CSO Magazine

APRIL 20, 2023

Cyber insurance provider At-Bay has announced the launch of a new InsurSec solution to help small-to-mid sized businesses (SMBs) improve their security and risk management postures through their insurance policy. The emergence of InsurSec technology reflects a cyber insurance landscape that has seen significant change recently.

Cyber Insurance 105

Cyber Insurance Insurance Risk CISO 105

CSO Magazine

MAY 11, 2022

It’s that time that I fill out the annual cyber insurance policy application. Each year it gives me an insight into what insurance vendors are using to rate the risks and threats to our business and what they are stressing I should have as best practices. To read this article in full, please click here

Cyber Insurance 98

Cyber Insurance Insurance Ransomware Authentication 98

Graham Cluley

FEBRUARY 22, 2023

A ransomware outfit is advising its victims to secretly tell them how much insurance they have, so their extortion demands will be met. Read more in my article on the Tripwire State of Security blog.

Insurance 118

Insurance Cyber Insurance Ransomware Malware 118

CSO Magazine

JANUARY 13, 2023

The Royal ransomware group is believed to be actively exploiting a critical security flaw affecting Citrix systems, according to the cyber research team at cyber insurance provider At-Bay. To read this article in full, please click here

Cyber Insurance 129

Cyber Insurance Ransomware Insurance Authentication 129

Malwarebytes

APRIL 27, 2022

You’ve likely only seen cybercrime insurance primarily mentioned in relation to attacks on businesses. Most commonly, it’s cited with regard to ransomware attacks in the workplace, or associated data loss. Some folks think the mere presence of insurance simply encourages more attacks , and is hurting more than it’s helping.

Cyber Insurance 91

Cyber Insurance Insurance Backups Cryptocurrency 91

CSO Magazine

MARCH 22, 2022

Unfortunately with the growth in Ransomware as a Service (RaaS) and the breadth of the cybercrime ecosystem , the challenge is not going away anytime soon. To read this article in full, please click here

Cyber Insurance 83

Cyber Insurance Insurance Cybercrime Ransomware 83

The State of Security

JUNE 13, 2022

Sophos Labs recently released its annual global study, State of Ransomware 2022, which covers real-world ransomware experiences in 2021, their financial and operational impact on organizations, as well as the role of cyber insurance in cyber defense.

Ransomware 134

Ransomware Cyber Insurance Insurance Malware 134

Security Affairs

OCTOBER 20, 2024

Every week the best security articles from Security Affairs are free in your email box. A new round of the weekly SecurityAffairs newsletter arrived! Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press.

Data breaches 116

Data breaches Cybercrime Cyber Insurance Marketing 116

CSO Magazine

FEBRUARY 22, 2021

On February 4, 2021, New York became the first state in the nation to issue a cybersecurity insurance risk framework to all authorized property and casualty insurers. To read this article in full, please click here Get the latest from CSO by signing up for our newsletters. ].

Insurance 106

Insurance Cyber Insurance CSO Ransomware 106

CSO Magazine

MAY 15, 2023

Companies with cyber insurance are more likely to get hit by ransomware, more likely to be attacked multiple times, and more likely to pay ransoms, according to a recent survey of IT decision makers. To read this article in full, please click here

Insurance 123

Insurance Cyber Insurance Ransomware Encryption 123

Security Boulevard

FEBRUARY 24, 2021

Since the early 2000s, many companies have purchased cyber insurance to protect them when data is stolen, networks are breached, regulatory agencies levy fines, or other related incidents occur. In recent years, cyber insurance is also used to protect against increasingly popular ransomware events.

