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.

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SecureWorld News

MARCH 28, 2024

Department of Treasury on March 27th released a report titled "Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector." The report highlights the growing concern around artificial intelligence (AI) and its potential to introduce new cybersecurity threats to the financial industry.

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Heimadal Security

MAY 11, 2021

a global insurance organization based in Paris that also provides investment management and other financial services, has disclosed on Thursday that it will halt cyber insurance policies in France that refund those affected by ransomware attacks for payment made to hackers.

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SecureWorld News

NOVEMBER 2, 2022

In the private sector, he was a CISO for an insurance company, credit card processor, bank, credit union, and IT Managed Service Provider. He has also succeeded in other IT risk management roles in the financial services, technology, telecom, and logistics industries. He lives in Seattle with his wife and six kids.

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The Last Watchdog

MARCH 1, 2019

SOAR, if you haven’t heard, is a hot new technology stack that takes well-understood data mining and business intelligence analytics methodologies — techniques that are deeply utilized in financial services, retailing and other business verticals – and applies them to cybersecurity. Sutton: Syncurity has several innovations.

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Joseph Steinberg

AUGUST 5, 2021

This article is sponsored by iBynd which enables MSP’s, Cybersecurity companies, Cloud providers and other technology and Financial Service companies to seamlessly integrate a Cyber Liability Insurance product offering to their Small and Medium sized business customers.

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SC Magazine

JULY 14, 2021

In addition, having cyber insurance coverage in place does not guarantee an organization can recoup losses associated with a ransomware attack. Some 80% of respondents who paid a ransom say they experienced a subsequent attack.

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CyberSecurity Insiders

APRIL 20, 2023

Bank of America has expressed its concerns over Lloyd’s recent policy decision to exclude cyber insurance coverage for large corporations hit by cyber attacks funded by adversary states. As of now, it offers a standard policy under which a company needs to follow all security procedures to be covered under the attack.

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CyberSecurity Insiders

JANUARY 20, 2022

Joining Meara is Adam Abresch, EVP of Cyber Solutions, who leads Acrisure’s Cyber Insurance Practice and has been recognized as a NetDiligence Rising Star. Acrisure is the intelligence-driven financial services distribution platform of the future.

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CyberSecurity Insiders

DECEMBER 14, 2021

Cyber Risk Assessments powered by MyCyberScorecard also enable collaboration between business and system owners to bridge the gap between policies, controls and operations.

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NetSpi Executives

APRIL 27, 2024

Some can’t afford not to pay, and some are covered by cyber insurance. Should I get a ransomware cyber insurance policy? Many organizations have used cyber insurance to recover from ransomware attacks. About 1 in 4 victims pay the ransom. To date, the largest known ransom payment is $70 million.

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CyberSecurity Insiders

APRIL 30, 2021

The 48 recommended actions provide guidance for dealing with the complexities of the ransomware epidemic, from the role of cyber insurance, to cryptocurrency, to safe havens for threat actors.

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eSecurity Planet

FEBRUARY 16, 2021

Healthcare and financial services are the most attacked industries. As ransomware keeps at its current pace, we see a boom in cyber insurance sales (see Ransomware Insurance: Cyber Insurance May Be the Best Protection ). Ransomware facts. Make a plan to beef up your defenses against ransomware.

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Centraleyes

DECEMBER 16, 2024

Attackers are becoming more organized, with ransomware-as-a-service (RaaS) operations providing easy access to malicious tools for even novice cybercriminals. Current cybersecurity trends show that attackers are now targeting critical infrastructure, healthcare, and financial services, leading to massive disruptions.

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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.

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eSecurity Planet

MAY 11, 2023

I am very surprised that the cyber insurance industry has not required zero trust architecture already, but perhaps the $1.4 I am waiting for the insurance companies to mandate zero trust for the organizations they insure. Perhaps with the Merck ruling, the cyber insurers finally got the financial incentive to do so.

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eSecurity Planet

JANUARY 11, 2022

Currently ideal for industries like financial services managing sensitive data, Cape Privacy’s Snowflake is an innovative multi-party computation (MPC) platform that prevents single points of failure and ensures compliance. Cowbell Cyber.

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eSecurity Planet

AUGUST 9, 2022

Other industry standards too can have the force of “pseudo-law” – notably, the NIST Cybersecurity Framework, which federal regulators often apply to financial-services firms and government contractors. Thus, it can be difficult for even small enterprises to keep up with information security and data privacy compliance.

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Duo's Security Blog

JULY 6, 2021

Regulators who oversee other industries will adopt these requirements for healthcare, financial services, utilities, etc., Cyber Insurers, regulators and customers will expect these controls to be present, regardless of public or private status. and expected controls for those environments will follow.

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eSecurity Planet

JUNE 1, 2021

” Lookout data indicates that about 15 percent of financial services employees encountered a mobile phishing attempt each quarter in 2020. ” Further reading: Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs. . … Attacks are more difficult to spot on mobile. Nation-State Interests.

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