The Last Watchdog

JULY 13, 2023

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. For the insurance industry, working with clients to help them tackle these challenges is vital to ensuring businesses operate in as safe an environment as possible.

Cyber Risk 189

Cyber Risk Risk Insurance Energy and Utilities 189

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. The incident contributed to a short-term stock price dip of about 2% and added to operational expenses during the recovery phase.

Cyber Attacks 110

Cyber Attacks Digital transformation Threat Detection Penetration Testing 110

CyberSecurity Insiders

FEBRUARY 17, 2023

FYI, the company was acquired by Aviva Insurance in the year 2022 and has over 19 offices across UK and is estimated to be £10 billion worth in assets. The details of over 14,000 employees were sent to 100s of NHS Managers and 24 external accounts creating a possibility of identity thefts and social engineering attacks such as phishing.

Cyber Attacks 129

Cyber Attacks Identity Theft Insurance Social Engineering 129

Security Affairs

FEBRUARY 8, 2024

Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches. Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Generative AI Impact : Generative AI will have a big role in cyber security, especially in areas like email protection and fighting social engineering attacks.

Social Engineering 141

Social Engineering Cyber Attacks Cyber Insurance IoT 141

The Last Watchdog

DECEMBER 12, 2023

Camellia Chan , Co-Founder and CEO, Flexxon Chan In a single month, major breaches hit MGM, DP World Australia, Philippine Health Insurance – just to name a few. Supply-chain attacks, new zero-day attacks, insider risk and improved phishing leads to an onslaught of breaches. IT leadership should be shifting to operational resiliency.

Cybersecurity 258

Cybersecurity Social Engineering Cyber threats Software 258

Security Affairs

AUGUST 16, 2023

A phishing campaign employing QR codes targeted a leading energy company in the US, cybersecurity firm Cofense reported. “Beginning in May 2023, Cofense has observed a large phishing campaign utilizing QR codes targeting the Microsoft credentials of users from a wide array of industries.” com (Cloudflare’s Web3 services).

Phishing 98

Phishing Energy and Utilities Insurance Manufacturing 98

Security Boulevard

APRIL 23, 2021

Phishing is today’s most dangerous cyberattack. Google noted a more than 600% spike in phishing attacks in 2020 compared to 2019 with a total of 2,145,013 phishing sites registered as of January 17, 2021, up from 1,690,000 on Jan 19, 2020. Phishing doesn’t discriminate. What is the Most Common Form of Phishing?

Phishing 101

Phishing Scams Media Accountability 101

Malwarebytes

JULY 5, 2021

Researchers explore the insecure world of the subdomain (Source: Can i take your subdomain) Cyber insurance model is broken, consider banning ransomware payments (Source: The Register) How facial recognition solutions can safeguard the hybrid workplace (Source: Help Net Security) Capital One hacker faces fresh charges for 2019 hacking spree (Source: (..)

Cyber Insurance 106

Cyber Insurance Social Engineering Scams Insurance 106

Security Affairs

AUGUST 11, 2022

The Conti ransomware gang is using BazarCall phishing attacks as an initial attack vector to access targeted networks. BazarCall attack, aka call back phishing, is an attack vector that utilizes targeted phishing methodology and was first used by the Ryuk ransomware gang in 2020/2021. Stage Three. Stage Four.

Ransomware 98

Ransomware Social Engineering Phishing Engineering 98

eSecurity Planet

SEPTEMBER 14, 2022

As a matter of fact, the most-reported crime in the 2021 Internet Crime Report report was phishing , a social engineering scam wherein the victim receives a deceptive message from someone in an attempt to get the victim to reveal personal information or account credentials or to trick them into downloading malware.

Social Engineering 120

Social Engineering Energy and Utilities Phishing Internet 120

Malwarebytes

MARCH 18, 2022

Recently, a fake Instagram email successfully bypassed Google’s email filters and made it into hundreds of employee inboxes used by a prominent US life insurance company based in New York. Clicking the Verify button here again directs users to the actual phishing page, as you can see below (Source: Armorblox). Source: Armorblox).

Phishing 135

Phishing Scams Insurance Accountability 135

BH Consulting

OCTOBER 24, 2024

The malevolent seven: ENISA report identifies prime cybersecurity threats Ransomware; malware; social engineering; threats against data; threats against availability (denial of service); information manipulation and interference; and supply chain attacks. MORE NSA to insurers: stop bankrolling ransom payments.

Social Engineering 69

Social Engineering Passwords Cybersecurity Ransomware 69

CyberSecurity Insiders

MAY 15, 2023

Currently, it appears that the attackers are primarily focusing on companies in manufacturing, wealth management, insurance, and pharmaceuticals sectors. Hopefully, this service will help mitigate the risks associated with the malicious attack, such as phishing and other social engineering attacks.

