Security Boulevard

NOVEMBER 10, 2022

Flagstar said it has no evidence that any of the information obtained in the latest breach has been misused – nonetheless, at least two customer lawsuits are in the courts, one filed by a plaintiff who claims that his identity was falsely used to take out a loan after the breach. RiskLens is the leader in cyber risk quantification .

Cyber Risk 52

Cyber Risk Risk Banking Financial Services 52

SecureWorld News

MAY 30, 2024

The infamous cybercrime syndicate ShinyHunters has struck again, this time claiming responsibility for an absolutely staggering data breach impacting live entertainment giants Ticketmaster and Live Nation. In the past, breaches have led to companies losing market share to key competitors.

Data breaches 116

Data breaches Data privacy Marketing Accountability 116

Centraleyes

SEPTEMBER 10, 2024

What is an OT Cyber Risk Framework? An OT Cyber Risk Framework is a structured approach designed to identify, assess, manage, and mitigate cybersecurity risks in Operational Technology environments. Assessing the potential impact of cyber threats on critical industrial systems.

Cyber Risk 52

Cyber Risk Risk Cyber threats Cybersecurity 52

SC Magazine

APRIL 19, 2021

Insurance claims from cyber/ransomware events have consumed up to 40% of the claims of some insurers’ cyber books. Cyber insurance was once seen as a stable sector of commercial insurance, with lower-than-average loss ratios compared to other major commercial coverages.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

SecureWorld News

APRIL 17, 2023

Pros of cyber insurance Financial protection: Cyber insurance can help protect an organization from significant financial losses resulting from a cyberattack or data breach. The cost of the policy may outweigh the potential financial benefit in the event of a cyber incident. Is it required?

Cyber Insurance 116

Cyber Insurance Insurance Risk CISO 116

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 142

Cyber Risk Insurance Cyber Attacks Risk 142

CyberSecurity Insiders

FEBRUARY 3, 2023

Therefore, the collaboration is said to use artificial intelligence to better detect network intrusions in an automated way that will improve cyber risk management of critical infra such as power utilities. The post Australia entities suffer Cyber Attacks and QUAD update appeared first on Cybersecurity Insiders.

Cyber Attacks 117

Cyber Attacks Artificial Intelligence Identity Theft Cyber Risk 117

Adam Levin

JULY 3, 2019

There are many enterprise-level solutions out there to minimize the risk of such catastrophic cybersecurity events, but they aren’t available to a company that doesn’t know what it doesn’t know. In this regard, knowledge of cyber risks and cyber defense are fungible assets. Mark Warner (D-Va.)

Data breaches 125

Data breaches Healthcare Cybersecurity Cyber Risk 125

Spinone

DECEMBER 20, 2018

How can organizations reduce, prevent, and even avoid data breaches in the cloud? Let’s look at a few strategies and technologies that can be successfully used to secure data in the cloud and help reduce and even prevent data breaches in the cloud. Proactive alerting of security and policy related events.

Data breaches 58

Data breaches Encryption Backups Accountability 58

CyberSecurity Insiders

MARCH 23, 2022

We are also now seeing the proliferation of weaponized cyberattacks in the face of geopolitical events. This new era of attacks demonstrate that the cyber landscape will never be the same. Real-time cyber risk monitoring enables firms to protect their most sensitive data and safeguard against internal and external threats.

Cyber Risk 119

Cyber Risk Risk Ransomware Technology 119

Webroot

JULY 25, 2022

The first in-person event for RSA since the global pandemic had a slightly lower turnout than in years past (26,000 compared to 36,000 attendees). Here are some of the key trends which we observed at this year’s first marquee cybersecurity event post-pandemic: 1. Cyber insurance becomes mainstream discussion.

Cyber Insurance 136

Cyber Insurance Insurance Marketing Ransomware 136

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 103

Risk Cyber Insurance Insurance Data breaches 103

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 Ransomware 258

eSecurity Planet

MAY 27, 2021

A report this month from the Government Accountability Office (GAO) found that the number of companies seeking cyber insurance coverage has steadily risen since 2016 and that insurers are increasing the prices of their policies and lowering their coverage limits as the number of cyberattacks rise. In addition, the U.S.

