SC Magazine

MAY 19, 2021

The development of cybersecurity insurance has played an important role in determining how companies prepare for and respond to ransomware attacks and the resulting fallout. The ransomware reality check for insurers. Prior to 2017, most insurers covered ransomware under traditional property and casualty policies.

Cyber Insurance 102

Cyber Insurance Insurance Marketing Ransomware 102

SecureWorld News

APRIL 12, 2021

This is because in past instances, a single statement from previous Federal Reserve Chairs have sent the markets racing up or down. Federal Reserve Chairman Statement on Cyber Risk. And now we have the chair of the United States Federal Reserve adding to that chorus.

Cyber Risk 107

Cyber Risk Risk CISO Cyber Attacks 107

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

SC Magazine

MAY 24, 2021

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

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Cyber Insurance Insurance Marketing Cyber Risk 94

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.

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Ransomware Government Technology Cyber Risk 145

Duo's Security Blog

JUNE 9, 2022

So, on a recent webinar , I sat down with Darren Thomson, Head of Cyber Intelligence Services at CyberCube , a firm that provides data-driven cyber risk analytics for the insurance industry. So, what is the chief contributor to this hard market from a cybersecurity and threat landscape perspective?

Insurance 97

Insurance Marketing CISO Cyber Insurance 97

The Last Watchdog

NOVEMBER 28, 2023

According to the Gartner Digital Markets 2023 Global Software Buying Trends report, “42% of buyers say security is the most important factor when planning investment in new software.” Media contract: For press inquiries, please contact marketing@appdirect.com.

Cyber Risk 113

Cyber Risk Risk B2B Education 113

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.

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Cyber Insurance Insurance Ransomware Risk 112

SecureWorld News

JULY 2, 2024

Global cyber insurance premiums are declining despite an uptick in ransomware attacks, according to a recent report by insurance broker Howden. This trend reflects improved business security practices, evolving insurance industry dynamics, and changing attitudes toward cyber risk management.

Cyber Insurance 112

Cyber Insurance Insurance Cyber Risk Marketing 112

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.

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Cybersecurity Scams CSO Risk 64

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 132

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

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.

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Insurance Cyber Insurance Artificial Intelligence Ransomware 258

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.

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Cyber Insurance Insurance Cyber Risk Data breaches 121

SecureWorld News

APRIL 17, 2023

By the way, Sean Scranton will be presenting on "Covering Your Cyber Assets" at the SecureWorld Philadelphia conference on April 19-20. Can companies live without cyber insurance? that may be included as part of the cyber insurance coverage terms. Theresa Le, Chief Claims Officer, Cowbell: "Cyber insurance is highly recommended.

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Cyber Insurance Insurance Risk CISO 116

eSecurity Planet

APRIL 22, 2022

While cyber insurance is a fairly recent concept, business is booming, and there are literally hundreds of companies offering cyber insurance. According to the National Association of Insurance Commissioners (NAIC) report from October of 2021, the cybersecurity insurance market, including both U.S. was worth roughly $4.1

Cyber Insurance 121

Cyber Insurance Insurance Marketing Small Business 121

eSecurity Planet

DECEMBER 23, 2021

Now more products are coming to market that make it easier for enterprises to detect such attacks and protect themselves against them, Zioni said. Also read: Best Backup Solutions for Ransomware Protection. In addition, 91 percent said that their budgets for third-party cyber-risk management would increase in 2021.

Cyber Risk 141

Cyber Risk Risk Software Marketing 141

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

SecureWorld News

NOVEMBER 29, 2023

Ardent Health Services, a Nashville-based healthcare provider, fell victim to a ransomware attack on Thanksgiving Day morning, November 23, that disrupted its IT operations and forced hospitals to divert emergency room patients to other facilities. Imagine a scenario where it was discovered a powerful decision-maker was secretly sick.

Cyber Attacks 119

Cyber Attacks Healthcare Ransomware Technology 119

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.

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Malware Cybercrime Hacking Cyber threats 124

SecureWorld News

MAY 26, 2021

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year. cyber insurance market and the results are in.

