Krebs on Security

JULY 21, 2023

A review of the executives pages published by the 2022 list of Fortune 100 companies found only four — BestBuy , Cigna , Coca-Cola , and Walmart — that listed a Chief Security Officer (CSO) or Chief Information Security Officer (CISO) in their highest corporate ranks. Nor is the average pay hugely different among all these roles.

CSO 240

CSO CISO Insurance Risk 240

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

SecureWorld News

NOVEMBER 14, 2024

Significant Financial and Operational Costs: Healthcare providers, faced with potential HIPAA fines and the risk of service interruptions, may feel pressured to pay ransom demands. This stolen data is often exposed on both the clear and dark web, heightening risks of identity theft and further perpetuating cybercrime. Louis, Missouri.

Healthcare 115

Healthcare Ransomware Identity Theft Data breaches 115

SecureWorld News

JANUARY 11, 2024

In this digital battlefield, cyber insurance has emerged as a crucial shield, offering financial protection against data breaches, ransomware attacks, and other cyber incidents. However, just as the threats evolve, so too does the cost of protection, with the global cyber insurance market projected to balloon to a staggering $90.

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Cyber Insurance Insurance Cyber Risk Data breaches 120

CSO Magazine

OCTOBER 17, 2022

The role of the CISO has evolved, and so have the responsibilities. Some believe a CISO must have technical knowledge and experience as a cybersecurity professional, others think leadership skills such as being able to communicate with boards are what matters most. To read this article in full, please click here

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CISO Telecommunications Insurance Government 128

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 121

Cyber Insurance Insurance Marketing Small Business 121

CyberSecurity Insiders

SEPTEMBER 13, 2022

Chief Financial Officers aka CFOs are ignoring billions of dollars loss incurred through cyber risks and threats, says a survey. Contrarily, 66% of Chief Information Security Officers (CISOs) felt that their IT infrastructure was super vulnerable to cyber attacks, as they were ill prepared to encounter them- all due to budget constraints.

Cyber Risk 131

Cyber Risk Risk Cyber Insurance Insurance 131

Security Boulevard

NOVEMBER 12, 2021

The post Are Cyber Insurers Cybersecurity’s New Enforcers? That means cyberattacks targeting enterprises and individuals are happening at a rate of about one attack every few seconds. The average ransom payment made by a business to. appeared first on Security Boulevard.

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Cyber Insurance Insurance Ransomware Cybersecurity 145

CSO Magazine

JULY 20, 2021

In March 2021 Google Cloud announced a new offering called Risk Protection Program, which is designed to help its cloud customers reduce security risk and connect with Google’s insurer partners, Allianz Global Corporate & Specialty and Munich Re.

Cyber Insurance 137

Cyber Insurance Insurance CISO Risk 137

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.

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Insurance Cybersecurity Cyber Insurance Government 126

Krebs on Security

DECEMBER 18, 2018

KrebsOnSecurity reviewed the Web sites for the global top 100 companies by market value, and found just five percent of top 100 firms listed a chief information security officer (CISO) or chief security officer (CSO). Nobody’s saying these companies don’t have CISOs and/or CSOs and CTOs in their employ.

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CSO CISO Marketing Banking 255

Security Boulevard

APRIL 4, 2024

The moment when that dreaded questionnaire from your Cyber Insurer lands on your desk like a ton of digital bricks. The post Cyber Insurance Reduces Risk: Five Ways to Lower Your Rates appeared first on Security Boulevard.

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Cyber Insurance Insurance Risk CISO 72

Duo's Security Blog

OCTOBER 18, 2021

We need to work with many different teammates on campus — risk management, legal, compliance and institutional review boards, to name a few — to effectively manage cybersecurity risk across our communities. In a recent Duo blog post, we gave an overview of cyber liability insurance.

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Insurance Education Risk Cyber Insurance 97

SecureWorld News

AUGUST 1, 2023

One aspect of these cyberattacks that has been hotly debated is the role that cybersecurity insurance plays in these incidents. To better understand the relationship between insurance and ransomware, U.K.-based RUSI's research challenges the notion that cyber insurance is a direct catalyst for ransomware.

