SecureWorld News

MARCH 17, 2025

Although there remains some ambiguity over whether ransomware was employed, the Play ransomware gang later claimed responsibility , alleging that sensitive data, such as payroll records, contracts, tax documents, and customer financial information, was exfiltrated.

Cyber Attacks 113

Cyber Attacks Digital transformation Threat Detection Penetration Testing 113

Krebs on Security

AUGUST 29, 2019

-based PerCSoft is a cloud management provider for Digital Dental Record (DDR), which operates an online data backup service called DDS Safe that archives medical records, charts, insurance documents and other personal information for various dental offices across the United States. ” Read the full ProPublica piece here.

Backups 255

Backups Ransomware Insurance Encryption 255

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). Chainalysis figures showed more victims are refusing to pay compared to the previous year.

Cyber Insurance 59

Cyber Insurance Insurance Ransomware Artificial Intelligence 59

Krebs on Security

JULY 24, 2018

Verizon also told the bank that the malware the attackers used to gain their initial foothold at the bank in the 2017 breach was embedded in a booby-trapped Microsoft Word document. “The serious brokers who are out there selling cyber insurance all say the same thing: Have an expert help you to write your policy,” she said.

Banking 197

Banking Insurance Computers and Electronics Cyber Insurance 197

Security Affairs

MAY 1, 2020

Anyway, the group explained that they did not encrypt the bank documents in February, because it “was at least incorrect during the world pandemic” The stolen data includes 4 million unique credit card records, and 140,000 allegedly belonging to USA citizens. ” reads a post published by Cyble.

Ransomware 145

Ransomware Banking Cyber Insurance Advertising 145

Adam Levin

JUNE 30, 2020

High-profile entertainment law firm Grubman Shire Meiselas & Sacks suffered a one-two punch of infection via REvil ransomware followed by a dark web auction of the firm’s client documents. Small companies get hit all the time, but when they go out of business as a result it’s not news. What can CEOs do?

Ransomware 186

Ransomware Insurance Cyber Insurance Manufacturing 186

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. We spent months preparing the document, regularly working until all hours to flesh it out as comprehensively as possible. The point is the net was cast very wide.

Data breaches 361

Data breaches Marketing Cyber Insurance InfoSec 361

Centraleyes

APRIL 24, 2025

Cyber Insurance with AI-Driven Risk Assessments (e.g., Coalition, Resilience)** How they help Cyber insurers now use AI models to assess an organization’s risk posture in real time, adjusting premiums based on proactive security measures.

Penetration Testing 52

Penetration Testing Cyber Insurance Insurance Risk 52

Security Affairs

FEBRUARY 8, 2024

Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Cyber Skills Gap: By 2025, there could be 3.5 million unfilled cyber security jobs, showing a big need for skilled professionals. Data Breach Costs: The average global cost of a data breach in 2023 was $4.45 million per breach.

Social Engineering 142

Social Engineering Cyber Attacks Cyber Insurance IoT 142

CyberSecurity Insiders

DECEMBER 6, 2022

Someone in IT places a phone call and gets asked whether the company has cyber insurance. Your IR plan should contain the contact information for everyone who might be needed, from your service providers to key employees to outside counsel to, yes, the insurance provider. Include contact information.

Insurance 139

Insurance Cyber Insurance Ransomware Risk 139

Security Affairs

JULY 8, 2019

The good news is that La Porte County has a cyber insurance that will cover part of the costs sustained to restore the activity after the attack. “Mullen Coughlin will also assist in preparing documentation to report the attack to the FBI and other appropriate law enforcement agencies, Kora said.” ” Kora added.

Government 108

Government Insurance Cyber Insurance Cyber Attacks 108

Cisco Security

JANUARY 10, 2023

As a result of this, next year we could see CISOs tightening up the disclosure decision making process, focusing on quicker and greater clarity on breach impact, and even looking to include personal liability cover in cyber insurance contracts. Increasing demands from insurers.

CISO 142

CISO Insurance Cyber Insurance Ransomware 142

SecureList

NOVEMBER 9, 2022

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. As such, we anticipate a booming cyber insurance industry as many organizations heed these warnings and seek to guard against ransomware attacks.

