CSO Magazine

JUNE 14, 2023

With an ever-increasing number of cybersecurity threats and attacks, companies are becoming motivated to protect their businesses and customer data both technically and financially. The global cyber insurance market was valued at $13.33 The global cyber insurance market was valued at $13.33 billion in 2023 to $84.62

Insurance 121

Insurance Data breaches Cyber Insurance Marketing 121

SecureWorld News

NOVEMBER 14, 2024

Significant Financial and Operational Costs: Healthcare providers, faced with potential HIPAA fines and the risk of service interruptions, may feel pressured to pay ransom demands. This stolen data is often exposed on both the clear and dark web, heightening risks of identity theft and further perpetuating cybercrime.

Healthcare 119

Healthcare Ransomware Identity Theft Data breaches 119

Bleeping Computer

JULY 2, 2021

Gallagher (AJG), a US-based global insurance brokerage and risk management firm, is mailing breach notification letters to potentially impacted individuals following a ransomware attack that hit its systems in late September. [.].

Insurance 140

Insurance Data breaches Ransomware Risk 140

Adam Levin

MAY 19, 2021

The company has suffered data breaches in the past. . Significant data breaches at credit score bureaus include: . Experian, 2020: A data breach impacted 24 million Experian customers, plus almost 800,000 businesses in South Africa. The data included addresses, birthdays, and even Social Security numbers.

Risk 218

Risk Identity Theft Data breaches VPN 218

Centraleyes

DECEMBER 16, 2024

Tools like ChatGPT and Bard, powered by large language models, showcase how generative AI transforms business processesbut they also pose new risks. Securing these AI models and the data they generate. In a recent survey, 93% of respondents admitted to knowingly increasing their companys cybersecurity risks. The challenge?

Cybersecurity 98

Cybersecurity Insurance Cyber Insurance Technology 98

The Last Watchdog

AUGUST 19, 2021

At the start of this week, word got out that hackers claimed to have seized personal data for as many as 100 million T-Mobile patrons. Related: Kaseya hack worsens supply chain risk. Once more, a heavily protected enterprise network has been pillaged by data thieves. Joshua Arsenio, Director, Security Compass Advisory.

Mobile 235

Mobile Data breaches Authentication Accountability 235

Malwarebytes

NOVEMBER 12, 2024

Since then all board members have resigned, except for CEO Anne Wojcicki who has stood by her plans to take the company private, raising again the subject of what happens to customer genetic data when a company is sold. Data breaches happen to the best companies. I honestly hope they’re right.

Insurance 145

Insurance Accountability Risk Data breaches 145

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. This puts a strain on insurance companies, who are forced to adjust premiums to maintain solvency.

Cyber Insurance 122

Cyber Insurance Insurance Cyber Risk Data breaches 122

SecureWorld News

APRIL 17, 2023

When considering adding a cyber insurance policy, organizations, both public and private, must weigh the pros and cons of having insurance to cover against harm caused by a cybersecurity incident. Compliance: Certain industries and jurisdictions require organizations to have cyber insurance or to meet certain cybersecurity standards.

Cyber Insurance 117

Cyber Insurance Insurance Risk CISO 117

Heimadal Security

JANUARY 31, 2024

Keenan data breach exposes sensitive data belonging to 1,509,616 individuals. The insurance broker company notified the impacted customers and employees on January 26th, 2024. According to the data breach notification, the hackers gained access to Keenan`s network on August 21st, 2023.

Data breaches 105

Data breaches Risk Insurance Cybersecurity 105

Security Affairs

OCTOBER 20, 2024

CISA adds Veeam Backup and Replication flaw to its Known Exploited Vulnerabilities catalog North Korea-linked APT37 exploited IE zero-day in a recent attack Omni Family Health data breach impacts 468,344 individuals Iran-linked actors target critical infrastructure organizations macOS HM Surf flaw in TCC allows bypass Safari privacy settings Two Sudanese (..)

Data breaches 115

Data breaches Cybercrime Cyber Insurance Marketing 115

eSecurity Planet

APRIL 22, 2022

That’s where cyber insurance may be able to help. According to the Ponemon Institute and IBM, the global average cost of a data breach is $4.24 As the number and severity of data breaches continues to rise, organizations are recognizing that those costs are not theoretical. Cyber Insurance is Booming.

