Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. Cyber has changed everything around us – even the way we tackle geopolitical crisis and conflicts. If the technology were to become unavailable, the resulting business impact could be mitigated with cyber insurance.

Cyber Insurance 100

Cyber Insurance Insurance Risk Technology 100

The Last Watchdog

AUGUST 1, 2023

1, 2023 – Guardz , the cybersecurity company securing and insuring SMEs, today disclosed the existence of a Hidden Virtual Network Computing (hVNC) malware targeting macOS devices. Recently, Guardz identified an information stealing malware called ‘ ShadowVault , ’ which also exclusively targets macOS devices.

Malware 189

Malware Insurance Cyber Insurance Small Business 189

Security Affairs

OCTOBER 20, 2024

CISA adds Microsoft Windows Kernel, Mozilla Firefox and SolarWinds Web Help Desk bugs to its Known Exploited Vulnerabilities catalog GitHub addressed a critical vulnerability in Enterprise Server A new Linux variant of FASTCash malware targets financial systems WordPress Jetpack plugin critical flaw impacts 27 million sites Pokemon dev Game Freak discloses (..)

Data breaches 116

Data breaches Cybercrime Cyber Insurance Marketing 116

Graham Cluley

MAY 20, 2021

Yes, you read that correctly. FORTY MILLION DOLLARS.

Cyber Insurance 143

Cyber Insurance Insurance Ransomware Data breaches 143

Schneier on Security

MARCH 8, 2019

This will complicate things: To complicate matters, having cyber insurance might not cover everyone's losses. Zurich American Insurance Company refused to pay out a $100 million claim from Mondelez, saying that since the U.S.

Insurance 212

Insurance Cyber Insurance Cybersecurity Government 212

Malwarebytes

FEBRUARY 21, 2023

Here, they’re going out of their way to “help” by quizzing victims about the specifics of their cyber insurance policy. The note explains at length that their final ransom demand will be adjusted to ensure it falls inside of the insurance claim requirements. In its place is a long, rambling ransom note.

Cyber Insurance 94

Cyber Insurance Insurance Ransomware Encryption 94

Graham Cluley

FEBRUARY 22, 2023

A ransomware outfit is advising its victims to secretly tell them how much insurance they have, so their extortion demands will be met. Read more in my article on the Tripwire State of Security blog.

Insurance 118

Insurance Cyber Insurance Ransomware Malware 118

Hacker's King

DECEMBER 24, 2024

AI-powered malware and phishing schemes can adapt to defenses in real time, making them harder to detect and counter. Expansion of Cyber Insurance As cyberattacks grow in frequency and scale, the demand for cyber insurance will surge. Organizations must invest in advanced AI-based security tools to stay ahead.

Cybersecurity 59

Cybersecurity Cyber Insurance IoT Insurance 59

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

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

Centraleyes

DECEMBER 16, 2024

We are seeing increased use of AI to automate attacks, including malware generation and phishing campaigns. Insurance Becomes a Necessity The rise of high-profile cyberattacks has led to increased demand for cyber insurance. Ensuring visibility, control, and data protection across these environments will be paramount.

Cybersecurity 98

Cybersecurity Insurance Cyber Insurance Risk 98

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

CyberSecurity Insiders

MAY 19, 2021

A source from the Glass and Metal-based packaging giant said that the attack was of a malware variant, but failed to acknowledge it as a ransomware attack as the investigation was still going on the issue. . Since Ardagh is covered by a Cyber insurance policy it might not show any effect on the operational costs of the company.

Malware 88

Malware Cyber Insurance Insurance Cyber Attacks 88

Security Affairs

DECEMBER 2, 2020

K12 publicly disclosed the ransomware attack this week, the incident took place in mid-November and forced the company to shut down its systems to prevent the malware from spreading. Bleeping Computer has learned aware that K12 was hit by Ryuk ransomware and K12 paid the ransom utilizing their cyber insurance.

Education 145

Education Cyber Insurance Insurance Ransomware 145

The State of Security

JUNE 13, 2022

Sophos Labs recently released its annual global study, State of Ransomware 2022, which covers real-world ransomware experiences in 2021, their financial and operational impact on organizations, as well as the role of cyber insurance in cyber defense.

Ransomware 134

Ransomware Cyber Insurance Insurance Malware 134

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

Krebs on Security

JULY 24, 2018

The email allowed the intruders to install malware on the victim’s PC and to compromise a second computer at the bank that had access to the STAR Network , a system run by financial industry giant First Data that the bank uses to handle debit card transactions for customers. THE LAWSUIT. ” . ”

Banking 199

Banking Insurance Computers and Electronics Cyber Insurance 199

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

Threatpost

OCTOBER 2, 2020

Financial institutions, cyber-insurance firms, and security firms have all been put on notice by the U.S. Department of the Treasury.

Cyber Insurance 103

Cyber Insurance Insurance Ransomware Government 103

Webroot

AUGUST 19, 2024

Our Device Isolation feature allows you to swiftly isolate affected devices, halting the advance of malware while preserving essential communications. Relevant: These features can help support core requirements of cyber-insurance applications, making them not just valuable for security but also for compliance and financial protection.