Cyber Insurance 75

Cyber Insurance Insurance Cyber Risk Marketing 75

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. One respondent said, “security is not only a business expense, but it’s a valid business need and [must] be funded appropriately to defend against ransomware and sophisticated threats.”

Cybersecurity 105

Cybersecurity Ransomware Security Awareness Technology 105

Centraleyes

DECEMBER 11, 2024

Regional aviation authorities may also incorporate elements of the IATA Cyber Security Regulations into mandatory compliance schemes. Evolution and Updates: The IATA has regularly updated its guidance to reflect emerging threats, including ransomware, supply chain vulnerabilities, and advanced persistent threats.

Risk 52

Risk Cybersecurity Penetration Testing Digital transformation 52

The Last Watchdog

MARCH 29, 2022

And the very same mindset persists today, perhaps even more so, as companies increasingly rely on open-source software to keep pace, observes Kate Adam, Juniper Network’s senior director of security product marketing. The intensely competitive cybersecurity talent market is partly to blame here.

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Firewall Internet Internet Digital transformation 223

CyberSecurity Insiders

JUNE 25, 2022

As it stands, ransomware remains the biggest threat to organiszations. million ransomware attacks across the world, which is a 105% increase compared to the previous year. So naturally, businesses turn to the cyber market to pick out their next solution to add to the security stack. Real time data. A dual security system.

Risk 137

Risk Cyber Attacks Ransomware Cybersecurity 137

Jane Frankland

MAY 8, 2024

With the emergence of new attack methods such as (but not limited to) ransomware, supply chain, fileless attacks, and IoT botnets, traditional cybersecurity measures are struggling to keep up. This not only frees up valuable time for security professionals to focus on more complex tasks but also reduces the risk of human error.

Cyber threats 130

Cyber threats Cybersecurity Artificial Intelligence CISO 130

Security Boulevard

OCTOBER 20, 2022

Where is the real risk? Accepting Open Source Risk. Accepting cybersecurity risk has become the norm for organizations. Even with extensive firewalls, IDS, email security, zero-trust, ransomware, identity threat, and business email compromise protection, attacks still have a substantial financial impact on organizations.

Risk 111

Risk Artificial Intelligence Digital transformation Software 111

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. And data isn’t the only business asset that ransomware can target. Unplanned downtime cuts off business revenue.

Data breaches 98

Data breaches DDOS Ransomware Marketing 98

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

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

Duo's Security Blog

DECEMBER 7, 2022

Earlier this year, we held a webinar with providers of data-driven cyber risk analytics for the insurance industry CyberCube, in which its former head of cyber intelligence Darren Thomson shared insight into the topics insurers are prioritizing. What are you doing about backups? How are you protecting your endpoints?

Insurance 98

Insurance Cyber Insurance Ransomware Risk 98

SecureWorld News

SEPTEMBER 29, 2020

Once the orders were received in Nigeria, Ogunremi and his conspirators sold the toner cartridges to another individual on the black market for profit.". In a ransomware attack, they encrypt it or steal it and threaten to publish your data unless you pay a ransom. What could my company have that hackers want?

Phishing 95

Phishing Government Cyber Risk Cybercrime 95

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

eSecurity Planet

FEBRUARY 2, 2022

Tens of thousands of applications that are critical to the operations of data centers around the globe are exposed to the internet, with many secured with default factory passwords, posing a significant cyber risk to enterprises worldwide. percent a year through 2026, when it will hit $4.4

Internet 122

Internet Internet Passwords Software 122

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.

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Cyber Insurance Insurance Risk Technology 100

Digital Shadows

NOVEMBER 26, 2024

Despite a slowdown in “LockBit” ransomware activity due to law enforcement actions and a loss of affiliate trust, it remains a key player. Meanwhile, “RansomHub” is rising rapidly due to its attractive ransomware-as-a-service (RaaS) model. Despite the importance of employee training, sometimes it just isn’t enough.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

BH Consulting

JUNE 22, 2021

Also known as cyber risk insurance, it’s now a prerequisite in some public sector tenders. Insurers know this and will say it’s a significant business risk not to have cover if a breach happens. That may be true, but the danger is, some companies could think a cyber risk policy by itself is enough.

Insurance 83

Insurance Cybersecurity Cyber Insurance Cyber Risk 83