Cyber Insurance Insurance Scams 
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.
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. Cyber Resilience planning puts focus on recovery readiness.
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Adam Levin
MARCH 16, 2020
billion in BEC scam-related losses the year before. “BEC/EAC is a sophisticated scam targeting both businesses and individuals performing a transfer of funds,” explained the report. ” The report warned that the methods used by hackers to perpetrate BEC scams were becoming more complicated and difficult to detect.
BH Consulting
JUNE 22, 2021
Organisations are coming under increasing pressure to take out cybersecurity insurance cover. Also known as cyber risk insurance, it’s now a prerequisite in some public sector tenders. Sometimes, contracts or proposals ask suppliers for both cybersecurity insurance and documented security controls.
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: (..)
SecureWorld News
NOVEMBER 12, 2020
This is partly driven by cyber insurance and a growing number of organizations seeing this insurance as a business necessity: "Although cyber insurance policies existed since early 2000, ransomware attacks are one of the main reasons for the increased interest in this type of insurance during the last 5 years.
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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