The Last Watchdog

MAY 10, 2021

It turns out there is a ton of third-party risk profiles sitting around not being put to any kind of high use. Back in the mid-1990s, big banks and insurance companies came up with something called “bespoke assessments” as the approach for assessing third party vendor risk. Crowdsourcing risk profiles.

Risk 195

Risk Cyber Risk Insurance Banking 195

Security Affairs

DECEMBER 28, 2022

The chief executive of insurance giant Zurich warns that cyber attacks, rather than natural catastrophes, will become uninsurable. Mario Greco, chief executive of insurer giant Zurich, has warned that cyber attacks will become soon “uninsurable.”. SecurityAffairs – hacking, Zurich). Pierluigi Paganini.

Cyber Attacks 98

Cyber Attacks Cyber Insurance Insurance Cyber Risk 98

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

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

Security Affairs

NOVEMBER 29, 2020

The Group’s insurance coverage for cyber risks totals €30 million.” SecurityAffairs – hacking, Ryuk ransomware). ” the company added. The IT services provider said that sales activity for the fourth quarter should not be significantly affected by this event. Pierluigi Paganini.

Ransomware 135

Ransomware Insurance Cyber Risk Media 135

Security Boulevard

NOVEMBER 10, 2022

Flagstar Bank, the seventh largest bank mortgage lender in the US, announced in June, 2022, that it had been hacked in December, 2021, and personal data on 1.5 Earlier in 2021, Flagstar was among the many companies breached through the hack of the Accellion file transfer appliance. RiskLens is the leader in cyber risk quantification .

Cyber Risk 52

Cyber Risk Risk Banking Financial Services 52

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. What kind of cyber risks are lurking in the organizations you are acquiring or merging with? What it did not know at the time?

Data breaches 98

Data breaches Insurance Cyber Risk Risk 98

CyberSecurity Insiders

DECEMBER 18, 2022

Cyber attribution and deciphering the extent of state-level tasking is difficult, with blurred lines between state-aligned, state-involved and state-directed increasing the risk of escalation, collateral and misattribution.

Cybersecurity 125

Cybersecurity CISO Insurance Ransomware 125

SC Magazine

MAY 28, 2021

That distinction is important for identifying risk. While the Oldsmar, Florida hack, for example, shined a light on risks associated with remote access to industrial control systems, Colonial Pipeline exposed IT system vulnerabilities that could exist in any sector.

Insurance 117

Insurance Ransomware Government Risk 117

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. These attacks have driven the cost of cyber insurance premiums higher. Cyber insurance has become more critical to organizations to help offset the risk to the company.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance Risk 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. This is, in essence, how Uber got hacked last year. Governance and attestation quickly became a very big deal.

Government 169

Government Authentication Technology Data breaches 169

Security Boulevard

MAY 17, 2023

Despite investing significant resources in cybersecurity, companies are still being hacked. DEMETRIUS MALBROUGH: Yeah, it seems like everyone is focusing and really getting laser focused and honed in on security and dealing with cyber risks and cybersecurity overall. So how risk is assessed changed. So it's growing.

Hacking 52

Hacking Insurance Small Business Cybersecurity 52

Pen Test Partners

NOVEMBER 4, 2024

Maritime cyber insurance has been playing catch-up with maritime cyber security for a while now. As a result maritime cyber regulation is on the catch up. As a result maritime cyber regulation is on the catch up. 2 covered guidance for cyber at sea, but it didn’t have the desired effect. Lawyers assemble!

Insurance 64

Insurance Technology Cyber Insurance Cyber Risk 64

SiteLock

AUGUST 27, 2021

That leads us to the next costly cyber risk to your business – unplanned downtime. How much money would your business lose if hacking, corrupted files, defacement, ransomware or a DDoS attack shuts down your website? Unplanned downtime cuts off business revenue.

Data breaches 98

Data breaches DDOS Ransomware Marketing 98

Responsible Cyber

APRIL 8, 2020

Hence, since ransomware locks down files permanently (unless businesses want to cough up the ransom) backups are a crucial safeguard to recover from the hack. Without any kind of drive to ensure employees possess an elementary level of cyber security knowledge, any measure or policy implemented will be undermined. DDoS Attacks.

Cybersecurity 98

Cybersecurity DDOS Small Business Phishing 98

eSecurity Planet

AUGUST 27, 2021

BitSight is a Leader in the Forrester Wave report for Cybersecurity Risk Rating Platforms in 2021. Black Kite Cyber Risk Rating System. Vendors get assigned a CSTAR score wherein the client organization can identify risk level and act appropriately. On Gartner Peer Insights, UpGuard holds an average score of 4.5/5

Risk 131

Risk Marketing Software Cybersecurity 131

Security Boulevard

MAY 30, 2022

Applications like personal healthcare, biosensors, smart beds, smart pills, the health insurance industry, robotics, and other specializations are only expanding the scope of IoMT. Weak PKI Implementation is a Major Cyber Risk. To learn more, contact one of our experts. Related Posts. Guest Blogger: Anastasios Arampatzis.

