Joseph Steinberg

JULY 8, 2021

And even relatively rich organizations may fail altogether if they suffer the reputational harm that follows multiple serious cyber-incidents. Not only are they not protected against their own losses, but many have zero liability protection in the event that they somehow become a hacker’s catalyst for inflicting cyber-damage on others.

Insurance 364

Insurance Cyber Insurance Cybersecurity Small Business 364

SecureWorld News

JANUARY 16, 2025

A report from 2023 revealed that 67% of energy and utility companies faced ransomware attacks, with many incidents exploiting unpatched vulnerabilities. Develop backup and recovery plans: Data recovery plans are essential to mitigate the impact of cyber incidents.

Energy and Utilities 108

Energy and Utilities IoT Artificial Intelligence Backups 108

SecureWorld News

NOVEMBER 3, 2023

For example, a policy may have a sub-limit on ransomware payments, or it may exclude coverage for certain types of cyberattacks. Third, cyber risks are constantly evolving, and insurance companies may not be able to keep up. This means that there may be some cyber risks that are not covered by your policy.

Insurance 104

Insurance Cyber Risk Risk Cyber Insurance 104

SecureWorld News

OCTOBER 20, 2021

However, we were most interested in seeing how Accenture articulated a particular business risk: the risk from a cyberattack. Especially because Accenture was hit with ransomware this year. On page 34 of the report, Accenture dives into the risk that cyber poses to the business.

Cyber Risk 98

Cyber Risk Risk Insurance Cyber Insurance 98

The Last Watchdog

JANUARY 31, 2019

A report co-sponsored by Lloyd’s of London paints a chilling scenario for how a worldwide cyberattack could trigger economic losses of some $200 billion for companies and government agencies ill-equipped to deflect a very plausible ransomware attack designed to sweep across the globe. cyber foes exploit government shutdown.

Ransomware 145

Ransomware Government Technology Cyber Risk 145

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. However, that landscape has faded fast – threatening the very availability of cyber insurance for ransomware.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

SC Magazine

FEBRUARY 25, 2021

Some good news, for once: Health care and government organizations started 2021 with ransomware incidents at their lowest point in more than a year. Recorded Future reports that there were just two ransomware attacks on healthcare organizations in January, a fourfold decrease from the monthly average in 2020.

Ransomware 121

Ransomware Healthcare Government Education 121

SecureWorld News

JANUARY 12, 2025

A 2022 PwC study found that 59% of directors admitted their board is not very effective in understanding the drivers and impacts of cyber risks for their organization, emphasizing the critical role of board members in these moments. Reporting Requirements: Ransomware Incidents: Must be reported within 24 hours of detection.

Cybersecurity 108

Cybersecurity Data breaches Ransomware Government 108

CyberSecurity Insiders

AUGUST 17, 2022

For some time, many local government officials did not recognize the risk of behaviors in which they were engaged. Local governments need security because of the high level of stored sensitive information and number of systems they use to share data with state and federal government programs. 1 and June 4.

Government 109

Government Cyber Attacks Backups Risk 109

BH Consulting

JANUARY 30, 2025

Cyber risk remains top of mind for business leaders A regular January fixture, the World Economic Forums Global Risk Report 2025 features two technology-related threats among the top five risks for the year ahead and beyond. The report ranks risks by severity over two-year and 10-year timeframes.

Cyber Risk 69

Cyber Risk Computers and Electronics Risk CISO 69

Security Boulevard

JANUARY 24, 2025

Plus, the EUs DORA cyber rules for banks go into effect. And get the latest on ransomware trends; CIS Benchmarks; and data privacy. Pay attention to information governance, such as what data will be exposed to AI systems and how it will be protected. Do we have a process to govern and track AI deployments?

Banking 69

Banking Cybersecurity Artificial Intelligence Ransomware 69

Security Boulevard

MARCH 7, 2025

Check out best practices for shoring up data security and reducing cyber risk. And get the latest on cyber scams; zero-day vulnerabilities; and critical infrastructure security. 1 - CSA: How to boost data security and reduce cyber risk Risk assessment gaps. Siloed cyber tools. Misaligned priorities.

Cybersecurity 64

Cybersecurity Scams CSO Risk 64

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. In none of the aforementioned three cases would any rational person try to “wing it” alone.

Cybersecurity 268

Cybersecurity Computers and Electronics Cyber Risk Risk 268

The Security Ledger

MAY 25, 2022

about his firm’s discovery of a string of critical security flaws in an autonomous medical robot, TUG, that is already deployed in hundreds of clinical settings and the growing issue of medical device insecurity and cyber risks to healthcare. Robots Driving Cyber Risk. Read the whole entry. »

Cyber Risk 75

Cyber Risk Healthcare Risk Cyber Attacks 75

Security Boulevard

OCTOBER 25, 2021

The post Can you Become Ransomware-Proof? Wouldn’t it be great if you had enough confidence in your information security program that if a criminal gang attacked you, you would be able to defend yourself, keep your business going and notify the appropriate legal authorities and any vendor partners that might be impacted?

Ransomware 131

Ransomware Information Security Cyber Risk CISO 131

CyberSecurity Insiders

MAY 17, 2023

As a result, cybersecurity has become a top priority for organisations of all sizes, and the C-suite, including CEOs, CFOs, CIOs, and CISOs, plays a critical role in managing and mitigating cyber risk. Email remains the primary communication tool for businesses, but it also poses significant security risks.

Cyber Risk 59

Cyber Risk Risk Education Technology 59

SC Magazine

MAY 19, 2021

Today’s special columnist, Scott Register of Keysight Technologies, says government and industry must come together to secure the nation’s critical infrastructure in the wake of the Colonial Pipeline hack. The ransomware reality check for insurers. Credit: Colonial Pipeline. NotPetya changed that.