Cyber Insurance 129

Cyber Insurance Insurance Cyber Attacks Ransomware 129

Approachable Cyber Threats

JULY 31, 2023

If you’re a publicly traded company, you’re required to report cybersecurity events that impact the bottom line to your investors. In the event of a cybersecurity incident you’re expected to report it to investors within just four days. and then repeat that process for the many other risks that could lower the value of your investment.

Cybersecurity 90

Cybersecurity Risk Cyber Risk Data breaches 90

Spinone

NOVEMBER 22, 2018

We covered the cybersecurity landscape including the most high-profile cyber crime statistics: number of attacks, crime targets, cybersecurity spendings, and cyber risk management. Spending on Cyber Security Why is the cybersecurity market expanding so rapidly? Cyber Risk Management is a business responsibility.

Cybersecurity 73

Cybersecurity Cyber Risk Marketing Risk 73

IT Security Guru

FEBRUARY 28, 2023

Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyber risk a potentially uninsurable area due to falling profitability.

Cyber Insurance 132

Cyber Insurance Insurance Marketing Cyber Attacks 132

Centraleyes

MARCH 3, 2025

The SHIELD Act: Strengthening New Yorks Data Security The SHIELD Act , passed in 2019, builds on New Yorks earlier Information Security Breach and Notification Act (2005). It introduces more stringent requirements for protecting private information and expands the definition of a data breach. fingerprints, retina scans).

Data breaches 52

Data breaches Risk Financial Services Data privacy 52

Centraleyes

MARCH 13, 2025

The regulation emphasizes strict access control measures to ensure that only authorized personnel can access sensitive data. Over 60% of data breaches involve insiderssome malicious, others accidental. Encryption Sensitive data must be encrypted, whether in transit or at rest.

Cybersecurity 52

Cybersecurity Financial Services Risk Encryption 52

Duo's Security Blog

OCTOBER 7, 2022

It will be unsurprising that because of this demand, insurers are particularly careful how they build their policies to minimize their risk from large cyber events. This is especially true if the company looking for cover hasn’t taken adequate enough steps to minimize cyber risks itself.

Small Business 98

Small Business Cyber Insurance Insurance Cyber Risk 98

SecureWorld News

AUGUST 18, 2020

Securities and Exchange Commission, notifying the SEC of the data breach. Hackers exfiltrated (removed) some data. The unauthorized access also included the download of certain of our data files. And number one is cyber insurance. The cruise line did not specify which of its cruise brands was impacted.

Cyber Insurance 98

Cyber Insurance Ransomware Insurance Technology 98

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. share of the cyber insurance field.

Cyber Insurance 121

Cyber Insurance Insurance Marketing Small Business 121

SC Magazine

MAY 24, 2021

Overall, insurance companies seem to be responding to increased demand from clients for cyber-specific insurance, and one survey found that the two things most likely to spur a purchase of cyber insurance are when a business experiences a cyber attack and when they hear about other companies being hit by a cyber attack.

Cyber Insurance 94

Cyber Insurance Insurance Marketing Cyber Risk 94

SecureWorld News

JUNE 30, 2021

However, as a result of the Data Breach, both the past lab results and future lab orders that Rubenstein had through July 2021 were inaccessible to him. Rubenstein altogether missed a regularly scheduled bone marrow biopsy in May 2021 due to the Data Breach and its resultant online network failure.

Ransomware 62

Ransomware Data breaches Healthcare Identity Theft 62

Thales Cloud Protection & Licensing

MAY 10, 2022

With businesses becoming more and more digitized, they are exposed to greater cyber risks. And while organizations are taking steps to protect against cyber attacks, cybersecurity controls are not impenetrable. Cyber risk insurance covers the costs of recovering from a security breach, a virus, or a cyber-attack.