Ransomware 100

Ransomware Insurance Social Engineering Manufacturing 100

Security Affairs

SEPTEMBER 15, 2022

Threat actors used employees’ publicly-available Personally Identifiable Information (PII) and social engineering techniques to impersonate victims and obtain access to files, healthcare portals, payment information, and websites. million payments. ” reads the alert. Mitigate vulnerabilities related to third-party vendors.

Healthcare 98

Healthcare Social Engineering Accountability Passwords 98

Security Boulevard

MAY 12, 2022

Phishing attacks? The Role Of Cybersecurity Insurance In A Predictive Security. Cybersecurity insurance in recent years has become a modern day stopgap for corporations looking to offset their losses for attacks. What Is Not Covered Under Cyber Insurance? Below is a list of adaptive controls needed for cyber insurance.

Cyber Insurance 105

Cyber Insurance Insurance Marketing Firewall 105

SecureList

NOVEMBER 9, 2022

Phishing attacks are going to become even more sophisticated, since a lot of basic tactics have already been tried this year, and businesses learned to repel those. As such, we anticipate a booming cyber insurance industry as many organizations heed these warnings and seek to guard against ransomware attacks.

Cybersecurity 144

Cybersecurity Cyber Insurance Cybercrime IoT 144

The Last Watchdog

AUGUST 19, 2021

Could be phished credentials. as well as insurance and merchant accounts, to commit insurance fraud and wire fraud. Sascha Fahrbach , cybersecurity evangelist, Fudo Security : Our personal data has immense value to cyber criminals; it is very likely that hackers will now weaponize this data to create advanced phishing attacks.

Mobile 235

Mobile Data breaches Authentication Accountability 235

Digital Shadows

NOVEMBER 26, 2024

Key Points Phishing incidents rose during the reporting period (August 1 to October 31, 2024), accounting for 46% of all customer incidents. This increase is likely driven by high employee turnover and easy access to phishing kits. Meanwhile, “RansomHub” is rising rapidly due to its attractive ransomware-as-a-service (RaaS) model.

Cyber Attacks 59

Cyber Attacks Phishing Ransomware Cyber Insurance 59

SecureList

JUNE 26, 2023

According to a report by the Barracuda cybersecurity company, in 2021, businesses with fewer than 100 employees experienced far more social engineering attacks than larger ones. One of the methods often utilized to hack into employees’ smartphones is so-called “ smishing ” (a combination of SMS and phishing).

Cybercrime 123

Cybercrime Phishing Banking Malware 123

SecureList

NOVEMBER 28, 2022

Companies will fight the human factor in cybersecurity to curb insider threat and social engineering to protect user data. According to estimates , 91% of all cyberattacks begin with a phishing email, and phishing techniques are involved in 32% of all successful data breaches.

Insurance 135

Insurance Social Engineering IoT Data breaches 135

Security Affairs

FEBRUARY 26, 2021

Inova is an actuarial consultancy company, which means they compile statistical analysis and calculate insurance risks and premiums. Document sent to the insurance company by the victim’s lawyer. Inova has been operating since 2012 and has handled thousands of cases since then. Sketch of the accident from the police report.

Data breaches 121

Data breaches Insurance Identity Theft Education 121

The Last Watchdog

OCTOBER 5, 2023

Byron: The economic impact of phishing, ransomware, business logic hacking, Business Email Compromise (BEC) and Distributed Denial of Service (DDoS) attacks continues to be devastating. Erin: What are some of the most common social engineering tactics that cybercriminals use? Byron: It’s an important risk management tool.

Cyber threats 203

Cyber threats Cyber Insurance Threat Detection Cybersecurity 203

SecureWorld News

JULY 13, 2023

A prime example is the healthcare sector, where the Health Insurance Portability and Accountability Act (HIPAA) mandates encryption to protect patient health information. A report by Verizon found that organizations that provided security awareness training experienced a 70% decrease in successful phishing attacks.

Cybersecurity 98

Cybersecurity Data breaches Social Engineering Encryption 98

SecureWorld News

MARCH 23, 2023

The email was sent from what appeared to be a trusted contact of the enterprise to an escrow officer at an insurance company. Mark Parkin of Vulcan Cyber said: "Social engineering attacks like this, originating in email, have only been getting worse over the last few years. The sender's domain name, however, ended in [.cam]

Scams 98

Scams Social Engineering Engineering Phishing 98

SecureWorld News

DECEMBER 7, 2022

Security experts have warned for years about the possibility of social engineering attacks with deepfakes, and the technology has matured enough for 2023 to see hackers successfully leverage it. Cyber insurance trends in 2023. Fostering workforce security education at all levels reduces risk.

