SC Magazine

FEBRUARY 8, 2021

But when it comes to cybersecurity coverage, the relationship between enterprises and insurers has been rocky and uncertain. . The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. That’s quite the incentive for insurers to assert themselves in this market.

Insurance 126

Insurance Cybersecurity Cyber Insurance Government 126

Security Boulevard

JANUARY 18, 2024

Recovery from supply chain attacks will cost 3x-5x more as compared to data breaches. The case against the UBER Chief Information Security Officer (CISO) concluded with a conviction last year and the case against the CISO of SolarWinds, announced in 2023, is ongoing. In 2024: 1.

Risk 115

Risk Cybersecurity CISO Technology 115

SecureWorld News

AUGUST 23, 2023

Mika Aalto, Co-Founder and CEO at Hoxhunt : "Today, most security leaders admit that data breaches are a question of 'when,' not 'if,' because most have responded to an incident within the past few years. What's important now is for executive leadership to have that same sense of urgency as infosec leaders.

Cybersecurity 98

Cybersecurity Cyber Risk Risk Cyber Insurance 98

Malwarebytes

SEPTEMBER 30, 2022

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. In Michigan’s Cyber Partners Program , for example, local communities receive services from a CISO-level consultant.

Government 70

Government Cybersecurity Cyber Insurance Insurance 70

Security Boulevard

JUNE 26, 2022

Cost of Breach Could Be Greater Than The Expected Cost Savings. IBM’s annual Cost of a Data Breach study revealed a single data breach could cost a company up to $3.29 That $3.29, even with cyber insurance, is still a significant hit to the organization’s bottom line.

Information Security 98

Information Security Technology Marketing Data breaches 98

Herjavec Group

FEBRUARY 18, 2021

Within this whirlwind of all things moving to the internet, insurance vendors recently began to take cyber insurance very seriously. They first sold it asking ‘do you have antivirus and a firewall’ – check box one, check box two, now you have cyber insurance. Some know what an MSSP is and the value it offers.

Digital transformation 81

Digital transformation Computers and Electronics Cyber Insurance Insurance 81

Centraleyes

DECEMBER 19, 2024

The new NY regulations, however, go further by requiring hospitals to implement: Tailored cybersecurity programs, Designation of a Chief Information Security Officer (CISO), Penetration testing, Mandatory breach reporting within 72 hours. What Are the Implications for Cyber Insurance?

Healthcare 52

Healthcare Cybersecurity Penetration Testing CISO 52

Digital Shadows

OCTOBER 14, 2024

Major developments this quarter include “Play” transitioning from double-extortion tactics to targeting ESXi environments and the cybersecurity firm Fortinet experiencing a data breach in which 440GB of customer data was compromised. However, some cyber insurance policies explicitly forbid ransom payments.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

Jane Frankland

DECEMBER 7, 2023

It’s likely we’ll continue to witness a significant shift in the motivation behind prominent cyberattacks, as data sources indicate a resurgence in activities such as information theft, covert communication monitoring, and content manipulation from state sponsored attackers and cybercriminals. The first is by rule making.

Cybersecurity 130

Cybersecurity Cyber threats Insurance Artificial Intelligence 130

Jane Frankland

JANUARY 12, 2025

With 24% of all data breaches using ransomware, this commoditisation of cybercrime significantly broadens the field, resulting in a sharp increase in the frequency and variety of attacks. Cyber Insurance Cyber insurance will become an essential component of risk management strategies.

Cybersecurity 130

Cybersecurity CISO Insurance IoT 130

SC Magazine

MARCH 29, 2021

It can also help inform cyber insurers, who may choose to raise premiums for companies that can’t document where their code comes from. Despite these trends, McGraw and others sounded a note of optimism that good security is still possible.

Software 120

Software Hacking Government Cyber Insurance 120

The Last Watchdog

DECEMBER 15, 2024

Thornton-Trump Ian Thornton-Trump , CISO, Inversion6 In 2024, the convergence of nation-state APTs and cybercriminals raised global alarms. Revelations linked Chinese intelligence to contractors, Russian GRU officers to data destruction, and Iranian APTs to cybercrime collaboration.

Cybersecurity 290

Cybersecurity Cyber threats CISO Energy and Utilities 290

Adam Levin

DECEMBER 27, 2019

At times it can seem like a war of attrition, which brings us to the first series of predictions for 2020: CISOs will get worse at their jobs. You’re going to have personal cyber insurance. Okay, simmer down all you cybersecurity people. I just mean there will be a shortage of experts–i.e.,

Cybersecurity 100

Cybersecurity CISO IoT Insurance 100