SecureWorld News

JANUARY 11, 2024

Cybersecurity threats are a growing menace, wreaking havoc on businesses and individuals alike. In this digital battlefield, cyber insurance has emerged as a crucial shield, offering financial protection against data breaches, ransomware attacks, and other cyber incidents.

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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.

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eSecurity Planet

APRIL 22, 2022

Cyberattacks are not only a technological problem for companies, but they also represent a very real financial threat. That’s where cyber insurance may be able to help. But there’s a catch: Insurers are going to carefully assess your cybersecurity controls before writing any policy, and there are limits to coverage.

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Security Boulevard

MARCH 15, 2022

With the cyber threat landscape showing no sign of becoming less risky, many businesses want to transfer some of their risk to cyber insurance providers. In fact, by 2020, 78% of corporate risk managers bought some type of cyber insurance coverage for their company. The post What is Cyber Insurance?

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SecureWorld News

MARCH 20, 2024

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. Here, cyber insurance serves as an invaluable safety net by offering essential financial coverage and support services in the event of a ransomware attack occurring.

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CyberSecurity Insiders

MARCH 2, 2022

A recent online survey conducted for Hartford Steam Boiler Inspection and Insurance Company (HSB) suggests that over 74% of prospective owners of Electric Vehicles(EVs) are in a fear that their vehicles might fall prey to ransomware, state funded campaigns and other variants of cyber attack when connected to public charging stations.

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Cyber threats Cyber Attacks Retail Insurance 111

Heimadal Security

NOVEMBER 14, 2022

In the previous months, threat actors have been heavily targeting Australian companies, two of the most notorious cases being the leaking of data from Optus, the country’s second-largest telecom provider, and Medibank, the largest health insurance company in Australia. The […].

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SecureWorld News

AUGUST 1, 2023

One aspect of these cyberattacks that has been hotly debated is the role that cybersecurity insurance plays in these incidents. To better understand the relationship between insurance and ransomware, U.K.-based RUSI's research challenges the notion that cyber insurance is a direct catalyst for ransomware.

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Webroot

SEPTEMBER 24, 2024

In today’s world, both small businesses and everyday consumers face a growing number of cyber threats. OpenText’s 2024 Threat Hunter Perspective sheds light on what’s coming next and how to protect yourself. Cyber insurance might also be worth looking into as an additional safety net.

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Cyber threats Small Business Scams Cybercrime 112

Malwarebytes

APRIL 27, 2022

You’ve likely only seen cybercrime insurance primarily mentioned in relation to attacks on businesses. Some folks think the mere presence of insurance simply encourages more attacks , and is hurting more than it’s helping. Personal insurance plans are slowly becoming a more visible and talked about topic.

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CyberSecurity Insiders

JANUARY 19, 2022

There are more online stores and services available than ever, and you are able to shop for almost anything online whether it's groceries or insurance. In particular, insurance companies are tempting targets for cybercriminals as they hold personal and financial information for numerous clients. The vocabulary of cybersecurity.

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Hacker's King

DECEMBER 24, 2024

With the advent of new technologies and rising cyber threats , 2025 promises significant shifts in the cybersecurity domain. Expansion of Cyber Insurance As cyberattacks grow in frequency and scale, the demand for cyber insurance will surge.

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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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CSO Magazine

JANUARY 24, 2023

Industry respondents also expressed concerns over identity theft at 4%, unavailable or unaffordable cyber insurance at 4%, geopolitical risks at 3%, DDoS attacks at 2% and website defacement at 0.9%, according to CSI’s annual survey of the financial sector.

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Krebs on Security

APRIL 15, 2019

We constantly monitor our entire infrastructure at heightened level of alertness to deal with any potential cyber threat.” “The buyers were state-owned Life Insurance Corporation of India (LIC), New India Assurance and General Insurance Corporation. “A total of 44.4

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Identity IQ

MAY 15, 2023

Juice Jacking: The Latest Cyber Threat to Your Personal Information and Devices IdentityIQ Juice jacking, a new cybercrime trend, is targeting people who charge their phones or tablets at public charging stations.

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Digital Shadows

JULY 25, 2024

This report highlights the major cyber threats facing the Finance and Insurance Sector.

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SecureWorld News

MARCH 17, 2025

Despite these setbacks, the company has stated that, with its cyber insurance coverage and ongoing remediation efforts, it doesn't expect a long-term material impact on its business fundamentals. This compliance not only safeguards sensitive financial information but also helps your operational resilience in the face of cyber threats.

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SecureWorld News

FEBRUARY 26, 2025

Crypto companies must now adopt advanced cybersecurity measures to ward off sophisticated threats such as malware and phishing attacks, and there's likely to be an increased focus on developing comprehensive insurance and risk management strategies to mitigate potential financial losses."

