SecureWorld News

MARCH 20, 2024

Ransomware attacks have become a significant threat to organizations of all kinds worldwide, with attackers encrypting data and demanding payment for its release. In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network.

Cyber Insurance 110

Cyber Insurance Insurance Ransomware Risk 110

SecureWorld News

APRIL 17, 2023

When considering adding a cyber insurance policy, organizations, both public and private, must weigh the pros and cons of having insurance to cover against harm caused by a cybersecurity incident. Having cyber insurance can help ensure compliance with these requirements. Can companies live without cyber insurance?

Cyber Insurance 114

Cyber Insurance Insurance Risk CISO 114

SecureWorld News

JANUARY 11, 2024

In this digital battlefield, cyber insurance has emerged as a crucial shield, offering financial protection against data breaches, ransomware attacks, and other cyber incidents. This rapid ascent begs the question: what's driving the price hike, and are businesses fully prepared for the escalating cost of cyber defense?

Cyber Insurance 119

Cyber Insurance Insurance Cyber Risk Data breaches 119

SC Magazine

MAY 24, 2021

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

Cyber Insurance 94

Cyber Insurance Insurance Marketing Cyber Risk 94

SC Magazine

MAY 19, 2021

The development of cybersecurity insurance has played an important role in determining how companies prepare for and respond to ransomware attacks and the resulting fallout. That in itself has evolved, as insurers and insured learn just how expensive that fallout can be. The ransomware reality check for insurers.

Cyber Insurance 102

Cyber Insurance Insurance Marketing Ransomware 102

SC Magazine

MARCH 24, 2021

Insurance firm CNA Financial, a prominent provider of cyber insurance, confirmed a cyberattack against its systems, which has some concerned that cybercriminals may target policyholders. Of course, the attackers aren’t necessarily limited to a ransomware strategy. They could also phish certain policyholders.

Cyber Insurance 128

Cyber Insurance Insurance Hacking Ransomware 128

Tech Republic Security

JULY 4, 2024

Rates have declined by 15% since the market peak in 2022, according to Howden Insurance Brokers.

Insurance 172

Insurance Cyber Insurance Marketing Backups 172

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. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance.

Cyber Insurance 100

Cyber Insurance Insurance Risk Technology 100

Security Affairs

OCTOBER 20, 2024

CISA adds Veeam Backup and Replication flaw to its Known Exploited Vulnerabilities catalog North Korea-linked APT37 exploited IE zero-day in a recent attack Omni Family Health data breach impacts 468,344 individuals Iran-linked actors target critical infrastructure organizations macOS HM Surf flaw in TCC allows bypass Safari privacy settings Two Sudanese (..)

Data breaches 115

Data breaches Cybercrime Cyber Insurance Marketing 115

CyberSecurity Insiders

AUGUST 15, 2022

Ever wondered what is covered and what is not in your Cyber Insurance Policy? If not, you better review the guidelines and inform all your C-level employees on strategies to cope with the losses that remain out of the cyber insurance cover. Otherwise, the cyber insurer will not offer any policy coverage.

Cyber Insurance 90

Cyber Insurance Insurance Data collection Antivirus 90

CyberSecurity Insiders

NOVEMBER 15, 2022

Cyber Insurance premiums are becoming dearer and the reason for such a rise is claimed to be sophistication in attacks that are making mitigation and recovery expensive. Most companies are showing laxity in following basic cyber security hygiene, leading to a surge in cyber-attacks and data breaches.

Cyber Insurance 84

Cyber Insurance Insurance Marketing Ransomware 84

CyberSecurity Insiders

AUGUST 26, 2022

Lloyd’s London, one of the largest insurance services providers in the world, has disclosed that it is making amendments to its cyber insurance laws that will come into effect from March 2023. All insurance companies exclude the risks inferred from war like situations.

Cyber Insurance 90

Cyber Insurance Insurance Cyber Attacks Risk 90

SecureWorld News

MAY 26, 2021

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year. cyber insurance market.

