CyberSecurity Insiders

MARCH 25, 2021

Statistics suggest that the financial worth of the gaming market across the globe will reach $138 billion by 2021 and will also become an attractive target for criminals to launch cyber attacks. Next in the line will be the online casino industry that lacks adequate measures to mitigate sophisticated cyber risks like DDoS attacks.

Cyber Attacks 120

Cyber Attacks Data breaches DDOS Cyber Risk 120

The Last Watchdog

MARCH 8, 2023

Therefore, the security of APIs is crucial to ensure the confidentiality, integrity, and availability of sensitive information and to protect against potential threats such as data breaches, unauthorized access, and malicious attacks. Over the last few years, we have observed that APIs are the favorite attack vector for hackers.

Digital transformation 200

Digital transformation Data breaches Cyber Risk Marketing 200

Thales Cloud Protection & Licensing

DECEMBER 4, 2024

As a result, data security is a serious matter for your board of directors, mandating you get their buy-in and oversight. At the same time, data estates are sprawling, cyber vulnerabilities are skyrocketing, and no one is immune to increasing cyber risks. Examples of both are on page 6 of the CISO Guide.

CISO 62

CISO Risk Data breaches Unstructured Data 62

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

SecureWorld News

JANUARY 11, 2024

In this digital battlefield, cyber insurance has emerged as a crucial shield, offering financial protection against data breaches, ransomware attacks, and other cyber incidents. Data limitations : Accurately assessing cyber risk remains a challenge due to limited data.

Cyber Insurance 121

Cyber Insurance Insurance Cyber Risk Data breaches 121

SC Magazine

APRIL 19, 2021

Recently, New York State’s Department of Financial Services issued a memorandum providing guidance to the insurance industry to help stabilize and safeguard the cyber insurance market. The NY DFS Cyber Insurance Risk Framework outlines a 7-point program for insurers to manage their cyber insurance risk.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

CyberSecurity Insiders

MARCH 30, 2023

Seasoned CISOs/CSOs understand the importance of effectively communicating cyber risk and the need for investment in cybersecurity defense to the board of directors. A comprehensive approach encompasses aligning with business objectives, identifying key cyber risks, and setting priorities for investment.

Cybersecurity 119

Cybersecurity Cyber Risk CISO Risk 119

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

SC Magazine

APRIL 23, 2021

NASDAQ displays in Times Square deliver stock market information to traders. Moody’s Cyber Risk Group has spoken with several organizations that have fallen victim to ransomware gangs over the past few years, and there is often a large discrepancy between ransomware gangs’ claims and reality. bfishadow on Flickr, CC BY 2.0

Ransomware 136

Ransomware Marketing Cyber Risk Media 136

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. False sense of security: Having cyber insurance should not be a substitute for investing in strong cybersecurity measures and practices.

Cyber Insurance 116

Cyber Insurance Insurance Risk CISO 116

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

Webroot

JULY 25, 2022

Market landscape for XDR grows more crowded. Most customers alluded to the cybersecurity skills shortage; one of the key market drivers remains a “managed” component tailored to organizations’ response capabilities. The cyber insurance market is expected to reach around $20B by 2025.

Cyber Insurance 136

Cyber Insurance Insurance Marketing Ransomware 136

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

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

Security Affairs

MARCH 24, 2024

surfaces in the threat landscape Pokemon Company resets some users’ passwords Ukraine cyber police arrested crooks selling 100 million compromised accounts New AcidPour wiper targets Linux x86 devices.

Malware 124

Malware Cybercrime Hacking Cyber threats 124

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. million and climbing. That’s a 29.1%

Cyber Insurance 121

Cyber Insurance Insurance Marketing Small Business 121

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

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

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

Centraleyes

DECEMBER 11, 2024

Operational Disruptions: Cyberattacks can result in grounded flights, delays, and safety risks. Reputational Damage: Customers may lose trust in an organization that experiences a data breach or system compromise. How do I achieve compliance with IATA cybersecurity regulations?

Risk 52

Risk Cybersecurity Penetration Testing Digital transformation 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

eSecurity Planet

SEPTEMBER 1, 2021

Insecure implementations may result in unauthorized access to threat actors and potential data breaches.” This instance can result in NFV data breaches, resource exhaustion, or DDoS attacks. Incentivizing a Cyber Duty of Care. There are no secure implementation guides or standards for network operators.