Healthcare 90

Healthcare IoT Manufacturing Risk 90

The Security Ledger

DECEMBER 19, 2018

is poised to transform the global economy, Hanna said, but not if the issue of cyber risk can't be managed. In this spotlight edition* of The Security Ledger Podcast, Steve Hanna of Infineon joins us to talk about the growing risk of cyber attacks on industrial systems and critical infrastructure. "Industry 4.0"

Internet 40

Internet Internet IoT Cyber Risk 40

CyberSecurity Insiders

APRIL 17, 2023

Before signing a company-wide phone contract, for example, look for business phone services that come with features such as enhanced cyber protection and cyberattack insurance. Instruct the in-house IT team to conduct regular cybersecurity tests by launching false phishing campaigns and attempting to simulate other hacking strategies.

Network Security 91

Network Security Workplace Security Firewall Phishing 91

Centraleyes

NOVEMBER 7, 2024

Organizations increasingly turn to automated, integrated, and AI-powered solutions to enhance their cyber risk management capabilities. These technologies offer a more comprehensive view of an organization’s risk posture, allowing for faster, more informed decision-making.

CISO 52

CISO Risk Cyber Risk Technology 52

Spinone

DECEMBER 26, 2018

It is vital for any enterprise landscape to ensure viable, open, and reliable corporate communications – fostering innovation and economic prosperity, with respect to safeguarding against disruption and serious cyber risk perception. What are the benefits of cyber security awareness trainings?

Security Awareness 40

Security Awareness Risk Cyber threats Cyber Risk 40

Security Boulevard

DECEMBER 6, 2024

The joint document doesnt name the hacking group. Thats according to Corvus Insurances Q3 2024 Cyber Threat Report , which said many of the ransomware attacks in Q3 leveraged outdated VPN software and poorly protected VPN gateways. telecoms, including Verizon and AT&T. What Can You Do About It?

Cybersecurity 64

Cybersecurity VPN Ransomware Software 64

SecureWorld News

AUGUST 5, 2021

The risk of a security breach or disruption, particularly through cyberattacks or cyber intrusion, including by computer hacks, foreign governments, and cyber terrorists, has generally increased in number, intensity and sophistication of attempted attacks, and intrusions around the world have increased.…

CISO 98

CISO Passwords Software Government 98

SecureWorld News

DECEMBER 27, 2024

While cybersecurity has its bad side (breaches, hacks, AI); it also has a good side (good practitioners and vendors fighting the good fight, AI). In response, organizations will implement stronger protections, including indemnification clauses and enhanced Director & Officer (D&O) insurance, to shield CISOs from undue personal risk.

Cybersecurity 123

Cybersecurity Education Risk CISO 123

Jane Frankland

DECEMBER 7, 2023

Additionally, expect to see more disclosures to regulators from hacking groups, like the one by ALPHV/BlackCat to the SEC in November 2023. Cyber Insurance In 2024, the cyber insurance landscape is expected to undergo significant changes. Data poisoning will gain popularity in 2024.

Cybersecurity 130

Cybersecurity Cyber threats Insurance Artificial Intelligence 130

SecureWorld News

MARCH 5, 2025

The impact will be felt well beyond the involved countries of Canada, USA, Mexico, and China," said Kenrick Bagnall , Founder, KONCYBER & RB-Cyber Assurance; Royal Candian Mounted Police (RCMP) Contractor/Instructor; Toronto Police Service (Cybercrime Unit) (Ret.). " These tariffs will create real cyber risks.

Cyber Risk 122

Cyber Risk Risk Small Business Cyber Insurance 122

Jane Frankland

JANUARY 12, 2025

In this blog, I’m exploring these changes, grouped under key categories that I’ve used in previous years, to help business leaders and cyber risk owners better prepare for the evolving landscape. Cyber Insurance Cyber insurance will become an essential component of risk management strategies.

Cybersecurity 130

Cybersecurity CISO Insurance IoT 130

Adam Levin

MARCH 26, 2020

Cyber insurance is still evolving, and as such you can still get good deals even if your cybersecurity is not completely up to snuff. At some point that will be a question that cyber insurers will think about 24/7, solutions evolving alongside challenges and underwriting calculations following close behind.

Cyber Insurance 211

Cyber Insurance Insurance Hacking Passwords 211

Krebs on Security

MARCH 4, 2022

On an average day, Conti had access to tens of thousands of hacked PCs, and these services helped the gang focus solely on infected systems thought to be situated within large corporate networks. For now, take a look at the documents and see if there is insurance and bank statements.” Let me know what you can do.

Ransomware 240

Ransomware Insurance Cyber Insurance Accountability 240

Adam Levin

MARCH 2, 2020

Your Cliffs Notes version: Put yourself in a position where you can’t be affected by such a hack. If your company already has cyber insurance coverage, consider increasing it. But there have been informative examples of companies that mitigated the damage from a ransomware attack. Don’t be the next Heritage Company.

Cyber threats 215

Cyber threats Ransomware Encryption Insurance 215