Cyber Insurance 70

Cyber Insurance Insurance Cyber Risk Marketing 70

SC Magazine

APRIL 19, 2021

AIG is one of the top cyber insurance companies in the U.S. Today’s columnist, Erin Kennealy of Guidewire Software, offers ways for security pros, the insurance industry and government regulators to come together so insurance companies can continue to offer insurance for ransomware.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

Thales Cloud Protection & Licensing

MAY 10, 2022

Checklist for Getting Cyber Insurance Coverage. As cyber criminals mature and advance their tactics, small and medium businesses become the most vulnerable because they lack the capacity – staff, technology, budget - to build strong cyber defenses. The necessity for cyber-insurance coverage.

Cyber Insurance 77

Cyber Insurance Insurance Cyber Risk Cyber Attacks 77

Trend Micro

APRIL 14, 2021

With so many vendors in the market, the Marsh initiative has created the Cyber Catalyst to help IT buyers find the right option for them.

Cyber Insurance 101

Cyber Insurance Insurance Marketing Ransomware 101

CyberSecurity Insiders

SEPTEMBER 21, 2021

As soon as we hear or read about a ransomware attack on a company, we are in a state of mind that the business needs to pay only the ransom in order to avoid a loss to its data continuity on a permanent loss. And so the investment needed to build up the marketing and PR tactics will also witness arise.

Ransomware 116

Ransomware Cyber Insurance Insurance Cyber Attacks 116

Webroot

JULY 25, 2022

Market landscape for XDR grows more crowded. Most customers alluded to the cybersecurity skills shortage; one of the key market drivers remains a “managed” component tailored to organizations’ response capabilities. Cyber insurance becomes mainstream discussion.

Cyber Insurance 136

Cyber Insurance Insurance Marketing Ransomware 136

Joseph Steinberg

AUGUST 5, 2021

Selecting the right insurance provider is often, therefore, a challenging endeavor; the lack of standard policy templates has meant that providers typically offer their own unique sets of coverages, with their own unique sets of compliance requirements and premium schedules.

Insurance 258

Insurance Cyber Insurance Artificial Intelligence Ransomware 258

CSO Magazine

JUNE 14, 2023

Finding the right insurance has become a key part of the security equation, which is no surprise given that the average cost of a data breach in the US has risen to $9.44 The global cyber insurance market was valued at $13.33 million — more than twice the global average of $4.35 billion in 2023 to $84.62 billion by 2030.

Insurance 121

Insurance Data breaches Cyber Insurance Marketing 121

SecureWorld News

JUNE 8, 2020

But how are these new developments impacting cyber insurance rates? COVID-19 is raising cyber insurance rates. At first glance, the driving force behind higher cyber insurance rates would seem to be more incidents leading to more expensive policy premiums.

Cyber Insurance 55

Cyber Insurance Insurance Marketing Healthcare 55

eSecurity Planet

OCTOBER 18, 2021

A lawsuit working its way through the courts could have a lot to say about the liabilities facing organizations that have been hit by ransomware attacks – and could have implications for cybersecurity preparation and regulation in general. Hospital’s Operations Hit by Ransomware. ” Cyber Insurance No Longer Reliable.

Ransomware 105

Ransomware Cyber Insurance Insurance Digital transformation 105

Duo's Security Blog

JUNE 9, 2022

Hard market woes Unsurprisingly, insurance has become a ‘hard market’ over the past three or four years, meaning that premiums have increased (by 96% in Q3 2021 in the US as reported by the World Economic Forum ) while capacity has decreased across the board. So how do insurers get hold of that kind of insight?

Insurance 97

Insurance Marketing CISO Cyber Insurance 97

Digital Shadows

JANUARY 14, 2025

Key Findings The last quarter of 2024 proved to be a pivotal period for ransomware activity, marked by emerging threats and unexpected shifts among established groups. Ransomware Activity Hits All-Time High in December Ransomware attacks have been climbing steadily over the past few years, despite some temporary dips along the way.

