precise actions are required when negotiating cyber insurance coverage.

Risk 85

Risk Cyber Insurance Insurance Data breaches 85

SC Magazine

APRIL 23, 2021

For example, they’re used in boardrooms as “eye candy” to portray the state of company cyber-risk, with supply chain partners to manage third-party risk and, even more frightening, by insurance companies to create risk profiles for cyber-insurance policies. Usually not.

Cyber Insurance 61

Cyber Insurance Insurance Risk Cyber Risk 61

The Security Ledger

JUNE 24, 2021

In just the past four months, the United States has contended with a major escalation of cyber risk in critical infrastructure with two, major attacks that disrupted critical sectors. Episode 158: How NotPetya has Insurers grappling with Systemic Cyber Risk. The repercussions of those attacks were easy to see.

Cyber Risk 52

Cyber Risk Risk Cyber Attacks Ransomware 52

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.

Cyber Insurance 254

Cyber Insurance Insurance Government Cyber Risk 254

The Last Watchdog

JANUARY 30, 2019

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Cyber Risk 147

Cyber Risk Risk Financial Services Banking 147

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

The Security Ledger

SEPTEMBER 11, 2019

Third party cyber risk is growing. In this Spotlight Podcast, a companion to our new eBook, Rethinking Third Party Cyber Risk Management, we go deep on the topic of building a mature third party cyber risk program with Dave Stapleton the Director of Assessment. Third party cyber risk is growing.

Cyber Risk 40

Cyber Risk Risk Data privacy Insurance 40

Security Affairs

NOVEMBER 14, 2022

The size of the cyber risk to companies cannot be underestimated. To indicate the size of the cyber risk to companies, there is, on average, a cyber-attack every 39 seconds, which does not mean that every attack is successful, but that there is an attempt to access companies’ computer systems with that frequency.

Cyber Risk 143

Cyber Risk Insurance Cyber Attacks Risk 143

SC Magazine

JULY 13, 2021

Malicious cyberattacks caused the majority of these security incidents, accounting for 73% of all breaches. Unauthorized access or disclosure accounted for another 22%, and the remaining 5% were caused by smaller thefts, losses, or improper disposals. More than 22.8 Another 20.7% were attributed to extortion.

Data breaches 113

Data breaches Insurance Healthcare Education 113

CyberSecurity Insiders

MARCH 25, 2021

Department for Digital, Culture, Media and Sport (DCMS) of UK conducted the survey and came to the above stated conclusion that shows how relaxed are businesses for cyber security. And sometimes cyber criminals are using email services to trick employees into making fraudulently large financial transfers via new business deals or contracts.

Cyber threats 128

Cyber threats Cyber Insurance Insurance Cyber Risk 128

SecureWorld News

NOVEMBER 30, 2021

M&A cyber risk is real. The information accessed includes full names, credit and debit card numbers with CCV, financial account numbers, and platform account numbers. What kind of cyber risks are lurking in the organizations you are acquiring or merging with? What it did not know at the time?

Data breaches 83

Data breaches Insurance Cyber Risk Risk 83

Joseph Steinberg

APRIL 20, 2021

Hospitals, medical clinics, labs, pharmacies, insurance companies, and others involved in the vaccination process often require people who want to be vaccinated to share large amounts of both medical and demographic data in order to register for vaccine appointments.

Healthcare 233

Healthcare Insurance Computers and Electronics Data collection 233

Centraleyes

SEPTEMBER 1, 2024

They emphasize regulatory risks and compliance requirements. Cyber Risk Register Template Cyber risk templates, or information security risk register templates focus on managing risks related to information security and cyber threats, helping organizations protect digital assets and respond effectively to incidents.

Risk 52

Risk Cyber Risk DDOS Data breaches 52

SecureWorld News

APRIL 29, 2024

If there is a silver lining, it is likely the data exposed to advertisers such as Microsoft and Google does not include usernames, passwords, Social Security numbers (SSNs), financial account information, or credit card numbers. Protecting your information online starts with good cyber hygiene.

Data breaches 87

Data breaches Healthcare Identity Theft Advertising 87

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 CISO 98

The Last Watchdog

DECEMBER 5, 2018

The compromised databases included names, addresses, dates of birth, insurance policy details, medical record numbers, account balances and dates of service — of both guarantors and patients. The fact that this incident is being labeled “the Atrium breach” in the media also shows where the reputational risk lies.

Data breaches 153

Data breaches Healthcare Insurance Risk 153

SecureWorld News

OCTOBER 11, 2023

Before that, I worked as a full-time CISO for an insurance company for seven years. And there's a lot of downsides to hitting this easy button: excessive cyber risk acceptance; excessive contract risk acceptance; paying for a stream of point solutions that overlap each other and also leave gaps in coverage; etc.

Insurance 91

Insurance Passwords CISO Cybersecurity 91

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 Government Ransomware Risk 117

BH Consulting

JANUARY 11, 2022

We begin with a look at a contentious topic: cyber risk insurance. The blog was inspired by the growing number of organisations coming under pressure to take out insurance cover. Risk vs reward. There is an argument that cybersecurity insurance is useful because it makes people think of business risk, not just IT.

