SecureWorld News

MARCH 20, 2024

In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network. Here, cyber insurance serves as an invaluable safety net by offering essential financial coverage and support services in the event of a ransomware attack occurring.

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Cyber Insurance Insurance Ransomware Risk 112

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

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

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).

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Cyber Insurance Insurance Marketing Cyber Risk 94

SecureWorld News

MARCH 17, 2025

In response, Krispy Kreme immediately engaged external cybersecurity experts, implemented containment measures, and notified federal law enforcement. The timing of the attack, just ahead of a major promotional event, appears designed to disrupt critical revenue streams and shake consumer confidence.

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Cyber Attacks Digital transformation Threat Detection Penetration Testing 109

CSO Magazine

FEBRUARY 21, 2023

By Microsoft Security No matter the industry or company size, businesses of all types must be vigilant when guarding against potential cybersecurity attacks. But enterprise cybersecurity is a team sport involving multiple players—encompassing everything from technology vendors to cyber insurance providers and cyber defense platforms.

Cyber Insurance 70

Cyber Insurance Insurance Technology Cybersecurity 70

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. 4 key takeaways from cyber insurance industry report. Cyber insurance works.

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Cyber Insurance Insurance Ransomware Cyber Attacks 68

Duo's Security Blog

OCTOBER 7, 2022

In fact, a recent report by Howden Insurance Brokers states that the number of brokers reporting rising demand for cyber liability insurance coverage has risen by 89%, and the number of brokers reporting an increase in claims has risen by 72%. Small business cyber insurance: Is it really needed?

Small Business 98

Small Business Cyber Insurance Insurance Cyber Risk 98

Joseph Steinberg

AUGUST 5, 2021

Likewise, the complexity of cybersecurity and of evaluating related risks has also translated into many insurance companies seeking to insure only large enterprises – the cost of doing business with small and medium sized business is simply not worth their time.

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Insurance Cyber Insurance Artificial Intelligence Ransomware 258

SC Magazine

FEBRUARY 8, 2021

Every time a driver buckles up or an airbag is deployed we see the powerful influence of the insurance companies who insisted those measures become mandatory. Now, those insurers are poised to drive cybersecurity investment by insisting that organizations meet certain criteria to qualify for coverage. A maturing model.

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Insurance Cybersecurity Cyber Insurance Government 126

Webroot

JULY 25, 2022

The first in-person event for RSA since the global pandemic had a slightly lower turnout than in years past (26,000 compared to 36,000 attendees). Here are some of the key trends which we observed at this year’s first marquee cybersecurity event post-pandemic: 1. Cyber insurance becomes mainstream discussion.

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Cyber Insurance Insurance Marketing Ransomware 136

Security Boulevard

AUGUST 22, 2022

Has ESG Become aWake-Up Call for Cybersecurity? Even with ransomware costing billions of dollars in losses and cyber insurance claims, organizations are still impacted beyond the checkbook. These attacks have driven the cost of cyber insurance premiums higher. How would these events impact the ESG score?

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance Risk 98

SecureList

NOVEMBER 9, 2022

Every year, Kaspersky experts prepare forecasts for different industries, helping them to build a strong defense against any cybersecurity threats they might face in the foreseeable future. While supply-chain is a big challenge for business right now, its cybersecurity is not merely an issue, it’s a major problem.

Cybersecurity 145

Cybersecurity Cyber Insurance Cybercrime IoT 145

Duo's Security Blog

MAY 23, 2022

Cyber liability insurance can be a lifeline in the event of a major incident or breach. Cyber incidents rose 35% in 2020 with data breaches costing businesses an average of $4.24 million per year , resulting in cyber insurance premiums jumping up by 50-100%. Do you need it? How do you qualify for it?

