Security Affairs

MAY 9, 2023

Researchers warn of a new ransomware family called CACTUS that exploits known vulnerabilities in VPN appliances to gain initial access to victims’ networks. The new ransomware operation has been active since March 2023, despite the threat actors use a double-extortion model, their data leak site has yet to be discovered.

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Ransomware VPN Antivirus Encryption 98

Joseph Steinberg

JANUARY 18, 2024

When it comes to cybersecurity the same is true – you need a cyber security if you want to competently address cyber risk. Today, cyber attacks can not only cause financial disasters, they can literally kill people. As time passes, cyber risks continue to grow, and the need for such external advisors does the same.

Cybersecurity 268

Cybersecurity Computers and Electronics Cyber Risk Risk 268

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? Ransomware attacks 2020: what do cybercrminals want? Hackers exfiltrated (removed) some data.

Cyber Insurance 98

Cyber Insurance Ransomware Insurance Technology 98

SecureWorld News

MARCH 20, 2024

Ransomware attacks have become a significant threat to organizations of all kinds worldwide, with attackers encrypting data and demanding payment for its release. In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network.

Cyber Insurance 112

Cyber Insurance Insurance Ransomware Risk 112

SecureWorld News

MAY 5, 2023

The City of Dallas, Texas, was forced to shut down police communications and IT systems on Monday morning, May 1, due to a suspected ransomware attack. Subsequently, the City has confirmed that a number of servers have been compromised with ransomware, impacting several functional areas, including the Dallas Police Department Website."

Ransomware 98

Ransomware Cyber Risk Cyber Insurance Social Engineering 98

Security Affairs

APRIL 11, 2021

Fitch Ratings published an alert last week to warn of the “material risk” to water and sewer utilities caused by cyber attacks that could also impact their ability to repay debt. Cyber risk is both a social risk in terms of safety and security, as well as a governance risk in terms of management effectiveness.

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Risk Cyber Risk Cyber Attacks Government 127

SecureWorld News

JANUARY 22, 2025

Instructor: Kip Boyle, vCISO, Cyber Risk Opportunities LLC Have you ever wondered how to use the NIST Cybersecurity Framework (CSF) and apply it to your organization? Cyber Risk Mapping (CR-MAP) Conduct a step-by-step CR-MAP of your organization to identify vulnerabilities, create remediation plans, and minimize cyber risks.

Cybersecurity 110

Cybersecurity Artificial Intelligence Cyber Risk Risk 110

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.

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Cyber Insurance Insurance Cyber Attacks Ransomware 129

The Security Ledger

AUGUST 7, 2024

The FBI will host an event exploring agricultural cyber risks in Omaha, Nebraska amid growing concerns of cyber attacks on US agriculture as farms embrace precision agriculture. The post At Nebraska Event, FBI Calls Out Cyber Threats To Agriculture appeared first on The Security Ledger with Paul F.

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Cyber threats CSO Cyber Attacks Cyber Risk 52

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.

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Cyber Insurance Insurance Marketing Ransomware 136

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 142

Cyber Risk Insurance Cyber Attacks Risk 142

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

The Last Watchdog

MARCH 29, 2022

Its rather mundane function is to record events in a log for a system administrator to review and act upon, later. I’m referring to Security Information and Event Management ( SIEM ) systems and to firewalls. Log4j, for instance, is a ubiquitous logging library. Many more Gordian-knot issues that need to be dealt with, to be sure.

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Firewall Internet Internet Digital transformation 223

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

The Last Watchdog

JANUARY 3, 2023

Even events like the World Cup are being used by cyber criminals to target unsuspecting victims through things like fake streaming sites designed to steal private information. Sometimes, they will even ask the victim to buy gift cards, which they then redeem.

Risk 203

Risk Cybersecurity Antivirus Phishing 203

CyberSecurity Insiders

FEBRUARY 3, 2023

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. 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.

Cyber Attacks 117

Cyber Attacks Artificial Intelligence Identity Theft Cyber Risk 117

SecureWorld News

FEBRUARY 6, 2024

New regulatory filings have exposed the skyrocketing costs of major cyber incidents, as big brands Clorox and Johnson Controls admitted collectively suffering more than $75 million in attack-related expenditures last year. Cleaning giant Clorox was struck by an unspecified cyber event discovered in August 2023.

Insurance 118

Insurance Cyber Insurance Cyber Risk Cyber threats 118

SecureWorld News

APRIL 17, 2023

Cons of cyber insurance Cost: Cyber insurance can be expensive, particularly for organizations that are considered high-risk. The cost of the policy may outweigh the potential financial benefit in the event of a cyber incident. Can companies live without cyber insurance? Is it required?

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Cyber Insurance Insurance Risk CISO 116

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.

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Cyber Insurance Insurance Marketing Cyber Attacks 131

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. Class action lawsuits against Scripps Health.

Ransomware 63

Ransomware Data breaches Healthcare Identity Theft 63

Security Boulevard

OCTOBER 27, 2022

Key Infrastructure and Critical Vulnerabilities: Attack Against Tata Power Highlights Cyber Risk to India’s Growing and Increasingly Connected Population. 1) In late October, Hive ransomware claimed the attack and began leaking data stolen from Tata Power on its website. (16) 12 , 13 , 15 ).

