SecureWorld News

SEPTEMBER 10, 2020

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. The number one type of cyber incident so far this year is ransomware.

Cyber Insurance 66

Cyber Insurance Insurance Ransomware Cyber Attacks 66

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

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 Insurance 136

Cyber Insurance Insurance Marketing Ransomware 136

Duo's Security Blog

MAY 23, 2022

Cyber liability insurance can be a lifeline in the event of a major incident or breach. Cyber incidents rose 35% in 2020 with data breaches costing businesses an average of $4.24 million per year , resulting in cyber insurance premiums jumping up by 50-100%. No doubt, cyber insurance is a hot topic right now.

Insurance 105

Insurance Cyber Insurance Data breaches Backups 105

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

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. eflon CreativeCommons CC BY 2.0.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

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. million total. ” . ”

Banking 197

Banking Insurance Computers and Electronics Cyber Insurance 197

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

Security Affairs

FEBRUARY 8, 2024

26 key cyber security stats for 2024 that every user should know, from rising cyber crime rates to the impact of AI technolog y. Cyber Crime Surge: During COVID-19 , cyber crimes shot up by 600%, showing how threats adapt to global changes. Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches.

Social Engineering 142

Social Engineering Cyber Attacks Cyber Insurance IoT 142

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: (..)

Cyber Insurance 108

Cyber Insurance Social Engineering Scams Insurance 108

Security Boulevard

MAY 12, 2022

Phishing attacks? What Is Not Covered Under Cyber Insurance? Cyber insurance will not cover the cost for security remediation, the purchase of new security technology, or any 3rd pen testing, auditing, or installation of any security products. Below is a list of adaptive controls needed for cyber insurance.

Cyber Insurance 105

Cyber Insurance Insurance Marketing Firewall 105

The Last Watchdog

OCTOBER 5, 2023

Erin: What are some of the biggest cyber threats that businesses face today? Byron: The economic impact of phishing, ransomware, business logic hacking, Business Email Compromise (BEC) and Distributed Denial of Service (DDoS) attacks continues to be devastating. Erin: What role does human error play in cybersecurity incidents?

Cyber threats 203

Cyber threats Cyber Insurance Threat Detection Cybersecurity 203

SecureList

NOVEMBER 9, 2022

Phishing attacks are going to become even more sophisticated, since a lot of basic tactics have already been tried this year, and businesses learned to repel those. As such, we anticipate a booming cyber insurance industry as many organizations heed these warnings and seek to guard against ransomware attacks.

Cybersecurity 145

Cybersecurity Cyber Insurance Cybercrime IoT 145

Malwarebytes

MAY 2, 2022

Last week on Malwarebytes Labs: Why MITRE matters to SMBs Apple’s child safety features are coming to a Messages app near you Why software has so many vulnerabilities, with Tanya Janca: Lock and Code S03E09 Watch out for this SMS phish promising a tax refund Rogue ads phishing for cryptocurrency: Are you secure?

Cyber Insurance 78

Cyber Insurance Insurance Cryptocurrency Scams 78

BH Consulting

JULY 17, 2024

He added that IT professionals relying on strong passwords or the ability to spot phishing isn’t enough. 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. The findings echo Coalition’s 2024 Cyber Claims report.

Cyber Insurance 69

Cyber Insurance Insurance Risk Marketing 69

Webroot

SEPTEMBER 7, 2023

The number of ransomware attacks has increased by 18% , while the worldwide volume of phishing attacks doubled to 500 million in 2022. The best way to weather these challenges is to become a cyber resilient business. Cybercrime is on the rise. And those attacks are costing companies a lot of money.

Encryption 119

Encryption Cyber Insurance Cybercrime Phishing 119

Webroot

SEPTEMBER 24, 2024

In today’s world, both small businesses and everyday consumers face a growing number of cyber threats. From ransomware attacks to phishing scams, hackers are becoming more sophisticated. For consumers: Stay alert to potential phishing attacks or scams related to global events.

Cyber threats 112

Cyber threats Small Business Scams Cybercrime 112

Security Boulevard

AUGUST 22, 2022

Even with ransomware costing billions of dollars in losses and cyber insurance claims, organizations are still impacted beyond the checkbook. Cyber incidents happen every day. Email phishing, brute force, and even employees leaving with a host of USB sticks, organizations face countless and often unreported cyber attacks.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance Risk 98

Webroot

JUNE 2, 2022

Ransomware, malware and phishing threats keep evolving. Your SMB customers likely don’t have the necessary security staff and tools to protect and respond to these threats. Help your customers avoid becoming a victim of data theft and extortion with industry-leading, reliable threat detection and response from Webroot.

Threat Detection 116

Threat Detection Cyber Insurance Small Business Insurance 116

Adam Levin

MARCH 16, 2020

That is exponentially more expensive than other cyber events. Consider that the average cost for a ransomware attack against a business is about $4,400, and your run of the mill phishing incident weighs in at a much less hefty $500. So Isn’t BEC Just Another Form of Phishing? BEC has a home In the pantheon of ishings.

Scams 130

Scams Identity Theft Phishing Accountability 130

CyberSecurity Insiders

JUNE 22, 2023

Instead, the ransom pay can be covered from a cyber insurance policy, provided it is taken prior to the launch of the attack and covers the costs associated with the malware attack. Nope, says a renowned international bank from UK. Remember, prevention is key when it comes to ransomware attacks.

