The Last Watchdog

DECEMBER 5, 2018

The compromised databases included names, addresses, dates of birth, insurance policy details, medical record numbers, account balances and dates of service — of both guarantors and patients. The fact that this incident is being labeled “the Atrium breach” in the media also shows where the reputational risk lies.

Data breaches 153

Data breaches Healthcare Insurance Risk 153

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 Cybersecurity Cyber Insurance Government 126

SecureWorld News

APRIL 29, 2024

Kaiser Permanente, one of the largest not-for-profit providers of health care and coverage in the United States, is dealing with the fallout from a significant data breach that has affected more than 13 million individuals. The company revealed details of the incident in a public notification posted on April 25th.

Data breaches 106

Data breaches Healthcare Identity Theft Advertising 106

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. Have you looked closely enough at this type of risk?

Data breaches 97

Data breaches Insurance Cyber Risk Risk 97

Krebs on Security

DECEMBER 12, 2018

For years, potential creditors have judged the relative risk of extending credit to consumers based in part on the applicant’s credit score — the most widely used being the score developed by FICO , previously known as Fair Isaac Corporation. Data accidentally released by FICO about the Cyber Risk Score for ExxonMobil.

Cyber Risk 236

Cyber Risk Energy and Utilities Risk Marketing 236

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 Fortified Health report is meant to support health care covered entities in light of the ongoing threats and the rise in data breach numbers. More than 22.8

Data breaches 113

Data breaches Insurance Healthcare Education 113

SecureWorld News

MARCH 3, 2021

This is just more proof that cyber risk is a business risk. Operational impact of the data breach. It also included detailed information on the data breach and how that impacted the operations of the company. "As Incident response to the data breach. Financial impact of the data breach.

Data breaches 98

Data breaches Technology Healthcare Insurance 98

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 98

Small Business Cyber Insurance Insurance Cyber Risk 98

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

Security Boulevard

MAY 11, 2022

With ransom demands rising and the cost of data breaches soaring, businesses are investing heavily in building their cyber defenses. Buying a cyber risk insurance program can help outsource residual risk, and deploying multi-factor authentication is […]… Read More.

Cyber Risk 52

Cyber Risk Insurance Authentication Risk 52

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 Cyber Attacks 77

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

Security Boulevard

NOVEMBER 24, 2023

First published by HelpNetSecurity  — Matthew Rosenquist Cybersecurity insurance is a rapidly growing market, swelling from approximately $13B in 2022 to an estimated $84B in 2030 (26% CAGR), but insurers are struggling with quantifying the potential risks of offering this type of insurance. to 130.6%).

Insurance 72

Insurance Risk Cyber Insurance Cybersecurity 72

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 101

Risk Cyber Insurance Insurance Data breaches 101

Thales Cloud Protection & Licensing

JULY 4, 2022

How Cybersecurity Insurance Can Work To Help An Organization. For many years, organizations had limited options for addressing data protection risks. A company could never eliminate risk, but they could try to reduce or mitigate it. The function of cybersecurity insurance. What does cybersecurity insurance cover?

Insurance 71

Insurance Cybersecurity Risk Ransomware 71

Trend Micro

JANUARY 8, 2024

As the threat landscape evolves and the cost of data breaches increase, so will cyber insurance requirements from carriers. Cyber Risk Specialist Vince Kearns shares his 4 predictions for 2024.

Cyber Insurance 52

Cyber Insurance Insurance Cyber Risk Data breaches 52

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

Webroot

JULY 25, 2022

Cyber insurance becomes mainstream discussion. As cyberattacks have become more costly and more challenging to track, cyber insurance has gained prominence across the industry. The cyber insurance market is expected to reach around $20B by 2025.

Cyber Insurance 136

Cyber Insurance Insurance Marketing Ransomware 136

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. His extensive experience and knowledge in this space will help as we formalize and expand our cyber offerings.”. IRVINE, Calif.–(

Insurance 52

Insurance Cyber Insurance Cyber Risk Risk 52

Security Boulevard

DECEMBER 20, 2022

The post RiskLens Fast Facts on Cyber Risk for CPAs, Lawyers & Other Professionals appeared first on Security Boulevard. Bansley & Kiener did not admit any guilt. That settlement would be a hefty penalty for a firm with annual revenue around $9 million, according to public records. .

