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. These tools will help companies stay compliant with evolving regulations while minimizing the risk of data breaches.

Cybersecurity 98

Cybersecurity Insurance Cyber Insurance Risk 98

Hacker's King

DECEMBER 24, 2024

AI-powered malware and phishing schemes can adapt to defenses in real time, making them harder to detect and counter. Expansion of Cyber Insurance As cyberattacks grow in frequency and scale, the demand for cyber insurance will surge. Enhanced Focus on Data Privacy Data breaches have shown no signs of slowing down.

Cybersecurity 59

Cybersecurity Cyber Insurance IoT Insurance 59

Graham Cluley

MAY 20, 2021

Yes, you read that correctly. FORTY MILLION DOLLARS.

Cyber Insurance 143

Cyber Insurance Insurance Ransomware Data breaches 143

Krebs on Security

JULY 24, 2018

The email allowed the intruders to install malware on the victim’s PC and to compromise a second computer at the bank that had access to the STAR Network , a system run by financial industry giant First Data that the bank uses to handle debit card transactions for customers. THE LAWSUIT. ” .” ” . ”

Banking 197

Banking Insurance Computers and Electronics Cyber Insurance 197

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 million per breach. Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2

Social Engineering 141

Social Engineering Cyber Attacks Cyber Insurance IoT 141

Joseph Steinberg

AUGUST 5, 2021

First-party cyber-liability risks refer to risks that directly endanger an organization. If your business cannot operate for three days because it is hit with a malware infection, for example, the three days of downtime inflicted by the cyberattack is first-party damage to your business. First-Party Risks And Coverage.

Insurance 141

Insurance Risk Data breaches Artificial Intelligence 141

BH Consulting

FEBRUARY 24, 2025

Intel471 has a detailed analysis of other significant law enforcement operations in 2024, including against the LockBit ransomware gang and multiple malware droppers. Separately, a survey of 500 businesses commissioned by Chubb found that 89 per cent are planning to expand their cyber insurance coverage. MORE Got crypto?

Cyber Insurance 59

Cyber Insurance Insurance Ransomware Artificial Intelligence 59

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. Trends in Malware attacks. Web-based Attacks. Web Application Attacks.

Cyber threats 134

Cyber threats Insurance Cyber Insurance Ransomware 134

Krebs on Security

DECEMBER 12, 2018

Earlier this year, FICO began touting its Cyber Risk Score (PDF), which seeks to measure an organization’s chances of experiencing a data breach in the next 12 months, based on a variety of measurements tied to the company’s public-facing online assets. In October, FICO teamed up with the U.S.

Cyber Risk 243

Cyber Risk Energy and Utilities Risk Marketing 243

Adam Levin

JUNE 30, 2020

Barely a week goes by without reports of a new strain or variant of malware wreaking havoc among companies. No industry, category, size, or group is safe from this cyber scourge. Preventing data breaches and implementing adequate cybersecurity safeguards was a daunting assignment even before the Covid-19 pandemic.

Ransomware 186

Ransomware Insurance Cyber Insurance Manufacturing 186

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

Security Affairs

JUNE 5, 2020

. “Just like previous data leaks, the Cyble Research Team has also identified and verified this data leak.” “As per our researchers, this data leak includes the company’s cyber insurance documents, various contract calculations worksheets, NASA give review rules, and much more.”

Engineering 145

Engineering Ransomware Cyber Insurance Advertising 145

Security Boulevard

MAY 12, 2022

Even with the advancements in network isolation, containment, and prevention at the endpoint, hackers will still bypass predictive controls to execute malware attacks, ransomware exploits, account takeovers.etc. What Is Not Covered Under Cyber Insurance? Below is a list of adaptive controls needed for cyber insurance.

Cyber Insurance 105

Cyber Insurance Insurance Marketing Firewall 105

Webroot

SEPTEMBER 7, 2023

Depending on the size of the business, one-third to two-thirds of businesses suffer malware attacks in any given year. billion to data breaches and cybercrime. Cyber criminals can mimic trustworthy senders so you need a tool that helps you tell the difference between a safe email and suspicious one.

Encryption 125

Encryption Cyber Insurance Cybercrime Phishing 125

Malwarebytes

SEPTEMBER 14, 2022

Through a combination of web protection, application hardening, and more, EP provides businesses with full attack chain protection against both known and unknown malware, ransomware, and zero-hour threats. A DNS filter prevents you from accessing unsafe websites—including those posing a strong malware risk.

Technology 81

Technology DNS Cyber Insurance Insurance 81

SecureList

NOVEMBER 9, 2022

Malware attacks like ransomware will happen to businesses more frequently. Given the continued surge of ransomware attacks, which soared 288% in the first half of 2022 alone, the need for cyber insurance will be a bigger priority, especially in the SMB market. Irena Yordanova, Product Manager Software, Polycomp Ltd.

