This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Overall, insurance companies seem to be responding to increased demand from clients for cyber-specific insurance, and one survey found that the two things most likely to spur a purchase of cyberinsurance are when a business experiences a cyber attack and when they hear about other companies being hit by a cyber attack.
And industries like healthcare face persistent targeting due to their outdated systems and high-value data.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. Acohido Pulitzer Prize-winning business journalist Byron V.
CyberInsurance: US cyberinsurance 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
Cyberinsurance: whisper it, but it seems to be working Cyberinsurance premiums have dropped by 15 per cent compared to their peak in 2022. Even though more companies are buying cyberinsurance, Howden found prices are falling through a combination of more providers in the market, and companies improving their security.
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.”.
Businesses most at risk are aerospace and defense contractors, as well as critical infrastructure operators (utilities such as water, electricity, and Internet, but also hospitals and operators of large cyber-physical systems such as dams). What cybersecurity challenges will industries face next year? Ransomware as a service (RaaS).
Paying for internal assessments and penetration tests by a third party can provide fresh thinking and a level of assurance for stakeholders such as customers, the board of directors, and the insurance company that wrote our cyberinsurance policy. Cut off network and internet access for the affected computer, server, or office.
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%). Here are some best practices recommendations to safeguard your organization against ransomware: Get your applications off of the internet.
I was personally honored in my early career to work for Wang Laboratories and was invited to share one of my visions ‘fax over the internet’ with the company, which I invented. Within this whirlwind of all things moving to the internet, insurance vendors recently began to take cyberinsurance very seriously.
First, call the cyberinsurance 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.
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 cyberinsurance we’re seeing as a result. And, as my guest will say later in this podcast, these virtual SOCs are like pen testing the internet.
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. Insight Partners. Lightspeed Venture Partners.
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. With the extensive use of the internet, malicious ads pose a long-lasting threat if not blocked. Ransomware attacks and costs.
Over the past decade, once siloed, Operational Technology (OT) systems have become increasingly connected to the internet, as water and energy systems become powered by intelligent IoT sensors and government operations are deep-rooted in data. CNI attacks, both targeted and untargeted, have never been easier to carry out.
An attacker can easily scan the internet for websites that haven’t patched a vulnerability for which the attacker has an exploit. In addition to encrypting data and holding it hostage, ransomware attackers also upload valuable data to other systems on the internet. Some can’t afford not to pay, and some are covered by cyberinsurance.
SpiderSilk offers an impressive proprietary internet scanner that maps out a company’s assets and network attack surface to detect vulnerabilities. Cowbell Cyber. The healthcare segment alone saw significant investment in cybersecurity due to the adoption of telehealth and teleworking models. SpiderSilk.
The primary target and focus for nation-states will continue to be their adversaries Critical Infrastructure sectors, such as healthcare, government, communications, transportation, defense industrial base, media, utilities, finance, and cargo logistics. Enforcement of regulations is also causing serious tension.
Between the initial damage inflicted on your data, the threat of data leak to the Internet, and the loss of business as a result of damaged customer confidence, the net effect on your business can be major. RobinHood is not known to leak data to the Internet if no payment is made.
“I think that’s an area we’re going to see ransomware actors move into unfortunately, because it tends to be very successful and it’s got a relatively low barrier to entry once there are [proof of concept exploits] published on the internet and that’s another way that attackers can potentially make a lot of money quickly.”.
Cunningham John Paul Cunningham , CISO, Silverfort Identity-based attacks in 2024, like those on Microsoft and Snowflake, are prompting insurers to intensify scrutiny in 2025. As a result, sectors like healthcare and energy are adopting breach-ready defenses, emphasizing microsegmentation to contain impacts and ensure resilience.
We organize all of the trending information in your field so you don't have to. Join 28,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content