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

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.

Cyber Insurance 100

Cyber Insurance Insurance Risk Technology 100

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.

Cyber Attacks 147

Cyber Attacks Small Business Government Insurance 147

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. Its global reach is just as extensive, impacting regions including the US, UK, Ecuador, Nigeria, and Japan.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

The Last Watchdog

JULY 13, 2023

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. is the parent company of specialist insurance businesses with operations in Europe, United States, Canada, Latin America and Asia.

Cyber Risk 189

Cyber Risk Risk Insurance Energy and Utilities 189

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.

Cyber Insurance 105

Cyber Insurance Insurance Data breaches Phishing 105

The Last Watchdog

DECEMBER 18, 2023

18, 2023 – Salvador Technologies , the pioneering cyber-attack recovery platform provider for critical infrastructures and industrial organizations, today announced that it has secured $6m in funding. Rehovot, Israel Dec.

Technology 100

Technology Cyber Attacks Artificial Intelligence Manufacturing 100

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

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. The cyberattack on FNF highlights the growing vulnerability of the real estate industry to cyber threats. The investigation remains ongoing at this time."

Cyber Attacks 115

Cyber Attacks Insurance Ransomware Education 115

CyberSecurity Insiders

DECEMBER 22, 2022

A ransomware hit Queensland University of Technology (QUT) in the early hours of today, crippling a portion of the institute’s network from the past 5 hours. Australia’s telecom networks (Optus) along with an insurance brand(Medibank) were hit by a ransomware attack recently and now an educational institute is ready to join the list.

Technology 97

Technology Ransomware Insurance Education 97

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

CyberSecurity Insiders

APRIL 27, 2021

Gyrodata that offers technology services to mining companies was hit by a ransomware cyberattack early this year. On April 22nd, 2021, Gyrodata released an official statement that cyber threat actors gained access to its server farm fraudulently and accessed data between January 16th, 2021 to February 22nd, 2021. .

Cyber Attacks 92

Cyber Attacks Ransomware Insurance Cyber threats 92

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

CSO Magazine

MARCH 30, 2023

Soon after Latitude Financial revealed it suffered a cyber attack, DXC Technology quietly published a note on its website stating its global network and customer support networks were not compromised. Latitude provides loans, credit cards and insurance in Australia, New Zealand, Canada and Singapore.

Technology 96

Technology Insurance Cyber Attacks 96

Duo's Security Blog

JUNE 9, 2022

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. So how do insurers get hold of that kind of insight? Here are my key takeaways.

Insurance 97

Insurance Marketing CISO Cyber Insurance 97

Security Affairs

FEBRUARY 6, 2021

Packaging giant WestRock revealed this week that the recent ransomware attack impacted the company’s IT and operational technology (OT) systems. WestRock did not share details about the security incident, it only confirmed that its staff discovered the attack on January 23.

Ransomware 145

Ransomware Insurance Cyber Insurance Technology 145

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

NOVEMBER 6, 2018

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?

Insurance 95

Insurance Cryptocurrency Cyber threats Marketing 95

SecureWorld News

SEPTEMBER 10, 2020

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. The number one type of cyber incident so far this year is ransomware.

Cyber Insurance 63

Cyber Insurance Insurance Ransomware Cyber Attacks 63

SecureWorld News

MAY 26, 2021

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year. cyber insurance market.

Cyber Insurance 68

Cyber Insurance Insurance Cyber Risk Marketing 68

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 96

Cyber Insurance Insurance Data privacy Data breaches 96

Krebs on Security

OCTOBER 28, 2020

Five months later, Gunnebo disclosed it had suffered a cyber attack targeting its IT systems that forced the shutdown of internal servers. Indeed, companies that persist in viewing cyber and physical security as somehow separate seem to be among the favorite targets of ransomware actors.

Hacking 358

Hacking Ransomware Banking Accountability 358

SecureWorld News

JANUARY 7, 2024

The integration of Governance, Risk, and Compliance (GRC) strategies with emerging technologies like Artificial Intelligence and the Internet of Things are reshaping the corporate risk landscape. In recent years, these programs have become even more effective thanks to technology such as artificial intelligence.

IoT 98

IoT Technology Artificial Intelligence Government 98

CyberSecurity Insiders

APRIL 19, 2021

Hiscox Cyber Readiness Report 2021 states that most of the German firms are vulnerable to cyber attacks and are topping the list of the study group with a loss tally of $48 million. Researchers who conducted the survey concluded after gauging six key cyber security areas related to people, technology and processes.