Cybersecurity 98

Cybersecurity Cyber Insurance Insurance Social Engineering 98

Duo's Security Blog

MAY 23, 2023

In our previous two features, we covered the dangers of phishing (one method of credential compromise) and how to mitigate its impact on users. The answer, like most other cybersecurity-adjacent answers, lies in a combination of factors including social engineering , weak passwords, and other risky security moves or attacks.

Authentication 144

Authentication Passwords Data breaches Phishing 144

Digital Shadows

JANUARY 14, 2025

Educating users to prevent common phishing attacks and auditing external-facing assets for vulnerabilities can help block LockBits likely tactics. By mid-2024, Scattered Spiders hallmark tactics, including social engineering and SIM-swapping, were evident in RansomHubs double extortion attacks, cementing their collaboration.

Ransomware 126

Ransomware Social Engineering Phishing VPN 126

Krebs on Security

DECEMBER 29, 2022

The unknown intruders gained access to internal Mailchimp tools and customer data by social engineering employees at the company, and then started sending targeted phishing attacks to owners of Trezor hardware cryptocurrency wallets. It emerges that email marketing giant Mailchimp got hacked.

Cryptocurrency 292

Cryptocurrency Cybercrime Computers and Electronics Scams 292

The Last Watchdog

DECEMBER 3, 2018

Office of Personnel Management , I’ve had insurance coverage from Premera Blue Cross and I’ve stayed at the Marriott Marquis in San Francisco. I have a Yahoo email account, I’ve shopped at Home Depot and Target , my father was in the military and had a security clearance, which included a dossier on his family, archived at the U.S.

Hacking 157

Hacking eCommerce Authentication Social Engineering 157

Adam Levin

MARCH 16, 2020

Consider that the average cost for a ransomware attack against a business is about $4,400, and your run of the mill phishing incident weighs in at a much less hefty $500. So Isn’t BEC Just Another Form of Phishing? That is exponentially more expensive than other cyber events. billion in BEC scam-related losses the year before.

Scams 130

Scams Identity Theft Phishing Accountability 130

Digital Shadows

OCTOBER 14, 2024

Together, they use native English speakers to execute sophisticated social engineering operations, contributing significantly to their newfound dominance. To counter these methods, organizations should prioritize educating users on phishing and social engineering techniques. compared to Q3 2023.

Ransomware 94

Ransomware Social Engineering Insurance Cyber Insurance 94

BH Consulting

OCTOBER 6, 2022

Is it just us, or is phishing everywhere right now? Banks and insurance companies are telling customers to be wary of scam messages. Social engineering techniques, such as phishing, target not the systems but the people using them. A copywriter by trade, Nick looked at phishing messages with his professional eye.

Security Awareness 52

Security Awareness Phishing Scams Social Engineering 52

SecureWorld News

MAY 11, 2023

Cybercriminals can use AI to develop more sophisticated and effective attack methods, such as spear-phishing or social engineering attacks. The algorithms used in AI systems can perpetuate biases and discriminatory practices, leading to unfair treatment of individuals or groups. AI can be used for malicious purposes.

Cybersecurity 132

Cybersecurity Artificial Intelligence Threat Detection Risk 132

Responsible Cyber

NOVEMBER 17, 2024

60% of providers reported ongoing challenges with insurance coverage verification, while 86% experienced disruptions in claim submissions. 57% of organizations face weekly or daily phishing attempts, while injection attacks have become increasingly prevalent. healthcare system. healthcare system. billion by Q3 2024.

Data breaches 98

Data breaches Healthcare Social Engineering Financial Services 98

Security Affairs

AUGUST 13, 2020

Since then, it has conducted 26 targeted attacks on commercial organizations alone, including companies in the fields of construction , finance , consulting , retail , banking , insurance , law ,and travel. As with all subsequent campaigns, the initial compromise vector was a well-written phishing email. Who are you, Mr. Pentester?

Phishing 145

Phishing Social Engineering Banking Advertising 145

eSecurity Planet

JUNE 7, 2022

It needs to be maintained for various types of cyber threats like Ransomware, Malware, Social Engineering, and Phishing. Businesses have to comply with legal, insurance, and industry regulations for data storage, management, and transmission. are the different parts of cybersecurity. Improved Data Security.

Cybersecurity 127

Cybersecurity Identity Theft Encryption Antivirus 127

NopSec

FEBRUARY 15, 2017

Do you feel confident that everyone in your organization could identify a phishing email that contained ransomware? In today’s post, we share information with the goal that it will help everyone in your organization protect themselves from phishing attacks.

Phishing 40

Phishing Social Engineering Engineering Healthcare 40