Cyber Risk 52

Cyber Risk Risk Insurance Data breaches 52

The Last Watchdog

OCTOBER 5, 2023

5, 2023 — Kovrr , the leading global provider of cyber risk quantification (CRQ) solutions, announces the release of its new Fortune 1000 Cyber Risk Report, shedding light on the complex and ever-evolving cyber risk landscape across various industry sectors and the respective financial repercussions companies may consequently face.

Cyber threats 100

Cyber threats Cyber Risk Retail Risk 100

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

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 94

Cybersecurity Cyber Risk Risk Cyber Insurance 94

Centraleyes

JANUARY 7, 2024

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. However, that doesn’t mean there aren’t plenty of ways to minimize these risks.

Cyber Risk 52

Cyber Risk Risk Penetration Testing Cybersecurity 52

SecureWorld News

AUGUST 18, 2020

Securities and Exchange Commission, notifying the SEC of the data breach. Hackers exfiltrated (removed) some data. Ransomware attacks: another argument for cyber insurance? Business interruption, loss of revenue and reputational damages are all financial burdens that cyber insurance can provide relief for.

Cyber Insurance 98

Cyber Insurance Ransomware Insurance Technology 98

IT Security Guru

JUNE 17, 2024

Data Breach and Privacy Concerns Most ransomware attacks often involve data theft before encrypting the victim’s data. This dual-threat approach means businesses risk losing access to their data, while simultaneously potentially facing a data breach.

Ransomware 137

Ransomware Insurance Risk Backups 137

SC Magazine

MAY 28, 2021

Colonial Pipeline also heightened discussion about the influence of ransomware attacks on cyber insurance. Even before the incident, some insurers dropped coverage for ransomware payments, while others began to ratchet up cybersecurity standards for coverage in an effort to prevent an attack.

Insurance 117

Insurance Ransomware Government Risk 117

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

The Last Watchdog

APRIL 18, 2019

Imposing just the right touch of policies and procedures towards mitigating cyber risks is a core challenge facing any company caught up in digital transformation. Related: Data breaches fuel fledgling cyber insurance market. Enterprises, especially, tend to be methodical and plodding.

Digital transformation 113

Digital transformation Cyber Risk Risk Penetration Testing 113

The Last Watchdog

FEBRUARY 25, 2019

These vendors drilled down on “governance and attestation,” coming up with advanced ways to enable companies to monitor and report cyber risk profiles to government and industry auditors. Indeed, unauthorized access to confidential data continues to be root cause for just about any headline-grabbing data breach you care to name.

Government 169

Government Authentication Technology Data breaches 169

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

SecureWorld News

OCTOBER 11, 2023

Before that, I worked as a full-time CISO for an insurance company for seven years. Most people just sign the data security addendum with only a casual glance and then hope for the best. I've redacted the sources, but our customers are offering SaaS and selling to large insurance companies. Here's the first example.

Insurance 106

Insurance Passwords CISO Cybersecurity 106

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

Centraleyes

JULY 24, 2024

Coverage Confusion Most policies cover data breaches and cyber attacks, but what about system failures from an update gone wrong? Insurers and businesses need to figure out if their policies cover losses from such disruptions and how to validate these claims. The post CrowdStrike Outage appeared first on Centraleyes.

Insurance 52

Insurance Cyber Risk Healthcare Data breaches 52

NetSpi Executives

OCTOBER 17, 2023

It’s important to note that non-compliance with these cyber device submission elements is prohibited under Section 301 of the Federal Food, Drug, and Cosmetic (FD&C) Act, underscoring the gravity of these updates.

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

SecureWorld News

AUGUST 25, 2021

In the last year, the state has seen a cyberattack take out the top regulatory agency, a data breach compromise the personal information of thousands of applicants for children’s health insurance, and a cyberattack that resulted in confidential information of 58,000 unemployment applicants being stolen, including SSNs and bank information.

CISO 98

CISO Cybersecurity Government Technology 98