Security Boulevard

MARCH 3, 2021

In this part of the blog series on the connection between cybersecurity and insurance, we go through a real-life situation that demonstrates how insurance policies may or may not provide you the necessary coverage in the event of a cyber-attack. A Standalone Cyber Insurance Policy Isn’t Enough As discussed in our previous blog, a.

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Security Boulevard

AUGUST 25, 2022

announced that it will require its underwriters, globally, “to exclude catastrophic state-backed hacks from stand-alone cyber insurance policies” starting in March 2023. This elimination of cyber policies involving nation-state adversaries is not surprising. Last week, Lloyd’s of London Ltd.

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Security Boulevard

JUNE 21, 2022

Is Cyber Breach Insurance part of your Cybersecurity roadmap? Is Cyber Breach Insurance part of your Cybersecurity roadmap? The post Is Cyber Breach Insurance part of your Cybersecurity roadmap? The post Is Cyber Breach Insurance part of your Cybersecurity roadmap?

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CyberSecurity Insiders

FEBRUARY 16, 2021

The intelligence committee, funded by South Korea’s National Assembly, has revealed that a cyber attack launched on Pfizer at the end of last year was launched by North Korean hackers to steal the intelligence of vaccine research that was co-sponsored by BioNTech.

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Security Affairs

JANUARY 26, 2025

On February 21, a cyber attack disrupted IT operation of the healthcare organization, and more than 100 Change Healthcare applications were impacted. Change Healthcare can confirm we are experiencing a cybersecurity issue perpetrated by a cybercrime threat actor who has represented itself to us as ALPHV/Blackcat. population.”

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CyberSecurity Insiders

FEBRUARY 17, 2022

For all those companies who are planning to renew their cyber insurance policy or are in a procedure to take one, here’s a piece of information that might interest you. Most of the Cyber Insurance companies have excluded ‘Cyber War’ consequences from their policies. that’s insane….isn’t isn’t it? .

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Joseph Steinberg

AUGUST 5, 2021

One of the important concepts about which people must be aware when evaluating their cybersecurity postures and related liabilities, but which, for some reason, many folks seem to be unaware, is the difference between first-party risks and third-party risks. First-Party Risks And Coverage.

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CyberSecurity Insiders

AUGUST 26, 2022

Lloyd’s London, one of the largest insurance services providers in the world, has disclosed that it is making amendments to its cyber insurance laws that will come into effect from March 2023. All insurance companies exclude the risks inferred from war like situations.

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IT Security Guru

JUNE 28, 2022

The past decade has seen cybersecurity barge its way into the mainstream. A meteoric rise in attack rates during COVID-19 , major incidents such as the Colonial Pipeline attack, and an increasingly tense geopolitical landscape have all contributed to cybersecurity’s current position at the top of global news feeds.

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Security Affairs

DECEMBER 8, 2024

In 2023, upon discovering the cyber attack, the Anna Jaques Hospital took the impacted systems down and launched an investigation into the security breach. As part of the investigation, we engaged leading third-party cybersecurity experts experienced in handling these types of incidents.

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CyberSecurity Insiders

MARCH 18, 2021

After the SolarWinds cyber attack on Govt infrastructure, the government of United States seems to have taken Cybersecurity as a top priority to rectify any flaws that could make way to any future cyber attacks in the future. Maintain a senior management and board approved cyber insurance risk strategy. ·

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CyberSecurity Insiders

FEBRUARY 4, 2021

As per the details to Cybersecurity Insiders, the details were siphoned from a database on December 7th,2020 and was leaked on a hacking forum this week as the car dealership service provider might have not paid heed to the demands of the hackers.

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Security Affairs

OCTOBER 25, 2024

On February 21, a cyber attack disrupted IT operation of the healthcare organization, more than 100 Change Healthcare applications were impacted. “Change Healthcare can confirm we are experiencing a cybersecurity issue perpetrated by a cybercrime threat actor who has represented itself to us as ALPHV/Blackcat.”

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CyberSecurity Insiders

FEBRUARY 17, 2023

Succession Wealth, a financial wealth management service offering company, has released a press statement that a cyber attack targeted its servers and it can only reveal details after the investigation gets concluded. Prima Facie revealed that hackers accessed no client data in the attack.

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CyberSecurity Insiders

JUNE 21, 2023

Going forward, let us list out the victims who have been impacted by the attack after the hack-ers gained control of Moveit file transfer software worldwide, a business unit of Progress Software. The post List of victimized companies of MOVEit Cyber Attack appeared first on Cybersecurity Insiders.

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SecureWorld News

APRIL 17, 2023

When considering adding a cyber insurance policy, organizations, both public and private, must weigh the pros and cons of having insurance to cover against harm caused by a cybersecurity incident. Having cyber insurance can help ensure compliance with these requirements. Is it required?

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Security Affairs

JANUARY 3, 2022

Which are the cyber attacks of 2021 that had the major impact on organizations worldwide in terms of financial losses and disruption of the operations? Federal Bureau of Investigation confirmed that the Colonial Pipeline was shut down due to a cyber attack carried out by the Darkside ransomware gang. Pierluigi Paganini.

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SC Magazine

JUNE 28, 2021

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. Growing losses from ransomware attacks have…emphasized that the current reality is not sustainable for insurers either.

