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 Size: The AI cyber security market was worth around $17.4 Shockingly, 96% of these attacks come through email. million per breach.

Social Engineering 141

Social Engineering Cyber Attacks Cyber Insurance IoT 141

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 Boulevard

MARCH 17, 2023

A common misconception of small business owners is that they can fly under the radar when it comes to ransomware, social engineering, and other cyberattacks. The post The Small Business Fallacy – Why You Need Cybersecurity and Insurance More Than Ever appeared first on Security Boulevard.

Small Business 122

Small Business Insurance Social Engineering Cybersecurity 122

Malwarebytes

JULY 5, 2021

Other cybersecurity news.

Cyber Insurance 106

Cyber Insurance Social Engineering Scams Insurance 106

Malwarebytes

MARCH 10, 2021

The REvil ransomware (AKA Sodinokibi , which operates as a Ransomware as a Service ) is adopting some outreach techniques after initial compromise , designed to shame victims into paying up. Malware authors and social engineers have relied on shame and the threat of exposure for years. Shaming victims into action.

Ransomware 125

Ransomware Insurance Cyber Insurance Social Engineering 125

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 144

Cybersecurity Cyber Insurance Cybercrime IoT 144

SecureWorld News

MAY 5, 2023

The City of Dallas, Texas, was forced to shut down police communications and IT systems on Monday morning, May 1, due to a suspected ransomware attack. Subsequently, the City has confirmed that a number of servers have been compromised with ransomware, impacting several functional areas, including the Dallas Police Department Website."

Ransomware 98

Ransomware Cyber Risk Cyber Insurance Social Engineering 98

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: How has the ransomware threat evolved in recent years?

Cyber threats 203

Cyber threats Cyber Insurance Threat Detection Cybersecurity 203

Security Boulevard

MAY 12, 2022

Even with the advancements in network isolation, containment, and prevention at the endpoint, hackers will still bypass predictive controls to execute malware attacks, ransomware exploits, account takeovers.etc. What Is Not Covered Under Cyber Insurance? Below is a list of adaptive controls needed for cyber insurance.

Cyber Insurance 105

Cyber Insurance Insurance Marketing Firewall 105

SecureWorld News

DECEMBER 7, 2022

From advancements in artificial intelligence (AI) to the continued evolution of ransomware and cyberattacks, the coming year is sure to bring significant developments in the world of cybersecurity. Cyber insurance trends in 2023. I t will be crucial for everyone to stay informed and prepared.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance Social Engineering 98

Digital Shadows

NOVEMBER 26, 2024

Despite a slowdown in “LockBit” ransomware activity due to law enforcement actions and a loss of affiliate trust, it remains a key player. Meanwhile, “RansomHub” is rising rapidly due to its attractive ransomware-as-a-service (RaaS) model. Despite the importance of employee training, sometimes it just isn’t enough.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

NetSpi Executives

APRIL 27, 2024

Table of Contents What is ransomware? Ransomware trends Ransomware prevention Ransomware detection Ransomware simulation Ransomware security terms How NetSPI can help What is ransomware? Ransomware adversaries hold the data hostage until a victim pays the ransom. How does ransomware work?

Ransomware 52

Ransomware Cyber Insurance Backups Insurance 52

SecureWorld News

APRIL 1, 2021

Ransomware has been one of the hottest topics in cybersecurity during the last year. A storm made more severe by the pandemic, with so many employees working remotely, exacerbating the risk of ransomware. However, there are other contributing factors to the rise in ransomware the world witnessed in 2020.

Ransomware 57

Ransomware Cyber Insurance Social Engineering Cybercrime 57

SecureWorld News

OCTOBER 20, 2021

Especially because Accenture was hit with ransomware this year. On page 34 of the report, Accenture dives into the risk that cyber poses to the business. And that is the end of the section on cyber risk. Accenture featured this earning's news on page 2 in a big, bold font.

Cyber Risk 98

Cyber Risk Risk Insurance Cyber Insurance 98

SecureWorld News

NOVEMBER 1, 2021

Americans’ personal information, stolen en masse by state-backed actors and online gangs alike, is being weaponized via increasingly sophisticated social engineering or disinformation campaigns. Criminals and extremists similarly can threaten unprecedented levels of disruption and coercion.

Cybersecurity 97

Cybersecurity Government Cyber Insurance Technology 97

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. billion in BEC scam-related losses the year before. . It’s Time to Do Something.

