Security Affairs

NOVEMBER 6, 2018

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?

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Insurance Cryptocurrency Cyber threats Marketing 94

CyberSecurity Insiders

MARCH 25, 2021

Cyber Threats have increased on enterprise networks and all thanks to the latest trend of work from home that is being practiced by most of the firms operating across the globe to prevent the spread of Corona Virus. The post Work from home increases Cyber Threats on Enterprises appeared first on Cybersecurity Insiders.

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Cyber threats Cyber Insurance Insurance Cyber Risk 128

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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Cyber Insurance Insurance Cyber Risk Data breaches 119

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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Cyber Insurance Insurance Marketing Small Business 121

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. On top of this, a significant 41% of victims opted to pay the ransom, which is a difficult decision that's fraught with its own respective complexities and risks.

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Cyber Insurance Insurance Ransomware Risk 110

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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Cyber Insurance Insurance Cyber Risk Marketing 108

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.

Cyber Insurance 110

Cyber Insurance Insurance Cyber threats Risk 110

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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Cyber Insurance Insurance Ransomware Marketing 98

Hacker's King

DECEMBER 24, 2024

With the advent of new technologies and rising cyber threats , 2025 promises significant shifts in the cybersecurity domain. Quantum Computing Threats While quantum computing offers immense potential, it also poses a serious risk to traditional encryption methods.

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Cybersecurity Cyber Insurance IoT Insurance 59

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 can help your organization establish a robust risk management program that keeps pace with your rapid digital change.

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Cyber Attacks Digital transformation Threat Detection Penetration Testing 104

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

CyberSecurity Insiders

SEPTEMBER 13, 2022

Chief Financial Officers aka CFOs are ignoring billions of dollars loss incurred through cyber risks and threats, says a survey. Interestingly, over 87% of survey respondents are over-confident that their companies can overcome any level of threats, although their current Cybersecurity posture was never tested to the core.

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Cyber Risk Risk Cyber Insurance Insurance 131

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

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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Cyber threats Identity Theft Cyber Insurance Insurance 111

SecureWorld News

FEBRUARY 5, 2025

The State of Cybersecurity in Canada 2025 report, published by the Canadian Cybersecurity Network (CCN) and the Security Architecture Podcast , delivers an in-depth analysis of the evolving threat landscape, emerging risks, and strategic recommendations for Canadian organizations. Key findings: the cyber threat landscape in 2025 1.

InfoSec 70

InfoSec Energy and Utilities Cybersecurity Education 70

Centraleyes

MARCH 17, 2025

Every organization faces risks that threaten its objectives, assets, and operations. A risk assessment is the foundation for identifying, analyzing, and prioritizing these risks. Understanding the basics of risk assessment is the first step in building a resilient and proactive strategy to mitigate risks and vulnerabilities.

Risk 52

Risk Insurance Small Business Cybersecurity 52

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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Insurance Cybercrime Cybersecurity Phishing 99

Thales Cloud Protection & Licensing

MARCH 19, 2025

The State of Digital Trust in 2025 - Consumers Still Shoulder the Responsibility madhav Thu, 03/20/2025 - 04:52 Trust remains the cornerstone of digital interactions, yet its foundations are increasingly fragile in an era of sophisticated cyber threats and evolving consumer expectations. Brands complying with regional laws (e.g.,

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Insurance Banking Authentication Data privacy 71

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. Bottom Line Juice jacking can put your personal information and smart devices at risk.

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Cyber threats Identity Theft Malware Passwords 98

Krebs on Security

JULY 21, 2023

One-third of last year’s Fortune 100 companies included a Chief Technology Officer (CTO) in their executive stables; 40 listed Chief Information Officer (CIO) roles, but just 21 included a Chief Risk Officer (CRO). The CSO or CISO position traditionally has reported to an executive in a technical role, such as the CTO or CIO.

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CSO CISO Insurance Risk 240

The Last Watchdog

OCTOBER 5, 2023

5, 2023 — Kovrr , the leading global provider of cyber risk quantification (CRQ) solutions, announces the release of its new Fortune 1000 Cyber Risk Report, shedding light on the complex and ever-evolving cyber risk landscape across various industry sectors and the respective financial repercussions companies may consequently face.