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The Last Watchdog

JUNE 9, 2022

And, let’s be honest , the deceptive writing phishing assaults and other cyber threats today employ are skilled enough to fool even the most trained, internet-savvy experts. Ever present threats. A criminal exploiting someone’s medical or insurance details to make fraudulent claims is known as medical identity theft.

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Cytelligence

OCTOBER 18, 2023

Cyber threats have become a significant concern for businesses of all sizes. The cost of cyber attacks, including financial losses, reputational damage, and legal consequences, can be staggering. To mitigate these risks, businesses often invest in cyber insurance. This is where CYPFER comes in.

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SecureWorld News

SEPTEMBER 10, 2020

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. The number one type of cyber incident so far this year is ransomware.

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The Last Watchdog

OCTOBER 5, 2023

” Kovrr’s report was published in response to the recent US SEC regulations mandating the disclosure of “material” cyber threats and incidents and offers companies objective benchmarks for determining incident materiality.

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NopSec

AUGUST 30, 2013

If you are responsible for IT security in the financial services industry, you may have been asked by a regulator to disclose details on your company’s preparedness for cyber-attacks. NopSec has received requests for help from customers at banks, credit unions, and insurance.

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SecureWorld News

FEBRUARY 5, 2025

Key findings: the cyber threat landscape in 2025 1. Leverage cyber insurance to mitigate financial risks associated with supply chain attacks. Strengthen public-private collaboration Adopt a National Cyber Defense Collaborative similar to the U.S. Joint Cyber Defense Collaborative (JCDC).

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Thales Cloud Protection & Licensing

MARCH 18, 2025

Thales OneWelcome Identity Platform and HIPAA Compliance in 2025 madhav Wed, 03/19/2025 - 05:58 The Health Insurance Portability and Accountability Act (HIPAA) has undergone significant changes in 2025, introducing enhanced requirements to address growing cyber threats and ensure comprehensive data protection.

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Tech Republic Security

JANUARY 15, 2025

The proposed HIPAA Security Rule introduces mandatory measures that reflect the growing sophistication of cyber threats in health care.

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Thales Cloud Protection & Licensing

JANUARY 16, 2025

Some of the most important are Gramm-Leach-Bliley Act ( GLBA ), the National Association of Insurance Commissioners ( NAIC ) Data Security Model Law, the New York Department of Financial Services ( NYDFS ) Cybersecurity Regulation, and the National Credit Union Administration ( NCUA ) cybersecurity guidance.

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The Hacker News

OCTOBER 24, 2022

But vCISO services are

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Security Boulevard

JULY 17, 2021

The insurance giant revealed that the organization suffered a data breach following the ransomware attack. The American insurance major has recently disclosed that data of over 75,000 of its customers has been affected due to the breach. […]. The CNA ransomware attack that made the news in March this year has an extension to the story.

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Webroot

AUGUST 19, 2024

Why these features matter These lightweight, yet powerful enhancements to your security toolkit are essential components that have the potential to aid in fulfilling cyber-insurance requirements. Stay tuned for these updates and join us in strengthening your cybersecurity defenses with Webroot’s innovative solutions.

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Krebs on Security

JULY 21, 2023

“Separation of duties is a fundamental concept of security, whether we’re talking about cyber threats, employee fraud, or physical theft,” said Tari Schreider , an analyst with Datos Insights. “But that critical separation is violated every day with the CISO or CSO reporting to the heads of technology.”

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Thales Cloud Protection & Licensing

JULY 21, 2022

The Ongoing Cyber Threat to Critical Infrastructure. With that in mind, Thales has launched the 2022 Thales Data Threat Report Critical Infrastructure Edition, which includes responses from 300 security leaders and practitioners within critical infrastructure organizations. Thu, 07/21/2022 - 12:28.

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The Hacker News

JULY 21, 2022

Growing cyber threats, tightening regulatory demands and strict cyber insurance requirements are driving small to medium-sized enterprises demand for strategic cybersecurity and compliance guidance and management. Yet current vCISO services models still rely on manual

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CyberSecurity Insiders

OCTOBER 23, 2022

the company as it failed to protect its user data containing banking account info, insurance numbers, ethnic origin details and religion. The post Cyber threat related headlines trending on Google appeared first on Cybersecurity Insiders. Information Commissioner Office (ICO) has imposed a penalty of £4.4m

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Webroot

SEPTEMBER 27, 2024

In today’s world, both small businesses and everyday consumers face a growing number of cyber threats. OpenText’s 2024 Threat Hunter Perspective sheds light on what’s coming next and how to protect yourself. Cyber insurance might also be worth looking into as an additional safety net.

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Cyber threats Small Business Scams Cybercrime 59

SC Magazine

APRIL 23, 2021

For example, they’re used in boardrooms as “eye candy” to portray the state of company cyber-risk, with supply chain partners to manage third-party risk and, even more frightening, by insurance companies to create risk profiles for cyber-insurance policies. Does it truly reflect the security of the company? Usually not.

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