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CyberSecurity Insiders

AUGUST 15, 2021

Car makers Toyota, Hyundai and Nissan are all set to form a consortium that will aim to fight cyber attacks on Connected Cars. And companies like Microsoft Japan, Trend Micro, NTT Communications, Sompo Japan Insurance and few other manufacturers like Panasonic and Denso are all set to join the campaign.

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Security Boulevard

FEBRUARY 7, 2022

Cybersecurity insurance is an absolute necessity for any business operating in the modern world. However, increasing demand and threats of attacks have made insurance companies much more hesitant to offer claims.

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CyberSecurity Insiders

SEPTEMBER 29, 2021

London based Giant Group has confirmed that its IT infrastructure was suffering repercussions gained through a cyber attack on September 24th,2021 and all its phone, email and other payroll related servers were facing digital disruption.

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The Last Watchdog

AUGUST 12, 2019

From Atlanta to Baltimore to school districts in Louisiana, cyber criminals have launched a wave of ransomware attacks on governments across the country. A 2018 study by the Ponemon Institute showed that 67 percent of SMBs experienced a cyber attack. It is not of a matter of “if” but “when.”

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CyberSecurity Insiders

NOVEMBER 21, 2021

It is a known fact that some state funded hackers attacked the gas stations operating in Iran a few days back. The post Iran Mahan Air hit by Cyber Attack appeared first on Cybersecurity Insiders. Now, it appears to be a repeat of the incident with an airlines falling prey to the criminals this time.

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Security Boulevard

JANUARY 8, 2023

There are dark clouds on the horizon as well as conflicting forecasts regarding cyber insurance in 2023 and beyond. Where will the insurance market go from here on cybersecurity coverage? The post Are Cyber Attacks at Risk of Becoming ‘Uninsurable’? appeared first on Security Boulevard.

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CyberSecurity Insiders

JULY 26, 2022

Policybazaar, the Indian Insurance companies that offer an array of online services to users seeking health and car insurance were targeted by hackers leading to a data breach. The post Cyber Attack news headlines trending on Google appeared first on Cybersecurity Insiders.

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Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. Cyber has changed everything around us – even the way we tackle geopolitical crisis and conflicts. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance.

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Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. However, increased use of remote service solutions also means increased numbers of weak or default credentials, granting attackers easy access.

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Security Boulevard

NOVEMBER 24, 2023

First published by HelpNetSecurity  — Matthew Rosenquist Cybersecurity insurance is a rapidly growing market, swelling from approximately $13B in 2022 to an estimated $84B in 2030 (26% CAGR), but insurers are struggling with quantifying the potential risks of offering this type of insurance. to 130.6%).

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CyberSecurity Insiders

JULY 11, 2022

British Insurance firm AON has disclosed that a database of its customers was exposed to hackers for a reasonable amount of time, say one year. The post Cyber Attack news headlines trending on Google appeared first on Cybersecurity Insiders. And so, data of about 145,889 North American customers could have been exposed.

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Malwarebytes

JULY 10, 2022

Without cyber insurance , you can expect to pay a dizzying amount of cash. In 2022 alone, the average cost of a data breach for businesses under 1,000 employees was close to $3 million—and these costs are coming from activities that cyber insurers typically cover, such as detecting and responding to the breach.

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CyberSecurity Insiders

SEPTEMBER 12, 2022

The post Cyber Attack leads to serious data breach at UK Eurocell appeared first on Cybersecurity Insiders. If in case a breach occurs, businesses should notify victims of what type of data was exposed, risks involved and actions taken to help prevent and mitigate the risks from the company side. .

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Security Boulevard

AUGUST 30, 2022

Lloyd's Backs Off Insurance for State-Sponsored Cyberattacks. Cyber related businesses are ‘evolving risk’. issued a market bulletin dated August 16, 2022 setting out new rules for standalone cyber-attack policies that would exclude coverage for damages from state-sponsored attacks. brooke.crothers. Gray areas.

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Duo's Security Blog

APRIL 25, 2022

For as long as organizations have existed to grow crops, move goods or produce items there have been insurance firms to help these markets survive cyclical events. It’s been fascinating to see this most traditional of industries being thrust into the center of one of the most relevant business topics of our era — cybersecurity risk.

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CyberSecurity Insiders

FEBRUARY 8, 2021

Australia based Cann Group that indulges in specialized research related to Cannabis is said to have become a victim to a sophisticated cyber attack where the company lost $3.6 million to a cyber imposter. In what is known to our Cybersecurity Insiders, the company made several payments accounting to $3.6

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Joseph Steinberg

JANUARY 18, 2024

In today’s digitally driven world, in which businesses heavily rely on computer systems and the information living within such systems, the importance of cybersecurity cannot be overstated. Safeguarding Sensitive Data One of the primary reasons cybersecurity is crucial for business success is the protection of sensitive data.

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SecureWorld News

DECEMBER 4, 2023

Fidelity National Financial (FNF), one of the largest title insurance providers in the United States, announced on November 21 that it fell victim to a sophisticated cyberattack. Disruptions to real estate transactions: Cyberattacks can disrupt real estate transactions, causing delays, cancellations, and title insurance claims.

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Security Boulevard

JULY 25, 2023

Picture this: your company falls victim to a cyber-attack, resulting in loss of revenue and significant operational downtime. The post Cyber Insurance: The Key to Business Resilience in a Risky World appeared first on Security Boulevard. Do you know what your next steps should be?

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