Security Affairs

APRIL 16, 2025

The company holds cyber insurance and informed federal authorities. Follow me on Twitter: @securityaffairs and Facebook and Mastodon Pierluigi Paganini ( SecurityAffairs hacking,data breach) So far, the stolen data hasnt appeared on the dark web or publicly released.

Data breaches 111

Data breaches Government Cyber Insurance Business Services 111

CyberSecurity Insiders

DECEMBER 26, 2022

Insurance companies like Lloyd offer cyber insurance policies that cover a business from facing a business loss during a cyber-attack. However, in coming days, cyber attacks will become uninsurable, as per Mario Greco, the Chief of Zurich Insurance. So, will cyber insurance vanish with time?

Insurance 129

Insurance Cyber Attacks Cyber Insurance Ransomware 129

CyberSecurity Insiders

NOVEMBER 15, 2022

Cyber Insurance premiums are becoming dearer and the reason for such a rise is claimed to be sophistication in attacks that are making mitigation and recovery expensive. Most companies are showing laxity in following basic cyber security hygiene, leading to a surge in cyber-attacks and data breaches.

Cyber Insurance 84

Cyber Insurance Insurance Marketing Ransomware 84

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. That in itself has evolved, as insurers and insured learn just how expensive that fallout can be.

Cyber Insurance 102

Cyber Insurance Insurance Marketing Ransomware 102

CyberSecurity Insiders

FEBRUARY 21, 2023

But now a new file encrypting malware variant has emerged onto the block that demands ransom, based on the insurance cover. ransomware does so during negotiations and tries to find the exact amount to be covered with the cyber insurance and then demands ransom.

Insurance 124

Insurance Ransomware Cyber Insurance Encryption 124

Security Boulevard

AUGUST 25, 2022

announced that it will require its underwriters, globally, “to exclude catastrophic state-backed hacks from stand-alone cyber insurance policies” starting in March 2023. This elimination of cyber policies involving nation-state adversaries is not surprising. Last week, Lloyd’s of London Ltd.

Insurance 103

Insurance Cyber Attacks Cyber Insurance Hacking 103

Security Affairs

OCTOBER 20, 2024

CISA adds Fortinet products and Ivanti CSA bugs to its Known Exploited Vulnerabilities catalog Nation-state actor exploited three Ivanti CSA zero-days Dutch police dismantled dual dark web market ‘Bohemia/Cannabia’ macOS HM Surf flaw in TCC allows bypass Safari privacy settings Iran-linked actors target critical infrastructure organizations (..)

Data breaches 117

Data breaches Cybercrime Cyber Insurance Marketing 117

Threatpost

NOVEMBER 30, 2021

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

Insurance 96

Insurance Cyber Insurance Government Malware 96

Krebs on Security

JULY 24, 2018

Hackers used phishing emails to break into a Virginia bank in two separate cyber intrusions over an eight-month period, making off with more than $2.4 Now the financial institution is suing its insurance provider for refusing to fully cover the losses. Everest National Insurance Company did not respond to requests for comment.

Banking 197

Banking Insurance Computers and Electronics Cyber Insurance 197

Security Affairs

FEBRUARY 21, 2023

Recently emerged HardBit ransomware gang adjusts their demands so the insurance company would cover the ransom cost. For those who have cyber insurance against ransomware attacks. But since the sneaky insurance agent purposely negotiates so as not to pay for the insurance claim, only the insurance company wins in this situation.

Insurance 98

Insurance Ransomware Cyber Insurance Malware 98

Security Affairs

FEBRUARY 6, 2021

” WestRock confirmed that it has cyber insurance business interruption insurance. The Company maintains a variety of insurance policies, including cyber insurance and business interruption insurance. SecurityAffairs – hacking, WestRock). Pierluigi Paganini.

Ransomware 145

Ransomware Insurance Cyber Insurance Technology 145

Threatpost

JULY 19, 2018

In this InfoSec Insider cyber insurance expert Nick Sanna discusses how to balance threat exposures and protecting assets with insurance against hacking, breaches and vulnerabilities.

Cyber Insurance 46

Cyber Insurance Insurance InfoSec Risk 46

Security Affairs

AUGUST 21, 2020

University of Utah officials explained that the university’s cyber insurance policy covered part of the ransom. “After careful consideration, the university decided to work with its cyber insurance provider to pay a fee to the ransomware attacker,” the university said today.” Pierluigi Paganini.

