eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

Cyber Insurance 129

Cyber Insurance Insurance Cyber Attacks Ransomware 129

CyberSecurity Insiders

SEPTEMBER 12, 2022

Prima facie, conducted by Eurocell, claimed that data was copied indeed from the servers storing data from showrooms in Wolverhampton, Stafford, Shrewsbury, Kidderminster, Cannock, and Brierley Hill. The post Cyber Attack leads to serious data breach at UK Eurocell appeared first on Cybersecurity Insiders.

Data breaches 114

Data breaches Cyber Attacks Identity Theft Banking 114

Security Affairs

JULY 17, 2024

The world’s largest recreational boat and yacht retailer MarineMax, disclosed a data breach following a cyber attack. The world’s largest recreational boat and yacht retailer MarineMax disclosed a data breach that impacted over 123,000 individuals.

Data breaches 130

Data breaches Retail Cyber Attacks Ransomware 130

Joseph Steinberg

AUGUST 5, 2021

Understanding the difference between the two is also essential when seeking to obtain – and when acquiring – cyber-liability insurance. First-party cyber-liability risks refer to risks that directly endanger an organization. First-Party Risks And Coverage.

Insurance 141

Insurance Risk Data breaches Artificial Intelligence 141

Security Affairs

MAY 13, 2020

Magellan Health, a for-profit managed health care and insurance firm, was the victim of a ransomware attack. Magellan Health Inc announced it was the victim of a ransomware attack that took place on April 11, 2020, the company also confirmed that hackers have stolen personal information from one of its corporate servers.

Data breaches 144

Data breaches Healthcare Ransomware Identity Theft 144

Heimadal Security

FEBRUARY 14, 2024

Hackers targeted two French healthcare providers and generated the largest data breach in French history. The French Data Protection Agency (CNIL) said both Viamedis and Almerys data breaches exposed the data of 33 million people.

Data breaches 93

Data breaches Cyber Attacks Insurance Healthcare 93

Security Affairs

JULY 13, 2024

The American drugstore chain Rite Aid Corporation disclosed a data breach following the cyber attack that hit the company in June. The American drugstore chain giant Rite Aid suffered a data breach following a cyberattack in June conducted by the RansomHub ransomware group. 148 in the Fortune 500 in 2022.

Data breaches 139

Data breaches Ransomware Hacking Insurance 139

Security Affairs

NOVEMBER 25, 2020

Belden, the manufacturer of networking and cable products, disclosed a data breach, threat actors have stolen employee and business information. “Our IT professionals were able to detect the unusual activity and believe we have stopped further unauthorized access of personal data on our servers.” Pierluigi Paganini.

Data breaches 109

Data breaches Cyber Attacks Manufacturing Banking 109

Security Boulevard

SEPTEMBER 3, 2023

Cyber insurance offers financial protection and support in the event of a cyber attack, data breach, or other cyber-related incidents. Ironically, the security that insurance brings to policyholders stands in contrast to the shifting, dynamic state of the cyber insurance market in general.

Cyber Insurance 117

Cyber Insurance Insurance Marketing Data breaches 117

IT Security Guru

FEBRUARY 28, 2023

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.

Cyber Insurance 131

Cyber Insurance Insurance Marketing Cyber Attacks 131

The Hacker News

NOVEMBER 9, 2022

The rise in the costs of data breaches, ransomware, and other cyber attacks leads to rising cyber insurance premiums and more limited cyber insurance coverage. This cyber insurance situation increases risks for organizations struggling to find coverage or facing steep increases.

Cyber Insurance 102

Cyber Insurance Insurance Data breaches Cyber Attacks 102

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.

Cyber Attacks 129

Cyber Attacks Identity Theft Insurance Social Engineering 129

Security Affairs

FEBRUARY 28, 2024

Pharmaceutical giant Cencora suffered a cyber attack and threat actors stole data from its infrastructure. Pharmaceutical giant Cencora disclosed a data breach after it was the victim of a cyberattack. Optum Solutions is a subsidiary of UnitedHealth Group, a leading health insurance company in the United States.

Data breaches 133

Data breaches Healthcare Insurance Ransomware 133

Malwarebytes

JULY 10, 2022

So, your business has just suffered a data breach and it’s time to dig deep in your pockets to pay all the resulting expenses. Without cyber insurance , you can expect to pay a dizzying amount of cash. Here are four ways your business can save money on its insurance. How is cyber insurance priced?

Cyber Insurance 107

Cyber Insurance Insurance Data breaches Phishing 107

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. Let's break it down to the pros and cons.

Cyber Insurance 114

Cyber Insurance Insurance Risk CISO 114

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. So, at this juncture, incidents such as these can put a permanent dent to their business expansion, as IRDAI doesn’t take data breaches lightly.

Cyber Attacks 112

Cyber Attacks Insurance Data breaches Mobile 112

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.

Cyber Insurance 136

Cyber Insurance Insurance Ransomware Marketing 136

CyberSecurity Insiders

JUNE 5, 2023

MOVEit produced by Progress Software is taking all precautions to mitigate the risks associat-ed with the incident and has informed the staff of Zellis on how to neutralize the effects of the cyber-attack. The post Zellis Cybersecurity Incident causes BA and Boots employee info data breach appeared first on Cybersecurity Insiders.

Data breaches 122

Data breaches Cybersecurity Insurance Ransomware 122

Security Affairs

NOVEMBER 22, 2021

Utah-based radiology medical center Utah Imaging Associates discloses a data breach that impacted 583,643 former and current patients. Utah Imaging Associates (UIA) discloses a security breach, on September 4, 2021 the company claims to have detected and blocked a cyber attack. Pierluigi Paganini.