Scams 130

Scams Identity Theft Accountability Phishing 130

Malwarebytes

FEBRUARY 3, 2023

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 98

Scams Banking Cyber Insurance Cybercrime 98

Pen Test

OCTOBER 10, 2023

The Surge of Double Extortion Ransomware Attack s Ransomware attacks have become an increasingly severe threat to organizations around the world. The Evolution of Ransomware into Double Extortion Tactics The Basics of Ransomware Ransomware itself has been around for years.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52

Thales Cloud Protection & Licensing

JULY 21, 2022

From the ransomware attack that compromised a major U.S. Reducing the risk of attacks such as ransomware and malware on CNI will be of paramount importance to the stability of nation states for years to come. The Threat of Ransomware. In fact, in recent years, ransomware has almost completely changed breach economics.

Cyber threats 71

Cyber threats Energy and Utilities Ransomware IoT 71

BH Consulting

JUNE 13, 2023

Almost three-quarters of breaches (74 per cent) involve the human element through error, social engineering, stolen credentials or misusing privileges. Half of all social engineering attacks involve ‘pretexting’, where criminals fabricate a story to trick the victim. When is a cybersecurity incident a GDPR data breach?

Social Engineering 52

Social Engineering Data breaches Scams Ransomware 52

Security Boulevard

AUGUST 15, 2024

While everyone is talking about AI, both the applications of it and risk from it, ransomware and the latest techniques to detect and stop it, cloud security and other related topics, I unfortunately saw very little about a topic I am passionate about – cyber resiliency.

DNS 69

DNS Cyber Insurance Social Engineering Insurance 69

SecureWorld News

OCTOBER 19, 2023

RELATED: Ransomware Incident Response: What Is It Like? ] "Reduced spending on cybersecurity doesn't have to equate to the inability to implement a certain control," said Krista Arndt, CISO at United Musculoskeletal Partners. As cyber threats surge, the expenses associated with cyber insurance rise, adding to the financial strain.

Cybersecurity 106

Cybersecurity CISO Education Phishing 106

CyberSecurity Insiders

JANUARY 24, 2022

According to Betty Shepherd, Divisional Senior Vice President, Great American Cyber Risk, EagleEye is a valuable loss prevention tool for insureds. Our policyholders often face big dollar challenges like ransomware and social engineering with very modest IT budgets,” Ms. Shepherd said. “We

Cyber Risk 52

Cyber Risk Insurance Risk Cyber Insurance 52

eSecurity Planet

MARCH 17, 2023

Examples of threatening traffic that IDPS solutions can combat include network intrusions, DDoS attacks, malware, and socially engineered attacks. In worst-case scenarios, these firms should cover your business if you’re impacted by a data breach that leaks sensitive information and leads to fines and legal fees.

Network Security 120

Network Security Penetration Testing Firewall Software 120

Digital Shadows

NOVEMBER 26, 2024

Despite a slowdown in “LockBit” ransomware activity due to law enforcement actions and a loss of affiliate trust, it remains a key player. Meanwhile, “RansomHub” is rising rapidly due to its attractive ransomware-as-a-service (RaaS) model. Despite the importance of employee training, sometimes it just isn’t enough.

Cyber Attacks 52

Cyber Attacks Phishing Ransomware Cyber Insurance 52

Security Boulevard

JANUARY 18, 2024

Attackers will leverage AI for more scalable and effective social engineering attacks, disinformation campaigns, vulnerability discovery, and exploit amplification. This is the normal cadence the industry expects and although difficult to keep pace, the cybersecurity world is able to tread these waters. In 2024: 1.

Risk 115

Risk Cybersecurity CISO Technology 115

ForAllSecure

MAY 17, 2023

Small to Medium Business are, today, the target of APTs and ransomware. Chris Gray of Deep Watch talks about the view from the inside of a virtual SOC, the ability to see threats against a large number of SMB organizations, and the changes to cyber insurance we’re seeing as a result. GRAY: Absolutely.

Internet 40

Internet Internet Insurance Cyber Insurance 40

Duo's Security Blog

JUNE 21, 2021

The advancing ransomware business is a threat not just for the big guys, but for organizations of every size. According to Verizon’s most recent Data Breach Incident Report , instances of advanced ransomware have doubled in the past year, alongside major upticks in phishing attacks and social engineering.

Insurance 105

Insurance Cyber Insurance Data breaches Social Engineering 105

BH Consulting

SEPTEMBER 7, 2022

In the United States, a judge dismissed a claim against an insurance company that refused to pay extra for losses due to business email compromise. The company sought $600,000 to cover its losses but its social engineering fraud policy had a cap of $100,000. And the cyber insurance market keeps growing.

Insurance 40

Insurance Social Engineering Cyber Risk Cyber Insurance 40

Jane Frankland

JANUARY 12, 2025

Ransomware remains a prominent threat, but the methods have evolved. Double extortion ransomware is now a preferred techniquea devastating one-two punch where attackers not only encrypt a companys data but also steal sensitive information. But it doesnt stop there.

Cybersecurity 130

Cybersecurity CISO Insurance IoT 130