Cybersecurity 144

Cybersecurity Cyber Insurance Cybercrime IoT 144

eSecurity Planet

OCTOBER 5, 2021

These types of contracts can be made with key customers that require a response to be documented in a certain fashion or handled by vendors certified to perform forensics. Sometimes organizations enter into contractual agreements that specifically determine how they need to respond to a ransomware incident.

Ransomware 139

Ransomware Insurance Cyber Insurance Healthcare 139

Malwarebytes

JANUARY 15, 2023

The schools, attacked by the group known as Vice Society, have had multiple documents leaked online in the wake of the attack. Other, unnamed confidential documents were seen which belong to a variety of other schools from across all parts of the UK. One school reports roughly 18,680 documents having been stolen.

Ransomware 91

Ransomware Backups Education VPN 91

CyberSecurity Insiders

OCTOBER 26, 2022

From a budgetary standpoint, ransom payments and cyber insurance premiums have continued to rise over time. The plan should carefully document security controls and include proactive steps to manage supply chain partner risk. Organizations should develop a comprehensive incident response plan.

Ransomware 120

Ransomware Cyber Insurance Insurance Cyber Attacks 120

SecureWorld News

DECEMBER 1, 2022

Well documented policies and standards for employees (data handling). Cyber insurance (critical). Training for employees (awareness). Privacy training, specifically. Enterprise endpoint protection and remediation (anti-malware, anti-virus software). Endpoint encryption for all laptops. Intrusion detection and response.

InfoSec 98

InfoSec Cyber Insurance Consumer Protection Insurance 98

Malwarebytes

SEPTEMBER 12, 2022

For further reading, see this document. In addition to an EDR solution, we recommend cyber insurance to mitigate worst-case scenarios. Document systems pre- and post-patching. Documenting the state of your systems before and after a patch is applied is essential. Test the patch stability.

Cyber Insurance 86

Cyber Insurance Risk Insurance Data breaches 86

Security Boulevard

JULY 30, 2022

In that case, they may upload fake documents that tell employees to transfer money from their accounts into the criminals’ accounts or compromise their security even more. Will cyber insurance continue to be an option that organizations can rely on? Distortion hacks are becoming more common.

Cyber Attacks 110

Cyber Attacks Artificial Intelligence Education Cyber Insurance 110

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. Additionally, securing internal documents with encrypted storage and using safe file-sharing platforms is crucial, especially when sharing externally.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

Webroot

SEPTEMBER 24, 2024

For consumers: Keep personal backups of important files (photos, documents, etc.) presidential election in fall 2024, the cyber landscape is expected to get even more dangerous. Cyber insurance might also be worth looking into as an additional safety net. on an external drive or in the cloud.

Cyber threats 114

Cyber threats Small Business Scams Cybercrime 114

The Last Watchdog

APRIL 18, 2019

Imposing just the right touch of policies and procedures towards mitigating cyber risks is a core challenge facing any company caught up in digital transformation. Related: Data breaches fuel fledgling cyber insurance market. Enterprises, especially, tend to be methodical and plodding.

Digital transformation 113

Digital transformation Cyber Risk Risk Penetration Testing 113

BH Consulting

JUNE 22, 2021

Often, they also want bidders to produce supporting documents like the executive summary of a penetration test report. Sometimes, contracts or proposals ask suppliers for both cybersecurity insurance and documented security controls. What security measures will the insurance company ask you to have?

Insurance 83

Insurance Cybersecurity Cyber Insurance Cyber Risk 83

SecureWorld News

JUNE 18, 2020

MaxLinear remained firm even as Maze began to leak "teaser" documents it stole during the attack to increase payment pressure, a common tactic used in this form of ransomware: "On June 15, 2020, the attacker released online certain proprietary information. We have no plans to satisfy the attacker's monetary demands.".

Ransomware 62

Ransomware Insurance Cyber Insurance Manufacturing 62

Malwarebytes

DECEMBER 20, 2022

There is no indication how much data has been stolen, but the listing mentions “Private, personal data, clients documents, passports, ID, etc” The proposed publication date for some or all of these files should demands not be met is currently tagged as December 27.

