SC Magazine

JUNE 28, 2021

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. Photo by Spencer Platt/Getty Images). But recent research shows that’s not happening.

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Cyber Insurance Insurance Ransomware Marketing 136

SecureWorld News

APRIL 17, 2023

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. Can companies live without cyber insurance?

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Cyber Insurance Insurance Risk CISO 115

eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. AI, told eSecurity Planet.

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Cyber Insurance Insurance Cyber Attacks Ransomware 130

Schneier on Security

SEPTEMBER 10, 2019

From the conclusion: Policy makers have long held high hopes for cyber insurance as a tool for improving security. Cyber insurance appears to be a weak form of governance at present. The private governance role of cyber insurance is limited by market dynamics.

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Insurance Cyber Insurance Cybersecurity Risk 241

Security Boulevard

OCTOBER 13, 2021

Will NYDFS’s Cyber Insurance Framework Set a Precedent for the Cyber Insurance Industry? As ransomware attacks reach unprecedented numbers and the number of record exposures continues to skyrocket, an increasing number of organizations are at risk of attack—and the cyber insurance industry is taking note.

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Cyber Insurance Insurance Risk Ransomware 115

CyberSecurity Insiders

MARCH 18, 2021

After the SolarWinds cyber attack on Govt infrastructure, the government of United States seems to have taken Cybersecurity as a top priority to rectify any flaws that could make way to any future cyber attacks in the future. Maintain a senior management and board approved cyber insurance risk strategy. ·

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Cyber Insurance Insurance Cyber Risk Cyber Attacks 111

Joseph Steinberg

JULY 8, 2021

Note: In an article that I am writing together with Mark Lynd, Head of Digital Business at NETSYNC, and that will appear on this website next week, we will discuss some of the important Considerations when purchasing cyber insurance. Cyberattacks can even kill businesses.

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Insurance Cyber Insurance Cybersecurity Small Business 364

Krebs on Security

OCTOBER 1, 2020

federal government if the crooks who profit from the attack are already under economic sanctions, the Treasury Department warned today. government, they still can be fined either way, said Ginger Faulk , a partner in the Washington, D.C. Image: Shutterstock. jurisdiction) and making it a crime to transact with them.

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Ransomware Cyber Insurance Insurance Cybercrime 363

Schneier on Security

FEBRUARY 13, 2019

Zurich Insurance has refused to pay Mondelez International's claim of $100 million in damages from NotPetya. Those turning to cyber insurance to manage their exposure presently face significant uncertainties about its promise. Yet no cyber insurance policies cover this entire spectrum. Mondelez is suing.

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Cyber Insurance Insurance Cyber Risk Risk 244

Security Boulevard

JANUARY 25, 2024

The growing number and sophistication of cyberattacks and the financial impact such incidents can have a company’s financial picture are driving more organizations to take out cybersecurity insurance, according to a survey from endpoint management firm Recast Software.

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Cyber Insurance Insurance Software Cybersecurity 104

Schneier on Security

MARCH 8, 2019

This will complicate things: To complicate matters, having cyber insurance might not cover everyone's losses. Zurich American Insurance Company refused to pay out a $100 million claim from Mondelez, saying that since the U.S.

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Insurance Cyber Insurance Cybersecurity Government 219

Security Boulevard

DECEMBER 7, 2022

The post Demystifying Cyber Insurance: 7 Key Security Controls Every Organization Should Have appeared first on Security Boulevard. 7 Key Security Controls Every Organization Should Have. .

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Cyber Insurance Insurance Risk Government 98

Malwarebytes

APRIL 27, 2022

Personal insurance plans are slowly becoming a more visible and talked about topic. I’m fascinated to see talk of personal cyber insurance , in an area dominated by business. The plans referenced in the article are for people seeking cyber insurance in India. A brave new world, or same-old same-old?

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Cyber Insurance Insurance Backups Cryptocurrency 92

SC Magazine

MAY 24, 2021

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

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Cyber Insurance Insurance Marketing Cyber Risk 94

SecureWorld News

MAY 26, 2021

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year. cyber insurance market.

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Cyber Insurance Insurance Cyber Risk Marketing 68

The Last Watchdog

SEPTEMBER 14, 2018

It’s easy to think of it as a problem the federal government must address or something that enterprises deal with, but cybersecurity has to be addressed closer to home, as well. His company supplies a co-managed SIEM service to mid-sized and large enterprises, including local government agencies. I spoke to A.N. Election threat.

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Government Cyber Insurance Digital transformation Hacking 147

SC Magazine

MAY 19, 2021

Today’s special columnist, Scott Register of Keysight Technologies, says government and industry must come together to secure the nation’s critical infrastructure in the wake of the Colonial Pipeline hack. The post How the ransomware explosion is reshaping the cyber insurance market appeared first on SC Media.

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Cyber Insurance Insurance Marketing Ransomware 102

Security Boulevard

OCTOBER 21, 2024

It is good to see US government leaders realize that ransomware is a growing existential threat to our country, at the hands of our adversaries. A top US national cybersecurity advisor stated in a recent op-ed , “This is a troubling practice that must end.” The government is looking at ways to disrupt ransomware attacks.

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Ransomware Insurance Cyber Insurance Government 75

Security Boulevard

JUNE 1, 2022

cyber insurance carriers in 2021 rose 92% year-over-year, largely in response to a surge in ransomware. Cyber risk insurers are also declining coverage to companies with substandard cybersecurity controls, as well as changing the fine print for sublimits to reduce coverage for types of losses one by one.