Risk 137

Risk Cybersecurity IoT Wireless 137

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.

Insurance 72

Insurance Risk Cyber Insurance Cybersecurity 72

Thales Cloud Protection & Licensing

JUNE 4, 2019

57% of Europeans know that there is a public authority in their country responsible for protecting their rights about personal data. 89,271 is the number of data breach notifications. In addition, the evolution of technology will certainly challenge even the best-prepared organizations and hugely increase their cyber risk.

Data privacy 102

Data privacy Artificial Intelligence Data breaches Technology 102

CyberSecurity Insiders

DECEMBER 6, 2021

In addition to being a differentiator, cybersecurity must be at the core of digital transformation strategies because investments in advanced technologies are obsolete if they’re vulnerable to attacks or leaking data. These attacks received global attention and spotlighted the need for even more attention on cybersecurity best practices.

Cybersecurity 105

Cybersecurity Ransomware Security Awareness Technology 105

CyberSecurity Insiders

DECEMBER 14, 2022

Brendan understands what clients are grappling with today when it comes to managing cyber risk and how this area of risk is evolving,” said Michael Cusack, Executive Vice President, Alliant Specialty. His extensive experience and knowledge in this space will help as we formalize and expand our cyber offerings.”.

Insurance 52

Insurance Cyber Insurance Cyber Risk Risk 52

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

Moreover, manufacturers must establish and maintain processes to ensure that the device and associated systems are sufficiently cyber-secure. 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.

Healthcare 94

Healthcare Manufacturing Cyber Risk Cybersecurity 94

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

CyberSecurity Insiders

JANUARY 28, 2022

Mergers and acquisition (M&A) of products, capabilities, and companies has become a common strategy for business and market growth. cybersecurity M&A deals hit 151 in the first three quarters of 2021, compared to 80, 88 and 94 in 2018, 2019 and 2020, respectively, according to data from 451 Research.

Cybersecurity 89

Cybersecurity Digital transformation CSO Risk 89

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

Centraleyes

SEPTEMBER 1, 2024

Let’s explore some types of risk registers out there on the market. Compliance Risk Register Template These templates identify, assess, and mitigate compliance-related risks in regulatory-heavy industries. They emphasize regulatory risks and compliance requirements. This can be a numerical scale (e.g.,

Risk 52

Risk Cyber Risk DDOS Data breaches 52

SC Magazine

MAY 12, 2021

New research from security vendor Aqua Security, which draws on the past year of internal customer data, finds that businesses continue to suffer fallout from their poorly configured cloud assets in the form of data breaches.

Data breaches 67

Data breaches Internet Internet Media 67

Jane Frankland

APRIL 28, 2022

Success comes when an organisation pays attention to them and to the market. It’s a roller coaster of a time to lead, as CIOs, CISOs and CTOs are having to deal with more users, data, devices, technologies, connectivity, mobility, regulations, risks, and threats than they care to. million per organisation.

CISO 130

CISO Mobile Technology Risk 130

BH Consulting

JUNE 22, 2021

Also known as cyber risk insurance, it’s now a prerequisite in some public sector tenders. You could argue cybersecurity insurance is useful because it makes people think of business risk, not just IT problems. Ultimate responsibility for data breaches rests with the board and the CEO.

Insurance 83

Insurance Cybersecurity Cyber Insurance Cyber Risk 83

Security Boulevard

AUGUST 22, 2024

Against the backdrop of heightened recognition of the critical role of robust access control and identity management, the growth of the IAM market has been steered by a confluence of compelling drivers. A recent survey by KuppingerCole Analysts found that almost 95% of organizations have an IAM solution implemented.

Digital transformation 69

Digital transformation Authentication Technology Mobile 69

SC Magazine

FEBRUARY 8, 2021

The relationship between enterprises and insurers, like the cyber insurance market itself, is evolving. That’s quite the incentive for insurers to assert themselves in this market. A maturing model. billion in premium. billion in premium.

Insurance 126

Insurance Cybersecurity Cyber Insurance Government 126