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Insurance Cyber Insurance Ransomware 96

Joseph Steinberg

AUGUST 5, 2021

(I co-wrote this article with Mark Lynd , CISSP, ISSAP & ISSMP, Head of Digital Business at NETSYNC.). Likewise, cyber insurance policies for individuals are starting to appear in the marketplace. Be sure and understand any and all policy limits and exclusions, as most cyber-liability insurance policies have both. •

Insurance 258

Insurance Cyber Insurance Artificial Intelligence Ransomware 258

CSO Magazine

MARCH 17, 2022

There's one surefire way to end ransomware once and for all: Stop paying. If every organization that suffered a ransomware attack refused to pay up, the threats would lose their income stream, and the work would dry up leading to the end of these attacks as we know them. To read this article in full, please click here

Ransomware 113

Ransomware Cyber Insurance Insurance Government 113

Webroot

AUGUST 10, 2021

The issue at the heart of ransomware insurance will be familiar to most parents of young children: rewarding bad behavior only invites more of the same, so it’s generally not a good idea. But critics of the ransomware insurance industry argue that’s exactly what the practice does. So, if U.S.-based

Insurance 131

Insurance Ransomware Cybersecurity Cyber Insurance 131

CyberSecurity Insiders

SEPTEMBER 21, 2021

As soon as we hear or read about a ransomware attack on a company, we are in a state of mind that the business needs to pay only the ransom in order to avoid a loss to its data continuity on a permanent loss. The post Hidden costs incurred after being targeted by ransomware attacks appeared first on Cybersecurity Insiders.

Ransomware 116

Ransomware Cyber Insurance Insurance Cyber Attacks 116

CSO Magazine

NOVEMBER 17, 2022

It’s painfully obvious at this point that ransomware continues to grow in popularity. As Fortinet’s FortiGuard Labs team found, the number of new ransomware variants doubled in just the first half of 2022 compared to the previous six-month period. Cyber insurance can also be a double-edged sword.

Cyber Insurance 91

Cyber Insurance Ransomware Insurance Hacking 91

eSecurity Planet

OCTOBER 5, 2021

First, we prepare a plan for the possibility, then when a ransomware attack occurs we execute the plan. To help, we break down the process into the following steps: How to Prepare for Ransomware. Ransomware Response. Simple Ransomware Recovery. How to Prepare for Ransomware. Ransomware Security.

Ransomware 132

Ransomware Backups Insurance Cyber Insurance 132

Trend Micro

APRIL 14, 2021

With so many vendors in the market, the Marsh initiative has created the Cyber Catalyst to help IT buyers find the right option for them.

Cyber Insurance 101

Cyber Insurance Insurance Marketing Ransomware 101

Security Weekly

JANUARY 12, 2022

The costs of cyber insurance policies are rising exponentially while underwriters are tightening the rules around who qualifies for cyber insurance, and at the same time, insurer capacity is constricting dramatically. The post Ransomware Damage Claims Driving Insurance Hikes appeared first on Security Weekly.

Insurance 89

Insurance Cyber Insurance Ransomware Risk 89

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 129

Ransomware Backups System Administration Cyber Insurance 129

CSO Magazine

JANUARY 24, 2023

CSI), followed by data breaches (23%), ransomware (20%) and a breach at a third party (15%). To read this article in full, please click here It was cited by 29% of respondents in a survey by Computer Systems Inc. It received responses from 228 banking executives, 171 of them at vice-president level or above.

Cyber threats 111

Cyber threats Identity Theft Cyber Insurance Insurance 111

CSO Magazine

JUNE 14, 2023

Finding the right insurance has become a key part of the security equation, which is no surprise given that the average cost of a data breach in the US has risen to $9.44 The global cyber insurance market was valued at $13.33 To read this article in full, please click here billion in 2023 to $84.62 billion by 2030.

Insurance 121

Insurance Data breaches Cyber Insurance Marketing 121

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 113

Ransomware Education Backups Cyber Insurance 113

SecureWorld News

MAY 5, 2023

The City of Dallas, Texas, was forced to shut down police communications and IT systems on Monday morning, May 1, due to a suspected ransomware attack. Subsequently, the City has confirmed that a number of servers have been compromised with ransomware, impacting several functional areas, including the Dallas Police Department Website."

Ransomware 98

Ransomware Cyber Risk Cyber Insurance Social Engineering 98

eSecurity Planet

APRIL 6, 2023

Ransomware is a type of malicious program, or malware, that encrypts files, documents and images on a computer or server so that users cannot access the data. Ransomware is the most feared cybersecurity threat and with good reason: Its ability to cripple organizations by locking their data is a threat like no other.

