The Last Watchdog

JULY 15, 2019

Cyber crime can be extremely financially damaging to businesses. However, if you believe that money is the only thing that a cyber-attack costs your organization, you would be wrong. In fact, a recent academic analysis identified 57 specific individual negative factors that result from a cyber-attack against a business.

Cyber Attacks 127

Cyber Attacks Penetration Testing Data breaches Hacking 127

Digital Shadows

NOVEMBER 26, 2024

Phishing often serves as the gateway to cyber attacks, opening the door to impactful follow-on activity like malware and ransomware deployment or access to internal networks, ultimately causing substantial financial losses. For organizations, this can result in account compromise, data loss, data breaches, and operational disruption.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

SecureWorld News

MARCH 3, 2021

This is just more proof that cyber risk is a business risk. Operational impact of the data breach. It also included detailed information on the data breach and how that impacted the operations of the company. "As Incident response to the data breach. Financial impact of the data breach.

Data breaches 98

Data breaches Technology Healthcare Insurance 98

eSecurity Planet

MAY 27, 2021

A report this month from the Government Accountability Office (GAO) found that the number of companies seeking cyber insurance coverage has steadily risen since 2016 and that insurers are increasing the prices of their policies and lowering their coverage limits as the number of cyberattacks rise. In addition, the U.S.

Cyber Insurance 130

Cyber Insurance Insurance Cyber Attacks Ransomware 130

BH Consulting

JANUARY 30, 2025

Cyber risk remains top of mind for business leaders A regular January fixture, the World Economic Forums Global Risk Report 2025 features two technology-related threats among the top five risks for the year ahead and beyond. The report ranks risks by severity over two-year and 10-year timeframes.

Cyber Risk 69

Cyber Risk Computers and Electronics Risk CISO 69

CyberSecurity Insiders

SEPTEMBER 16, 2022

According to State of Cloud Security Report compiled by Snyk, over 80% of organizations have suffered cloud security in the past one year and an equal proportion of them have suffered a data breach, but aren’t aware of it due to lack of coordination between teams & policy frameworks, enforcement challenges and budget allotment on time.

Accountability 137

Accountability Cyber Attacks Cyber Risk Data breaches 137

The Last Watchdog

MARCH 11, 2025

In 2024, the average cost of a data breach reached $4.88 million, with nearly half (46 percent) of all breaches involving personally identifiable information (PII), such as addresses, social security numbers, credit card information and social media posts.

B2C 100

B2C Technology B2B Identity Theft 100

CyberSecurity Insiders

AUGUST 17, 2021

Pearson, a London based e-textbook publishing firm that supplies software to Schools and Universities has been slapped with a fine of $1 million for misleading investors about a 2018 data breach that witnessed siphoning of millions of student records by hackers.

Data breaches 120

Data breaches Education Cyber Risk Cyber Attacks 120

Security Affairs

NOVEMBER 14, 2022

The size of the cyber risk to companies cannot be underestimated. To indicate the size of the cyber risk to companies, there is, on average, a cyber-attack every 39 seconds, which does not mean that every attack is successful, but that there is an attempt to access companies’ computer systems with that frequency.

Cyber Risk 141

Cyber Risk Insurance Cyber Attacks Risk 141

Security Boulevard

MAY 11, 2022

Cyber-attacks are becoming more sophisticated and devastating, especially for small and medium enterprises (SMEs). With ransom demands rising and the cost of data breaches soaring, businesses are investing heavily in building their cyber defenses. However, cybersecurity is not bullet-proof.

Cyber Risk 52

Cyber Risk Insurance Authentication Risk 52

SecureWorld News

DECEMBER 6, 2023

Governor Hochul recently announced New York's first-ever statewide cybersecurity strategy aimed at protecting the State's digital infrastructure from today's cyber threats. The act mandates risk assessments, incident reporting, and data breach notification procedures.

Cyber Attacks 107

Cyber Attacks Healthcare Computers and Electronics Financial Services 107

Security Boulevard

AUGUST 15, 2022

A class action suit over one of the largest healthcare data breaches of 2020 will be settled for $3 million, under a proposal recently filed with the court. Dental Care Alliance, a manager of more than 300 dental practices, reported a breach of PHI, credit card and other data for 1.7

Cyber Risk 52

Cyber Risk Healthcare Risk Data breaches 52

IT Security Guru

FEBRUARY 28, 2023

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.

