Krebs on Security

JULY 24, 2018

In its lawsuit (PDF), National Bank says it had an insurance policy with Everest National Insurance Company for two types of coverage or “riders” to protect it against cybercrime losses. “This is a rapidly growing area and a profit center for a lot of insurance companies,” Castagnoli said.

Banking 197

Banking Insurance Computers and Electronics Cyber Insurance 197

SecureList

NOVEMBER 9, 2022

We can therefore expect that cybercrime groups from either block will feel safe to attack companies from the opposing side. will lead more people to poverty, which always translates to increased criminality (cyber or otherwise), and we know ransomware to be extremely profitable. Some may even perceive this as their patriotic duty.

Cybersecurity 144

Cybersecurity Cyber Insurance Cybercrime IoT 144

Security Affairs

MAY 1, 2020

“The Cyble Research Team has verified this press release in which the ransomware operators state that they executed this data breach to alert people about the poor security measures being installed by these big financial institutions. Banco BCR has yet to disclose the security breach.

Ransomware 145

Ransomware Banking Cyber Insurance Advertising 145

Webroot

SEPTEMBER 7, 2023

Cybercrime is on the rise. billion to data breaches and cybercrime. billion to data breaches and cybercrime. The best way to weather these challenges is to become a cyber resilient business. And those attacks are costing companies a lot of money. In 2022, American businesses lost $10.3

Encryption 127

Encryption Cyber Insurance Cybercrime Phishing 127

Security Affairs

JUNE 18, 2024

Over the last few years, ransomware attacks have become one of the most prevalent and expensive forms of cybercrime. Initially, these attacks involved malicious software that encrypts a victim’s data, rendering it inaccessible until a ransom is paid to the attackers. She is also a regular writer at Bora.

Ransomware 140

Ransomware Cryptocurrency Insurance Cybercrime 140

SecureWorld News

NOVEMBER 12, 2020

First, however, let's look at the top 15 cyber threats organizations face right now, according to the report: Malware. Data Breach. Cyber Espionage. So that is the top 15 list of cyber threats according to the European Union. Specific examples of how the cyber threat landscape is shifting. Web-based Attacks.

Cyber threats 135

Cyber threats Insurance Cyber Insurance Ransomware 135

CyberSecurity Insiders

JANUARY 6, 2023

2022 clearly demonstrated that attacks on data represent the greatest cyber-threat organizations face. Notable data breaches took place at Microsoft, News Corp., Insurance Refusals and Rate Hikes. Many organizations remain unaware of the threat posed to their data by insecure storage and backup systems.

Backups 136

Backups Ransomware Insurance Cyber Insurance 136

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. High-privileged accounts enhance attackers’ ability to access unauthorized data, potentially causing data breaches and operational disruptions.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

Adam Levin

MARCH 16, 2020

The loss of time, worker focus and business opportunities can be catastrophic is the aftermath of an attack, and is yet another reason no company should be without a robust cyber insurance policy in place. Most importantly, the FBI encourages victims of cybercrime to continue to file reports to law enforcement.

Scams 130

Scams Identity Theft Accountability Phishing 130

SecureWorld News

MAY 2, 2025

Rise in ransomware and cybercrime: Healthcare has become a prime target for cybercriminals. Attackers are not only encrypting data but also engaging in "double extortion," stealing sensitive patient information to demand higher ransoms. Several key drivers are propelling the expansion of the healthcare cybersecurity market.

Healthcare 62

Healthcare Marketing Cybersecurity CISO 62

SecureWorld News

AUGUST 23, 2023

Mika Aalto, Co-Founder and CEO at Hoxhunt : "Today, most security leaders admit that data breaches are a question of 'when,' not 'if,' because most have responded to an incident within the past few years.

Cybersecurity 98

Cybersecurity Cyber Risk Risk Cyber Insurance 98

SecureWorld News

NOVEMBER 22, 2021

According to the Federal Bureau of Investigation (FBI), losses due to BEC scams since 2013 total around $28 billion dollars and it is the most profitable cybercrime there is. If you have cyber insurance, will it cover some or all BEC incidents? That's where the value of a BEC Incident Response Plan (BEC-IRP) really shines.