Cyber Insurance 119

Cyber Insurance Insurance Cyber threats Cybersecurity 119

Security Affairs

JANUARY 14, 2019

After the attack, employees in different regions experienced technical problems, according to Mondelez, the malware infected 1,700 servers and 24,000 laptops. 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

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.

Ransomware 145

Ransomware Insurance Cyber Insurance Technology 145

SecureWorld News

NOVEMBER 12, 2020

It found cyber attacks becoming more sophisticated, targeted, widespread, and undetected. First, however, let's look at the top 15 cyber threats organizations face right now, according to the report: Malware. So that is the top 15 list of cyber threats according to the European Union. Trends in Malware attacks.

Cyber threats 130

Cyber threats Insurance Cyber Insurance Ransomware 130

BH Consulting

FEBRUARY 24, 2025

Intel471 has a detailed analysis of other significant law enforcement operations in 2024, including against the LockBit ransomware gang and multiple malware droppers. Separately, a survey of 500 businesses commissioned by Chubb found that 89 per cent are planning to expand their cyber insurance coverage.

Cyber Insurance 59

Cyber Insurance Insurance Ransomware Artificial Intelligence 59

The Last Watchdog

DECEMBER 18, 2024

Government initiatives and awareness campaigns will educate users on phishing and malware threats. Owen Dylan Owen , CISO, Nightwing In 2025, cyber regulations will impact key sectors like Defense, Healthcare, Finance, and Energy.

Cybersecurity 130

Cybersecurity CISO Risk Government 130

Webroot

OCTOBER 14, 2022

In other words, 2022 has been an eventful year in the threat landscape, with malware continuing to take center stage. The 6 Nastiest Malware of 2022. As a result, many organizations are shifting away from cyber insurance and adopting layered defenses in an effort to achieve cyber resilience. 2022 was no different.

Malware 78

Malware Antivirus DDOS Cyber Insurance 78

CyberSecurity Insiders

MARCH 25, 2021

Cyber Threats have increased on enterprise networks and all thanks to the latest trend of work from home that is being practiced by most of the firms operating across the globe to prevent the spread of Corona Virus.

Cyber threats 128

Cyber threats Cyber Insurance Insurance Cyber Risk 128

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

CyberSecurity Insiders

SEPTEMBER 21, 2021

But we never think or bother about the hidden/unexpected costs that a file encrypting malware attack brings with it. The amount recovered from the insurance policy from the first malware attack might not be covering all the costs of recovery or the ransom to be/or paid to the hackers.

Ransomware 116

Ransomware Cyber Insurance Insurance Cyber Attacks 116

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. Email Threats: More than 75% of targeted attacks start with an email, delivering 94% of malware.

Social Engineering 141

Social Engineering Cyber Attacks Cyber Insurance IoT 141

CyberSecurity Insiders

JULY 29, 2022

Yes, what is being read is true as Wootton Upper School in Bedfordshire-part of Wootton Academy Trust was victimized by the file encrypting malware spreading gang and are adamant in their demand. Hive Ransomware group has reportedly locked down a school from digital access and is demanding £500,000 to free up data from encryption.

Ransomware 122

Ransomware Cyber Insurance Social Engineering Education 122

Malwarebytes

JULY 5, 2021

Other cybersecurity news.

Cyber Insurance 106

Cyber Insurance Social Engineering Scams Insurance 106

Security Affairs

FEBRUARY 21, 2023

For those who have cyber insurance against ransomware attacks. Insurance companies require you to keep your insurance information secret, this is to never pay the maximum amount specified in the contract or to pay nothing at all, disrupting negotiations. Very important! reads the ransom note.

Insurance 98

Insurance Ransomware Cyber Insurance Malware 98

Threatpost

OCTOBER 25, 2019

Targeted ransomware, mobile malware and other attacks will surge, while companies will adopt AI, better cloud security and cyber insurance to help defend and protect against them.

Mobile 48

Mobile Cyber Insurance Malware Ransomware 48

CyberSecurity Insiders

JANUARY 26, 2022

Merck was one of the company that was targeted by the said file encrypting malware gang. The pharmaceutical company thought that its cyber insurance will cover the incurred losses and so tried its best to recover from the consequences by diverting its annual budgetary funds for the damaged IT infrastructure.

Ransomware 112

Ransomware Insurance Cyber Insurance Hacking 112

CyberSecurity Insiders

DECEMBER 29, 2022

In one of the strange decisions taken by Ohio Supreme Court over a previous judgement pronounced earlier by Ohio Second District Court, the law stated that there must be a direct physical loss or damage to a company in the event of a file encrypting malware disaster.

Software 99

Software Ransomware Insurance Cyber Insurance 99

Graham Cluley

MAY 17, 2021

One week after the French branch of cyber insurance giant AXA said that it would no longer be writing policies to cover ransomware payments, the company's operations in Thailand, Malaysia, Hong Kong, and the Phillippines have reportedly been hit. by a ransomware attack.

Cyber Insurance 41

Cyber Insurance Insurance Ransomware Malware 41