Cyber Risk 52

Cyber Risk Risk Cryptocurrency Backups 52

The Security Ledger

OCTOBER 18, 2021

The post Episode 228: CISA’s Eric Goldstein on being Everyone’s Friend in Cyber. Related Stories Spotlight: When Ransomware Comes Calling Episode 227: What’s Fueling Cyber Attacks on Agriculture ? Read the whole entry. » » Click the icon below to listen. CISA: A Different Kind of Agency. Eric Goldstein (CISA).

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Government Cyber Risk Cybersecurity Ransomware 98

Centraleyes

MARCH 20, 2025

Lets explore some notable use cases: Incident Response: A multinational company faced a ransomware attack that encrypted a portion of its servers. Dashboards and risk matrices provide security teams with a clear understanding of vulnerabilities, their potential impacts, and the progress of mitigation efforts.

Cyber Attacks 52

Cyber Attacks Risk Cybersecurity Ransomware 52

The Security Ledger

OCTOBER 23, 2018

In part II, we invite Chip Block of the firm Evolver back into the studio to talk about the challenge that “converged” cyber physical systems pose to insurance carriers as they try to wrap their arms around their exposure to cyber risk. Part I: not ransom…ransomware! Part II: Cyber physical risk is real.

Insurance 40

Insurance Cyber Risk Risk Cyber Insurance 40

The Last Watchdog

AUGUST 2, 2021

Swimlane, which launched in 2014 and is based in Denver, finds itself in the vanguard of cybersecurity vendors hustling to retool not just SOAR, but also security operations centers ( SOCs ,) security information and event management ( SIEM ) systems, and endpoint detection and response ( EDR ) tools.

Digital transformation 203

Digital transformation Phishing Cyber Risk Ransomware 203

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. Class action lawsuits against Scripps Health.

Ransomware 59

Ransomware Data breaches Healthcare Identity Theft 59

CyberSecurity Insiders

DECEMBER 11, 2021

As a result, a new generation of insurance startups has arisen over the past five years to rethink how cyber risk is underwritten, infusing security expertise into the insurance product. We are excited to work with Cloudflare to address our customers’ cybersecurity needs and help reduce their cyber risk. in the U.S.

Cyber Insurance 52

Cyber Insurance Insurance Cyber Risk Risk 52

Digital Shadows

OCTOBER 23, 2024

This English-speaking collective previously served as an affiliate for ransomware group “ALPHV” and now partners with “RansomHub.” We attributed the incident with high confidence to “Scattered Spider,” an English-speaking collective acting as an affiliate for the ransomware group “RansomHub.”

Social Engineering 122

Social Engineering Engineering Accountability Backups 122

SecureWorld News

OCTOBER 22, 2021

And now CISOs and security teams are getting some surprise mainstream exposure from comedians as they turn cyber headlines into security punchlines. It is helping raise greater security and cyber risk awareness within organizations, with everyone from end-users to board members. Cartoon: the ransomware of things.

Cybersecurity 98

Cybersecurity Passwords Cybercrime Hacking 98

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. Cyber Crime Targets Who are the actors? Spending on Cyber Security Why is the cybersecurity market expanding so rapidly?

Cybersecurity 73

Cybersecurity Cyber Risk Marketing Risk 73

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.

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Cybersecurity Risk Cyber Risk Data breaches 91

Security Boulevard

AUGUST 22, 2022

Even with ransomware costing billions of dollars in losses and cyber insurance claims, organizations are still impacted beyond the checkbook. Highly experienced cybersecurity experts, experienced personnel with a cyber risk management background, and professional engineers who understand physical infrastructure are in huge demand.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance Risk 98

SecureWorld News

APRIL 25, 2024

The hackers are believed to have deployed ransomware and are demanding a seven-figure payment to decrypt data and restore systems. This is precisely what pre-Cyber Age military theorists like Clausewitz and Sun Tzu envisioned when they wrote about defeating an enemy without using kinetic force."

Cyber Attacks 92

Cyber Attacks Energy and Utilities Cyber Risk Risk 92

SC Magazine

MAY 28, 2021

Some saw this as a typical ransomware attack, albeit on a vulnerable target. And while it turned out the ransomware did not leak from the IT systems to the industrial control systems and create a dangerous situation, the pipeline still needed its IT systems functional in order to manage an extremely complex logistical framework.

Insurance 117

Insurance Ransomware Government Risk 117

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

Security Affairs

APRIL 22, 2022

This shift to digital technology has created a new class of digital risks that are constantly evolving and strike faster and often with more severity than traditional risks. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance.

Cyber Insurance 100

Cyber Insurance Insurance Risk Technology 100

SecureWorld News

AUGUST 14, 2023

Shortly after it was originally published in 2014, I started using the CSF with our customers to help them find and mitigate their top five cyber risks. And, at my company, Cyber Risk Opportunities, we have used CSF v1 and v1.1 This is exactly how our Cyber Risk Management Action Plan (CR-MAP) works.

Cyber Risk 95

Cyber Risk Risk Cybersecurity Government 95