Digital Shadows

NOVEMBER 26, 2024

Key Points Phishing incidents rose during the reporting period (August 1 to October 31, 2024), accounting for 46% of all customer incidents. This increase is likely driven by high employee turnover and easy access to phishing kits. Meanwhile, “RansomHub” is rising rapidly due to its attractive ransomware-as-a-service (RaaS) model.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

Centraleyes

APRIL 9, 2024

For instance, in manufacturing, where processes are often highly dependent on continuous operations, the cost per minute of downtime is easily measurable. This can result in substantial financial losses, often reaching millions of dollars per day for large manufacturing enterprises.

Data breaches 52

Data breaches Cyber Insurance Insurance Ransomware 52

NetSpi Executives

APRIL 27, 2024

Attackers guess the passwords easily, find them in open source code repositories, or collect them via phishing. 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.

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

Centraleyes

DECEMBER 16, 2024

We are seeing increased use of AI to automate attacks, including malware generation and phishing campaigns. Cyber-Physical System (CPS) Security As manufacturing, healthcare, and transportation industries become more digitized, the integration of cyber-physical systemslike smart grids, industrial control systems, and IoT devicesis growing.

Cybersecurity 52

Cybersecurity Insurance Cyber Insurance Risk 52

eSecurity Planet

APRIL 6, 2023

Whether deployed by ransomware groups or individuals via ransomware as a service (RaaS) , the most common method of ransomware deployment is a phishing email. Education, government, energy and manufacturing are others. Cyber criminals have learned that it is not only businesses that make soft targets for the attacks.

Ransomware 98

Ransomware Backups Encryption Malware 98

Spinone

OCTOBER 13, 2020

This includes the Billtrust and German manufacturer, Pilz, ransomware infections. Implement good email phishing/SPAM filtering to help filter out obvious malicious SPAM emails with infected links, attachments, and other files. In fact, one report shows that business email compromises are 23% of cyber insurance claims.

Ransomware 52

Ransomware Backups Data breaches Encryption 52

Jane Frankland

JANUARY 12, 2025

Sophisticated social engineering tactics, phishing campaigns, or financial incentives make it easier for cybercriminals to use insiders as tools for gaining access and maintaining their foothold in systems rather than hacking in. Cyber threats often exploit human errors, whether through phishing attacks, weak passwords, or lapses in protocol.

Cybersecurity 130

Cybersecurity CISO Insurance IoT 130

Adam Levin

DECEMBER 27, 2019

As long as humans are well……human, phishing attacks will lead to ransomware infecting more and more networks, and businesses, municipalities and other organizations will continue to pay whatever they must in order to regain control of their data and systems. You’re going to have personal cyber insurance.

Cybersecurity 100

Cybersecurity CISO IoT Insurance 100