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Cyber Insurance Insurance Ransomware Marketing 98

Duo's Security Blog

JUNE 9, 2022

As an advisory CISO and part of Cisco’s strategy group, an essential part of my role is talking to CISOs from every kind of organization. From these conversations, it is clear cyber liability insurance is steadily rising to the top of the agenda, due to the sheer amount and scale of cyber-attacks hitting firms.

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Insurance Marketing CISO Cyber Insurance 97

Security Boulevard

JULY 19, 2023

API security is a pressing concern for industries undergoing digital transformation, and none more so than financial services and insurance. To shed light on their unique challenges, Salt undertook and today released its first industry-specific report on API security: the 2023 “State of API Security for Financial Services and Insurance.”

Financial Services 94

Financial Services Insurance Digital transformation Banking 94

Centraleyes

NOVEMBER 20, 2024

Traditionally, insurance policies like Directors and Officers (D&O) liability insurance didn’t cover the personal liabilities of CISOs. But now, insurers are beginning to offer professional liability policies designed specifically for cybersecurity leaders. With this new wave of coverage, the risk landscape changes.

Insurance 52

Insurance CISO Risk Cybersecurity 52

CyberSecurity Insiders

MARCH 16, 2022

The research was compiled by Cider Security along with experts from Netflix, Atlassian, Mozilla, Lemonade Insurance, Rapid7, Databricks, and the former CISOs of Twitter and LivePerson. The risks outlined are: . CICD-SEC-1 : Insufficient Flow Control Mechanisms. CICD-SEC-2 : Inadequate Identity and Access Management. Raanan Loew.

Risk 109

Risk CISO Insurance Engineering 109

Security Boulevard

NOVEMBER 1, 2022

CISOs continue to face an uphill battle, and one of their biggest headaches is where to focus cyber investments. Solving distinctly separate challenges like cyber insurance, compliance and regulations, and visibility for the board is an overwhelming task, but what if you could solve these issues with a single solution?

Cyber Risk 86

Cyber Risk Risk Cyber Insurance Insurance 86

SC Magazine

FEBRUARY 4, 2021

Cybersecurity garnered far more attention in executive boardrooms and among regulators and insurance underwriters during the last couple years, thanks to both an increasing volume of attacks and growing demand for digital transformation. Our profile is certainly getting higher. Failure to communicate.

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CISO Digital transformation Insurance Risk 115

The Last Watchdog

JUNE 2, 2022

Third-Party Risk Management ( TPRM ) has been around since the mid-1990s – and has become something of an auditing nightmare. Related: A call to share risk assessments. This is because third-party risk has become a huge problem for enterprises in the digital age. Cyber risks profiling. based CyberGRX. Cyber hygiene boost.

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Cyber Risk Risk Digital transformation Insurance 266

Security Boulevard

JANUARY 18, 2024

Cybersecurity risks increase every year and bludgeon victims who fail to prepare properly. For those interested in a better understanding of the oncoming risks, this is the information you are looking for. It can feel like crossing a major highway while blindfolded. Many never see the catastrophe about to happen, until it occurs.

Risk 115

Risk Cybersecurity CISO Technology 115

SecureWorld News

JULY 31, 2023

Sam Masiello , CISO, The Anschutz Corporation: "I would expect that many CISOs today are feeling as if their job just got harder and now has a brighter spotlight shining specifically on them. Many CISOs are already burnt out, and there is shortage of qualified CISOs globally. CISOs are expected to be a unicorn already.

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CISO InfoSec Risk Cybersecurity 98

Security Boulevard

JULY 26, 2024

TL;DR: Cyber liability insurance is essential, but premiums are increasing, and numerous exclusions exist. Important steps to lower premiums include preparation, articulating your risk, and demonstrating progressive improvement in security through measurable metrics. Why Do Organizations Need Cyber Liability Insurance?

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Cyber Insurance Insurance Risk CISO 80

Dark Reading

MAY 30, 2019

The reality for business owners and CISOs looking to protect their business from a cyberattack is that cyber insurance is not a catchall for protecting against risk and loss.

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Cyber Insurance Insurance CISO Risk 71

Thales Cloud Protection & Licensing

OCTOBER 24, 2024

The cybersecurity regulations apply to entities overseen by the NYDFS, such as financial institutions, insurance companies, agents, and brokers, as well as banks, trusts, mortgage lenders and brokers, money transmitters, check cashers, and other related businesses.

