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

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.”

Ransomware 145

Ransomware Cyber Insurance Insurance Advertising 145

The Last Watchdog

APRIL 30, 2019

That could be for insurance purposes. “As As with any insurance, cyber insurance really requires due care.” Acohido is dedicated to fostering public awareness about how to make the Internet as private and secure as it ought to be. Wrenn said. “So Privacy in focus The flip side of data security is privacy.

Cybersecurity 173

Cybersecurity Insurance Cyber Insurance Risk 173

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. At the time of this writing, it is not known the ransom amount. ” the company told Bleeping Computer.

Education 145

Education Cyber Insurance Insurance Ransomware 145

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

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

The Last Watchdog

MAY 29, 2024

Additionally, cyber insurance carriers and the Department of Defense’s CMMC standard now recommend or require advanced protective DNS solutions. Acohido is dedicated to fostering public awareness about how to make the Internet as private and secure as it ought to be. (LW LW provides consulting services to the vendors we cover.)

DNS 147

DNS Cyber Insurance Insurance Internet 147

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. There is a strong correlational reason cyber insurance underwriters care about those key controls and coverage in the application process.

Ransomware 102

Ransomware CISO Backups Risk 102

Security Boulevard

MAY 12, 2022

In the early 1990s, the Internet industry needed to move packets as fast as possible because some marketing genius came up with the idea that everyone could have “Unlimited Internet Access” for $9.95 Those people belong in the Internet Hall of Fame. Truth be told, AOL made the Internet, the Internet.

Cyber Insurance 105

Cyber Insurance Insurance Marketing Firewall 105

The Last Watchdog

DECEMBER 18, 2024

As breaches continue to escalate in frequency and cost, the demand for cyber insurance and heightened regulatory compliance will rise, pushing companies to not only protect their data but to prove adherence to evolving security standards. Acohido Pulitzer Prize-winning business journalist Byron V.

Cybersecurity 130

Cybersecurity CISO Risk Government 130

SecureWorld News

AUGUST 21, 2020

The end result was hefty payment: "After careful consideration, the university decided to work with its cyber insurance provider to pay a fee to the ransomware attacker. This was done as a proactive and preventive step to ensure information was not released on the internet.". And number one is cyber insurance.

Ransomware 98

Ransomware Cyber Insurance Insurance Backups 98

The Last Watchdog

AUGUST 8, 2022

Will they be able to gain control of all the monitors or other remote devices (in our Internet of Things world) tied to the digital twin? Can they access industrial control systems? Will they be able to get into the SCADA systems perhaps tied to the digital twin? They need a comprehensive cybersecurity plan.

Artificial Intelligence 214

Artificial Intelligence Cyber Insurance Risk Telecommunications 214

SecureWorld News

NOVEMBER 12, 2020

The problems with the RDP is that it suffers from vulnerabilities that can be exploited and the RDP service may rely on internet-facing servers which are easily accessed.". Unfortunately, if potential ransomware targets are known to be insured, the attackers assume that they will most probably be paid.

Cyber threats 134

Cyber threats Insurance Cyber Insurance Ransomware 134

The Last Watchdog

OCTOBER 5, 2023

Byron: Since I started, the cyber threat landscape has grown exponentially, with more sophisticated attacks and diverse attackers ranging from individual hackers to professional criminal rings to state-sponsored entities. Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies?

Cyber threats 203

Cyber threats Cyber Insurance Threat Detection Cybersecurity 203

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.

Cyber Insurance 69

Cyber Insurance Insurance Risk Marketing 69

SecureWorld News

NOVEMBER 2, 2022

He helps senior decision makers overcome cybersecurity sales objections and manages unlimited cyber risks through rigorous prioritization. In the private sector, he was a CISO for an insurance company, credit card processor, bank, credit union, and IT Managed Service Provider. He's served as a captain with the F-22 program in the U.S.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance Cyber Risk 98

SecureList

NOVEMBER 9, 2022

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). Cyber teams are going to be in the spotlight now more than ever.

Cybersecurity 144

Cybersecurity Cyber Insurance Cybercrime IoT 144

SecureWorld News

DECEMBER 7, 2022

Scott Register, VP of Security Solutions at Keysight Technologies, discusses this trend: "Deepfake technology to date has resulted in political confusion, internet chatter, and some amusing mashup videos, but expect this to change in the near term. Cyber insurance trends in 2023.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance Social Engineering 98

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. Market Size: The AI cyber security market was worth around $17.4 million per breach.

Social Engineering 141

Social Engineering Cyber Attacks Cyber Insurance IoT 141

SC Magazine

FEBRUARY 10, 2021

Sachin Bansal, general counsel at SecurityScorecard, spoke with SC Media about ratings, and how they can be used to strengthen the supply chain, determine cyber insurance premiums and as an investigative tool for an oversight body. These scores are updated every day because the internet changes every day.

Cyber Insurance 83

Cyber Insurance Insurance Cyber Risk Government 83

SC Magazine

JULY 13, 2021

Lastly, the report warns entities not to rely on cyber insurance as the rates have skyrocketed in response to the rise in ransomware attacks. Some insurers are also jacking up the cost of deductibles and limiting the types of entities they’re willing to insure.

