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2023 Predictions for Storage and Backup Ransomware

CyberSecurity Insiders

2022 clearly demonstrated that attacks on data represent the greatest cyber-threat organizations face. Many of these attacks took advantage of known vulnerabilities and security misconfigurations in storage and backup systems. And backup and storage systems are rife with unpatched CVEs. Insurance Refusals and Rate Hikes.

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The future of cyber insurance

IT Security Guru

Cyber insurers are losing money. Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyber risk a potentially uninsurable area due to falling profitability.

Insiders

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Cyber Insurance Premiums Decline as Businesses Boost Security Measures

SecureWorld News

Global cyber insurance premiums are declining despite an uptick in ransomware attacks, according to a recent report by insurance broker Howden. This trend reflects improved business security practices, evolving insurance industry dynamics, and changing attitudes toward cyber risk management.

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What you need to know: The biggest cyber threats in 2024

Webroot

In today’s world, both small businesses and everyday consumers face a growing number of cyber threats. OpenText’s 2024 Threat Hunter Perspective sheds light on what’s coming next and how to protect yourself. Having regular backups means you can recover without having to pay a ransom.

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What’s happening in the world of personal cyber insurance?

Malwarebytes

You’ve likely only seen cybercrime insurance primarily mentioned in relation to attacks on businesses. Some folks think the mere presence of insurance simply encourages more attacks , and is hurting more than it’s helping. Personal insurance plans are slowly becoming a more visible and talked about topic.

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Is your whole digital life protected? 4 ways to address common vulnerabilities

Webroot

Cyber threats. As more aspects of our lives move online and digital devices proliferate, staying safe from threats has become more important than ever. Its a top-end, true all-in-one offering based on a new platform that combines antivirus, password manager, identity protection, VPN, backup, and parental controls.

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Ransomware: Number One Cyber Insurance Claim

SecureWorld News

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.