Jane Frankland

OCTOBER 25, 2024

A scenario where you could face any looming cyber crisis knowing that you’d emerge unscathed. As ITDMs, CISOs and cyber risk owners this is our dream scenario, and he got me thinking. This is a common misconception that has caught many ITDMs, CISOs and cyber risk owners out.

Cyber Risk 130

Cyber Risk CISO Cyber threats Risk 130

SecureWorld News

JUNE 4, 2024

As high-profile data breaches and leaks continue making headlines, a new report from Massachusetts Institute of Technology (MIT) examines the triple-whammy of factors enabling this tidal wave of personal data theft. These escalations have made ransomware an even more potent data breach threat.

Data breaches 107

Data breaches Social Engineering Ransomware Backups 107

SecureWorld News

JULY 28, 2023

They need to understand the economic drivers and impact of cyber risk, and they need to ensure that cyber risk management is aligned with business objectives. These principles are backed by research and best practices, and they can help organizations navigate the treacherous cyber landscape while driving strategic goals.

Cyber Risk 95

Cyber Risk Government Risk Cybersecurity 95

SC Magazine

APRIL 19, 2021

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 claims from cyber/ransomware events have consumed up to 40% of the claims of some insurers’ cyber books.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

Security Boulevard

JUNE 26, 2023

As we do every year, we’re reading the Verizon Data Breach Investigations Report for 2023 with respect for the service they provide to the cybersecurity and cyber risk community with this massive effort in data gathering and interpretation, and admiration for the clarity (and humor!) of their presentation.

Ransomware 105

Ransomware Cyber Risk Data breaches Risk 105

IT Security Guru

JUNE 17, 2024

Reports suggest annual revenues from ransomware attacks are already in the tens of billions, while some predict ransomware damage costs will exceed $265 billion by 2031. Reports suggest annual revenues from ransomware attacks are already in the tens of billions, while some predict ransomware damage costs will exceed $265 billion by 2031.

Ransomware 138

Ransomware Insurance Risk Backups 138

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

SC Magazine

APRIL 23, 2021

Brazen ransomware groups are continuing to seek out new avenues to rake in profits and ratchet up pressure on victims. If any unscrupulous traders were to take DarkSide up on its offer, the ransomware gang could potentially charge them a handsome sum for this inside information. bfishadow on Flickr, CC BY 2.0

Ransomware 136

Ransomware Marketing Cyber Risk Media 136

The Last Watchdog

MAY 12, 2021

A new report from Sophos dissects how hackers spent two weeks roaming far-and-wide through the modern network of a large enterprise getting into a prime position to carry out what could’ve been a devasting ransomware attack. They used very nation state-like tactics, from a ransomware perspective,” Schiappa told me.

Ransomware 153

Ransomware Hacking Firewall Digital transformation 153

CSO Magazine

JUNE 5, 2023

AI-based cyber risk management SaaS vendor SAFE Security has announced the release Cyber Risk Cloud of Cloud – a new offering it claims uses generative AI to help businesses predict and prevent cyber breaches.

Data breaches 84

Data breaches Cyber Risk Risk Technology 84

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 120

Cyber Insurance Insurance Cyber Risk Data breaches 120

Security Affairs

NOVEMBER 14, 2022

As the risk of a cyberattack grows, it is pivotal to consider whether the directors of a company hit by a ransomware attack, for example, can bear any liability for negligence in failing to take steps to limit the risk. The size of the cyber risk to companies cannot be underestimated.

Cyber Risk 141

Cyber Risk Insurance Cyber Attacks Risk 141

CyberSecurity Insiders

SEPTEMBER 16, 2022

According to State of Cloud Security Report compiled by Snyk, over 80% of organizations have suffered cloud security in the past one year and an equal proportion of them have suffered a data breach, but aren’t aware of it due to lack of coordination between teams & policy frameworks, enforcement challenges and budget allotment on time.

Accountability 137

Accountability Cyber Attacks Cyber Risk Data breaches 137

Security Boulevard

JULY 12, 2022

In early July, 2022, hotel giant Marriott reported a relatively small data breach at its BWI Airport Marriott hotel, in an attempted ransomware attack affecting 300-400 clients or employees. The breach was the third reported by the hotel chain in recent years. Latest news.

Cyber Risk 52

Cyber Risk Risk Data breaches Ransomware 52

SecureWorld News

AUGUST 18, 2020

The Carnival Corporation, which has canceled cruises for months now as a result of COVID-19, says one of its cruise brands was hit with a ransomware cyberattack. What do we know about the Carnival Cruises ransomware attack? Securities and Exchange Commission, notifying the SEC of the data breach. Remediation is underway.

Cyber Insurance 98

Cyber Insurance Ransomware Insurance Technology 98

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

CSO Magazine

NOVEMBER 30, 2022

Ransomware and data breaches pose a massive risk to organizations, resulting in loss of customer trust and shareholder value, reputation damage, hefty fines, and penalties. Cyber risk is a top concern in US corporate boardrooms, elevating the role of the chief information security officer to rapid prominence.

CISO 88

CISO Cyber Risk Data breaches Information Security 88

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. In addition, the U.S.