Ransomware 96

Ransomware Banking Cyber Insurance Insurance 96

Krebs on Security

DECEMBER 12, 2018

companies with the Cyber Risk Score, and then invited these companies to sign up and see how their score compares with that of other organizations in their industry. The stated use cases for the Cyber Risk Score include the potential for cyber insurance pricing and underwriting, and evaluating supply chain risk (i.e.,

Cyber Risk 232

Cyber Risk Energy and Utilities Risk Marketing 232

eSecurity Planet

OCTOBER 5, 2021

Paying for internal assessments and penetration tests by a third party can provide fresh thinking and a level of assurance for stakeholders such as customers, the board of directors, and the insurance company that wrote our cyber insurance policy. Is the attack small enough that we do not need to file a cyber insurance claim?

Ransomware 132

Ransomware Backups Insurance Cyber Insurance 132

Security Boulevard

JUNE 8, 2021

Human error is still the number one cause of cyber attack and home working could make this even more prominent. In 2020, Verizon found that 67% of cyber attacks were down to phishing and Business Email Compromise.

Cyber Insurance 105

Cyber Insurance Cyber Attacks Cyber threats Insurance 105

SC Magazine

JULY 13, 2021

The data supports a June Avanan report , which confirmed health care has been among the most targeted with phishing attacks during the first half of 2021, alongside the IT and manufacturing industries. The health care sector saw over 6,000 phishing emails out of an average of 451,792 emails. Another 20.7% were attributed to extortion.

Data breaches 113

Data breaches Insurance Healthcare Education 113

Duo's Security Blog

SEPTEMBER 1, 2023

Unlike passwords, passkeys are always strong and phishing resistant. Passkeys based on Webauthn are proven to be resistant to phishing, credential stuffing, adversary-in-the-middle (AITM), server breaches and may other cyberattacks. It’s also a requirement to get cyber insurance.

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Passwords Authentication Insurance Cyber Insurance 132

SecureWorld News

DECEMBER 7, 2022

Cyber insurance trends in 2023. As the three previous trends discussed how certain aspects of the cybersecurity industry will continue to grow in 2023, expect the same from the cyber insurance market.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance Social Engineering 98

Malwarebytes

SEPTEMBER 14, 2022

There are three big ones: Phishing : If you have a DNS filter, as soon as someone in your business clicks a link to a malicious website, they’re prevented from visiting it. Bonus: Cyber insurance. Without cyber insurance, you can expect to pay a dizzying amount of cash. Let’s recap.

Technology 79

Technology DNS Cyber Insurance Insurance 79

Security Boulevard

FEBRUARY 8, 2023

Click here to watch the roundtable and learn about the future of cyber insurance from leading experts. In partnership with Cysurance, BlastWave hosted a roundtable entitled “The Future of Cyber Insurance and MSP Insurability. The expert panelists held an honest discussion about insurability difficulties for MSPs.

Cyber Insurance 52

Cyber Insurance Insurance Marketing Risk 52

Adam Levin

JULY 8, 2020

A recent domain hijack of Japanese cryptocurrency exchange Coincheck.com was used to spoof the company in a spear-phishing campaign. .” Hacking campaigns exploiting poor domain name security can be more subtle. Hackers posing as Coincheck.com employees contacted the company’s customers and requested their account credentials.

Hacking 130

Hacking Retail Cyber Insurance Authentication 130

Cytelligence

JANUARY 14, 2020

The variety show of phishing attacks – While email remains number one for phishing attacks, cybercriminals are also using a variety of other attack routes to trick their intended victims into giving up personal information, login credentials, or even sending money.

Cybersecurity 65

Cybersecurity Cyber Insurance Insurance Ransomware 65

eSecurity Planet

OCTOBER 18, 2022

Still, just 32 percent said creating a culture of security is the key driver for their security awareness training (SA&T) program, compared to 67 percent who are more focused on regulatory compliance and 62 percent who conduct training simply to meet cyber insurance requirements.

Marketing 124

Marketing Cyber Insurance Security Awareness Cybersecurity 124

Duo's Security Blog

OCTOBER 18, 2021

Cyber Liability Insurance Invests in MFA Multi-factor authentication has been around longer than most current college students have been alive, but when it comes to strong authentication modern MFA changed the game. MFA is core to implementing a zero trust stance to protect your campus.

Insurance 95

Insurance Education Risk Cyber Insurance 95

CyberSecurity Insiders

OCTOBER 26, 2022

From a budgetary standpoint, ransom payments and cyber insurance premiums have continued to rise over time. All employees should also be encouraged to “say something if they see something” when it comes to unexpected password or network access alerts, apparent phishing emails, and other suspicious activity.

Ransomware 120

Ransomware Cyber Insurance Insurance Cyber Attacks 120

Malwarebytes

FEBRUARY 3, 2023

The threat which was mentioned the most in responses to the survey was phishing. This is no surprise as phishing is often the prelude to more serious threats like ransomware, breaches, and BEC scams. Other worries were the rise in premium prices for cyber insurance, and the security implications of the rise in flexible working.

Scams 95

Scams Banking Cyber Insurance Cybercrime 95

Security Boulevard

JUNE 29, 2024

Powered by WormGPT and FraudGPT, hackers and scammers will continue to drive the cost of business higher as organizations pay more for cyber insurance. AI-Powered Email Phishing 91% of all cyberattacks start with email phishing. These data sets provide the specifics for hackers to adjust their phishing attacks.

Artificial Intelligence 72

Artificial Intelligence Engineering Cyber Insurance Phishing 72

Security Boulevard

JULY 30, 2022

Ransomware, the attack on management consoles, and whale phishing continue to spread across new attack surfaces in organizations. Will cyber insurance continue to be an option that organizations can rely on? Cybersecurity professionals have been facing this challenge for years. Growing attack vectors — Real or False Flag?

Cyber Attacks 110

Cyber Attacks Artificial Intelligence Education Cyber Insurance 110