Insurance 105

Insurance Cyber Insurance Data breaches Backups 105

SecureWorld News

NOVEMBER 2, 2022

In the SecureWorld Spotlight Series, we learn about the speakers and Advisory Council members that make our events a success. In Q&A format, they share about their professional journeys, unique experiences, and hopes for the future of cybersecurity—along with some personal anecdotes. A : I backed into it! A : Enabler.

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Cybersecurity Cyber Insurance Insurance Cyber Risk 98

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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Insurance Cyber Attacks Cyber Insurance Cybersecurity 105

Webroot

AUGUST 19, 2024

Introducing key EDR functionality In today’s rapidly evolving cyber landscape, staying ahead of threats requires not just robust defenses, but also smart, efficient tools that empower defenders without overburdening them. These tools are designed to protect and empower defenders with actionable insights and flexible response options.

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Cyber Insurance Insurance Cyber threats Cybersecurity 118

CyberSecurity Insiders

JANUARY 10, 2023

this tumultuous climate, it’s a safe bet to say that 2023 will be a year in which cybersecurity remains top of mind. It doesn’t matter how good their cyber hygiene, endpoint protection or event analytics are. The market is struggling to hire good cybersecurity teams, and there will be a lot of budget cuts in 2023.

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Cybersecurity Identity Theft Cyber Insurance Digital transformation 108

SecureWorld News

DECEMBER 7, 2022

As the world becomes increasingly reliant on technology, cybersecurity remains a top priority for individuals, businesses, and governments alike. From advancements in artificial intelligence (AI) to the continued evolution of ransomware and cyberattacks, the coming year is sure to bring significant developments in the world of cybersecurity.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance Social Engineering 98

Adam Levin

JUNE 30, 2020

In the same survey, 35 percent thought CEOs should be fined for a cyber failure, and 30 percent wanted to see a CEO lose his or her right to run any company following a serious cyber event. Preventing data breaches and implementing adequate cybersecurity safeguards was a daunting assignment even before the Covid-19 pandemic.

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Ransomware Insurance Cyber Insurance Manufacturing 186

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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Insurance Risk Cyber Insurance Cybersecurity 72

SecureWorld News

AUGUST 18, 2020

Here is Carnival Corporation's ransomware and cyber incident statement, in full: On August 15, 2020, Carnival Corporation and Carnival plc (together, the "Company," "we," "us," or "our") detected a ransomware attack that accessed and encrypted a portion of one brand’s information technology systems. And number one is cyber insurance.

Cyber Insurance 98

Cyber Insurance Ransomware Insurance Technology 98

eSecurity Planet

JANUARY 11, 2022

Information security products , services, and professionals have never been in higher demand, making for a world of opportunities for cybersecurity startups. Investors recognize the potential too, as funding for cybersecurity ventures more than doubled from previous years to almost $22 billion in 2021. Top 10 Cybersecurity Startups.

Cybersecurity 142

Cybersecurity Threat Detection Artificial Intelligence Risk 142

CyberSecurity Insiders

DECEMBER 11, 2021

NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced it is partnering with leading cyber insurance companies to help businesses manage their risks online. As a result, some insurance companies have had to raise premiums to cover their costs.

Cyber Insurance 52

Cyber Insurance Insurance Cyber Risk Risk 52

eSecurity Planet

OCTOBER 18, 2021

A lawsuit working its way through the courts could have a lot to say about the liabilities facing organizations that have been hit by ransomware attacks – and could have implications for cybersecurity preparation and regulation in general. ” Cyber Insurance No Longer Reliable. Hospital’s Operations Hit by Ransomware.

Ransomware 105

Ransomware Cyber Insurance Insurance Digital transformation 105

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. Which Do You Need?

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Insurance Risk Data breaches Artificial Intelligence 141

Security Boulevard

MAY 12, 2022

Is The Cost Of Predictive Cyber Security Worth The Investment? Cybersecurity Events Becoming More Predictable ? With the advancements in cybersecurity science, mathematics and physics, and, of course, a good dose of luck, there is light at the end of the tunnel regarding predictable cybersecurity capabilities.

