SC Magazine

JULY 14, 2021

FBI’s cyber division personnel in front of a computer screen. New research finds that ransomware atracks have grabbed the attention of leaders across business sectors. The FBI reported an increase of more than 225% in total losses from ransomware in the U.S. in 2020 alone.

Ransomware 98

Ransomware Cyber Insurance Financial Services Retail 98

eSecurity Planet

FEBRUARY 16, 2021

The internet is fraught with peril these days, but nothing strikes more fear into users and IT security pros than the threat of ransomware. A ransomware attack is about as bad as a cyber attack can get. Jump to: What is ransomware? How ransomware works. Preventing ransomware. Ransomware attacks and costs.

Ransomware 97

Ransomware Backups Software Encryption 97

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. Ransomware and how to deal with it.

CISO 142

CISO Insurance Cyber Insurance Phishing 142

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.

Cyber Insurance 52

Cyber Insurance Insurance Cyber Risk Risk 52

Joseph Steinberg

AUGUST 5, 2021

First-party insurance, therefore, typically covers the costs of actions needed after a data breach, extortion, ransomware attack, or other hacker malfeasance. First-party insurers may also pay ransomware ransoms, for the costs of notifying customers of a data breach, and for lost business during incident-related downtime.

Insurance 141

Insurance Risk Data breaches Artificial Intelligence 141

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 102

Risk Artificial Intelligence Cybersecurity Financial Services 102

NetSpi Executives

APRIL 27, 2024

Table of Contents What is ransomware? Ransomware trends Ransomware prevention Ransomware detection Ransomware simulation Ransomware security terms How NetSPI can help What is ransomware? Ransomware adversaries hold the data hostage until a victim pays the ransom. How does ransomware work?

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

CyberSecurity Insiders

APRIL 30, 2021

Combating Ransomware – A Comprehensive Framework for Action provides 48 practical recommendations to curb the rampant spread of this increasingly destructive type of cybercrime. “In Ransomware is an international cybercrime that is multiplying in frequency and severity.

Ransomware 52

Ransomware Government Cyber Insurance Cybercrime 52

CyberSecurity Insiders

JANUARY 20, 2022

Recovery : Critical infrastructure in the wake of an attack, such as ransomware response, searchable back-ups and business resumption (revenue security). Cyber Services Leadership. Acrisure is the intelligence-driven financial services distribution platform of the future.

Insurance 59

Insurance Cyber Risk Small Business Financial Services 59

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 Cyber Insurance 52

Centraleyes

DECEMBER 16, 2024

Ransomware Still Reigns Supreme Ransomware attacks continue to plague organizations globally, and 2025 will be no different. Attackers are becoming more organized, with ransomware-as-a-service (RaaS) operations providing easy access to malicious tools for even novice cybercriminals.

Cybersecurity 52

Cybersecurity Insurance Cyber Insurance Risk 52

eSecurity Planet

JANUARY 11, 2022

Read more: Application Security is Key to Stopping Ransomware, Vendor Says. 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

MAY 11, 2023

I am very surprised that the cyber insurance industry has not required zero trust architecture already, but perhaps the $1.4 Also read: Building a Ransomware Resilient Architecture What All This Means From my vantage point (semi-retired and with lots of time to think, I might add) all this means that one of two things needs to happen.

Insurance 111

Insurance Cyber Insurance Architecture Hacking 111

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 Backups Architecture Encryption 144

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 72

Phishing Mobile Government Cybersecurity 72