Cyber Insurance 132

Cyber Insurance Insurance Marketing Cyber Attacks 132

Centraleyes

SEPTEMBER 10, 2024

What is an OT Cyber Risk Framework? An OT Cyber Risk Framework is a structured approach designed to identify, assess, manage, and mitigate cybersecurity risks in Operational Technology environments. Assessing the potential impact of cyber threats on critical industrial systems.

Cyber Risk 52

Cyber Risk Risk Cyber threats Cybersecurity 52

CyberSecurity Insiders

MARCH 15, 2021

Tenable’s Security Response Team says that in the past 2 months over 56 breaches were disclosed by the end of Feb’2021. As per the researchers, most of the healthcare related data breaches happened because of ransomware that accounted for over 54.95 percent of attacks. percent breaches on a respective note.

Cybersecurity 80

Cybersecurity Healthcare Data breaches Cyber Attacks 80

SecureWorld News

APRIL 17, 2023

Pros of cyber insurance Financial protection: Cyber insurance can help protect an organization from significant financial losses resulting from a cyberattack or data breach. False sense of security: Having cyber insurance should not be a substitute for investing in strong cybersecurity measures and practices.

Cyber Insurance 116

Cyber Insurance Insurance Risk CISO 116

CyberSecurity Insiders

FEBRUARY 7, 2022

Staying safe online is not just a worry for parents of young children and teenagers – organizations are also constantly at risk from cyber-attacks, which is why training staff to reduce the likelihood of any such attack is crucial. So why is it vital to train employees on cybersecurity and internet risks?

Internet 94

Internet Internet Data breaches Phishing 94

Joseph Steinberg

AUGUST 5, 2021

While leveraging cyber-liability insurance has become an essential component of cyber-risk mitigation strategy, cyber-liability offerings are still relatively new, and, as a result, many parties seeking to obtain coverage are still unaware of many important factors requiring consideration when selecting a policy. .

Insurance 258

Insurance Cyber Insurance Artificial Intelligence Ransomware 258

Security Affairs

JUNE 11, 2023

Experts found new MOVEit Transfer SQL Injection flaws The University of Manchester suffered a cyber attack and suspects a data breach Russians charged with hacking Mt. Enjoy a new round of the weekly SecurityAffairs newsletter, including the international press.

Social Engineering 98

Social Engineering Data breaches Ransomware Cybercrime 98

IT Security Central

JULY 6, 2021

The costs and consequences of a data breach or cybersecurity incident have never been more severe. According to the FBI’s recently released Internet Crime Report 2020, cybercrime resulted in $4 billion in losses last year, a low estimate that still encapsulates the incredible value lost to threats actors.

Small Business 116

Small Business Cybersecurity Data breaches Cybercrime 116

SC Magazine

MAY 24, 2021

Overall, insurance companies seem to be responding to increased demand from clients for cyber-specific insurance, and one survey found that the two things most likely to spur a purchase of cyber insurance are when a business experiences a cyber attack and when they hear about other companies being hit by a cyber attack.

Cyber Insurance 94

Cyber Insurance Insurance Marketing Cyber Risk 94

IT Security Central

JULY 13, 2021

From healthcare to education to critical infrastructure, nobody seems to be safe from cyber attacks. News broke in early June that video game giant Electronic Arts was one of the latest victims of a major breach. Not even video game creators.

Cyber Attacks 106

Cyber Attacks Healthcare Education Threat Detection 106

Security Affairs

MARCH 24, 2024

Cybersecurity US holds conference on military AI use with dozens of allies to determine ‘responsible’ use DFSA’s Cyber Risk Management Guidelines: A Blueprint for Cyber Resilience?

Malware 124

Malware Cybercrime Hacking Cyber threats 124

Thales Cloud Protection & Licensing

MAY 10, 2022

With businesses becoming more and more digitized, they are exposed to greater cyber risks. And while organizations are taking steps to protect against cyber attacks, cybersecurity controls are not impenetrable. Cyber risk insurance covers the costs of recovering from a security breach, a virus, or a cyber-attack.

Cyber Insurance 77

Cyber Insurance Insurance Cyber Risk Cyber Attacks 77

eSecurity Planet

MAY 3, 2022

According to Group-IB, the likelihood of the database systems being used in cybercrime and security breaches is high. A data breach, a follow-up strike on clients whose data was exposed, and other risks may result from an exposed database. Expectations for Security Breaches Run High . Ransomware.