Cyber Insurance 105

Cyber Insurance Insurance Marketing Firewall 105

Krebs on Security

JULY 24, 2018

Following the 2016 breach, National Bank hired cybersecurity forensics firm Foregenix to investigate. “In its Coverage Determination, Everest further determined that the 2016 Intrusion and the 2017 Intrusion were a single event, and thus, pursuant to the Debit Card Rider, National Bank’s total coverage under the Bond was $50,000.00

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Banking Insurance Computers and Electronics Cyber Insurance 199

SecureWorld News

JANUARY 21, 2024

Battling cybersecurity threats can often feel like an uphill struggle. Nonprofits often juggle tight budgets and unique operational demands, making it even more difficult to keep sensitive information safe—but here's the thing: you don't need a fortune to build a strong defense against the possible cyber threats out there.

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Cybersecurity Backups Cyber threats Software 104

Security Boulevard

JULY 30, 2022

Staying Ahead of the Distortion of a Cyber Attack? One of the most sacred responsibilities of all cybersecurity professionals is protecting information. Each firewall, IDS, MFA, and email security is built to protect and stop cyber attacks. However, do most cybersecurity attacks happen the way it is portrayed?

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Cyber Attacks Artificial Intelligence Education Cyber Insurance 110

SecureWorld News

JANUARY 31, 2024

While this is standard practice for addressing liability within the universe of real estate, deliberate and precise actions are required when negotiating cyber insurance coverage. All stakeholders, including insurers, need to understand whose cyber insurance policy responds to an incident.

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Risk Cyber Insurance Insurance Data breaches 103

CyberSecurity Insiders

DECEMBER 29, 2022

In one of the strange decisions taken by Ohio Supreme Court over a previous judgement pronounced earlier by Ohio Second District Court, the law stated that there must be a direct physical loss or damage to a company in the event of a file encrypting malware disaster.

Software 99

Software Ransomware Insurance Cyber Insurance 99

SecureWorld News

FEBRUARY 6, 2024

New regulatory filings have exposed the skyrocketing costs of major cyber incidents, as big brands Clorox and Johnson Controls admitted collectively suffering more than $75 million in attack-related expenditures last year. Cleaning giant Clorox was struck by an unspecified cyber event discovered in August 2023.

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Insurance Cyber Insurance Cyber Risk Cyber threats 117

Security Boulevard

JANUARY 18, 2024

Cybersecurity risks increase every year and bludgeon victims who fail to prepare properly. Cybersecurity predictions offer a glimpse at the dangerous oncoming traffic and help leaders develop strategies to navigate their journey safely. Those in cybersecurity who fail to look ahead will be crushed by what they don’t see coming.

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Risk Cybersecurity CISO Technology 115

Cytelligence

JANUARY 14, 2020

The rise of cyber insurance – Underwriters will sell more cyber insurance policies for businesses and government agencies such as schools, hospitals and utilities. Insurance companies may guide their policyholders to pay ransoms, as this is generally cheaper than having to recover from a ransomware attack.

Cybersecurity 65

Cybersecurity Cyber Insurance Insurance Ransomware 65

Webroot

SEPTEMBER 24, 2024

For consumers: Stay alert to potential phishing attacks or scams related to global events. Whether it’s during an election, the holiday season, a big sporting event, or a major business transaction, cybercriminals wait for the right moment to maximize damage. Cyber insurance might also be worth looking into as an additional safety net.

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Cyber threats Small Business Scams Cybercrime 114

Malwarebytes

SEPTEMBER 30, 2022

The first is that they handle troves of sensitive data, especially personally identifiable information (PII) , and the second is that they operate on shoestring budgets with little to no cybersecurity staff or leadership buy-in. We’ll break down five best practices for local government cybersecurity in this post.

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Government Cybersecurity Cyber Insurance Insurance 66