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

Centraleyes

DECEMBER 16, 2024

Verizons Data Breach Investigations Report showed that 74% of security breaches involve a human element, with system administrators and developers accounting for most of these errors. Expect to see more investments in privacy-enhancing technologies (PETs) such as encryption, anonymization, and data masking.

Cybersecurity 98

Cybersecurity Insurance Cyber Insurance Technology 98

Hacker's King

DECEMBER 24, 2024

As the digital landscape evolves, cybersecurity remains a critical concern for businesses, governments, and individuals alike. With the advent of new technologies and rising cyber threats , 2025 promises significant shifts in the cybersecurity domain. Enhanced Focus on Data Privacy Data breaches have shown no signs of slowing down.

Cybersecurity 59

Cybersecurity Cyber Insurance IoT Insurance 59

Adam Levin

AUGUST 26, 2019

The data breach of Capital One was big news, but it was also a familiar story: a major financial company with the budget and means to secure its data didn’t bother to do so, and the personal information of over a hundred million of its customers and applicants was exposed. Cloudy with a Chance of Client Error.

Data breaches 142

Data breaches Cyber Insurance Hacking Insurance 142

Security Boulevard

NOVEMBER 23, 2022

As organizations around the globe grapple with the consequences of data breaches, MSSPs have a unique opportunity to help their clients build and manage mature security programs and employ other necessary protections to keep their businesses safe.

Cyber Insurance 69

Cyber Insurance Insurance Data breaches Risk 69

SC Magazine

APRIL 19, 2021

AIG is one of the top cyber insurance companies in the U.S. Today’s columnist, Erin Kennealy of Guidewire Software, offers ways for security pros, the insurance industry and government regulators to come together so insurance companies can continue to offer insurance for ransomware.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

SC Magazine

JULY 13, 2021

million patients have been impacted by a health care data breach so far in 2021, a whopping 185% increase from the same time period last year where just 7.9 The attacks on our nation’s critical infrastructures, which includes our hospital systems, has resulted in government agencies showing a renewed focus on cybersecurity.”.

Data breaches 113

Data breaches Insurance Healthcare Education 113

Joseph Steinberg

AUGUST 5, 2021

While leveraging cyber-liability insurance has become an essential component of cyber-risk mitigation strategy, cyber-liability offerings are still relatively new, and, as a result, many parties seeking to obtain coverage are still unaware of many important factors requiring consideration when selecting a policy.

Insurance 258

Insurance Cyber Insurance Artificial Intelligence Ransomware 258

Webroot

JULY 25, 2022

Cyber insurance becomes mainstream discussion. As cyberattacks have become more costly and more challenging to track, cyber insurance has gained prominence across the industry. The cyber insurance market is expected to reach around $20B by 2025.

Cyber Insurance 136

Cyber Insurance Insurance Marketing Ransomware 136

Malwarebytes

SEPTEMBER 30, 2022

It seems like not a day goes by where we don’t hear about a local government cyberattack. Indeed, from 911 call centers to public schools , cyberattacks on local governments are as common as they are devastating. Just how often do threat actors attack local governments? Take cyber insurance , for example.

Government 73

Government Cybersecurity Cyber Insurance Insurance 73

BH Consulting

FEBRUARY 24, 2025

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). A reminder here that the UK Government is considering a ban on ransomware payments. MORE Got crypto?

Cyber Insurance 59

Cyber Insurance Insurance Ransomware Artificial Intelligence 59

Krebs on Security

AUGUST 29, 2019

. “But, by rewarding hackers, these companies have created a perverted cycle that encourages more ransomware attacks, which in turn frighten more businesses and government agencies into buying policies.” ” Read the full ProPublica piece here.

Backups 259

Backups Ransomware Insurance Encryption 259

Security Affairs

FEBRUARY 8, 2024

Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches. Data Breach Costs: The average global cost of a data breach in 2023 was $4.45 Data Breach Costs: The average global cost of a data breach in 2023 was $4.45 million per breach.