Cyber Insurance 119

Cyber Insurance Insurance Marketing Small Business 119

Security Affairs

DECEMBER 11, 2023

Toyota Financial Services (TFS) disclosed a data breach, threat actors had access to sensitive personal and financial data. Toyota Financial Services (TFS) is warning customers it has suffered a data breach that exposed sensitive personal and financial data.

Financial Services 137

Financial Services Data breaches Identity Theft Banking 137

Security Affairs

JUNE 12, 2021

Volkswagen America discloses a data breach at a third-party vendor that exposed the personal details of more than 3.3 Volkswagen America discloses a data breach suffered by a third-party vendor used by the car vendor for sales and marketing purposes. SecurityAffairs – hacking, data leak). million of its customers.

Data breaches 136

Data breaches Marketing Insurance Hacking 136

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. Insurers Assessing Risks.

Cyber Insurance 128

Cyber Insurance Insurance Cyber Attacks Ransomware 128

The Hacker News

NOVEMBER 9, 2022

The rise in the costs of data breaches, ransomware, and other cyber attacks leads to rising cyber insurance premiums and more limited cyber insurance coverage. This cyber insurance situation increases risks for organizations struggling to find coverage or facing steep increases.

Cyber Insurance 106

Cyber Insurance Insurance Data breaches Cyber Attacks 106

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

AUGUST 20, 2020

The South African branch of consumer credit reporting agency Experian disclosed a data breach that impacted 24 million customers. The South African branch of consumer credit reporting agency Experian disclosed this week a data breach that impacted 24 million customers. ” reads the report. Pierluigi Paganini.

Data breaches 136

Data breaches Advertising Insurance Banking 136

Security Affairs

OCTOBER 20, 2022

Healthcare system Advocate Aurora Health (AAH) disclosed a data breach that exposed the personal data of 3,000,000 patients. The US-based hospital healthcare system Advocate Aurora Health (AAH) disclosed a data breach that exposed the personal data of 3,000,000 patients. Pierluigi Paganini.

Data breaches 136

Data breaches Healthcare Insurance Accountability 136

IT Security Guru

AUGUST 7, 2024

The insurance industry is experiencing a significant transformation fuelled by the ubiquity of digital technologies. As these solutions gain traction in this sector, they add complexity to a regulatory landscape that insurance firms need to navigate, especially when it comes to Customer Identity and Access Management (CIAM).

Insurance 125

Insurance Data collection Authentication Technology 125

SC Magazine

JULY 6, 2021

million patients affected by a data breach. Insurance giant Dominion National reached a $2 million settlement with the 2.9 million patients affected by its nine-year data breach, first reported in 2019. Dominion is a health plan administrator, as well as an insurer of dental and vision benefits.

Data breaches 125

Data breaches Insurance Identity Theft Healthcare 125

Malwarebytes

JULY 10, 2022

So, your business has just suffered a data breach and it’s time to dig deep in your pockets to pay all the resulting expenses. Without cyber insurance , you can expect to pay a dizzying amount of cash. Here are four ways your business can save money on its insurance. How is cyber insurance priced? Fixed rate.

Cyber Insurance 102

Cyber Insurance Insurance Data breaches Phishing 102

SC Magazine

APRIL 19, 2021

AIG is one of the top cyber insurance companies in the U.S. 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. eflon CreativeCommons CC BY 2.0.

Insurance 113

Insurance Cyber Insurance Ransomware InfoSec 113

Security Affairs

AUGUST 28, 2024

Software solutions provider Young Consulting disclosed a data breach impacting 950,000 individuals following a BlackSuit ransomware attack. ” reads a notice of data breach published by the company. On April 13 the company “became aware of technical difficulties” that impacted its infrastructure.

Data breaches 112

Data breaches Ransomware Insurance Software 112

Malwarebytes

NOVEMBER 13, 2023

The US State of Maine says it has suffered a data breach impacting around 1.3 The type of stolen data varies from person to person, likely because the data breach affected multiple agencies in the State. The breach also impacted several other departments. million people. Watch out for phishing emails, too.

Data breaches 125

Data breaches Identity Theft Insurance Education 125

Security Affairs

FEBRUARY 28, 2024

Pharmaceutical giant Cencora suffered a cyber attack and threat actors stole data from its infrastructure. Pharmaceutical giant Cencora disclosed a data breach after it was the victim of a cyberattack. Optum Solutions is a subsidiary of UnitedHealth Group, a leading health insurance company in the United States.