Cyber Insurance 130

Cyber Insurance Insurance Cyber Attacks Ransomware 130

Security Affairs

JUNE 11, 2023

Experts found new MOVEit Transfer SQL Injection flaws The University of Manchester suffered a cyber attack and suspects a data breach Russians charged with hacking Mt.

Social Engineering 98

Social Engineering Data breaches Ransomware Cybercrime 98

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. Sadly, ransomware sheds a bad light on encryption.

Data breaches 58

Data breaches Encryption Backups Accountability 58

CyberSecurity Insiders

MARCH 23, 2022

In fact, the global volume of ransomware attacks increased by 151% in just the first six months of 2021, with the average cost of a breach recorded at US $3.6 In a recent attack on Nvidia, threat actors demanded product updates and open sourcing – a stark contrast from traditional monetary demands by ransomware groups.

Cyber Risk 119

Cyber Risk Risk Ransomware Technology 119

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 115

Cyber Insurance Insurance Risk CISO 115

The Last Watchdog

MAY 2, 2019

Small and midsize businesses — so-called SMBs — face an acute risk of sustaining a crippling cyberattack. This appears to be even more true today than it was when I began writing about business cyber risks at USA TODAY more than a decade ago. So far in 2019, we’re seeing another shift back to ransomware, Gill told me.

Risk 182

Risk Cyber Risk Cyber threats Banking 182

CyberSecurity Insiders

FEBRUARY 3, 2023

The company is, however, not interested in bowing down to the demands of hackers and is interested in recovering their data from backups, as they already have a proactive data continuity plan in place. NOTE 1- The Guardian’s UK branch was the first to get targeted in the attack on December 20th,2022 and it was of ransomware variant.

Cyber Attacks 117

Cyber Attacks Artificial Intelligence Identity Theft Cyber Risk 117

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

MARCH 15, 2021

Tenable’s Security Response Team says that in the past 2 months over 56 breaches were disclosed by the end of Feb’2021. As per the researchers, most of the healthcare related data breaches happened because of ransomware that accounted for over 54.95 percent ransomware breaches, Maze followed the path with over 6.17

Cybersecurity 80

Cybersecurity Healthcare Data breaches Cyber Attacks 80

SecureWorld News

JUNE 30, 2021

It is not very often that a ransomware attack can actually cause physical harm to a person. Now, we are seeing it again with a ransomware attack that targeted Scripps Health. Scripps Health patients affected by ransomware. Scripps Health patients affected by ransomware. And there was more Rubenstein had to deal with.

Ransomware 58

Ransomware Data breaches Healthcare Identity Theft 58

SecureWorld News

JUNE 30, 2021

It is not very often that a ransomware attack can actually cause physical harm to a person. Now, we are seeing it again with a ransomware attack that targeted Scripps Health. Scripps Health patients affected by ransomware. Scripps Health patients affected by ransomware. And there was more Rubenstein had to deal with.

Ransomware 58

Ransomware Data breaches Healthcare Identity Theft 58

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. The site is down, and the criminals want money to unencrypt the data.

Data breaches 98

Data breaches DDOS Ransomware Marketing 98

SecureWorld News

JULY 3, 2023

As we rely increasingly on digital technologies for our work, communication, entertainment, and education, we also expose ourselves to more and more cyber risks. But how much do we know about the cyber threats we face daily? The global average data breach cost is $4.24 How prepared are we to deal with them?

Cybercrime 98

Cybercrime Social Engineering Data breaches Education 98

CyberSecurity Insiders

DECEMBER 6, 2021

Like years past, 2021 revealed more of the same for the cybersecurity industry—more breaches, bigger ransomware attacks, higher stakes. When cybersecurity is a key business objective, organizations build customer trust, strengthen brand reputation and save money in the long run, as the average cost of a data breach in 2021 rose to $4.24

Cybersecurity 105

Cybersecurity Ransomware Security Awareness Technology 105

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

SecureWorld News

SEPTEMBER 16, 2024

The Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA) is a significant piece of legislation passed in 2022, designed to tackle cyber incidents affecting critical infrastructure. government coordinate responses to major cyber incidents that affect essential services. CIRCIA was created to help the U.S.

Ransomware 96

Ransomware Cyber Risk Government Financial Services 96

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

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.

Cyber Insurance 121

Cyber Insurance Insurance Marketing Small Business 121

Spinone

APRIL 13, 2020

In this cyber security guide , we’ll help you to learn more about risks and cyber security best practices for remote work. Cyber Risks of Remote Work For many organizations, the global coronavirus epidemic played a significant role in their decision to let employees work out of office.

Backups 98

Backups Phishing Ransomware Risk 98

Security Boulevard

JUNE 13, 2023

Flashpoint’s monthly look at the cyber risk ecosystem affecting organizations around the world, including intelligence, news, data, and analysis about ransomware, vulnerabilities, data breaches, and insider threats. The post Cyber Threat Intelligence Index: May 2023 appeared first on Flashpoint.

Cyber threats 45

Cyber threats Data breaches Cyber Risk Ransomware 45