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Financial Services Cybersecurity CISO Backups 62

Duo's Security Blog

JUNE 15, 2023

Third party security risk is an issue that frequently comes up in my discussions with clients. Meanwhile, Prevalent noted that companies are currently big on exposure but small on preparation, with a staggering 45% still relying on manual spreadsheets to assess third party risk. Control the risk. How simple is the solution?

Risk 145

Risk Authentication Phishing Insurance 145

SecureWorld News

AUGUST 5, 2021

A group of investors filed the suit which specifically calls out SolarWinds, its former CEO, and also Tim Brown, who is VP of Security and CISO. This week, SolarWinds fired back on the lawsuit's claims and accusations as it defended its CISO and its own cybersecurity actions in court. Summary of SolarWinds response to investor lawsuit.

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CISO Passwords Software Cybersecurity 98

Security Boulevard

OCTOBER 16, 2024

Financial services and insurance sectors are particularly vulnerable due to the increasing number of APIs they need to manage. According to Salt Security’s latest report, over 50% of financial services and insurance organizations manage more than 500 APIs for development, delivery, and integration, which is a significant amount to secure.

Insurance 69

Insurance Financial Services Digital transformation Cloud Migration 69

The Last Watchdog

NOVEMBER 20, 2023

The Qualys Enterprise TruRisk Platform centers around helping customers holistically measure, effectively communicate, and proactively eliminate cyber risk, with a hyper focus on the impact of cyber risk on business risk.

Cyber Risk 100

Cyber Risk Risk CISO Insurance 100

SecureWorld News

AUGUST 25, 2021

Chief Information Security Officers (CISO) have the luxury of being an incredibly hot commodity, so they can pretty much pick and choose where they work, as they are almost guaranteed to have a job waiting for them somewhere. And this is increasing cyber risk. In hopes of defending against attacks like these, Gov.

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CISO Cybersecurity Government Technology 98

SecureWorld News

OCTOBER 20, 2021

Cyberrisk is business risk. But how should we communicate this risk to the business, to clients, or to investors? Accenture annual report: risks we face from cyberattacks. However, we were most interested in seeing how Accenture articulated a particular business risk: the risk from a cyberattack.

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Cyber Risk Risk Insurance Cyber Insurance 97

Security Boulevard

JUNE 1, 2022

cyber insurance carriers in 2021 rose 92% year-over-year, largely in response to a surge in ransomware. Cyber risk insurers are also declining coverage to companies with substandard cybersecurity controls, as well as changing the fine print for sublimits to reduce coverage for types of losses one by one.

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Cyber Insurance Insurance Cyber Risk Risk 72

The Hacker News

FEBRUARY 14, 2023

From a cyber risk perspective, attacks on data are the most prominent threat to organizations. Regulators, cyber insurance firms, and auditors are paying much closer attention to the integrity, resilience, and recoverability of organization data – as well as

Cyber Insurance 89

Cyber Insurance Backups CISO Insurance 89

Cisco Security

OCTOBER 18, 2021

About 15 years ago, the idiom began to be applied to cybersecurity, where the risk management continuum values the investment in protection to mitigate the negative consequences of a cyber incident. We can never eliminate risk entirely, but we can manage it effectively with “Left of Boom” processes and procedures.

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Cybersecurity CISO Insurance Risk 142

Thales Cloud Protection & Licensing

JANUARY 16, 2025

Some of the most important are Gramm-Leach-Bliley Act ( GLBA ), the National Association of Insurance Commissioners ( NAIC ) Data Security Model Law, the New York Department of Financial Services ( NYDFS ) Cybersecurity Regulation, and the National Credit Union Administration ( NCUA ) cybersecurity guidance.

Financial Services 62

Financial Services Insurance Encryption Government 62

CyberSecurity Insiders

DECEMBER 18, 2022

A look ahead to 2023 we can expect to see changes in MFA, continued Hactivism from non-state actors, CISOs lean in on more proactive security and crypto-jackers will get more savvy. 5 – Recession requires CISOs to get frank with the board about proactive security. By Marcus Fowler, CEO of Darktrace Federal.

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Cybersecurity CISO Insurance Ransomware 125