Data breaches 130

Data breaches Healthcare Insurance Ransomware 130

Security Affairs

FEBRUARY 26, 2021

Data Breach: WizCase team uncovered a massive data leak containing private information about Turkish Citizens through a misconfigured Amazon S3 bucket. Inova is an actuarial consultancy company, which means they compile statistical analysis and calculate insurance risks and premiums. What’s Going On?

Data breaches 120

Data breaches Insurance Identity Theft Education 120

Security Affairs

OCTOBER 23, 2024

It becomes increasingly difficult to gain complete visibility or transparency that could help security and privacy teams discover sensitive data, identify its security and compliance postures, and mitigate risks. To add to the difficulty, the advent of Generative AI (GenAI) has brought unprecedented security and privacy risks.

Data privacy 123

Data privacy Unstructured Data Risk Data breaches 123

Malwarebytes

MARCH 19, 2025

Sperm donor giant California Cryobank has announced it has suffered a data breach that exposed customers’ personal information. The data breach notification states that the breach occurred on April 20, 2024 and CCB discovered it on October 4, 2024. Check the vendors advice.

Banking 88

Banking Data breaches Computers and Electronics Passwords 88

SecureWorld News

APRIL 23, 2025

In its 17th edition, Verizon's 2025 Data Breach Investigations Report (DBIR) continues to deliver one of the most comprehensive analyses of cyber incidents worldwide. The DBIR breaks down breach trends across industries: Financial and Insurance: Heavily targeted by credential stuffing and phishing; fastest detection rates.

Ransomware 101

Ransomware CISO Backups Risk 101

SC Magazine

JUNE 28, 2021

The rise of the cyber insurance has largely failed to promote better cybersecurity practices among the industries they cover, according to a new report released Monday from British security think tank RUSI. Growing losses from ransomware attacks have…emphasized that the current reality is not sustainable for insurers either.

Cyber Insurance 136

Cyber Insurance Insurance Ransomware Marketing 136

SecureWorld News

JUNE 5, 2024

Department of Health and Human Services (HHS) has stepped in to ensure patients are made aware if their sensitive data was compromised during February's massive cyberattack on health IT firm Change Healthcare. The unprecedented directive stems from Change Healthcare's business acquisition by UnitedHealth in 2022.

Healthcare 114

Healthcare Data breaches Identity Theft Insurance 114

SC Magazine

FEBRUARY 8, 2021

Every time a driver buckles up or an airbag is deployed we see the powerful influence of the insurance companies who insisted those measures become mandatory. Now, those insurers are poised to drive cybersecurity investment by insisting that organizations meet certain criteria to qualify for coverage. A maturing model.

Insurance 126

Insurance Cybersecurity Cyber Insurance Government 126

CyberSecurity Insiders

SEPTEMBER 12, 2022

Cyber security analysts suspect the data can be used for extortion and can be apparently sold on the dark web for huge profits. Currently, there is zero evidence that the data has been misused or compromised and claimed that the info of its 2030 employees was safe and risk free.

Data breaches 114

Data breaches Cyber Attacks Identity Theft Banking 114

SecureWorld News

JANUARY 31, 2024

Cyber risk is an existential issue for companies of all sizes and in all industries. However, it also exposes companies to additional layers of risk. However, it also exposes companies to additional layers of risk. All stakeholders, including insurers, need to understand whose cyber insurance policy responds to an incident.

Risk 104

Risk Cyber Insurance Insurance Data breaches 104

Security Boulevard

NOVEMBER 24, 2023

First published by HelpNetSecurity  — Matthew Rosenquist Cybersecurity insurance is a rapidly growing market, swelling from approximately $13B in 2022 to an estimated $84B in 2030 (26% CAGR), but insurers are struggling with quantifying the potential risks of offering this type of insurance. to 130.6%).

Insurance 72

Insurance Risk Cyber Insurance Cybersecurity 72

CyberSecurity Insiders

JUNE 5, 2023

MOVEit produced by Progress Software is taking all precautions to mitigate the risks associat-ed with the incident and has informed the staff of Zellis on how to neutralize the effects of the cyber-attack. The post Zellis Cybersecurity Incident causes BA and Boots employee info data breach appeared first on Cybersecurity Insiders.

Data breaches 122

Data breaches Cybersecurity Insurance Ransomware 122