Adam Shostack

JANUARY 2, 2025

The first part of the talk puts threat modeling in context for engineering secure systems, while the second part considers why we do what we do and asks some questions about how we think about risk. The biggest of those questions starts from the observation that many of the ways weve learned to use math in risk involve iteration.

Risk 130

Risk Insurance Engineering Marketing 130

Schneier on Security

JANUARY 25, 2022

The insurance company Ace American has to pay for the losses: On 6th December 2021, the New Jersey Superior Court granted partial summary judgment (attached) in favour of Merck and International Indemnity, declaring that the War or Hostile Acts exclusion was inapplicable to the dispute. Merck suffered US$1.4 Merck suffered US$1.4

Insurance 218

Insurance Cyber Attacks Government Malware 218

The Last Watchdog

JANUARY 20, 2020

To help mitigate the risk of financial losses, more companies are turning to cyber insurance. Related: Bots attack business logic Cyber insurance, like other forms of business insurance, is a way for companies to transfer some of numerous potential liability hits associated specifically with IT infrastructure and IT activities.

Cyber Insurance 222

Cyber Insurance Insurance Data breaches Risk 222

Lohrman on Security

JANUARY 8, 2023

There are dark clouds on the horizon as well as conflicting forecasts regarding cyber insurance in 2023 and beyond. Where will the insurance market go from here on cybersecurity coverage?

Cyber Insurance 278

Cyber Insurance Cyber Attacks Insurance Risk 278

Security Boulevard

NOVEMBER 12, 2024

National insurance firm Crum and Forster is offering a professional liability program for CISOs who are facing growing regulatory pressures and sophisticate cyberattacks but often are not covered by their organizations' D&O policies. The post Insurance Firm Introduces Liability Coverage for CISOs appeared first on Security Boulevard.

Insurance 80

Insurance CISO Risk Government 80

We Live Security

JULY 31, 2024

Many smaller organizations are turning to cyber risk insurance, both to protect against the cost of a cyber incident and to use the extensive post-incident services that insurers provide

Cyber Risk 131

Cyber Risk Insurance Risk 131

The Last Watchdog

JULY 27, 2023

New York, NY, July 27, 2023 – QBE North America today announced the launch of a cyber insurance program with new MGA, Converge, acting as program administrator. Tom Kang, CEO, Converge, added, “We’re thrilled to partner with QBE North America given their experience and reputation in the cyber insurance market.

Cyber Insurance 188

Cyber Insurance Insurance Cyber Risk Small Business 188

Digital Shadows

JANUARY 22, 2025

Were thrilled to unveil our latest threat landscape report for the finance and insurance sector, offering in-depth analysis of the evolving cyber threats facing this industry. AI Model Poisoning Risks AI-driven fraud detection systems will face increasing threats from model poisoning attacks aimed at enabling large-scale fraud.

Insurance 65

Insurance Phishing Social Engineering Engineering 65

Tech Republic Security

SEPTEMBER 6, 2024

Tenable's research reveals 26,500 cyber vulnerabilities in Southeast Asia's banking and insurance sectors, exposing critical security risks.

Banking 180

Banking Risk Insurance Financial Services 180

Security Boulevard

JULY 24, 2024

Taking a risk-based approach to cyber risk and quantifying cyber risk empowers businesses to truly focus on mitigating the risks that really matter. The post Cyber Insurance Market Evolves as Threat Landscape Changes appeared first on Security Boulevard.

Cyber Insurance 120

Cyber Insurance Insurance Marketing Cyber Risk 120

Schneier on Security

FEBRUARY 13, 2019

Zurich Insurance has refused to pay Mondelez International's claim of $100 million in damages from NotPetya. Those turning to cyber insurance to manage their exposure presently face significant uncertainties about its promise. Yet no cyber insurance policies cover this entire spectrum. I had not heard about this case before.

Cyber Insurance 233

Cyber Insurance Insurance Cyber Risk Risk 233

IT Security Guru

JUNE 28, 2022

Enter cyber insurance. We insure almost everything – our homes, our cars, even our lives. At first glance, it seems odd that most businesses don’t insure against something as potentially devastating as cybercrime. Unfortunately, transferring traditional insurance models to the cyber-sphere isn’t an easy task.

Cyber Insurance 143

Cyber Insurance Insurance Small Business Marketing 143

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. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

Cyber Risk 189

Cyber Risk Risk Insurance Energy and Utilities 189

Malwarebytes

JANUARY 24, 2025

Only recently we reported how the Attorney General also went after the buyers of data like insurance company Allstate and its subsidiary Arity. Arity acts as a data broker which sold insurers the information to set prices on insurance premiums.

Manufacturing 118

Manufacturing Insurance Data collection Data privacy 118

Krebs on Security

OCTOBER 1, 2020

In addition, insurance providers often help facilitate the payments because the amount demanded ends up being less than what the insurer might have to pay to cover the cost of the affected business being sidelined for days or weeks at a time. jurisdiction) and making it a crime to transact with them.

Ransomware 363

Ransomware Cyber Insurance Insurance Cybercrime 363

Krebs on Security

JUNE 18, 2021

The SEC says First American derives nearly 92 percent of its revenue from its title insurance segment, earning $7.1 Title insurance protects homebuyers from the prospect of someone contesting their legitimacy as the new homeowner. Title insurance is not mandated by law, but most lenders require it as part of any mortgage transaction.