Ransomware 145

Ransomware Cyber Insurance Insurance Advertising 145

eSecurity Planet

JULY 12, 2022

Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. Also read: Top 8 Cyber Insurance Companies for 2022 Best Ransomware Removal and Recovery Services. Most had been infected.

Ransomware 144

Ransomware Cyber Insurance Backups Insurance 144

CyberSecurity Insiders

MAY 26, 2021

The objective is to reassess the coverage provided by the Federal Cyber Terrorism Risk Insurance Program( TRIP) in the event of cyber-terrorist activities on the IT infrastructure hosted by public and private properties.

Insurance 78

Insurance Risk Cyber Insurance Cyber Attacks 78

Security Affairs

NOVEMBER 6, 2018

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?

Insurance 95

Insurance Cryptocurrency Cyber threats Marketing 95

Security Affairs

DECEMBER 2, 2020

Bleeping Computer has learned aware that K12 was hit by Ryuk ransomware and K12 paid the ransom utilizing their cyber insurance. SecurityAffairs – hacking, Ryuk). At the time of this writing, it is not known the ransom amount. ” the company told Bleeping Computer. .” ” the company told Bleeping Computer.

Education 145

Education Cyber Insurance Insurance Ransomware 145

CyberSecurity Insiders

JANUARY 26, 2022

Merck, the Pharma giant from New Jersey, has won a legal battle with its insurer for covering costs related to the NotPetya ransomware attack that crippled its computer networks to the core incurring losses in millions. billion insurance cover battle with ACE American under the rigorous rendition of Acts of War Clause.

Ransomware 112

Ransomware Insurance Cyber Insurance Hacking 112

Adam Levin

JULY 8, 2020

” Hacking campaigns exploiting poor domain name security can be more subtle. We are all weary of the endless cycle of hacks and data breaches and we’re increasingly blaming businesses that have been compromised rather than the hackers themselves. That spells trouble if you’re the one that gets hacked.

Hacking 130

Hacking Retail Cyber Insurance Authentication 130

Security Affairs

JANUARY 14, 2019

Zurich American Insurance Company is refusing to refund its client because consider the attack as “an act of war” that is not covered by its policy. According to the cyber security community, NotPetya is a cyber weapon develped by Russia to hit the Ukrainian government. SecurityAffairs – Mondelez, cyber insurance).

Cyber Insurance 109

Cyber Insurance Insurance Cyber Attacks Advertising 109

CSO Magazine

NOVEMBER 17, 2022

It’s no wonder more companies are turning to cyber insurance to help recoup their losses when they do have to pay a ransomware settlement. Cyber insurance can also be a double-edged sword. It has grown in popularity and usually compensates for losses brought on by hacking and data theft, extortion and destruction.

Cyber Insurance 91

Cyber Insurance Ransomware Insurance Hacking 91

Security Affairs

JUNE 5, 2020

“As per our researchers, this data leak includes the company’s cyber insurance documents, various contract calculations worksheets, NASA give review rules, and much more.” . “Just like previous data leaks, the Cyble Research Team has also identified and verified this data leak.”

Engineering 145

Engineering Ransomware Cyber Insurance Advertising 145

Security Affairs

DECEMBER 28, 2022

The chief executive of insurance giant Zurich warns that cyber attacks, rather than natural catastrophes, will become uninsurable. Mario Greco, chief executive of insurer giant Zurich, has warned that cyber attacks will become soon “uninsurable.”. SecurityAffairs – hacking, Zurich). Pierluigi Paganini.

Cyber Attacks 98

Cyber Attacks Cyber Insurance Insurance Cyber Risk 98

Security Affairs

MAY 1, 2020

Maze Ransomware operators claim to have hacked the network of the state-owned Bank of Costa Rica Banco BCR and to have stolen internal data, including 11 million credit card credentials. SecurityAffairs – Banco BCR, hacking). Please vote Security Affairs for European Cybersecurity Blogger Awards – VOTE FOR YOUR WINNERS [link].