Data breaches 111

Data breaches Identity Theft Healthcare Insurance 111

Security Affairs

OCTOBER 30, 2018

In a letter sent to members, Christina Salcido, vice president of mission operations for GSOC, confirmed that attackers may have accessed to names, birth dates, home addresses, insurance policy numbers and health history for some members. Experts warn of possible social-engineering-based cyber attacks leveraging the exposed info.

Data breaches 107

Data breaches Social Engineering Advertising Insurance 107

Responsible Cyber

NOVEMBER 17, 2024

Image Source: AI Generated Recent data breaches have exposed sensitive information from millions of customers across healthcare, financial services, and technology sectors. These data breaches highlight significant vulnerabilities in vendor relationships and supply chain security. healthcare system. healthcare system.

Data breaches 98

Data breaches Healthcare Social Engineering Financial Services 98

SC Magazine

MAY 24, 2021

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

Cyber Insurance 94

Cyber Insurance Insurance Marketing Cyber Risk 94

Security Affairs

DECEMBER 18, 2019

Lab test provider LifeLabs has disclosed a data breach that exposed personal information for up to 15 million Canadians. LifeLabs notified its customers via letter, exposed data includes names, contact information, health card numbers, and for approximately 85,000 customers their lab test results. ” said Brown.

Data breaches 91

Data breaches Identity Theft Insurance Advertising 91

CyberSecurity Insiders

NOVEMBER 15, 2022

Cyber Insurance premiums are becoming dearer and the reason for such a rise is claimed to be sophistication in attacks that are making mitigation and recovery expensive. Most companies are showing laxity in following basic cyber security hygiene, leading to a surge in cyber-attacks and data breaches.

Cyber Insurance 84

Cyber Insurance Insurance Marketing Ransomware 84

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

Duo's Security Blog

OCTOBER 7, 2022

In this blog, we explain why it makes sense for these firms to work with managed service providers (MSPs) to help bolster their security posture and increase their chances of getting cyber liability insurance cover as insurers continue to raise the bar. Small business cyber insurance: Is it really needed?

Small Business 98

Small Business Cyber Insurance Insurance Cyber Risk 98

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. As cyber criminals mature and advance their tactics, small and medium businesses become the most vulnerable because they lack the capacity – staff, technology, budget - to build strong cyber defenses. The necessity for cyber-insurance coverage.

Cyber Insurance 77

Cyber Insurance Insurance Cyber Risk Cyber Attacks 77

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. The post 5 Reasons Companies Are Denied Cybersecurity Insurance | ARIA appeared first on Security Boulevard.

Insurance 98

Insurance Cybersecurity Cyber Attacks Data breaches 98

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%).

Insurance 72

Insurance Risk Cyber Insurance Cybersecurity 72

Security Affairs

APRIL 29, 2019

However, we believe that it is the first time a breach of this size has included peoples’ names, addresses, and income. This open database is a goldmine for identity thieves and other attackers. Here’s how: Cyber Attacks. Why This Data Breach is Different. SecurityAffairs – US Households, Data leak).

Data breaches 109

Data breaches Internet Internet VPN 109

Security Boulevard

JULY 17, 2021

The CNA ransomware attack that made the news in March this year has an extension to the story. The insurance giant revealed that the organization suffered a data breach following the ransomware attack. The post 75,000+ Customers Affected in CNA Ransomware Attack appeared first on Kratikal Blogs.

Ransomware 133

Ransomware Insurance Data breaches Cyber Attacks 133

The Hacker News

JULY 6, 2023

As technology advances and organizations become more reliant on data, the risks associated with data breaches and cyber-attacks also increase. The introduction of data privacy laws, such as the GDPR, has made it mandatory for organizations to disclose breaches of personal data to those affected.

Cyber Insurance 98

Cyber Insurance Insurance Data privacy Data breaches 98

Security Affairs

AUGUST 10, 2024

Following the cyber attack, McLaren Health Care launched an investigation into the incident. As a result of the cyber attack, some appointments and elective procedures might be rescheduled as a precaution. The security breach exposed the sensitive personal information of 2,192,515 people.

Ransomware 132

Ransomware Insurance Data breaches Cyber Attacks 132

Security Affairs

MAY 16, 2024

The company was forced to shut down its website and phone lines following a cyber attack, but it did not mention a ransomware attack. “MediSecure has identified a cyber security incident impacting the personal and health information of individuals. .” ” reported ABC. million customers.

Ransomware 131

Ransomware Data breaches Government Insurance 131

Security Affairs

FEBRUARY 8, 2024

Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches. Shockingly, 96% of these attacks come through email. Ransomware Attacks: In 2023, a whopping 72.7% The cost of these attacks could hit $265 billion annually by 2031. million per breach.

Social Engineering 142

Social Engineering Cyber Attacks Cyber Insurance IoT 142

Cytelligence

OCTOBER 18, 2023

Cyber threats have become a significant concern for businesses of all sizes. The cost of cyber attacks, including financial losses, reputational damage, and legal consequences, can be staggering. To mitigate these risks, businesses often invest in cyber insurance. This is where CYPFER comes in.

Cyber Insurance 64

Cyber Insurance Insurance Passwords Cyber Attacks 64

Security Affairs

MAY 1, 2023

Bitmarck, one of the largest IT service providers for social insurance carriers in Germany, announced yesterday that it has suffered a cyber attack. The incident impacted statutory health insurance companies that have their IT operated by BITMARCK. “BITMARCK has identified a cyber attack.

Insurance 98

Insurance Data breaches Cyber Attacks Education 98