Scams 98

Scams Cybercrime Accountability Banking 98

Malwarebytes

JANUARY 15, 2023

The real world impact of cybercrime rears its head once more, with word that 14 schools in the UK have been caught out by ransomware. There’s no word if any of the schools affected paid the ransom and had their data leaked anyway, or if the ransomware gang stuck to its word and “only” leaked in cases of non-payment.

Ransomware 96

Ransomware Backups Education VPN 96

BH Consulting

JUNE 13, 2023

Target the human, swipe the cash: Verizon DBIR 2023 highlights crime trends Manage the human risk and mind your money: those are two key takeaways from Verizon’s 2023 Data Breach Investigations Report. The report contains analysis from 16,312 security incidents, of which 5,199 were confirmed breaches.

Social Engineering 52

Social Engineering Data breaches Scams Ransomware 52

Herjavec Group

FEBRUARY 18, 2021

Enter a world where Cybercrime is now bigger than Drug Crime, globally costing Trillions in damages with new threat actors, new forms of malware, cybercriminals, hackers, cyberespionage by nation states and too many exploitable vulnerabilities to count. He and his tiny team of 3 people, began the world’s first MSSP.

Digital transformation 81

Digital transformation Computers and Electronics Cyber Insurance Insurance 81

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. High-privileged accounts enhance attackers’ ability to access unauthorized data, potentially causing data breaches and operational disruptions.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

Spinone

OCTOBER 13, 2020

In IBM’s Cost of a Data Breach Report 2019 cited the following: Lost business is the biggest contributor to data breach costs The average cost of lost business in 2019 was $1.42 It has been noted that paying a ransom demand only encourages this type of cybercrime and funds it. Should You Pay the Ransom?

Ransomware 52

Ransomware Backups Data breaches Encryption 52

Security Boulevard

JANUARY 18, 2024

Recovery from supply chain attacks will cost 3x-5x more as compared to data breaches. The cyber insurance industry also acts on its elevated expectations and will demand more security oversight, controls, and capabilities as part of its policies, with severe increases in premiums or abandonment for non-compliance.

Risk 115

Risk Cybersecurity CISO Technology 115

Security Affairs

FEBRUARY 25, 2024

Uninstall it immediately Microsoft Exchange flaw CVE-2024-21410 could impact up to 97,000 servers ConnectWise fixed critical flaws in ScreenConnect remote access tool More details about Operation Cronos that disrupted Lockbit operation Cactus ransomware gang claims the theft of 1.5TB of data from Energy management and industrial automation firm Schneider (..)

Spyware 128

Spyware Cyber Insurance Hacking Advertising 128

Security Affairs

NOVEMBER 5, 2023

Kinsing threat actors probed the Looney Tunables flaws in recent attacks ZDI discloses four zero-day flaws in Microsoft Exchange Okta customer support system breach impacted 134 customers Multiple WhatsApp mods spotted containing the CanesSpy Spyware Russian FSB arrested Russian hackers who supported Ukrainian cyber operations MuddyWater has been spotted (..)

Cyber Insurance 126

Cyber Insurance Cryptocurrency Internet Internet 126

Jane Frankland

JANUARY 12, 2025

In this blog, I’m exploring these changes, grouped under key categories that I’ve used in previous years, to help business leaders and cyber risk owners better prepare for the evolving landscape. Cyber Insurance Cyber insurance will become an essential component of risk management strategies.

Cybersecurity 130

Cybersecurity CISO Insurance IoT 130

The Last Watchdog

DECEMBER 15, 2024

Revelations linked Chinese intelligence to contractors, Russian GRU officers to data destruction, and Iranian APTs to cybercrime collaboration. treats ransomware as state-sponsored terrorism, countermeasures could become far more aggressive, reshaping the fight against cyber threats. If the U.S.

Cybersecurity 290

Cybersecurity Cyber threats CISO Energy and Utilities 290

Adam Levin

MARCH 2, 2020

And it wasn’t because the media paid more attention to this relative newcomer in the area of cybercrime. Get Covered: I’ve said it before and I’ll say it again: Cyberattacks and data breaches have become the third certainty in life after death and taxes. Don’t be the next Heritage Company.

Cyber threats 215

Cyber threats Ransomware Encryption Insurance 215