SecureWorld News

JUNE 8, 2020

From cyberattacks on unemployment systems and the healthcare industry , to the security risks associated with remote work , SecureWorld has covered how these rapid changes have developed into a "Wild West" threat landscape. But how are these new developments impacting cyber insurance rates? In part, that's true.

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The Last Watchdog

DECEMBER 18, 2024

And industries like healthcare face persistent targeting due to their outdated systems and high-value data. Owen Dylan Owen , CISO, Nightwing In 2025, cyber regulations will impact key sectors like Defense, Healthcare, Finance, and Energy.

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SecureWorld News

FEBRUARY 5, 2025

Key findings: the cyber threat landscape in 2025 1. Ransomware and state-sponsored attacks continue to escalate Canada's critical sectorsincluding healthcare, energy, education, and retailhave become prime targets for cybercriminals. Leverage cyber insurance to mitigate financial risks associated with supply chain attacks.

InfoSec 79

InfoSec Energy and Utilities Cybersecurity Education 79

Joseph Steinberg

AUGUST 5, 2021

Likewise, cyber insurance policies for individuals are starting to appear in the marketplace. Remember, a cyber-insurance policy is a legal contract – it is absolutely essential that policyholders adhere to policy requirements or they may find their otherwise valid claims denied should a cybersecurity incident occur.

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Insurance Cyber Insurance Artificial Intelligence Ransomware 258

Malwarebytes

FEBRUARY 26, 2023

How to set up two-factor authentication on Twitter using an app How to set up two-factor authentication on Twitter using a hardware key Multilingual skimmer fingerprints 'secret shoppers' via Cloudflare endpoint API HardBit ransomware tailors ransom to fit your cyber insurance payout The 5 most dangerous cyberthreats facing businesses this year Samsung (..)

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SecureWorld News

APRIL 23, 2025

The DBIR breaks down breach trends across industries: Financial and Insurance: Heavily targeted by credential stuffing and phishing; fastest detection rates. Healthcare: Insider threats and error-related breaches dominate. If those controls are not effective, cyber insurance underwriters might have to pay out.

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Ransomware CISO Backups Risk 102

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. Soaring Cyber Crime Costs: Cyber crime costs are expected to hit $10.5

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Social Engineering Cyber Attacks Cyber Insurance IoT 141

Centraleyes

DECEMBER 19, 2024

They address data privacy and the escalating threat of cyberattacks targeting healthcare institutions. The new healthcare cyber regulations will go into effect in October 2025. Specific attention is given to email-based threats, which are responsible for a growing number of security incidents in healthcare.

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Healthcare Cybersecurity Penetration Testing CISO 52

BH Consulting

JULY 17, 2024

Cyber insurance: whisper it, but it seems to be working Cyber insurance premiums have dropped by 15 per cent compared to their peak in 2022. Even though more companies are buying cyber insurance, Howden found prices are falling through a combination of more providers in the market, and companies improving their security.

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SecureWorld News

MARCH 28, 2024

The draft rules propose broad criteria that could apply reporting duties to more than 300,000 organizations across critical sectors like energy, communications, healthcare, and more. Having clear definitions gives cyber insurers a way to work with critical infrastructure on underwriting decisions based on these guidelines," Gallagher noted.

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SC Magazine

JULY 13, 2021

Now as the healthcare industry gets some breathing room from the pandemic, another one is surging – cyberattacks,” Dan L. We, as healthcare leaders, must seize this opportunity to educate and inform stakeholders on the current cybersecurity threat landscape and the actions needed to combat these attacks.”.

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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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Malwarebytes

JUNE 14, 2021

While various sectors in Australia were noted to be particularly targeted, the Avaddon strain has been instrumental in the successful network compromise of the Asian division of the AXA Group , one of the biggest cyber insurance companies in the world. A domino effect?

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Webroot

SEPTEMBER 7, 2023

This is all happening while companies are spending trillions digitizing their business operations and trying to obtain secure cyber insurance while keeping up with regulatory changes in GDPR, HIPAA, and Sarbanes-Oxley. The best way to weather these challenges is to become a cyber resilient business.

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CyberSecurity Insiders

MAY 6, 2021

According to a study carried out by Emsisoft, cyber related crimes have fetched a loss of $5.5 billion last year and included victims from all industries like healthcare, finance, education and local governments.

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eSecurity Planet

OCTOBER 5, 2021

Cyber Insurance companies used to simply provide lists of potential vendors approved by the insurer, but with the rising costs of breaches, insurers need to control costs. While we don’t all save lives as part of our business, many organizations will be strongly motivated to recover quickly from an attack.

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SecureList

NOVEMBER 9, 2022

Most probably more attacks on the education and healthcare sectors will occur plus targeted campaigns against industry leaders – especially those that hold critical information: sensitive data, top expertise, and latest technologies. Yet, in addition to cyber insurance, companies will need a designated DR or RR (Rolling Recovery) plan.

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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. Treasury: ransomware continues to increase. persons rely on to continue conducting business.

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SecureWorld News

SEPTEMBER 14, 2021

The school district’s cyber insurance provided free credit monitoring, but many parents were still puzzled by how to report the problem and what steps they should take next to protect their children. How can you protect children against a malignant data leak after it has already happened?