Ransomware 94

Ransomware Backups Cyber Insurance Encryption 94

SC Magazine

JULY 2, 2021

For the Impact Advisors, many providers engage with their cyber insurance provider to assist with the breach response efforts. Further, entities should proactively engage with cyber insurers, many of which will provide free tabletop exercises. “We

Insurance 88

Insurance Cyber Insurance Data breaches Media 88

Duo's Security Blog

JUNE 9, 2022

Or, check out some additional resources we’ve compiled, like: Cyber Liability Insurance: What You Need to Know , a helpful guide for organizations considering cyber insurance An overview of Duo’s device visibility features Documentation for the Duo Device Health Application.

Insurance 97

Insurance Marketing CISO Cyber Insurance 97

Cytelligence

JANUARY 27, 2020

Unfortunately, the citizens of the country had to pay the ransom as the city had no cyber insurance. Having cyber insurance meant the city only had to pay a small fee to get their systems back up and running. Having cyber insurance meant the city only had to pay a small fee to get their systems back up and running.

Ransomware 53

Ransomware Cyber Insurance Insurance Encryption 53

Digital Shadows

OCTOBER 14, 2024

English-speaking countries, particularly the US, UK, Canada, and Australia, have well-developed insurance markets and higher cybersecurity awareness, resulting in higher ransomware insurance adoption. However, some cyber insurance policies explicitly forbid ransom payments.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

eSecurity Planet

FEBRUARY 16, 2021

Attackers can fool even sophisticated users into clicking on an invoice they are expecting, or a photograph that is ostensibly from someone they know, or a document that appears to have come from their boss. If the attacker is determined, it is almost impossible to prevent them from finding a way to entice an employee. Block Executables.

Ransomware 97

Ransomware Backups Software Encryption 97

SecureWorld News

MAY 28, 2020

If you've purchased life insurance, you may have decided on a policy with the help of their technology. Compulife and NAAIP are direct competitors in a niche industry: they both generate life insurance quotes for brokers who sell insurance. Hacker hired to perform corporate espionage. Cybersecurity podcast.

Insurance 66

Insurance Computers and Electronics Cyber Insurance Hacking 66

eSecurity Planet

AUGUST 9, 2022

In one example several years ago, a Massachusetts hospital discontinued its practice of clearly labeling large trash receptacles dedicated to the disposal of documents containing HIPAA-protected patient PII. While the practice may have enhanced actual compliance, it also advertised to identity thieves precisely where to look.

Data privacy 145

Data privacy Encryption Data breaches Insurance 145

SecureWorld News

NOVEMBER 22, 2021

Unless you're in a special situation, it can be as simple as stating: "The Business Email Compromise Incident Response Plan (BEC-IRP) documents the strategies, personnel, procedures, and resources required to respond to a BEC incident. If you have cyber insurance, will it cover some or all BEC incidents?

Scams 98

Scams Cybercrime Accountability Banking 98

SecureWorld News

JANUARY 21, 2024

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. Financial risks and consequences Various cyberattacks on nonprofits can lead to direct financial losses through stolen funds or ransom demands.

Cybersecurity 105

Cybersecurity Backups Cyber threats Software 105

Centraleyes

MAY 6, 2024

A good use case of this model would be the underwriting industry using a ChatGPT-like bot to process insurance claims. She types these seven words: “Is the claim covered by the policy? The endorsement expands the definition of a security failure or data breach to include events caused by artificial intelligence.

Insurance 52

Insurance Artificial Intelligence Marketing Cyber Insurance 52

Webroot

SEPTEMBER 27, 2024

For consumers: Keep personal backups of important files (photos, documents, etc.) presidential election in fall 2024, the cyber landscape is expected to get even more dangerous. Cyber insurance might also be worth looking into as an additional safety net. on an external drive or in the cloud.

Cyber threats 59

Cyber threats Small Business Scams Cybercrime 59

Pen Test

OCTOBER 10, 2023

With double extortion, the attackers not only lock up critical data and systems, but also threaten to publish sensitive documents, like customer records, financial statements, intellectual property, or personal emails, if the ransom goes unpaid. Businesses will need to demonstrate cyber risk management to get the best premiums.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52