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Cyber threats Cyber Risk Retail Risk 100

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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Financial Services Encryption Insurance Government 62

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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Healthcare Encryption Authentication Penetration Testing 62

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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Hacking Cryptocurrency Cyber threats Malware 75

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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Cyber Insurance Insurance Passwords Cyber Attacks 64

SC Magazine

APRIL 23, 2021

Richards argues that this rise has a dramatic impact on a company’s risk profile and one reason why security ratings scores are not always useful. And, because of this, cyber insurance companies using these scores rely on an inaccurate assessment of target-company risk. FBI CreativeCommons CC PDM 1.0. Usually not.

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Cyber Insurance Insurance Risk Cyber Risk 61

SecureWorld News

OCTOBER 20, 2021

Cyberrisk is business risk. But how should we communicate this risk to the business, to clients, or to investors? Accenture annual report: risks we face from cyberattacks. However, we were most interested in seeing how Accenture articulated a particular business risk: the risk from a cyberattack.

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Cyber Risk Risk Insurance Cyber Insurance 97

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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Cyber Insurance Insurance Ransomware Cyber Attacks 64

SecureWorld News

AUGUST 4, 2023

Phishing remains one of the top cyber threats faced by organizations, and as phishing scams become more sophisticated, security leaders need clearer insights into phishing risks across their industry and geography to prioritize defenses. In South America, failure rates for baseline tests soared to more than 40% on average.

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Phishing Risk Security Awareness Retail 98

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.

Insurance 40

Insurance Cyber threats Banking Financial Services 40

NetSpi Executives

JANUARY 8, 2024

In case you missed it, Chubb, one of the leading publicly traded property and casualty insurance companies, announced an innovative collaboration with NetSPI to strengthen client cyber-risk profiles via enhanced attack surface management and penetration testing solutions. What is proactive security?

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Cyber Insurance Insurance Penetration Testing Cyber threats 64

eSecurity Planet

SEPTEMBER 21, 2024

Understanding and adhering to cybersecurity regulations is crucial for any organization as cyber threats evolve and become more sophisticated. Let’s explore what to expect from the upcoming regulations, provide insights into critical federal and state laws, and offer practical compliance and risk management strategies.

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Cybersecurity Computers and Electronics Cyber threats Healthcare 122

Centraleyes

MARCH 13, 2025

Enacted in 2017, this regulation is all about minimizing risk in the financial services sector, which, lets face it, is prime real estate for cybercriminals. The program should be tailored to your specific business risks. Insight: Many businesses make the mistake of copying templates without understanding their unique risks.

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Cybersecurity Financial Services Risk Encryption 52

The Last Watchdog

DECEMBER 12, 2023

A look back at the cybersecurity landscape in 2023 rings all-too familiar: cyber threats rapidly evolved and scaled up , just as they have, year-to-year, for the past 20 years. The “trust but verify” approach is no longer viable in a landscape where threats can originate from anywhere. Here is part one of three groupings.

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Cybersecurity Social Engineering Cyber threats Software 258

IT Security Guru

JUNE 17, 2024

This dual-threat approach means businesses risk losing access to their data, while simultaneously potentially facing a data breach. Insurance and Recoverability Issues As ransomware attacks have increased, so have the complexities associated with insuring against them.

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Ransomware Insurance Risk Backups 138

SecureWorld News

MARCH 28, 2024

Department of Treasury on March 27th released a report titled "Managing Artificial Intelligence-Specific Cybersecurity Risks in the Financial Services Sector." The report highlights the growing concern around artificial intelligence (AI) and its potential to introduce new cybersecurity threats to the financial industry.

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Risk Artificial Intelligence Cybersecurity Financial Services 99

Trend Micro

JANUARY 28, 2025

ASRM transforms cyber insurance underwriting by integrating real-time risk assessments, advanced tools (NDR, EDR, Cloud Security, MDR), and proactive mitigation strategies to improve accuracy, reduce claims, and build trust.

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Cyber Insurance Insurance Risk Cyber threats 54