Remove Cyber Insurance Remove Data breaches Remove Manufacturing
article thumbnail

The Cyber Insurance Landscape Has Grown More Complicated

SecureWorld News

When considering adding a cyber insurance policy, organizations, both public and private, must weigh the pros and cons of having insurance to cover against harm caused by a cybersecurity incident. Having cyber insurance can help ensure compliance with these requirements. Let's break it down to the pros and cons.

article thumbnail

Top Cybersecurity Trends to Watch Out For in 2025

Centraleyes

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 10 Cybersecurity Trends to Expect in 2025

Hacker's King

Expansion of Cyber Insurance As cyberattacks grow in frequency and scale, the demand for cyber insurance will surge. In 2025, insurers will refine their policies to cover new threats such as ransomware and supply chain attacks, providing businesses with financial safeguards against cyber losses.

article thumbnail

Report: Cyberattacks drive 185% spike in health care data breaches in 2021

SC Magazine

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 Fortified Health report is meant to support health care covered entities in light of the ongoing threats and the rise in data breach numbers. More than 22.8

article thumbnail

Hackers Breached Virginia Bank Twice in Eight Months, Stole $2.4M

Krebs on Security

The driver at fault might make the claim in a lawsuit against the car maker ‘but for your failure to manufacture this part correctly, this accident wouldn’t have occurred.'” “This is a rapidly growing area and a profit center for a lot of insurance companies,” Castagnoli said. ” .”

Banking 198
article thumbnail

Think Ransomware Can’t Put You Out of Business?

Adam Levin

No industry, category, size, or group is safe from this cyber scourge. Manufacturing giant Honda had its networks brought to a standstill by just such an attack. Preventing data breaches and implementing adequate cybersecurity safeguards was a daunting assignment even before the Covid-19 pandemic. What can CEOs do?

article thumbnail

Exploring the Cost of a Data Breach and Its Implications

Centraleyes

According to IBM’s recently released “Cost of a Data Breach” statistics report, the average financial toll of a data breach has surged to an unprecedented $4.45 Regional Disparities in Data Breach Costs The United States emerges with a significantly higher average cost of $9.4