eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. According to the Ponemon Institute and IBM, the global average cost of a data breach is $4.24 As the number and severity of data breaches continues to rise, organizations are recognizing that those costs are not theoretical. Cyber Insurance is Booming.

Cyber Insurance 119

Cyber Insurance Insurance Marketing Small Business 119

SC Magazine

FEBRUARY 8, 2021

Every time a driver buckles up or an airbag is deployed we see the powerful influence of the insurance companies who insisted those measures become mandatory. Now, those insurers are poised to drive cybersecurity investment by insisting that organizations meet certain criteria to qualify for coverage. A maturing model.

Insurance 126

Insurance Cyber Insurance Cybersecurity Government 126

BH Consulting

JUNE 22, 2021

Organisations are coming under increasing pressure to take out cybersecurity insurance cover. Also known as cyber risk insurance, it’s now a prerequisite in some public sector tenders. Sometimes, contracts or proposals ask suppliers for both cybersecurity insurance and documented security controls.

Insurance 83

Insurance Cybersecurity Cyber Insurance Cyber Risk 83

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 Authentication 77

CyberSecurity Insiders

DECEMBER 14, 2022

–( BUSINESS WIRE )–Brendan Hall has joined Alliant Insurance Services as a Senior Vice President as part of the newly created Alliant Cyber, one of 14 Alliant industry-dedicated verticals. He brings over 20 years of experience in the cybersecurity industry. About Alliant Insurance Services. IRVINE, Calif.–(

Insurance 52

Insurance Cyber Insurance Cyber Risk Risk 52

eSecurity Planet

MAY 27, 2021

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

Cyber Insurance 128

Cyber Insurance Insurance Cyber Attacks Ransomware 128

SecureWorld News

NOVEMBER 30, 2021

The Starwood reservation system it was acquiring had been hacked, because of a data breach that began long before the two companies became one. M&A cyber risk is real. DNA testing company data breach impacts personal information. Growing focus: cybersecurity due diligence around M&A.

Data breaches 82

Data breaches Insurance Cyber Risk Risk 82

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

JULY 13, 2021

million patients have been impacted by a health care data breach so far in 2021, a whopping 185% increase from the same time period last year where just 7.9 The attacks on our nation’s critical infrastructures, which includes our hospital systems, has resulted in government agencies showing a renewed focus on cybersecurity.”.

Data breaches 113

Data breaches Insurance Healthcare Education 113

Duo's Security Blog

OCTOBER 7, 2022

In this blog, we explain why it makes sense for these firms to work with managed service providers (MSPs) to help bolster their security posture and increase their chances of getting cyber liability insurance cover as insurers continue to raise the bar. Small business cyber insurance: Is it really needed?

Small Business 81

Small Business Cyber Insurance Insurance Cyber Risk 81

SecureWorld News

JANUARY 31, 2024

Cyber risk is an existential issue for companies of all sizes and in all industries. However, it also exposes companies to additional layers of risk. Frequently, the liability associated with slip-and-falls is pushed up to the owner—and within that same upstream push, so goes privacy and data breach liability.

Risk 86

Risk Cyber Insurance Insurance Data breaches 86

SecureWorld News

AUGUST 23, 2023

This morning, Critical Start released its first ever Cyber Risk Landscape Peer Report , which explores some of the major concerns and challenges currently confronting cybersecurity leaders as they manage risk within their organizations. Here are some comments on the cyber risk landscape from cybersecurity vendor experts.

Cybersecurity 75

Cybersecurity Cyber Risk Risk Cyber Insurance 75

The Last Watchdog

DECEMBER 5, 2018

The healthcare industry has poured vast resources into cybersecurity since 2015, when a surge of major breaches began. While the nature of these breaches has evolved over the last four years, the growth in total healthcare incidents has unfortunately continued unabated. In early 2015, health insurer A nthem Inc.

Data breaches 153

Data breaches Healthcare Insurance Risk 153

The Last Watchdog

JANUARY 30, 2019

Late last year, Atrium Health disclosed it lost sensitive data for some 2.65 Third-party cyber risks are likely to persist at the current scale for a while longer. There is impetus for change – beyond the fear of sustaining a major data breach.

