CyberSecurity Insiders

JULY 29, 2022

What’s surprising about the incident is that the Hive Group has details that Wootton Educational Trust is covered under a cyber insurance and so is demanding the authorities to pay up huge i.e., £500,000. The post Hive Ransomware group demands £500000 from School in England appeared first on Cybersecurity Insiders.

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Malwarebytes

JULY 5, 2021

Other cybersecurity news.

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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.

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The Last Watchdog

OCTOBER 5, 2023

Byron: Companies often underestimate threats, neglect basic cyber hygiene, and fail to educate employees on cybersecurity. Erin: What are some of the most common social engineering tactics that cybercriminals use? Erin: Do you think cyber insurance should play a bigger role in companies’ cybersecurity strategies?

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SecureWorld News

DECEMBER 7, 2022

Security experts have warned for years about the possibility of social engineering attacks with deepfakes, and the technology has matured enough for 2023 to see hackers successfully leverage it. Cyber insurance trends in 2023.

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Security Boulevard

MAY 12, 2022

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. For organizations seeking cyber insurance, the road for predictable security runs in parallel.

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SecureList

NOVEMBER 9, 2022

Given the continued surge of ransomware attacks, which soared 288% in the first half of 2022 alone, the need for cyber insurance will be a bigger priority, especially in the SMB market. As such, we anticipate a booming cyber insurance industry as many organizations heed these warnings and seek to guard against ransomware attacks.

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Malwarebytes

MARCH 10, 2021

Malware authors and social engineers have relied on shame and the threat of exposure for years. This quickly became a mess of arguments over paying the ransom , and the world of cyber insurance and whether it would actually insure against these types of attacks. Shaming victims into action.

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Digital Shadows

OCTOBER 14, 2024

Together, they use native English speakers to execute sophisticated social engineering operations, contributing significantly to their newfound dominance. To counter these methods, organizations should prioritize educating users on phishing and social engineering techniques. compared to Q3 2023.

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Digital Shadows

JANUARY 14, 2025

By mid-2024, Scattered Spiders hallmark tactics, including social engineering and SIM-swapping, were evident in RansomHubs double extortion attacks, cementing their collaboration. The groups adaptabilityevident in its seamless transition to RansomHuband its expertise in social engineering keep it highly valuable to ransomware partners.

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Adam Levin

MARCH 16, 2020

“The scam is frequently carried out when a subject compromises legitimate business email accounts through social engineering or computer intrusion techniques to conduct unauthorized transfers of funds.” It’s Time to Do Something.

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SecureWorld News

OCTOBER 20, 2021

Lastly, Accenture confirms it has cyber insurance, but if it is under-insured, the business could still face significant impacts from a cyberattack and the resulting litigation: These monetary damages might not be subject to a contractual limit of liability or an exclusion of consequential or indirect damages and could be significant.

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Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. This incident shows that while security tools are essential, phishing emails can still slip through.

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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.

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SecureWorld News

MAY 5, 2023

Our team has handled several ransomware attacks by the Royal threat actor group, and each of those started with a callback phishing attack that exploited people, first, to gain initial access into the network, so it would not surprise me if that is what happened in this attack on the City of Dallas, as well.

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Malwarebytes

FEBRUARY 3, 2023

Other worries were the rise in premium prices for cyber insurance, and the security implications of the rise in flexible working. The advancing pace of technology (39 percent) also featured, as effects from the pandemic have complicated organizations’ ability to protect themselves from cyber threats.

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Scams Banking Cyber Insurance Cybercrime 96

Security Affairs

NOVEMBER 6, 2018

In some cases, with founders’ consent, the assessment includes penetration testing using social engineering methods aimed at the network compromise through the most vulnerable link at any organization– humans. Security Affairs – cyber insurance, cryptocurrency exchanges ). Pierluigi Paganini.

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Security Boulevard

AUGUST 15, 2024

It’s time to admit that attackers will continue to innovate and adapt their techniques and tactics, that the attack surface will constantly be changing and updating, that people will always be susceptible to deception and social engineering.

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Hacker's King

OCTOBER 10, 2024

Cyber Insurance Partnerships Cyber insurance is becoming a must-have for businesses worldwide. Cybersecurity companies often partner with insurance firms to provide risk assessments and incident recovery services to clients.

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Security Boulevard

JUNE 26, 2022

Hackers and cyber criminals also read the news. Many hacker groups will even approach social engineering to see if anyone in IT or SecOps knows if any layoffs are coming. That $3.29, even with cyber insurance, is still a significant hit to the organization’s bottom line.

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Information Security Technology Marketing Data breaches 98

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.

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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.

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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

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Thales Cloud Protection & Licensing

JULY 21, 2022

However, this stance indicates a lack of understanding of the effects of all the parties involved, such as cyber insurance underwriters, incident response firms, government regulations, and ransomware attribution. For many organizations, paying the ransom can be less damaging than risking any additional impacts.

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Cyber threats Energy and Utilities Ransomware IoT 71

NetSpi Executives

APRIL 27, 2024

Ransomware, a definition Ransomware is a set of malware technologies, hacking techniques, and social engineering tactics that cybercriminals use to cause harm, breach data, and render data unusable. Ransomware attackers get into a network in many ways: Social engineering. Should I get a ransomware cyber insurance policy?

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SecureWorld News

OCTOBER 19, 2023

Attackers are more easily able to circumvent email security controls of even the most mature organizations through well-crafted social engineering tactics, resulting in stolen account credentials and ultimately account takeovers. As cyber threats surge, the expenses associated with cyber insurance rise, adding to the financial strain.

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SecureWorld News

APRIL 1, 2021

Furthermore, when an organisation has a cyber insurance policy, it might be able to claim the ransom back, which may encourage payment. That is an incredibly difficult situation to be put in, and one that is contributing to the problem.

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Ransomware Cyber Insurance Social Engineering Cybercrime 56

Pen Test

OCTOBER 10, 2023

Provide cybersecurity awareness training to all personnel, enabling them to identify social engineering attacks and risky behavior. Identify cyber insurance policies and ensure they align to business needs regarding ransomware attacks and data leaks. Stress reporting suspicious activity. Seek adequate coverage.

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Security Boulevard

JANUARY 18, 2024

Attackers will leverage AI for more scalable and effective social engineering attacks, disinformation campaigns, vulnerability discovery, and exploit amplification. The timing and details vary, but it becomes an arms race to see which side can better utilize the untapped power of Gen AI. In 2024: 1.

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Digital Shadows

NOVEMBER 26, 2024

Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyber insurance. This incident shows that while security tools are essential, phishing emails can still slip through.

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Cyber Attacks Phishing Ransomware Cyber Insurance 52

ForAllSecure

MAY 17, 2023

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. cyber insurance as a whole was changing heavily. And why is that? It started off pretty easy to get.

Internet 40

Internet Internet Insurance Cyber Insurance 40

IT Security Guru

DECEMBER 5, 2022

Everyone in the cyber insurance industry or trying to get cyber insurance today knows that using multifactor authentication (MFA) is an absolute make-or-break requirement for getting a cyber insurance policy; or if you can get a policy without MFA, you will pay a hefty increased premium for the same amount of coverage.

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Duo's Security Blog

JUNE 21, 2021

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. Don’t worry though, there's already an insurance policy for that. What is Cyber Liability Insurance?

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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.

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Jane Frankland

JANUARY 12, 2025

These groups are also shifting toward more human-centric exploits , like social engineering and insider assistance. Cyber Insurance Cyber insurance will become an essential component of risk management strategies. But it doesnt stop there.

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