Data breaches 113

Data breaches Insurance Healthcare Education 113

Krebs on Security

DECEMBER 12, 2018

Is it fair to judge an organization’s information security posture simply by looking at its Internet-facing assets for weaknesses commonly sought after and exploited by attackers, such as outdated software or accidentally exposed data and devices? Chamber of Commerce to evaluate more than 2,500 U.S.

Cyber Risk 243

Cyber Risk Energy and Utilities Risk Marketing 243

The Last Watchdog

MARCH 1, 2019

The ability to prove you have a process, and demonstrate the audit trail showing you used that process, will become the subject of increased scrutiny by regulators and cyber insurance underwriters. Acohido is dedicated to fostering public awareness about how to make the Internet as private and secure as it ought to be. (LW

Threat Detection 193

Threat Detection Digital transformation Marketing Firewall 193

The Security Ledger

OCTOBER 23, 2018

In this episode of the podcast (#117), we go deep on one of the hottest sectors around: cyber insurance. In the first segment, we talk with Thomas Harvey of the firm RMS about the problem of “silent cyber” risk to insurers and how better modeling of cyber incidents is helping to address that threat.

Insurance 40

Insurance Cyber Risk Risk Cyber Insurance 40

Hacker Combat

JULY 31, 2020

Carry Cyber Insurance. This makes carrying a cyber insurance policy with a reputable carrier a good idea. In addition to providing vital financial assistance in the wake of a data breach, cyber insurers scrutinize your security arrangements before agreeing to issue a policy. This must be addressed head-on.

Cybersecurity 69

Cybersecurity Cyber Insurance Insurance Data breaches 69

CyberSecurity Insiders

DECEMBER 18, 2022

In 2023, ‘knowing thy enemy’ in cyber will be more complicated than ever before – but it is critical that organizations remain aware of the realities of cyber risk and cease to focus on the ‘boogie man’ of the internet that features in sensationalist reporting.

Cybersecurity 125

Cybersecurity CISO Insurance Ransomware 125

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. Insured companies often will not have options. Eliminate attacker access.

Ransomware 145

Ransomware Encryption Insurance Backups 145

SecureWorld News

MAY 2, 2025

Hospitals and clinics are increasingly adopting cloud-based systems, electronic health records, telehealth services, and Internet of Things (IoT) medical devices. Many healthcare providers now undergo annual security audits and risk assessments as required by regulators or cyber insurance providers.

Healthcare 61

Healthcare Marketing Cybersecurity CISO 61

Adam Levin

JULY 8, 2020

A whopping 97 percent failed to use DNSSEC , a domain security protocol designed to address core vulnerabilities in the foundations of the internet itself. More than half of the companies surveyed used retail-grade registrars, which typically provide less in the way of security safeguards and training than enterprise-grade registrars.

Hacking 130

Hacking Retail Cyber Insurance Authentication 130

SecureWorld News

DECEMBER 2, 2020

We carry insurance, including cyber insurance, which we believe to be commensurate with our size and the nature of our operations. Which of the ransomware gangs or groups hit K12 Inc and its network in this cyber attack? Relying on cyber liability insurance during a ransomware attack.

Insurance 63

Insurance Cyber Insurance Ransomware Backups 63

SecureWorld News

OCTOBER 20, 2021

Lastly, Accenture confirms it has cyber insurance, but if it is under-insured, the business could still face significant impacts from a cyberattack and the resulting litigation: These monetary damages might not be subject to a contractual limit of liability or an exclusion of consequential or indirect damages and could be significant.

Cyber Risk 98

Cyber Risk Risk Insurance Cyber Insurance 98

CyberSecurity Insiders

JANUARY 10, 2023

Increased vulnerability is causing headaches and expenses due to numerous societal shifts – whether it’s the proliferation of the internet of things (IoT) in every aspect of business and society, or the widespread adoption of home and remote working that began during the Covid-19 pandemic and has persisted in many organizations.In

Cybersecurity 108

Cybersecurity Identity Theft Cyber Insurance Digital transformation 108

Adam Levin

MARCH 16, 2020

The Federal Bureau of Investigation’s 2019 annual Internet Crime Report included 467,361 complaints about suspected internet crime with losses of $3.5 Of those cases, 23,775 of them were business email compromises (BEC). It’s Time to Do Something.

Scams 130

Scams Identity Theft Accountability Phishing 130

Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. Moreover, RDP ports are often exposed to the internet, which allows threat actors to easily scan for open ports and launch brute-force attacks.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

CyberSecurity Insiders

OCTOBER 24, 2022

Attackers distribute this ransomware as an email attachment or try to exploit vulnerabilities in web browsers and other services exposed to the internet. Cyber insurance. Often, educational institutions see cyber insurance as a needless expense. Until they need it. Conclusion.

Education 58

Education Cyber Attacks Cyber Insurance Insurance 58

Malwarebytes

SEPTEMBER 30, 2022

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. End use of unsupported/end of life software and hardware that are accessible from the Internet. Baltimore learned this the hard way.

Government 69

Government Cybersecurity Cyber Insurance Insurance 69

Herjavec Group

FEBRUARY 18, 2021

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 cyber insurance very seriously.

Digital transformation 81

Digital transformation Computers and Electronics Cyber Insurance Insurance 81