Adam Levin

DECEMBER 8, 2020

The personal information of thousands of Israeli citizens has been compromised as the result of a cyberattack on Shirbit, a leading insurance company. . Twitter has since suspended BlackShadow’s account. . The post Major Israeli Insurance Company Hacked appeared first on Adam Levin.

Insurance 130

Insurance Hacking Marketing Government 130

eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. For that reason, most experts now recognize that a complete cybersecurity strategy not only includes technological solutions aimed at preventing, detecting, and mitigating attacks, it should also include cyber insurance to help manage the associated financial risks. That’s a 29.1%

Cyber Insurance 119

Cyber Insurance Insurance Marketing Small Business 119

Security Boulevard

FEBRUARY 23, 2022

He provided his name, address, Social Security number, a copy of his Alabama driver’s license and a personal check from his account to Dillon Gage, a gold. The post Insurance Won’t Pay for Identity Fraud Losses appeared first on Security Boulevard.

Insurance 138

Insurance Accountability Identity Theft Cybercrime 138

Security Affairs

APRIL 23, 2023

Non-profit health insurer Point32Health suffered a ransomware attack and has taken systems offline in response to the incident. Non-profit health insurer Point32Health has taken systems offline in response to a ransomware attack that took place on April 17. ” reads the statement published by the insurer.

Insurance 98

Insurance Ransomware Education Accountability 98

CyberSecurity Insiders

JULY 12, 2022

A Ransomware called BazarCall seems to target Insurance agents and clients and so Insurance specialist CFC has issued a warning to the companies into similar business and operating across the globe to step-up their defense-line against malware attacks, by proactively taking adequate measures.

Insurance 106

Insurance Ransomware Backups Malware 106

Krebs on Security

OCTOBER 30, 2024

“Affected insurance providers can contact us to prevent leaking of their own data and [remove it] from the sale,” RansomHub’s victim shaming blog announced on April 16. According to the HIPAA Journal, the biggest penalty imposed to date for a HIPPA violation was the paltry $16 million fine against the insurer Anthem Inc.

Healthcare 266

Healthcare Insurance Computers and Electronics Data breaches 266

Security Boulevard

MAY 21, 2021

Just a week after announcing it would no longer cover ransomware payments in France, global insurance company AXA has been hit with a targeted ransomware attack. The data include customer medical reports, claims, payments, bank account info, ID cards, passports, and more. .

Insurance 138

Insurance Ransomware DDOS Banking 138

The Last Watchdog

AUGUST 24, 2020

Purchasing life insurance once meant going to an insurer’s office or booking an appointment with an insurance agent. Today’s generation is used to getting everything done fast and easy, so life insurance providers had to get with the times and cover all customers’ needs and requirements.

Insurance 190

Insurance Internet Internet Accountability 190

Krebs on Security

MAY 24, 2019

The Web site for Fortune 500 real estate title insurance giant First American Financial Corp. based First American is a leading provider of title insurance and settlement services to the real estate and mortgage industries. First American Financial Corp. Image: Linkedin. Santa Ana, Calif.-based billion in 2018.

Insurance 279

Insurance Banking Identity Theft Scams 279

Malwarebytes

APRIL 29, 2024

Health insurance giant Kaiser has announced it will notify millions of patients about a data breach after sharing patients’ data with advertisers. A spokesperson said that Kaiser intends to begin notifying the affected current and former members and patients who accessed its websites and mobile apps in May.

Advertising 101

Advertising Insurance Mobile Data breaches 101

Security Boulevard

SEPTEMBER 5, 2024

This specific folder is under the ownership of a compromised account belonging to a regional government organization in Colombia. This ZIP archive is hosted on a Google Drive folder, which is associated with a compromised Gmail account owned by a government organization with a ".gov.co" gov.co" top-level domain.

Insurance 87

Insurance Phishing Banking Encryption 87

Security Boulevard

AUGUST 20, 2021

Cyber insurance is driving a long overdue improvement in user access security. Multi-factor authentication (MFA) is fast becoming a requirement for all privilege and non-privilege accounts, whether users are working on the internal network or remotely. It seems insurers … Continued.