Cyber Attacks 69

Cyber Attacks Cyber Insurance Insurance Cyber threats 69

Security Affairs

JULY 6, 2020

Systems at Xchanging, a subsidiary of Global IT services and solutions provider DXC Technology was hit by ransomware over the weekend. Global IT services and solutions provider DXC Technology disclosed a ransomware attack that infected systems at its Xchanging subsidiary. Securities and Exchange Commission (SEC).

Ransomware 119

Ransomware Insurance Financial Services Advertising 119

Malwarebytes

SEPTEMBER 14, 2022

This article focuses on helping to prevent cyberattacks purely through technology; though of course, businesses need a combination of technology, people, and strategy to truly become cyber resilient. That being said, security experts advise against relying solely on a single technology or technique to protect business endpoints.

Technology 80

Technology DNS Cyber Insurance Insurance 80

SecureWorld News

DECEMBER 14, 2023

Unidentified attackers gained unauthorized access to Fred Hutch's clinical network, compromising the personal information of an estimated 800, 000 patients. This information included names, Social Security numbers, phone numbers, medical history, lab results, and insurance history.

Cyber Attacks 106

Cyber Attacks Healthcare Identity Theft Insurance 106

Security Affairs

DECEMBER 17, 2024

million individuals following a cyber attack. “The investigation confirmed that a cybersecurity event caused the technology issues, resulting in access to or removal of certain files and folders from the HSCs network between September 17 and September 29, 2024.”

Data breaches 59

Data breaches Insurance Ransomware Cyber Attacks 59

The Last Watchdog

OCTOBER 14, 2019

In another case, a device management tool was deployed in a hospital and used the WiFi network to insure data privacy, as it provisioned connected devices. Mukerji and fellow co-founder Jesse Rothstein, ExtraHop’s chief technology officer, were colleagues at Seattle-based network switching systems supplier F5 Networks.

Cyber Attacks 133

Cyber Attacks Cloud Migration Digital transformation Surveillance 133

Security Affairs

FEBRUARY 8, 2024

26 key cyber security stats for 2024 that every user should know, from rising cyber crime rates to the impact of AI technolog y. Cyber Crime Surge: During COVID-19 , cyber crimes shot up by 600%, showing how threats adapt to global changes. Shockingly, 96% of these attacks come through email.

Social Engineering 141

Social Engineering Cyber Attacks Cyber Insurance IoT 141

SecureWorld News

NOVEMBER 12, 2020

Sometimes when you are down in the cyber attack trees defending your organization, it can be tough to see the cyber threat forest. And now we have brand new research coming from the EU which unpacks the top cyber threats as they stand now. What are the top cyber threats right now? Trends in Malware attacks.

Cyber threats 122

Cyber threats Insurance Cyber Insurance Ransomware 122

CyberSecurity Insiders

JANUARY 6, 2023

By Doron Pinhas, Chief Technology Officer, Continuity. 2022 clearly demonstrated that attacks on data represent the greatest cyber-threat organizations face. The attack pace not only continued, it accelerated. Job dissatisfaction and surging unemployment across the technology sector is likely to spur more insider threats.

Backups 136

Backups Ransomware Insurance Cyber Insurance 136

BH Consulting

FEBRUARY 24, 2025

The third relates to ethical decision making in assessing technologies for law enforcement. Cyber insurance industry faces a pivotal year The cyber insurance industry faces a pivotal year, influenced by evolving ransomware threats, regulatory changes, and the integration of artificial intelligence (AI).

Cyber Insurance 59

Cyber Insurance Insurance Ransomware Artificial Intelligence 59

The Last Watchdog

OCTOBER 26, 2021

With digital transformation leading to a boom in the use of digital certificates, our bedrock authentication and encryption framework is at an inflection point, where the demand and adoption of automation is set to rapidly accelerate to keep up with technology requirements. PKI touches nearly every aspect of our connected technologies.

Digital transformation 230

Digital transformation eCommerce Internet Internet 230

CyberSecurity Insiders

MARCH 2, 2022

A recent online survey conducted for Hartford Steam Boiler Inspection and Insurance Company (HSB) suggests that over 74% of prospective owners of Electric Vehicles(EVs) are in a fear that their vehicles might fall prey to ransomware, state funded campaigns and other variants of cyber attack when connected to public charging stations.

Cyber threats 111

Cyber threats Cyber Attacks Retail Insurance 111

CyberSecurity Insiders

OCTOBER 23, 2021

By tapping into the advanced capabilities of our IT scanning technology, we’re proud to share actionable data to increase awareness around the current state of cyber risk technology and help eliminate the impact of adverse events — especially as we approach the end of a pivotal year,” said Madhu Tadikonda, President of Corvus Insurance. “We

Insurance 59

Insurance Cyber Risk Ransomware Technology 59

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 142

Cyber Risk Insurance Cyber Attacks Risk 142