Insurance 333

Insurance Risk Financial Services CISO 333

The Last Watchdog

NOVEMBER 12, 2024

Unisys, for instance, was found to have framed cyber risks hypothetically even though its systems had already been breached, exfiltrating gigabytes of data. But the SEC’s latest actions underscore that failing to inform stakeholders about material risks and breaches is not an option. Want to stay out of trouble?

CISO 263

CISO CSO Risk Cyber threats 263

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. Sarah Neild, head of U.K.

Cyber Insurance 115

Cyber Insurance Insurance Cyber Risk Marketing 115

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. However, just as the threats evolve, so too does the cost of protection, with the global cyber insurance market projected to balloon to a staggering $90.

Cyber Insurance 122

Cyber Insurance Insurance Cyber Risk Data breaches 122

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

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 124

Insurance Data collection Authentication Technology 124

We Live Security

JUNE 26, 2024

Why organizations of every size and industry should explore their cyber insurance options as a crucial component of their risk mitigation strategies

Cyber Insurance 124

Cyber Insurance Insurance Cyber threats Risk 124

Javvad Malik

AUGUST 22, 2022

Lloyds of London has told its members to exclude nation state cyber attacks from insurance policies beginning in 2023, saying they pose unacceptable levels or risk. Knowing how most other forms of insurance works, the burden of proof may lie on the victim to prove that the attack wasn’t a nation state attacker.

Insurance 145

Insurance Cyber Attacks Social Engineering Cyber Insurance 145

CSO Magazine

JUNE 14, 2023

Finding the right insurance has become a key part of the security equation, which is no surprise given that the average cost of a data breach in the US has risen to $9.44 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 billion by 2030.

Insurance 121

Insurance Data breaches Cyber Insurance Marketing 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.

Cyber Insurance 113

Cyber Insurance Insurance Ransomware Risk 113

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. In a recent survey, 93% of respondents admitted to knowingly increasing their companys cybersecurity risks. The challenge? Securing these AI models and the data they generate.

Cybersecurity 98

Cybersecurity Insurance Cyber Insurance Risk 98

Malwarebytes

NOVEMBER 12, 2024

So, even if a company has good intentions, there is still a risk of your genetic data being linked to your personally identifiable information (PII). This makes the information a treasure trove for advertisers, insurance companies, and Big Pharma. Data breaches happen to the best companies. I honestly hope they’re right.

Insurance 145

Insurance Accountability Risk Data breaches 145

SecureWorld News

MAY 1, 2024

Department of the Treasury's Federal Insurance Office (FIO) announced a major new initiative this week to improve the insurance industry's capabilities around modeling and underwriting terrorism and catastrophic cyber risks.

Cyber Risk 113

Cyber Risk Risk Insurance Cyber Insurance 113

Security Boulevard

JUNE 16, 2024

Cyber insurance and cybersecurity, when combined, can provide a powerful combination of protection and risk management. The post The Seven Things You Need to Know About Cyber Insurance appeared first on Security Boulevard.

Cyber Insurance 109

Cyber Insurance Insurance Risk Cybersecurity 109

We Live Security

OCTOBER 8, 2024

Could human risk in cybersecurity be managed with a cyber-rating, much like credit scores help assess people’s financial responsibility?

Cyber Insurance 119

Cyber Insurance Risk Insurance Cybersecurity 119

Security Affairs

JANUARY 6, 2024

Merck has resolved a dispute with insurers regarding a $1.4 Merck and its insurers have agreed with a $1.4 billion insurance claim for the losses caused by the NotPetya attack that took place in 2017. Merck had not taken out specific insurance to cover cyber attacks, it only had insurance coverage against general risks.

Insurance 130

Insurance Manufacturing Ransomware Healthcare 130

Joseph Steinberg

JUNE 15, 2021

.” Of course, even organizations that spend a billion dollars per year on cybersecurity are not immune to breaches – which is why financial institutions also utilize other cyber-risk management techniques, including implementing robust disaster recovery plans, and obtaining appropriate cyber-liability insurance.

Cybersecurity 364

Cybersecurity Artificial Intelligence Banking Insurance 364

Adam Levin

MAY 19, 2021

Many companies now offer insurance policies that can help you recoup lost money, and even help you through the reporting and recovery process. Follow the three Ms: Minimize your risk: Don’t provide any more information than necessary to third-parties; be especially careful with sensitive data such as your Social Security number.

Risk 218

Risk Identity Theft Data breaches VPN 218

The Last Watchdog

MAY 10, 2021

With RSA Conference 2021 technical sessions getting underway today, I sat down with Fred Kneip, CEO of CyberGRX , to hash over the notion that a lot of good could come from more systematic sharing of the risk profiles that large enterprises routinely compile with respect to their third-party contractors. Crowdsourcing risk profiles.

Risk 195

Risk Cyber Risk Insurance Banking 195

Krebs on Security

JUNE 15, 2023

TechCrunch has been tracking the fallout from victim organizations , which range from banks and insurance providers to universities and healthcare entities. MOVEit parent Progress Software has since released security updates to address the weakness, but Cl0p claims to have already used it to compromise hundreds of victim organizations.

Risk 269

Risk VPN Internet Internet 269

Malwarebytes

JANUARY 6, 2025

Westend Dental agreed to settle several violations of the Health Insurance Portability and Accountability Act (HIPAA) in a penalty of $350,000. Nothing showed evidence that a HIPAA-compliant risk analysis had ever been conducted (lists of usernames and passwords in plain text on the compromised server).

Data breaches 145

Data breaches Ransomware Passwords Insurance 145

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