Cyber Risk 147

Cyber Risk Risk Financial Services Banking 147

Joseph Steinberg

JULY 8, 2021

And even relatively rich organizations may fail altogether if they suffer the reputational harm that follows multiple serious cyber-incidents. Insurance is, therefore, always needed.

Insurance 363

Insurance Cyber Insurance Cybersecurity Small Business 363

Webroot

JULY 25, 2022

Here are some of the key trends which we observed at this year’s first marquee cybersecurity event post-pandemic: 1. 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 126

Cyber Insurance Insurance Marketing Ransomware 126

BH Consulting

JANUARY 11, 2022

From ransomware and scams to security frameworks and employee privacy, our 2021 ‘greatest hits’ show how broad the areas of cybersecurity and data protection can be. We begin with a look at a contentious topic: cyber risk insurance. Sense of security: careful thinking to avoid trickster tactics.

Cybersecurity 59

Cybersecurity Insurance Scams Cyber Risk 59

Centraleyes

SEPTEMBER 1, 2024

They emphasize regulatory risks and compliance requirements. Cyber Risk Register Template Cyber risk templates, or information security risk register templates focus on managing risks related to information security and cyber threats, helping organizations protect digital assets and respond effectively to incidents.

Risk 52

Risk Cyber Risk DDOS Data breaches 52

SC Magazine

FEBRUARY 10, 2021

The Cybersecurity and Infrastructure Security Agency (CISA) recently included security ratings or scoring as part of its cyber risk reduction initiative. The Cybersecurity and Infrastructure Security Agency (CISA) recently included security ratings or scoring as part of its cyber risk reduction initiative.

Cyber Insurance 83

Cyber Insurance Insurance Cyber Risk Government 83

NetSpi Executives

OCTOBER 17, 2023

Department of Health and Human Safety is Assisting TL;DR The Consolidated Appropriations Act of 2023 brings a substantial change to the regulation of medical device cybersecurity. This shift aims to enhance the safety and integrity of medical devices, emphasizing the importance of cybersecurity in healthcare.

Healthcare 94

Healthcare Manufacturing Cyber Risk Cybersecurity 94

Centraleyes

JANUARY 18, 2024

Quantifying Third-Party Risk: Quantifying third-party risk involves a systematic assessment process to measure the potential impact of a third party’s actions on your business. This includes evaluating data security and privacy measures, cybersecurity practices, business continuity, and compliance monitoring.

Risk 52

Risk Insurance Technology Cyber Risk 52

SecureWorld News

AUGUST 18, 2020

Securities and Exchange Commission, notifying the SEC of the data breach. Hackers exfiltrated (removed) some data. The Company is working with industry leading cybersecurity firms to immediately respond to the threat, defend the Company's information technology systems, and conduct remediation. Remediation is underway.

Cyber Insurance 85

Cyber Insurance Ransomware Insurance Technology 85

SC Magazine

MAY 28, 2021

The Transportation Security Administration, tasked with overseeing the security of oil and natural gas pipelines, put in place new pipeline cybersecurity requirements this week, the first mandatory cybersecurity practices for pipelines.

Insurance 117

Insurance Government Ransomware Risk 117

SiteLock

AUGUST 27, 2021

A data breach, ransomware attack or other digital attack that knocks your website offline can cost your business anywhere from thousands to millions of dollars in remediation, lawsuits from customers and fines by regulators. That leads us to the next costly cyber risk to your business – unplanned downtime.

Data breaches 98

Data breaches DDOS Ransomware Marketing 98

Joseph Steinberg

AUGUST 5, 2021

While leveraging cyber-liability insurance has become an essential component of cyber-risk mitigation strategy, cyber-liability offerings are still relatively new, and, as a result, many parties seeking to obtain coverage are still unaware of many important factors requiring consideration when selecting a policy.

Insurance 258

Insurance Cyber Insurance Artificial Intelligence Cybersecurity 258

Centraleyes

JANUARY 7, 2024

Cybersecurity is top of mind for most businesses today. A single data breach can compromise your ability to operate, generate revenue, and ruin the reputation you’ve spent years building with your clients, business partners, and vendors. There’s no avoiding digital risk.

