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. If the technology were to become unavailable, the resulting business impact could be mitigated with cyber insurance.

Cyber Insurance 100

Cyber Insurance Insurance Risk Technology 100

Schneier on Security

FEBRUARY 13, 2019

Zurich Insurance has refused to pay Mondelez International's claim of $100 million in damages from NotPetya. Those turning to cyber insurance to manage their exposure presently face significant uncertainties about its promise. Yet no cyber insurance policies cover this entire spectrum. Mondelez is suing.

Cyber Insurance 237

Cyber Insurance Insurance Cyber Risk Risk 237

Bleeping Computer

MARCH 19, 2024

With the growing number of data breaches and cyberattacks, insurance premiums are increasing. Learn more from Specops Software about how securing an Activity Directory could lead to lower cyber insurance premiums. [.]

Cyber Insurance 76

Cyber Insurance Insurance Data breaches Software 76

Malwarebytes

FEBRUARY 21, 2023

Here, they’re going out of their way to “help” by quizzing victims about the specifics of their cyber insurance policy. The note explains at length that their final ransom demand will be adjusted to ensure it falls inside of the insurance claim requirements. In its place is a long, rambling ransom note.

Cyber Insurance 96

Cyber Insurance Insurance Ransomware Encryption 96

Duo's Security Blog

FEBRUARY 4, 2025

In its modern iteration, cyber liability insurance mitigates the losses and business costs associated with cyber incidents and resulting downtime. CyberCube, a company specializing in quantifying cyber risk, estimates that the U.S. standalone cyber insurance market could reach $45 billion in premiums by 2034.

Cyber Insurance 64

Cyber Insurance Insurance Authentication Risk 64

The Last Watchdog

DECEMBER 18, 2024

Part three of a four-part series In 2024, global pressure on companies to implement advanced data protection measures intensified, with new standards in encryption and software transparency raising the bar. Similarly, software bills of materials (SBOMs) underscore the need for better accountability in third-party software.

Cybersecurity 130

Cybersecurity CISO Risk Government 130

CyberSecurity Insiders

DECEMBER 29, 2022

Otherwise, the insurance provider can quash of the policy coverage as the malware infected only the software. Thus, a ransomware attack on the software doesn’t qualify to be covered under the policy. The post Ohio Court rules out Ransomware Attack loss on Software appeared first on Cybersecurity Insiders.

Software 99

Software Ransomware Insurance Cyber Insurance 99

SecureWorld News

FEBRUARY 5, 2025

Unsecured third-party software and dependencies amplify risks across industries. Enhance third-party risk management Require comprehensive security assessments for vendors and software providers. Leverage cyber insurance to mitigate financial risks associated with supply chain attacks.

InfoSec 76

InfoSec Energy and Utilities Cybersecurity Education 76

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

SecureWorld News

APRIL 23, 2025

Security Solutions Manager at Black Duck: "Third-party services, products or software components in the software supply chain should be thoroughly assessed for security. Another challenge is the rapid nature of software development. If those controls are not effective, cyber insurance underwriters might have to pay out.

Ransomware 101

Ransomware CISO Backups Risk 101

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

The Last Watchdog

OCTOBER 5, 2023

A shift from legacy, perimeter-focused network defenses to dynamic, interoperable defenses at the cloud edge, directed at ephemeral software connections, must fully play out. These emergent software and hardware advances will pave the way for factoring in quantum computers. Leadership should prioritize cybersecurity at all levels.

Cyber threats 203

Cyber threats Cyber Insurance Threat Detection Cybersecurity 203

Bleeping Computer

JULY 18, 2023

When insurers assess an organization's cybersecurity posture, password security is a key element considered. Learn more from Specops Software on how password security can affect your insurance premiums. [.]

Insurance 62

Insurance Cyber Insurance Passwords Software 62

Bleeping Computer

AUGUST 17, 2021

Training material used by Conti ransomware affiliates was leaked online this month, allowing an inside look at how attackers abuse legitimate software seek out cyber insurance policies. [.].