Cybersecurity 59

Cybersecurity Insurance Scams Cyber Risk 59

NetSpi Executives

OCTOBER 17, 2023

This includes the provision of post-market updates and patches, addressing known unacceptable vulnerabilities on a reasonable schedule and addressing critical vulnerabilities that could pose uncontrolled risks as soon as they are discovered. They task the Government Accountability Office (GAO) with preparing reports and conducting reviews.

Healthcare 94

Healthcare Manufacturing Cyber Risk Cybersecurity 94

The Security Ledger

JULY 22, 2020

In this Spotlight podcast* we’re joined by Andrew Jaquith, the CISO at QOMPLX to talk about how the COVID pandemic is highlighting longstanding problems with cyber risk management and cyber resilience. Andy is an amazing resource on all matters cyber security. Read the whole entry. » New Tech Meets Old Tools.

CISO 52

CISO Cyber Risk Ransomware Risk 52

The Last Watchdog

JULY 13, 2023

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

Cyber Risk 189

Cyber Risk Risk Insurance Energy and Utilities 189

The Last Watchdog

DECEMBER 12, 2023

Related: Adopting an assume-breach mindset With that in mind, Last Watchdog invited the cybersecurity experts we’ve worked with this past year for their perspectives on two questions that all company leaders should have top of mind: •What should be my biggest takeaway from 2023, with respect to mitigating cyber risks at my organization?

Cybersecurity 258

Cybersecurity Social Engineering Cyber threats Software 258

The Last Watchdog

FEBRUARY 25, 2019

A separate set of startups soon cropped up specifically to handle the provisioning of log on accounts that gave access to multiple systems, and also the de-provisioning of those accounts when a user left the company. Governance and attestation quickly became a very big deal.

Government 169

Government Authentication Technology Data breaches 169

SecureWorld News

JULY 31, 2023

If you are a CISO today who is not getting face time with the board, look at this as an opportunity to continue to press for the need to discuss the current state and cyber risks currently being faced by the company. What about providing D&O (directors and officers liability) insurance to CISOs? That's not addressed either."

CISO 87

CISO InfoSec Risk Cybersecurity 87

Centraleyes

NOVEMBER 5, 2023

HIPAA, or the Health Insurance Portability and Accountability Act of 1996, is a federal law, whereas HITRUST is a comprehensive control framework. ” HIPAA: An Overview HIPAA, short for the Health Insurance Portability and Accountability Act, is a pivotal U.S. Access data-rich insights and reporting tools.

Healthcare 52

Healthcare Risk Insurance Penetration Testing 52

SecureWorld News

AUGUST 23, 2023

For a solid rundown of what the updates mean, check out this SecureWorld article from Kip Boyle , vCISO, Cyber Risk Opportunities LLC. The new NIST framework takes those challenges into account, but as always, it comes down to the humans to adhere to these guiding principles. 19, Detroit on Sept.

Cybersecurity 77

Cybersecurity CISO Government Risk 77

Centraleyes

APRIL 1, 2024

Regulators are placing greater emphasis on the extended enterprise, holding organizations accountable for the actions of their suppliers and vendors. Integrating VRM into GRC practices is essential for ensuring regulatory compliance and mitigating risks in today’s interconnected business environment.

Risk 52

Risk Government Artificial Intelligence Software 52

eSecurity Planet

MARCH 17, 2023

They make it possible to securely share credentials with other users in the organization, help you generate stronger passwords, offer account recovery options, and alert administrators if unusual behavior is detected.

Network Security 120

Network Security Penetration Testing Firewall Software 120

SC Magazine

JULY 9, 2021

For instance, “as the CISO for the City of San Diego, there were times the state of California would recommend that municipalities follow certain security best practices, like using CIS20 as a baseline framework to manage risk. ” Still, even if the U.S. This organization seized 64 of the 75 bitcoin ransom paid by a U.S.

CISO 80

CISO Government Cryptocurrency Ransomware 80

Spinone

DECEMBER 26, 2018

It is vital for any enterprise landscape to ensure viable, open, and reliable corporate communications – fostering innovation and economic prosperity, with respect to safeguarding against disruption and serious cyber risk perception. What are the benefits of cyber security awareness trainings?

Security Awareness 40

Security Awareness Risk Cyber threats Cyber Risk 40

Centraleyes

JANUARY 14, 2024

However, every partnership you make introduces a degree of risk that must be accounted for. Examples include: Privacy concerns Digital security Business continuity Regulatory compliance Physical security Risk is a hot topic in the business sector. Centraleyes’s risk management platform revolutionizes Vendor Risk Management.

Risk 52

Risk Cybersecurity Government Insurance 52

Thales Cloud Protection & Licensing

JUNE 15, 2023

Reduce business threats Key Management as a Service can help organizations reduce cyber risks and address various threats to business and data security. With a KMaaS solution, organizations can reduce the key management complexity, improve data security, and ensure compliance with industry regulations. How Does KMaaS Work?

Encryption 133

Encryption Data breaches Authentication Risk 133