Social Engineering 141

Social Engineering Cyber Attacks Cyber Insurance IoT 141

SC Magazine

FEBRUARY 8, 2021

But when it comes to cybersecurity coverage, the relationship between enterprises and insurers has been rocky and uncertain. And in a few high-profile cases, insurance companies have bailed. The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. A maturing model.

Insurance 126

Insurance Cybersecurity Cyber Insurance Government 126

Security Boulevard

MAY 12, 2022

Insurance carriers will offer a variety of different policies and coverage, including: Costs associated with an actual data breach, including letters to all affected victims. What Is Not Covered Under Cyber Insurance? For organizations seeking cyber insurance, the road for predictable security runs in parallel.

Cyber Insurance 105

Cyber Insurance Insurance Marketing Firewall 105

Adam Levin

DECEMBER 26, 2018

If you doubt it, consider the recent Chubb survey , which found a 930% increase in cyber insurance claims filed by businesses alongside this: 75% of respondents believing that their companies had “excellent” or “good” cybersecurity practices. Businesses need to be great when it comes to breach response times.

Computers and Electronics 130

Computers and Electronics Government Cyber Insurance Hacking 130

Adam Levin

JULY 8, 2020

federal government to hijack and tamper with government domain name entries. We are all weary of the endless cycle of hacks and data breaches and we’re increasingly blaming businesses that have been compromised rather than the hackers themselves. That spells trouble if you’re the one that gets hacked.

Hacking 130

Hacking Retail Cyber Insurance Authentication 130

Troy Hunt

MARCH 2, 2020

These were companies spanning all sorts of different industries; big tech, general infosec, antivirus, hosting, finance, e-commerce, cyber insurance - I could go on. Anyone can cobble together a website with some APIs and load in a ton of data breaches, but establishing trust is a whole different story.

Data breaches 362

Data breaches Marketing Cyber Insurance InfoSec 362

SC Magazine

FEBRUARY 10, 2021

Sachin Bansal, general counsel at SecurityScorecard, spoke with SC Media about ratings, and how they can be used to strengthen the supply chain, determine cyber insurance premiums and as an investigative tool for an oversight body. But what’s behind the numbers? What does CISA’s recommendation mean toward that goal?

Cyber Insurance 83

Cyber Insurance Insurance Cyber Risk Government 83

eSecurity Planet

AUGUST 9, 2022

GDPR, the EU’s flagship data privacy and “right to be forgotten” regulation, has made the stakes of a data breach higher than ever. See the Top Governance, Risk and Compliance (GRC) Tools. Thus, it can be difficult for even small enterprises to keep up with information security and data privacy compliance.

Data privacy 145

Data privacy Encryption Data breaches Insurance 145

SecureList

NOVEMBER 9, 2022

The contributors include representatives from government institutions: H.E. Dr.Mohamed Al Kuwaiti (UAE Cyber Security Council) , and public organizations: Kubo Ma?ák Arthur Laudrain, Strategic Analyst (Cyber Program), The Hague Centre for Strategic Studies. Next year should see a continuation of existing trends.

Cybersecurity 144

Cybersecurity Cyber Insurance Cybercrime IoT 144

Centraleyes

APRIL 24, 2025

There’s a growing recognition that resilience rather than just certifications or complianceis the true measure of cyber maturity. Cyberattacks, system failures, and data breaches arent IF scenariostheyre WHEN scenarios. Cyber Insurance with AI-Driven Risk Assessments (e.g.,

Penetration Testing 52

Penetration Testing Cyber Insurance Insurance Risk 52

SecureWorld News

MARCH 28, 2024

Data Security Concerns: AI systems rely heavily on data. Breaches or manipulation of this data can compromise the integrity of AI models and lead to unintended consequences. By taking proactive steps, institutions and the government can work together to ensure AI is harnessed for good, not exploited for financial gain.

Risk 108

Risk Artificial Intelligence Cybersecurity Financial Services 108

Security Affairs

JUNE 18, 2024

In some cases, attackers are even leveraging the threat of regulatory actions or causing cyber insurance policies to be rendered moot by reporting lapses in security on the part of the victim to regulators and insurers. Finally, employee training and awareness programs are vital in preventing ransomware attacks.