Cyber Risk 52

Cyber Risk Risk Penetration Testing Cybersecurity 52

Cytelligence

FEBRUARY 4, 2020

The acquisition will help Aon expand its current coverages within the cyber market at a time when cyber claims are almost doubling year-over-year. Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025. said J Hogg, CEO of Aon Cyber Solutions.

Penetration Testing 45

Penetration Testing Insurance Data preservation Cyber Insurance 45

Thales Cloud Protection & Licensing

JUNE 15, 2023

Improved key management practices: With KMaaS, organizations can ensure that their keys are managed according to industry best practices, which helps minimize the risk of data breaches. Managing the encryption keys securely, KMaaS can help protect encryption and prevent unauthorized access to sensitive data.

Encryption 133

Encryption Data breaches Authentication Risk 133

Security Affairs

NOVEMBER 14, 2022

The size of the cyber risk to companies cannot be underestimated. To indicate the size of the cyber risk to companies, there is, on average, a cyber-attack every 39 seconds, which does not mean that every attack is successful, but that there is an attempt to access companies’ computer systems with that frequency.

Cyber Risk 122

Cyber Risk Insurance Cyber Attacks Risk 122

IT Security Guru

JUNE 17, 2024

When critical systems are locked down or data is made inaccessible, operations can grind to a halt. Beyond the ransom itself, businesses also face costs related to system restoration, increased cybersecurity measures, potential legal fees, and fines for regulatory non-compliance.

Ransomware 121

Ransomware Insurance Risk Backups 121

SC Magazine

JULY 1, 2021

Armis researchers surveyed more than 2,000 professionals in May, which showed most users don’t pay attention to major cybersecurity attacks against critical infrastructure and operational technology entities, such as the attack against Colonial Pipeline in early May. in the last year and the continued rise in cyber events.

Security Awareness 68

Security Awareness IoT Risk Healthcare 68

SecureWorld News

OCTOBER 11, 2023

Before that, I worked as a full-time CISO for an insurance company for seven years. In both of these roles, I've spent a lot of time working with senior decision makers to create the most business value for the money spent on cybersecurity. And each one of these companies has its own vendor risk management program.

Insurance 93

Insurance Passwords CISO Cybersecurity 93

Pen Test

OCTOBER 10, 2023

Double extortion introduces catastrophic risks of data breach and loss of customer trust if sensitive information gets leaked publicly. Even just the notification of a data breach can harm an organization's reputation and bottom line. Fines for non-compliance could offset insurance payouts.

Ransomware 52

Ransomware Backups Insurance Cyber Insurance 52

Spinone

NOVEMBER 30, 2020

What is cybersecurity risk? Cybersecurity risk is a negative outcome that an organization may endure in the event of a cyber incident occurrence in its digital ecosystem. Another common understanding of this term is the probability of a cyber incident happening in an information system. By area of impact: 1.

Risk 52

Risk Cybersecurity Cyber Risk Encryption 52

eSecurity Planet

MARCH 17, 2023

Whether you’re operating a global enterprise network or a small family business, your network’s security needs to be optimized with tools, teams, and processes to protect customer data and valuable business assets. NDR solutions are designed to integrate well with the rest of your cybersecurity solutions stack.

Network Security 120

Network Security Penetration Testing Firewall Antivirus 120

CyberSecurity Insiders

JANUARY 12, 2022

NEW YORK–( BUSINESS WIRE )–Flashpoint, the trusted leader in threat intelligence and risk prevention, today announced it has acquired Risk Based Security (RBS), a Richmond, Virginia-based company specializing in vulnerability and data breach intelligence, as well as vendor risk ratings.

Risk 52

Risk Data breaches Cyber threats Cyber Risk 52

SecureWorld News

AUGUST 25, 2021

With the demand for cybersecurity professionals at an all-time high, the culture and workplace environment can be a deciding factor when selecting an organization to work for. Cybersecurity officials struggle in Florida. Cybersecurity concerns in Florida State Government. And this is increasing cyber risk.

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CISO Cybersecurity Government Technology 98