Cyber Insurance 102

Cyber Insurance Insurance Marketing Ransomware 102

Security Affairs

APRIL 11, 2021

“Event risks like cyberattacks are considered asymmetric risks per Fitch’s criteria, and are viewed through the lens of the response of management and sufficiency of governance systems and protocols to deflect or absorb the risk.” SecurityAffairs – hacking, cyber risk). Pierluigi Paganini.

Risk 127

Risk Cyber Risk Cyber Attacks Government 127

CyberSecurity Insiders

DECEMBER 29, 2021

However, they could not weed out the objective of Aquatic Panda in finding ways to gain access to intellectual property related to telecom, government and few technology companies. So, it is urging all businesses to take appropriate measures to mitigate all cyber risks associated with Log4j2 issues.

Cyber Risk 134

Cyber Risk Education Government Ransomware 134

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

Malwarebytes

APRIL 3, 2023

CISA (Cybersecurity and Infrastructure Security Agency) has published the first results of its pre-ransomware notifications that were introduced at the start of 2023. In order to develop the pre-ransomware notifications, CISA established the Joint Cyber Defense Collaborative (JCDC) to "unify cyber defenders from organizations worldwide".

Ransomware 97

Ransomware Backups Encryption Cyber Risk 97

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 Security Ledger

OCTOBER 18, 2021

Eric Goldstein, Executive Assistant Director for Cybersecurity for the Cybersecurity and Infrastructure Security Agency (CISA), says the agency is all about helping companies and local government to keep hackers at bay. The post Episode 228: CISA’s Eric Goldstein on being Everyone’s Friend in Cyber. Read the whole entry. »

Government 98

Government Cyber Risk Cybersecurity Ransomware 98

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

The Security Ledger

FEBRUARY 13, 2022

In this episode of the podcast (#235) Justine Bone, the CEO of Medsec, joins Paul to talk about cyber threats to healthcare organizations in the age of COVID. Justine’s firm works with hospitals and healthcare organizations to understand their cyber risk and defend against attacks, including ransomware.

Healthcare 98

Healthcare Cyber Risk Cyber threats Ransomware 98

SecureWorld News

JANUARY 22, 2025

Lesson 4: AI Risk Management Playbook Learn to implement the NIST AI Risk Management Framework, governing AI risks with actionable methods for mapping, measuring, and managing AI-driven security challenges. Implementing the NIST Cybersecurity Framework, Including 2.0

Cybersecurity 109

Cybersecurity Artificial Intelligence Cyber Risk Risk 109

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

SecureWorld News

MARCH 28, 2024

Department of Homeland Security (DHS) is set to implement long-awaited rules that will require critical infrastructure entities across multiple sectors to report cyber incidents and ransomware payments to the federal government.

Cyber Insurance 112

Cyber Insurance Government Insurance Cyber Risk 112

The Security Ledger

JUNE 20, 2022

The post Episode 239: Power shifts from Russia to China in the Cyber Underground appeared first on The. Related Stories Feel Good Ukraine Tractor Story Highlights Ag Cyber Risk Episode 238: Robots Are The Next Frontier In Healthcare Cyber Risk Episode 236: Cyberwar Takes A Back Seat In Ukraine (For Now).

Cyber Risk 98

Cyber Risk Government Healthcare Hacking 98

SC Magazine

MAY 28, 2021

The shutdown of operations of Colonial Pipeline captured the attention of the security community, government and consumers that suddenly couldn’t fill their gas tanks. Some saw this as a typical ransomware attack, albeit on a vulnerable target. That then begs the question of government’s role. Colonial Pipeline).

Insurance 117

Insurance Ransomware Government Risk 117

The Last Watchdog

JUNE 23, 2021

The challenge of embracing digital transformation while also quelling the accompanying cyber risks has never been greater for small- and mid-sized businesses. Somehow SMBs must keep pace competitively, while also tamping down the rising risk of suffering a catastrophic network breach. Remote desktop risks.

Accountability 201

Accountability Passwords Hacking Cyber Risk 201

CSO Magazine

SEPTEMBER 19, 2022

The need for global collaboration to cope with various pressing threats, from electronic espionage to ransomware attacks on critical infrastructure, is imperative to prevent economic and social disasters, top cybersecurity professionals and government officials say.

Cybercrime 81

Cybercrime Cyber Risk Government Cyber threats 81

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 102

Ransomware Cyber Risk Government Financial Services 102

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

Centraleyes

DECEMBER 11, 2024

Governments and regulatory authorities may also mandate compliance with IATA standards to align with broader cybersecurity strategies. Regional aviation authorities may also incorporate elements of the IATA Cyber Security Regulations into mandatory compliance schemes. Background and Relevance Who Requires It?

Risk 52

Risk Cybersecurity Penetration Testing Digital transformation 52

The Last Watchdog

JANUARY 3, 2023

And it’s important to remember that no legitimate merchant, bank, or government agency will ever ask you for password or credit card information by text message or email, so don’t be fooled by a message that pretends to be from a store, your bank or from the IRS.

Risk 203

Risk Cybersecurity Antivirus Phishing 203

The Security Ledger

AUGUST 17, 2021

The post Connecting The Dots: The Kremlin’s Links to Cyber Crime appeared first on The Security Ledger with Paul F. Related Stories Episode 217: What Fighting Pirates Teaches Us About Ransomware Episode 218: Denial of Sustenance Attacks -The Cyber Risk To Agriculture Episode 222: US Rep.

Cyber Risk 93

Cyber Risk Cybercrime Ransomware Risk 93