Cyber Insurance 82

Cyber Insurance Ransomware Insurance Software 82

Krebs on Security

AUGUST 29, 2019

But updates to PerCSoft’s Facebook page and statements published by both PerCSoft and DDR suggest someone may have paid up: The statements note that both companies worked with a third party software company and were able to obtain a decryptor to help clients regain access to files that were locked by the ransomware.

Backups 255

Backups Ransomware Insurance Encryption 255

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.

Cyber Insurance 52

Cyber Insurance Insurance Cyber Risk Risk 52

The Last Watchdog

APRIL 30, 2019

I had the chance at RSA 2019 to visit with George Wrenn, founder and CEO of CyberSaint Security , a cybersecurity software firm that plays directly in this space. That could be for insurance purposes. “As As with any insurance, cyber insurance really requires due care.” Wrenn said. “So

Cybersecurity 173

Cybersecurity Insurance Cyber Insurance Risk 173

Security Affairs

JANUARY 14, 2019

On the other side, Mondelez was requesting the payment of a policy that was promising to conver “ all risks of physical loss or damage ” as well as “ physical loss or damage to electronic data, programs, or software, including loss or damage caused by the malicious introduction of a machine code or instruction.”

Cyber Insurance 109

Cyber Insurance Insurance Cyber Attacks Advertising 109

Krebs on Security

JULY 24, 2018

This time not only did the intruders regain access to the bank’s STAR Network, they also managed to compromise a workstation that had access to Navigator , which is software used by National Bank to manage credits and debits to customer accounts. “The policies and definitions they use are not consistent across carriers.”

Banking 197

Banking Insurance Computers and Electronics Cyber Insurance 197

The Last Watchdog

AUGUST 8, 2022

Instead, companies should create a list of scenarios that would pose a threat to their organization and then walk through each one with key stakeholders to identify who will need to be called, how the issue will be communicated, what cyber insurance will cover, and what next steps will be followed.

Artificial Intelligence 214

Artificial Intelligence Cyber Insurance Risk Telecommunications 214

The Last Watchdog

AUGUST 1, 2023

Traditional Virtual Network Computing (VNC) software allows users to remotely control another computer over a network with permission and is often used for remote technical support. SMEs, who once considered macOS as the safer option, should exercise caution and prepare themselves for the impacts of this changing threat landscape.

Malware 189

Malware Insurance Cyber Insurance Small Business 189

Adam Levin

JUNE 30, 2020

The numbers point to a nascent blame game, which in turn points to the need for companies large and small to make sure they have cyber insurance–often the only thing between your company and an extinction-level cyber event. What can CEOs do? But the answer for management here lies in being prepared.

Ransomware 186

Ransomware Insurance Cyber Insurance Manufacturing 186

The Last Watchdog

SEPTEMBER 7, 2018

Over the past couple of decades, some amazing advances in locking down software code have quietly unfolded in, of all places, Hollywood. Related: HBO hack spurs cyber insurance market. Hearn pointed to the scenario of a small startup striving to build a business around a patentable software asset. Makes sense, though.

IoT 133

IoT Technology Software Media 133

Security Affairs

FEBRUARY 8, 2024

Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Cyber Skills Gap: By 2025, there could be 3.5 million unfilled cyber security jobs, showing a big need for skilled professionals. Without any further ado, let’s have a look at the 7 most recent cyber security events.

Social Engineering 142

Social Engineering Cyber Attacks Cyber Insurance IoT 142

Duo's Security Blog

DECEMBER 7, 2022

The state of cyber liability insurance The topic of cyber liability insurance is full of datapoints, statistics and graphs all showing upward trajectories. In the long run, a solid cyber security practice could also bring premiums down, ensuring a ‘belt and braces’ approach for the company.

