Security Boulevard

JULY 30, 2022

However, deploying unproven artificial intelligence (AI) could result in unexpected outcomes, including a higher risk of cybercrime. While enforcement of FERPA is left to the department of education, there is some sense of data accountability and disclosure of events. Information Manipulation — Nothing Knew in Cybersecurity.

Cyber Attacks 110

Cyber Attacks Artificial Intelligence Education Cyber Insurance 110

SC Magazine

JULY 13, 2021

Estimates show cybercrime will cause $6 trillion in global damages this year and is predicted to reach $10.5 Avanan researchers predict these attacks will continue to surge throughout the year, with the education and health care sectors the most likely to be the hardest hit. trillion, by 2025, a 75% increase.

Data breaches 113

Data breaches Insurance Healthcare Education 113

CyberSecurity Insiders

JANUARY 6, 2023

Thus, we are seeing the appearance of developments such as ransomware-as-a-service and the evolution of a cybercrime supply chain composed of distinct elements, each performing specialized functions that dovetail together into the eventual heist. Insurance Refusals and Rate Hikes. But not insurance companies.

Backups 136

Backups Ransomware Insurance Cyber Insurance 136

SecureWorld News

SEPTEMBER 14, 2021

2020 saw a record number of cyberattacks—and threats for school, university, and other educational institutes are growing each day. This is also true for victims of cybercrimes, too. This example might seem extreme, but for some parents this exact scenario played out after hackers managed to steal their child’s data.

Cyber Insurance 98

Cyber Insurance Ransomware Insurance Backups 98

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. The proliferation of these guides enables more individuals to enter the cybercrime arena.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

Malwarebytes

FEBRUARY 3, 2023

As the reports covering all of 2022 start trickling in, we can see that cybercrime and other types of fraud had a major impact last year. percent) reporting between 40 and 60 cyber security incidents in the last 12 months. Delivering customer education campaigns. More than half (58.2 Sharing intelligence on emerging threats.

Scams 95

Scams Banking Cyber Insurance Cybercrime 95

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. Special Educational Needs (SEN) data. As we’ve seen recently, cyber insurance is no guarantee of avoiding a ransomware pitfall either with refusal of payout being decided in a court of law.

Ransomware 92

Ransomware Backups Education VPN 92

SecureWorld News

OCTOBER 19, 2023

Increased risk of cyberattacks The rising cost of living can lead to an increase in cybercrime, as people become more desperate to make money. Educate employees about cybersecurity Employees are often the first line of defense against cyberattacks. Investing in security awareness training has a bottom line impact. trillion by 2025.

Cybersecurity 98

Cybersecurity CISO Education Phishing 98

SecureWorld News

DECEMBER 2, 2020

issued an unusually detailed statement to investors about the cyberattack, its decision to pay the ransom and next moves by the online education provider. For starters, the company says hackers did not gain access to its Learning Management System (LMS) which delivers educational content and classes to its students.

Insurance 58

Insurance Cyber Insurance Ransomware Backups 58

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

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

SecureWorld News

APRIL 1, 2021

This is the first factor mentioned in the report and addresses how cybercrime groups might be more organized than you would think. Furthermore, when an organisation has a cyber insurance policy, it might be able to claim the ransom back, which may encourage payment. We will take a look at each of these contributing factors.

Ransomware 56

Ransomware Cyber Insurance Social Engineering Cybercrime 56

BH Consulting

JUNE 13, 2023

Verizon points out that cybercrime risk crosses all sectors regardless of industry vertical, but it provides 10 sectoral snapshots to help readers understand the threats in more depth. MORE UK NCSC calls on the cyber insurance market to become more sophisticated.

Social Engineering 52

Social Engineering Data breaches Scams DDOS 52

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. The proliferation of these guides enables more individuals to enter the cybercrime arena.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

Spinone

OCTOBER 13, 2020

It has been noted that paying a ransom demand only encourages this type of cybercrime and funds it. Educate end users to help them identify suspicious and potentially malicious emails, files, web sites, or other resources. In fact, one report shows that business email compromises are 23% of cyber insurance claims.

Ransomware 52

Ransomware Backups Data breaches Encryption 52