Social Engineering 130

Social Engineering Internet Internet Risk 130

CyberSecurity Insiders

APRIL 27, 2022

Corporate networks suffered 50% more cyber attack attempts per week in 2021 compared to the previous year, and the number of reported data breaches increased 68% year over year. Off-premise hosting also makes data less vulnerable to disasters – natural or otherwise. Increase Security Skillset.

Cyber Attacks 99

Cyber Attacks Technology Encryption Risk 99

IT Security Guru

JUNE 17, 2024

Data Breach and Privacy Concerns Most ransomware attacks often involve data theft before encrypting the victim’s data. This dual-threat approach means businesses risk losing access to their data, while simultaneously potentially facing a data breach.

Ransomware 138

Ransomware Insurance Risk Backups 138

CyberSecurity Insiders

DECEMBER 6, 2021

These attacks received global attention and spotlighted the need for even more attention on cybersecurity best practices. In addition to being a differentiator, cybersecurity must be at the core of digital transformation strategies because investments in advanced technologies are obsolete if they’re vulnerable to attacks or leaking data.

Cybersecurity 105

Cybersecurity Ransomware Security Awareness Technology 105

The Last Watchdog

MAY 12, 2021

Sophos helped the enterprise’s security team catch up to what these hackers were doing and curtail the attack before they could achieve their ultimate objective, which was to put themselves in a position to demand a hefty ransom. At the same time, more organizations are taking cyber risk mitigation as seriously as they should.

Ransomware 153

Ransomware Hacking Firewall Digital transformation 153

Digital Shadows

NOVEMBER 26, 2024

Phishing often serves as the gateway to cyber attacks, opening the door to impactful follow-on activity like malware and ransomware deployment or access to internal networks, ultimately causing substantial financial losses. For organizations, this can result in account compromise, data loss, data breaches, and operational disruption.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

CyberSecurity Insiders

APRIL 1, 2021

The consequences of a data breach can vary greatly depending on the intention of the adversary. The 2020 Global State of Industrial Cybersecurity report found that 74% of IT security professionals are more concerned about a cyberattack on critical infrastructure than an enterprise data breach.

Passwords 130

Passwords VPN Data breaches Accountability 130

Duo's Security Blog

OCTOBER 7, 2022

It will be unsurprising that because of this demand, insurers are particularly careful how they build their policies to minimize their risk from large cyber events. This is especially true if the company looking for cover hasn’t taken adequate enough steps to minimize cyber risks itself.

Small Business 98

Small Business Cyber Insurance Insurance Cyber Risk 98

Security Boulevard

MAY 6, 2021

Since this hybrid and remote way of working looks like it’s here to stay, businesses must ensure they have the right infrastructure in place to combat any cyber threats. However, these innovative tools and solutions cannot be implemented without educating users and embedding a cyber security-aware culture throughout the workforce.

Cybersecurity 140

Cybersecurity DNS Education Security Awareness 140

Approachable Cyber Threats

JULY 31, 2023

and then repeat that process for the many other risks that could lower the value of your investment. In the same way, your investors want to know how prepared you are to foresee and mitigate cybersecurity risk events like data breaches, ransomware, and data center outages resulting from cyber attacks.

Cybersecurity 90

Cybersecurity Risk Cyber Risk Data breaches 90

Spinone

NOVEMBER 22, 2018

We covered the cybersecurity landscape including the most high-profile cyber crime statistics: number of attacks, crime targets, cybersecurity spendings, and cyber risk management. For those invested in health funds, a data breach could significantly impact the value of your holdings.

Cybersecurity 73

Cybersecurity Cyber Risk Marketing Risk 73

Spinone

APRIL 13, 2020

The cyber security aspect of working from home is extremely important, as cyber attacks are on the rise. Hackers exploit the transformation in the usual workflow to spread malware and steal users’ data. This new working style requires a clear understanding of data security issues.

Backups 98

Backups Phishing Ransomware Risk 98

Centraleyes

JULY 24, 2024

Coverage Confusion Most policies cover data breaches and cyber attacks, but what about system failures from an update gone wrong? This incident pushes us to question, adapt, and innovate our approach to cyber risk. Businesses should check if their policies cover this kind of glitch.

Insurance 52

Insurance Cyber Risk Healthcare Data breaches 52