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Insurance Cyber Insurance Authentication Network Security 116

CSO Magazine

MAY 5, 2023

Pharmaceutical firm Merck recently won an appeal that could mean its insurers will have to pay up on a $1.4-billion As detailed in the judges’ decision, many of the original defendants settled their portion of the insurance claim with Merck. billion judgment related to the NotPetya cyberattack in 2017.

Cyber Insurance 77

Cyber Insurance Insurance Accountability 77

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.

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Insurance Cyber Insurance Data breaches Social Engineering 99

eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

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Cyber Insurance Insurance Cyber Attacks Ransomware 128

Cisco Security

SEPTEMBER 28, 2022

Lloyds of London have recently published a Market Bulletin 1 addressing the wording of cyber insurance policies to exclude losses arising from: “ state backed cyber-attacks that (a) significantly impair the ability of a state to function or (b) that significantly impair the security capabilities of a state. ”. Lloyd’s Market Bulletin, Y5381.

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Cyber Insurance Insurance CISO Cyber Attacks 109

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

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.

Cyber Insurance 87

Cyber Insurance Insurance Data breaches Phishing 87

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.

Cyber Insurance 77

Cyber Insurance Insurance Cyber Risk Cyber Attacks 77

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.

Cyber Insurance 100

Cyber Insurance Insurance Risk Technology 100

SC Magazine

JUNE 28, 2021

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. Growing losses from ransomware attacks have…emphasized that the current reality is not sustainable for insurers either.

Cyber Insurance 136

Cyber Insurance Insurance Ransomware Marketing 136

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

Cytelligence

OCTOBER 18, 2023

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. They serve as a virtual key to access important systems, accounts, and confidential information.

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Cyber Insurance Insurance Passwords Cyber Attacks 64

CyberSecurity Insiders

JANUARY 19, 2022

There are more online stores and services available than ever, and you are able to shop for almost anything online whether it's groceries or insurance. In particular, insurance companies are tempting targets for cybercriminals as they hold personal and financial information for numerous clients. The vocabulary of cybersecurity.

Insurance 99

Insurance Cybercrime Cybersecurity Phishing 99

Malwarebytes

AUGUST 20, 2024

million Texans’ private driving data to insurance companies without their knowledge or consent. We will hold them accountable.” After buying a license from GM, an insurer could access the driving scores of over 16 million customers. The court filing provides some more detail.

Insurance 88

Insurance Accountability Data collection Surveillance 88

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

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

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 and the results are in.

Cyber Insurance 58

Cyber Insurance Insurance Cyber Risk Marketing 58

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

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

CyberSecurity Insiders

MAY 26, 2021

The objective is to reassess the coverage provided by the Federal Cyber Terrorism Risk Insurance Program( TRIP) in the event of cyber-terrorist activities on the IT infrastructure hosted by public and private properties. The post Congress to review Federal Cyber Terrorism Risk Insurance Program appeared first on Cybersecurity Insiders.

Insurance 78

Insurance Risk Cyber Insurance Cyber Attacks 78

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

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.

Antivirus 104

Antivirus Insurance Ransomware Healthcare 104

Security Boulevard

JANUARY 19, 2022

Our customers often ask us for help addressing the requirements of insurers. The post How ThreatX Can Help Address Cyber Insurance Critical Controls appeared first on ThreatX. The post How ThreatX Can Help Address Cyber Insurance Critical Controls appeared first on ThreatX.

Cyber Insurance 52

Cyber Insurance Insurance Accountability 52

CyberSecurity Insiders

MAY 19, 2021

AXA, a French Multinational Insurance Company was reportedly hit by Avaddon Ransomware Gang last week halting IT operations in its offices located in the Philippines, Hong Kong, Malaysia, and Thailand. . . The post Avaddon ransomware gang targets AXA Insurance appeared first on Cybersecurity Insiders.

Insurance 64

Insurance Ransomware Banking Encryption 64

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

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