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eSecurity Planet

AUGUST 9, 2022

Healthcare Data Privacy Laws. Luria said the increasingly common practice in highly regulated industries (such as financial services and healthcare) is to create and implement their own customized database solutions and tie them to their particularized IT compliance requirements. Health data and patient data in the U.S.

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Security Affairs

OCTOBER 13, 2019

“As time goes by, and we determine the full impact of this, we will be very grateful we had cyber insurance in place.” . “We had to gain access to our system quickly and gain the information it was blocking,” chief operating officer Paul Betz told a news conference. ” continues the post.

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eSecurity Planet

OCTOBER 18, 2022

First, call the cyber insurance company that issued the organization’s cybersecurity policy. Most insurance companies require specific incident response vendors, procedures, and reporting that must be met to meet the standards to be insured. The First Calls After an Attack.

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eSecurity Planet

APRIL 26, 2022

Specializing in seed and Series A opportunities, the San Francisco-based firm has an extensive consumer, enterprise, and healthcare investments portfolio. Insight’s portfolio goes beyond cybersecurity, serving IT verticals in data, fintech, healthcare, and logistics. New Enterprise Associates (NEA). Redpoint Ventures.

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Cybersecurity Technology Marketing Healthcare 129

Herjavec Group

FEBRUARY 18, 2021

Within this whirlwind of all things moving to the internet, insurance vendors recently began to take cyber insurance very seriously. They first sold it asking ‘do you have antivirus and a firewall’ – check box one, check box two, now you have cyber insurance.

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Digital transformation Computers and Electronics Cyber Insurance Insurance 81

Security Boulevard

JUNE 2, 2022

Some industries saw particularly high growth of double-extortion attacks, including healthcare (643%), food service (460%), mining (229%), education (225%), media (200%), and manufacturing (190%). Ransomware attacks increased by 80% year-over-year, accounting for all ransomware payloads observed in the Zscaler cloud. Have a response plan.

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SC Magazine

JULY 2, 2021

For the Impact Advisors, many providers engage with their cyber insurance provider to assist with the breach response efforts. Further, entities should proactively engage with cyber insurers, many of which will provide free tabletop exercises. “We

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Insurance Cyber Insurance Data breaches Media 88

CyberSecurity Insiders

JANUARY 5, 2022

This alliance will allow the healthcare system to reduce its risk of a cyber-attack and help them achieve its cybersecurity goals. “We The cost of these cyber events is rising sharply with cyber insurance premiums and compliance requirements increasing. About CynergisTek, Inc.

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eSecurity Planet

FEBRUARY 16, 2021

A ransomware attack is about as bad as a cyber attack can get. It can shut down your business – in the case of healthcare organizations that can be life-threatening for patients – damage your reputation with customers and employees, and invite further attacks as cybercriminals view your organization as an easy mark. Ransomware facts.

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Thales Cloud Protection & Licensing

JULY 21, 2022

However, this stance indicates a lack of understanding of the effects of all the parties involved, such as cyber insurance underwriters, incident response firms, government regulations, and ransomware attribution. For many organizations, paying the ransom can be less damaging than risking any additional impacts.

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Cyber threats Energy and Utilities Ransomware IoT 71

Centraleyes

DECEMBER 16, 2024

Current cybersecurity trends show that attackers are now targeting critical infrastructure, healthcare, and financial services, leading to massive disruptions. Insurance Becomes a Necessity The rise of high-profile cyberattacks has led to increased demand for cyber insurance.

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SecureWorld News

AUGUST 23, 2023

Timothy Morris, Chief Security Advisor, Tanium: "It is good to see these updates and the expansion of the framework beyond critical infrastructures (banks, energy, healthcare, etc.) to all business and industry types regardless of size.

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Cybersecurity CISO Government Risk 98

eSecurity Planet

APRIL 6, 2023

Cyber criminals have learned that it is not only businesses that make soft targets for the attacks. Hospitals and healthcare organizations are being infected by ransomware, with predictably dire results. If you have a cyber insurer , they will have their own processes for responding to any cyber attack.

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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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SecureWorld News

APRIL 1, 2021

Furthermore, when an organisation has a cyber insurance policy, it might be able to claim the ransom back, which may encourage payment. That is an incredibly difficult situation to be put in, and one that is contributing to the problem. Further factors are likely to have played a part.

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Centraleyes

APRIL 9, 2024

The top five countries and regions for the highest average cost of a cyber security breach in 2023 were as follows: the US ($9.4 Uneven Impact on Industries The healthcare sector bears the heaviest burden, with an average cloud data breach cost of $10.10 million), the Middle East ($8.07 million), Canada ($5.13 million), Germany ($4.67

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Data breaches Cyber Insurance Insurance Ransomware 52

Pen Test

OCTOBER 10, 2023

Identify cyber insurance policies and ensure they align to business needs regarding ransomware attacks and data leaks. Cyber insurance will likely continue covering ransomware incidents, but insurers may increase scrutiny of policyholders' security measures before offering coverage. Seek adequate coverage.

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Ransomware Backups Insurance Cyber Insurance 52

ForAllSecure

MAY 17, 2023

Chris Gray of Deep Watch talks about the view from the inside of a virtual SOC, the ability to see threats against a large number of SMB organizations, and the changes to cyber insurance we’re seeing as a result. cyber insurance as a whole was changing heavily. And why is that? It started off pretty easy to get.

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Internet Internet Insurance Cyber Insurance 40