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Ransomware Social Engineering Phishing VPN 126

SC Magazine

MARCH 12, 2021

Guy Caspi, co-founder and CEO of Deep Instinct, said with the new announcement that the company is “offering a level of protection for our customers that goes beyond anything on the market today.” The ransomware warranty will cover the costs associated with recovery, business interruption and loss of business. . “We

Ransomware 87

Ransomware Cyber Insurance Insurance Marketing 87

Security Affairs

FEBRUARY 8, 2024

Ransomware Attacks: In 2023, a whopping 72.7% of organizations faced ransomware. Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Market Growth: AI cyber security technology is projected to grow by 23.6% Shockingly, 96% of these attacks come through email.

Social Engineering 140

Social Engineering Cyber Attacks Cyber Insurance IoT 140

Digital Shadows

OCTOBER 14, 2024

Key Points Ransomware activity grew by 2.3% In the short term, we expect a gradual increase in ransomware incidents, peaking by Q4 2024. In the long term, we anticipate a greater use of large language models (LLMs) in ransomware negotiations and a rise in exfiltration-only attacks. lower than in Q3 2023. compared to Q3 2023.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

Security Affairs

JANUARY 14, 2019

Zurich American Insurance Company is refusing to refund its client because consider the attack as “an act of war” that is not covered by its policy. Considering that Mondelez International’s net revenues were $6.4bn in Q1, it is possible to quantify the overall economic impact of a cyber attack. Pierluigi Paganini.

Cyber Insurance 109

Cyber Insurance Insurance Cyber Attacks Advertising 109

eSecurity Planet

FEBRUARY 16, 2021

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. Jump to: What is ransomware? How ransomware works. Preventing ransomware. Ransomware attacks and costs.

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Ransomware Backups Software Encryption 97

The Last Watchdog

APRIL 30, 2019

An entire community of expertise surrounds this, so that it actually yields a much better framework than some of the proprietary frameworks in the market, where you have to buy them and license them every year.” That could be for insurance purposes. “As As with any insurance, cyber insurance really requires due care.”

Cybersecurity 173

Cybersecurity Insurance Cyber Insurance Risk 173

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 Cisco came to market with the PIX firewall, Netscreen came to market with the ASIC based firewall, and suddenly, security had a voice.

Cyber Insurance 105

Cyber Insurance Insurance Marketing Firewall 105

SC Magazine

FEBRUARY 25, 2021

On Wednesday – just Wednesday – news stories emerged about an airplane maker, information technology giant and computer game company all having operations disrupted by ransomware. In the past, the government would not step in because ransomware was not a national security issue. But few solutions have been formally put onto the table.

Ransomware 104

Ransomware Insurance Government Cryptocurrency 104

The Last Watchdog

OCTOBER 5, 2023

Editor’s note: I recently had the chance to participate in a discussion about the overall state of privacy and cybersecurity with Erin Kapczynski, OneRep’s senior vice president of B2B marketing. Erin: What are some of the biggest cyber threats that businesses face today? Erin: Deep fakes are becoming more sophisticated.

Cyber threats 203

Cyber threats Cyber Insurance Threat Detection Cybersecurity 203

SecureList

NOVEMBER 9, 2022

Supply-chain will become more of a sweet spot for targeted ransomware and state-sponsored espionage campaigns. Businesses will still be mostly concerned with ransomware. will lead more people to poverty, which always translates to increased criminality (cyber or otherwise), and we know ransomware to be extremely profitable.

Cybersecurity 145

Cybersecurity Cyber Insurance Cybercrime IoT 145

Cisco Security

JANUARY 10, 2023

As a result of this, next year we could see CISOs tightening up the disclosure decision making process, focusing on quicker and greater clarity on breach impact, and even looking to include personal liability cover in cyber insurance contracts. Increasing demands from insurers. Ransomware and how to deal with it.

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CISO Insurance Cyber Insurance Phishing 142

SC Magazine

FEBRUARY 8, 2021

The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. In order to maintain a profitable loss ratio, insurers might have to request specific controls on businesses before offering coverage,” he said. These organizations found a shortcut, cyber insurance.

Insurance 126

Insurance Cybersecurity Cyber Insurance Government 126

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.

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Cyber Insurance Insurance Cyber Risk Risk 52