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Cyber Insurance Insurance Cyber Risk Risk 72

Hacker's King

DECEMBER 24, 2024

As the digital landscape evolves, cybersecurity remains a critical concern for businesses, governments, and individuals alike. With the advent of new technologies and rising cyber threats , 2025 promises significant shifts in the cybersecurity domain.

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Cybersecurity Cyber Insurance IoT Insurance 59

Dark Reading

JUNE 7, 2023

By stepping in to provide aid, the federal government could help protect companies, insurers, and the economy from the impact of a widespread, catastrophic cyberattack.

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Insurance Cyber Insurance Government 93

CyberSecurity Insiders

DECEMBER 9, 2021

In a recent study made by Gartner, Lloyd’s emerged as a top company that increased its coverage premiums by 50% in 2021, all because of a global impact of ransomware attacks on corporate and government networks. The post Insurance company says it will no longer cover state funded Cyber Attacks appeared first on Cybersecurity Insiders.

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Insurance Cyber Attacks Cyber Insurance Manufacturing 134

Security Boulevard

NOVEMBER 23, 2022

The post What Every MSSP Needs to Know About Cyber Insurance appeared first on Security Boulevard.

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Cyber Insurance Insurance Data breaches Risk 69

Security Affairs

JULY 8, 2019

Government computer systems at La Porte County, Indiana, were shut down after a cyber attack hit them on July 6. On July 6, a cyber attack brought down government computer systems atLa Porte County, Indiana. The post Cyberattack shuts down La Porte County government systems appeared first on Security Affairs.

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Government Insurance Cyber Insurance Cyber Attacks 106

Security Boulevard

JULY 29, 2021

On this episode of The View With Vizard, host Mike Vizard talks with Max Pruger, general manager of compliance for Kaseya, about the pros and cons, benefits and pitfalls of cyber insurance. The post The Perils of Cyber Insurance appeared first on Security Boulevard. Mike Vizard: Hey, guys. Thanks for the __.

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Cyber Insurance Insurance Security Awareness Risk 52

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.

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Insurance Cyber Insurance Ransomware InfoSec 113

Centraleyes

DECEMBER 16, 2024

Industries such as finance and government will likely begin exploring post-quantum cryptography to future-proof their systems. Insurance Becomes a Necessity The rise of high-profile cyberattacks has led to increased demand for cyber insurance.

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Cybersecurity Insurance Cyber Insurance Risk 98

Threatpost

NOVEMBER 30, 2021

The insurer won’t pay for 'acts of cyber-war' or nation-state retaliation attacks. .

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Insurance Cyber Insurance Government Malware 96

Security Boulevard

APRIL 28, 2022

The post Cyber Insurance: What to Know for 2022 and Beyond appeared first on Hyperproof. The post Cyber Insurance: What to Know for 2022 and Beyond appeared first on Security Boulevard.

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Cyber Insurance Insurance Cybersecurity Data privacy 52

Webroot

JULY 25, 2022

Cyber insurance becomes mainstream discussion. As cyberattacks have become more costly and more challenging to track, cyber insurance has gained prominence across the industry. The cyber insurance market is expected to reach around $20B by 2025. million.

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Cyber Insurance Insurance Marketing Ransomware 136

Malwarebytes

SEPTEMBER 30, 2022

It seems like not a day goes by where we don’t hear about a local government cyberattack. Indeed, from 911 call centers to public schools , cyberattacks on local governments are as common as they are devastating. Just how often do threat actors attack local governments? Take cyber insurance , for example.

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Government Cybersecurity Cyber Insurance Insurance 67

SecureWorld News

FEBRUARY 5, 2025

Leverage cyber insurance to mitigate financial risks associated with supply chain attacks. Address the talent shortage with focused initiatives Expand government incentives for cybersecurity education and mid-career training. Encourage organizations to offer apprenticeships and upskilling programs.

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InfoSec Energy and Utilities Cybersecurity Education 70

Security Boulevard

NOVEMBER 15, 2022

As an MSP/MSSP, getting questions about cyber insurance from your clients can be overwhelming. You must deal with external factors – coverages are changing, some carriers are dropping coverages, and suddenly MS(S)Ps are stuck in the middle, handling client relationships as the proxy between insurance and the client.

Cyber Insurance 52

Cyber Insurance Insurance Risk Government 52

SC Magazine

FEBRUARY 8, 2021

But when it comes to cybersecurity coverage, the relationship between enterprises and insurers has been rocky and uncertain. And in a few high-profile cases, insurance companies have bailed. The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. A maturing model.

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Insurance Cybersecurity Cyber Insurance Government 126

SecureWorld News

OCTOBER 5, 2020

The OFAC Advisory on these cybercrime payments specifically warns financial institutions, cyber insurance firms, and companies that facilitate payments on behalf of victims, that they may be violating OFAC regulations. sanctions, which Treasury calls a cyber nexus. But cyber lawyers across the U.S. That is why the U.S.

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Government Ransomware Cyber Insurance Cybercrime 74

CSO Magazine

MARCH 17, 2022

The ransomware industry has become increasingly adept at generating demand.

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Ransomware Cyber Insurance Insurance Government 113

Security Affairs

JANUARY 14, 2019

According to the cyber security community, NotPetya is a cyber weapon develped by Russia to hit the Ukrainian government. The overall damages that insurance firms would probably have to cover reach over $80bn. SecurityAffairs – Mondelez, cyber insurance). Pierluigi Paganini.

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Cyber Insurance Insurance Cyber Attacks Advertising 109