Cybersecurity 144

Cybersecurity Cyber Insurance Cybercrime IoT 144

Adam Levin

JULY 8, 2020

Many of these faux-Zoom sites were used to distribute malware under the guise of links to online meetings. 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. All of these can be extinction-level events.

Hacking 130

Hacking Retail Cyber Insurance Authentication 130

Hacker Combat

JULY 31, 2020

Sure, this might sound like something that doesn’t need to be said, but a surprising number of data breaches occur because people neglect to treat security as a priority. Carry Cyber Insurance. This makes carrying a cyber insurance policy with a reputable carrier a good idea. Take It Seriously.

Cybersecurity 69

Cybersecurity Cyber Insurance Insurance Data breaches 69

Digital Shadows

NOVEMBER 26, 2024

“SocGholish” and “LummaC2” are the most frequently observed malware in customer incidents. 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.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

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

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

eSecurity Planet

MARCH 17, 2023

Examples of threatening traffic that IDPS solutions can combat include network intrusions, DDoS attacks, malware, and socially engineered attacks. These software solutions enforce specified security policies for users each time they access a cloud-based resource.

Network Security 120

Network Security Penetration Testing Firewall Software 120

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.

Ransomware 140

Ransomware Cryptocurrency Insurance Cybercrime 140

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 Insurance 100

Digital Shadows

OCTOBER 14, 2024

Major developments this quarter include “Play” transitioning from double-extortion tactics to targeting ESXi environments and the cybersecurity firm Fortinet experiencing a data breach in which 440GB of customer data was compromised. However, some cyber insurance policies explicitly forbid ransom payments.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

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. The same holds true for MSSPs.

Digital transformation 81

Digital transformation Computers and Electronics Cyber Insurance Insurance 81

Spinone

DECEMBER 8, 2016

This can also be one of the reasons behind insufficient security practices with many businesses not realising the full effect of a data breach or ransomware attack until it is too late. What is G Suite Security Insurance? What’s the Best Way to Safeguard Data? There are many G Suite security risks.

Insurance 40

Insurance Small Business Backups Cyber Insurance 40

SecureWorld News

NOVEMBER 22, 2021

In a BEC incident, you're almost certainly going to be handling a combination of: • wire transfers or other financial losses; • compromised sensitive information, such as employee or customer data; • potential email server and data breaches of unknown size; and • branding and reputation issues. BEC-IRP Section 2: Identification.

Scams 98

Scams Cybercrime Accountability Banking 98

Centraleyes

JUNE 11, 2024

Application whitelisting should complement signed software execution policies to restrict the execution of unsigned software and mitigate the risk of malware infiltration. Encrypt and securely store backups offsite to protect critical data from unauthorized access or tampering.

Risk 52

Risk Cyber Insurance Insurance Authentication 52

Pen Test

OCTOBER 10, 2023

The basic attack involves malware that encrypts important files, databases, systems, and more, paralyzing business operations. Double extortion introduces catastrophic risks of data breach and loss of customer trust if sensitive information gets leaked publicly. Use immutable object storage for backups. Don't let patching lag.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52

SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. Nonprofits should also utilize antivirus and anti-malware software to provide an additional layer of protection against threats.

Cybersecurity 104

Cybersecurity Backups Cyber threats Software 104

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. These tools will help companies stay compliant with evolving regulations while minimizing the risk of data breaches.

Cybersecurity 52

Cybersecurity Insurance Cyber Insurance Risk 52

Digital Shadows

NOVEMBER 26, 2024

“SocGholish” and “LummaC2” are the most frequently observed malware in customer incidents. 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.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

Spinone

OCTOBER 13, 2020

First, why is ransomware the fastest growing malware threat? Why Ransomware is the Fastest Growing Malware Threat Since 2016, over 4,000 ransomware attacks have occurred daily. In fact, one report shows that business email compromises are 23% of cyber insurance claims.

Ransomware 52

Ransomware Backups Data breaches Encryption 52

IT Security Guru

FEBRUARY 28, 2023

Cyber insurers are losing money. Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyber risk a potentially uninsurable area due to falling profitability.

Cyber Insurance 131

Cyber Insurance Insurance Marketing Cyber Attacks 131

Centraleyes

MARCH 19, 2024

An effective IRP ensures swift and informed action, from data breaches to malware attacks. In the event of a security breach, an IRP ensures rapid response. Key benefits include shorter downtimes, reduced recovery costs, lower cyber insurance, and fewer fines in heavily regulated sectors.

Risk 52

Risk Backups Technology Cyber threats 52

Malwarebytes

JANUARY 26, 2022

Due to the evolving and growing impact of cybersecurity incidents there are some questions starting to arise about the way that insurance companies deal with the costs that are the results of such incidents. But cyber insurance comes in different flavors and sizes. An act of war? Lloyd’s of London.

Insurance 97

Insurance Cyber Insurance Ransomware Data breaches 97