Insurance 98

Insurance Cyber Insurance Ransomware Risk 98

SecureWorld News

NOVEMBER 2, 2022

A : Application control so we can run computers using "allow lists" which would block all software that was not authorized, especially malware. Kip will present a session on "Cyber Insurance for IT Professionals. " Q : What is an industry-wide change you would like to see happen in 2023?

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance Cyber Risk 98

eSecurity Planet

MARCH 17, 2023

Networks are complex and connect to a number of critical components — software, applications, databases, and various types of endpoints — that don’t all operate the same way, making it a complicated challenge to keep threats off the network. It is one component of the greater vulnerability management framework.

Network Security 120

Network Security Penetration Testing Firewall Software 120

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? URGENT BUSINESS PROPOSAL!!!”

Cyber Insurance 78

Cyber Insurance Insurance Cryptocurrency Scams 78

SecureList

NOVEMBER 9, 2022

Irena Yordanova, Product Manager Software, Polycomp Ltd. In particular, governments, critical infrastructure operators, and businesses with a large international footprint will face the continued challenge of ensuring the safety and integrity of their supply-chains, both in terms of software and hardware. and the E.U.

Cybersecurity 144

Cybersecurity Cyber Insurance Cybercrime IoT 144

The Last Watchdog

MARCH 1, 2019

Now toss in the fact that digital transformation is redoubling software development and data handling complexities. This, in short, is the multi-headed hydra enterprises must tame in order to mitigate rising cyber risks. This has exponentially expanded the attack surface available to motivated, well-funded threat actors.

Threat Detection 193

Threat Detection Digital transformation Marketing Firewall 193

Krebs on Security

DECEMBER 12, 2018

Is it fair to judge an organization’s information security posture simply by looking at its Internet-facing assets for weaknesses commonly sought after and exploited by attackers, such as outdated software or accidentally exposed data and devices? Chamber of Commerce to evaluate more than 2,500 U.S.

Cyber Risk 239

Cyber Risk Energy and Utilities Risk Marketing 239

Hacker Combat

JULY 31, 2020

Carry Cyber Insurance. This makes carrying a cyber insurance policy with a reputable carrier a good idea. In addition to providing vital financial assistance in the wake of a data breach, cyber insurers scrutinize your security arrangements before agreeing to issue a policy.

Cybersecurity 69

Cybersecurity Cyber Insurance Insurance Data breaches 69

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. Enhance security measures: Strengthen your security measures to prevent future attacks.

Ransomware 96

Ransomware Banking Cyber Insurance Insurance 96

SecureWorld News

DECEMBER 7, 2022

The bot can be used for almost anything, from answering simple questions to writing music or reports—even detecting vulnerabilities in code and helping write software. Cyber insurance trends in 2023. Many end-users have already gone to Twitter to share the capabilities they are discovering.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance Social Engineering 98

Malwarebytes

SEPTEMBER 14, 2022

We've provided you with the basic software, call us if you have a problem.” Bonus: Cyber insurance. Without cyber insurance, you can expect to pay a dizzying amount of cash. Read more: 4 ways businesses can save money on cyber insurance. A “Matryoshka approach” to cyber prevention.

Technology 79

Technology DNS Cyber Insurance Insurance 79

Security Boulevard

DECEMBER 14, 2021

The rise in sophisticated supply chain cyberattacks doesn’t just affect enterprises; there are also impacts on the insurance industry and on enterprises’ cyberinsurance costs. What is a software supply chain attack? In such attacks, the attacker gains access to a.

Insurance 105

Insurance Software Cyber Insurance Risk 105

SecureWorld News

DECEMBER 1, 2022

Enterprise endpoint protection and remediation (anti-malware, anti-virus software). Cyber insurance (critical). Training for employees (awareness). Privacy training, specifically. Well documented policies and standards for employees (data handling). Endpoint encryption for all laptops. Endpoint encryption for all laptops.

InfoSec 98

InfoSec Cyber Insurance Consumer Protection Insurance 98