Ransomware 145

Ransomware Banking Cyber Insurance Advertising 145

CyberSecurity Insiders

MAY 1, 2023

Well, under certain circumstances, local laws stipulate that all companies dealing with customer data must efficiently use resources and funds to protect the information from cybercriminals and state-funded hacks. By the way, data spills occurring from state-funded hacks are no longer covered under cyber insurance.

Data breaches 138

Data breaches Cyber Insurance Insurance Technology 138

Adam Levin

JUNE 30, 2020

In fact, what may matter more is how easy you are to hack. The numbers point to a nascent blame game, which in turn points to the need for companies large and small to make sure they have cyber insurance–often the only thing between your company and an extinction-level cyber event. What can CEOs do?

Ransomware 186

Ransomware Insurance Cyber Insurance Manufacturing 186

eSecurity Planet

OCTOBER 8, 2024

IT leaders know that the reason regulators and cybersecurity insurers require them to conduct network penetration testing is to ensure they’re protecting their networks from being accessed by attackers. But hackers don’t operate on the same schedule as regulators.

Penetration Testing 109

Penetration Testing Cyber Insurance Insurance Risk 109

Security Affairs

OCTOBER 30, 2023

Most of bug hunters (61%) are experimenting Generative AI (GenAI) and believe it is essential to develop a new generation of hacking tools that can help them find more vulnerabilities. 62% of hackers plan to train their AI to specialize in the OWASP Top 10 for Large Language Models.

Cyber Insurance 136

Cyber Insurance Hacking Insurance CISO 136

Malwarebytes

JULY 5, 2021

Researchers explore the insecure world of the subdomain (Source: Can i take your subdomain) Cyber insurance model is broken, consider banning ransomware payments (Source: The Register) How facial recognition solutions can safeguard the hybrid workplace (Source: Help Net Security) Capital One hacker faces fresh charges for 2019 hacking spree (Source: (..)

Cyber Insurance 108

Cyber Insurance Social Engineering Scams Insurance 108

Security Boulevard

MAY 12, 2022

The Role Of Cybersecurity Insurance In A Predictive Security. Cybersecurity insurance in recent years has become a modern day stopgap for corporations looking to offset their losses for attacks. What Is Not Covered Under Cyber Insurance? Below is a list of adaptive controls needed for cyber insurance.

Cyber Insurance 105

Cyber Insurance Insurance Marketing Firewall 105

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. SecurityAffairs – La Porte, hacking). Copyright (C) 2014-2015 Media.net Advertising FZ-LLC All Rights Reserved -->. Pierluigi Paganini.

Government 107

Government Insurance Cyber Insurance Cyber Attacks 107

SecureWorld News

SEPTEMBER 23, 2021

6 ways to hack the ransomware puzzle. The latest estimates are around 20% of actual ransomware instances get reported to law enforcement or insurance or regulators," Sheridan said. Cyber defense is about test, test, test.". Familiarize yourself and your organization with cyber insurance.

Ransomware 96

Ransomware Cyber Insurance Insurance Government 96

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 141

Social Engineering Cyber Attacks Cyber Insurance IoT 141

The Last Watchdog

OCTOBER 5, 2023

I held this position from 2000 through 2014, during which time Windows emerged as a prime target for both precocious script kiddies and emerging criminal hacking rings. Erin: What are some of the biggest cyber threats that businesses face today? What factors should organizations consider when selecting a cyber insurance policy?

Cyber threats 203

Cyber threats Cyber Insurance Threat Detection Cybersecurity 203

CompTIA on Cybersecurity

DECEMBER 23, 2021

Cybersecurity was a big focus for CompTIA in 2021, producing a tremendous volume of content and data detailing how MSPs and other technology companies are responding to the latest cyberattacks, ransomware, hacks, and other cybercriminal behavior.

Cyber Insurance 70

Cyber Insurance Cybersecurity Insurance Ransomware 70

Dark Reading

NOVEMBER 7, 2019

There is no premium that will recover the millions of dollars your company spends on R&D if your intellectual property is hacked and stolen.

Cyber Insurance 40

Cyber Insurance Insurance Hacking 40

Security Boulevard

AUGUST 22, 2022

Even with ransomware costing billions of dollars in losses and cyber insurance claims, organizations are still impacted beyond the checkbook. These attacks have driven the cost of cyber insurance premiums higher. Cyber insurance has become more critical to organizations to help offset the risk to the company.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance Risk 98