Cyber Insurance 77

Cyber Insurance Insurance Cyber Risk Cyber Attacks 77

NetSpi Executives

OCTOBER 17, 2023

Breach Notification Guidelines and Incident Reporting Should a data breach occur, the Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA) details information required for reporting. At NetSPI, our goal is to equip our clients to maintain the security of their systems and avoid potential breaches.

Healthcare 94

Healthcare Manufacturing Cyber Risk Cybersecurity 94

SecureWorld News

JUNE 30, 2021

However, as a result of the Data Breach, both the past lab results and future lab orders that Rubenstein had through July 2021 were inaccessible to him. Rubenstein altogether missed a regularly scheduled bone marrow biopsy in May 2021 due to the Data Breach and its resultant online network failure.

Ransomware 59

Ransomware Data breaches Healthcare Identity Theft 59

eSecurity Planet

APRIL 9, 2024

This framework guarantees that appropriate authentication measures, encryption techniques, data retention policies, and backup procedures are in place. Common threats include misconfigurations, cross-site scripting attacks, and data breaches. Security breaches have a lower impact when they are detected and responded to on time.

Risk 109

Risk Threat Detection Data breaches Encryption 109

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

Security Boulevard

NOVEMBER 16, 2021

These are just a handful of the 18,000 or so customers affected by the SolarWinds Orion data breach of 2020, and, nearly two years later, the company continues to handle the fallout from this event. “We We expect to incur significant legal and other professional services expenses associated with the Cyber Incident in future.

Data breaches 52

Data breaches Cybersecurity Cyber Risk Cyber Attacks 52

Approachable Cyber Threats

JULY 31, 2023

If you’re a publicly traded company, you’re required to report cybersecurity events that impact the bottom line to your investors. In the event of a cybersecurity incident you’re expected to report it to investors within just four days. and then repeat that process for the many other risks that could lower the value of your investment.

Cybersecurity 52

Cybersecurity Risk Cyber Risk Data breaches 52

Spinone

NOVEMBER 19, 2018

Let’s take a look at key insights on cybersecurity risks for CEOs and management teams. Understanding Cyber Risk Management Even if a CEO does not have a background in IT or experience with IT infrastructure in general, they must be aware of the risk and impact of cybersecurity or lack thereof on their business.

Risk 65

Risk Cybersecurity Technology Cyber Risk 65

eSecurity Planet

AUGUST 7, 2024

Organizations can defend their assets and maintain consumer trust by addressing cyber risks, obtaining a competitive edge, assuring full-stack visibility, adopting proactive security, and allowing business agility. Protects sensitive data against unauthorized access. Ensure that data is encrypted both in transit and at rest.

Architecture 105

Architecture DDOS Encryption Data breaches 105

Spinone

NOVEMBER 30, 2020

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. Highly probable, e.g., a ransomware attack.

Risk 52

Risk Cybersecurity Cyber Risk Encryption 52

Spinone

OCTOBER 27, 2020

IBM’s “ 2019 Cost of a Data Breach Report ” details the costs that come from a data breach as a result of various cybersecurity risks. They are eye-opening: The United States sees the costliest cybersecurity events – the average total cost of $8.19 Are cybersecurity breaches costly?

Risk 52

Risk Cybersecurity Penetration Testing Data breaches 52

Security Boulevard

NOVEMBER 24, 2023

The traditional actuary models do not apply well to an environment where highly motivated, creative, and intelligent attackers are dynamically pursuing actions that cause insurable events. Denial of service attacks were once popular but were superseded by data breaches, which cause much more damage. to 130.6%).

Insurance 72

Insurance Risk Cyber Insurance Cybersecurity 72

The Security Ledger

MAY 16, 2019

In this Spotlight Podcast, sponsored by RSA,* we're joined by RSA Portfolio Strategist Steve Schlarman for a discussion of managing the risks in digital transformation. » Related Stories Report: Companies Still Grappling with IoT Security Podcast Episode 141: Massive Data Breaches Just Keep Happening. We Talk about Why.

Digital transformation 40

Digital transformation Risk Artificial Intelligence Cyber Risk 40