Ransomware 98

Ransomware Backups Encryption Cybersecurity 98

Security Affairs

FEBRUARY 25, 2024

Every week the best security articles from Security Affairs are free for you in your email box. A new round of the weekly SecurityAffairs newsletter arrived! Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press.

Spyware 129

Spyware Cyber Insurance Hacking Advertising 129

SC Magazine

FEBRUARY 24, 2021

Shaun Murphy (Freddie Highmore) interrupts his girlfriend Lea Dilallo (Paige Spara), the hospital’s IT director, as she investigates a ransomware attack on the health care facility’s network. Of course, boiling down the intricacies of a hospital ransomware incident into an hour-long drama is no easy task. ABC/Jeff Weddell).

Ransomware 94

Ransomware Backups Insurance Cyber Insurance 94

Joseph Steinberg

AUGUST 5, 2021

First-party insurance, therefore, typically covers the costs of actions needed after a data breach, extortion, ransomware attack, or other hacker malfeasance. First-party insurers may also pay ransomware ransoms, for the costs of notifying customers of a data breach, and for lost business during incident-related downtime.

Insurance 141

Insurance Risk Data breaches Artificial Intelligence 141

Security Affairs

APRIL 24, 2022

Every week the best security articles from Security Affairs free for you in your email box. A new round of the weekly Security Affairs newsletter arrived! If you want to also receive for free the newsletter with the international press subscribe here. Patch them now! Patch them now!

Cyber Insurance 100

Cyber Insurance Spyware Firmware Hacking 100

Webroot

SEPTEMBER 7, 2023

The number of ransomware attacks has increased by 18% , while the worldwide volume of phishing attacks doubled to 500 million in 2022. The best way to weather these challenges is to become a cyber resilient business. In this article, we’ll discuss the importance of data security and protection. Cybercrime is on the rise.

Encryption 122

Encryption Cyber Insurance Cybercrime Phishing 122

The Last Watchdog

SEPTEMBER 14, 2018

In March 2018, the city of Atlanta fell victim to a ransomware attack that shut down its computer network. As Ananth explained, the city did two things right: they had cyber insurance and they didn’t pay the ransom. Last Watchdog’s Sue Poremba contributed to this article. Police departments had to handwrite reports.

Government 147

Government Cyber Insurance Digital transformation Hacking 147

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

Malwarebytes

SEPTEMBER 14, 2022

This article focuses on helping to prevent cyberattacks purely through technology; though of course, businesses need a combination of technology, people, and strategy to truly become cyber resilient. Especially ransomware. Read Our Defender's Guide to Ransomware Resilience ! Bonus: Cyber insurance.

Technology 77

Technology DNS Cyber Insurance Insurance 77

Security Boulevard

JUNE 12, 2022

Sophos Labs recently released its annual global study, State of Ransomware 2022, which covers real-world ransomware experiences in 2021, their financial and operational impact on organizations, as well as the role of cyber insurance in cyber defense.

Ransomware 40

Ransomware Cyber Insurance Insurance Malware 40

SecureWorld News

SEPTEMBER 14, 2021

It lists students by name and includes entries for their date of birth, race, Social Security number and gender, as well as whether they’re an immigrant, homeless, marked as economically disadvantaged and if they’ve been flagged as potentially dyslexic,” says an article by NBC.

Cyber Insurance 98

Cyber Insurance Ransomware Insurance Backups 98

SecureWorld News

DECEMBER 29, 2022

We love good "trends in cybersecurity" articles and posts. 5 Trends to Watch for Cybersecurity in 2023 – "From advancements in artificial intelligence (AI) to the continued evolution of ransomware and cyberattacks, the coming year is sure to bring significant developments in the world of cybersecurity.

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Cybersecurity CISO Artificial Intelligence Cyber Insurance 97

Pen Test

OCTOBER 10, 2023

The Surge of Double Extortion Ransomware Attack s Ransomware attacks have become an increasingly severe threat to organizations around the world. The Evolution of Ransomware into Double Extortion Tactics The Basics of Ransomware Ransomware itself has been around for years.

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Ransomware Backups Insurance Cyber Insurance 52