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. eflon CreativeCommons CC BY 2.0.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

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.

Risk 78

Risk Artificial Intelligence Cybersecurity Financial Services 78

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.

Insurance 52

Insurance Cyber Attacks Cyber Insurance Financial Services 52

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.

Cybersecurity 89

Cybersecurity Cyber Insurance Insurance Cyber Risk 89

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.

Ransomware 98

Ransomware Cyber Insurance Financial Services Retail 98

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.

Insurance 141

Insurance Risk Data breaches Artificial Intelligence 141

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.

Insurance 59

Insurance Cyber Risk Small Business Financial Services 59

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 Phishing 142

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.

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

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.

Cyber Risk 52

Cyber Risk Risk Insurance Digital transformation 52

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.

Threat Detection 193

Threat Detection Digital transformation Marketing Firewall 193

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.

Ransomware 52

Ransomware Government Cyber Insurance Cybercrime 52

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.

Data privacy 145

Data privacy Encryption Data breaches Insurance 145

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.

Ransomware 97

Ransomware Backups Software Encryption 97

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.

Insurance 109

Insurance Cyber Insurance Architecture Hacking 109

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.

Government 144

Government Architecture Backups Encryption 144

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.

Cybersecurity 142

Cybersecurity Threat Detection Artificial Intelligence Risk 142

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.

Phishing 70

Phishing Mobile Government Cybersecurity 70