Ransomware 140

Ransomware Cryptocurrency Insurance Cybercrime 140

SecureWorld News

MAY 2, 2025

At the same time, government and industry regulations are tightening: new FDA cybersecurity requirements for medical devices have come into effect, demanding stronger security controls before devices hit the market. This regulatory environment essentially requires continuous investment in cybersecurity tools, training, and governance.

Healthcare 62

Healthcare Marketing Cybersecurity CISO 62

SC Magazine

MAY 28, 2021

The shutdown of operations of Colonial Pipeline captured the attention of the security community, government and consumers that suddenly couldn’t fill their gas tanks. That then begs the question of government’s role. Colonial Pipeline also heightened discussion about the influence of ransomware attacks on cyber insurance.

Insurance 117

Insurance Ransomware Government Risk 117

Security Affairs

APRIL 24, 2022

T-Mobile confirms Lapsus$ had access its systems Are you using Java 15/16/17 or 18 in production? Patch them now!

Cyber Insurance 100

Cyber Insurance Spyware Firmware Hacking 100

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

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. The FBI regularly warns businesses, non-profit organizations, and governments about the dangers posed by BEC scams.

Scams 130

Scams Identity Theft Accountability Phishing 130

Security Boulevard

JUNE 26, 2022

Cost of Breach Could Be Greater Than The Expected Cost Savings. IBM’s annual Cost of a Data Breach study revealed a single data breach could cost a company up to $3.29 That $3.29, even with cyber insurance, is still a significant hit to the organization’s bottom line.

Information Security 98

Information Security Technology Marketing Data breaches 98

SiteLock

AUGUST 27, 2021

Attendees of OTA’s Data Privacy & Protection Day Town Halls also contributed to the guide, which include representatives from top government agencies such as the FBI, FTC, and State Attorney General’s Offices. Furthermore, 37% of all data breaches were caused by an insider within the company.

Data breaches 40

Data breaches Cyber Insurance Data privacy Insurance 40

BH Consulting

JUNE 22, 2021

Are there policies and procedures in place to ensure good governance of information security? Like all insurance, though, there is good and bad. You could argue cybersecurity insurance is useful because it makes people think of business risk, not just IT problems. By contrast, large organisations tend to do this right.

Insurance 83

Insurance Cybersecurity Cyber Insurance Cyber Risk 83

SC Magazine

JULY 2, 2021

An exterior view of the Anthem Health Insurance headquarters. About 80 million company records were accessed in one of the largest health care data breaches. Other major settlements stemmed from covered entities that failed to provide adequate breach notification. This trend is not so good.”.

Insurance 88

Insurance Cyber Insurance Data breaches Media 88

eSecurity Planet

MARCH 17, 2023

It also helps organizations to organize and assess data for vulnerabilities and determine an appropriate response plan in the case of a data breach. In worst-case scenarios, these firms should cover your business if you’re impacted by a data breach that leaks sensitive information and leads to fines and legal fees.

Network Security 120

Network Security Penetration Testing Firewall Software 120

Hacker's King

OCTOBER 10, 2024

In today’s digital era, where cyber threats are constantly evolving, cybersecurity companies play a crucial role in protecting individuals, businesses, and governments from malicious attacks. This proactive approach is highly valued in industries where data breaches could be catastrophic.

Cybersecurity 52

Cybersecurity Cyber Insurance Insurance Penetration Testing 52

Centraleyes

JUNE 11, 2024

NIST tags: Protect/Detect Exercise a System Recovery Plan Develop and regularly review a comprehensive system recovery plan to ensure business continuity during system disruptions or data breaches. Encrypt and securely store backups offsite to protect critical data from unauthorized access or tampering.

Risk 52

Risk Cyber Insurance Insurance Authentication 52

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 figures come from An Garda Siochana, the Irish police force, supplied to the Irish Government via the Department of Justice.

Social Engineering 52

Social Engineering Data breaches Scams Ransomware 52