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).

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Insurance Data collection Authentication Technology 124

CSO Magazine

APRIL 20, 2023

Cyber insurance provider At-Bay has announced the launch of a new InsurSec solution to help small-to-mid sized businesses (SMBs) improve their security and risk management postures through their insurance policy. The emergence of InsurSec technology reflects a cyber insurance landscape that has seen significant change recently.

Cyber Insurance 105

Cyber Insurance Insurance Risk CISO 105

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 129

Cyber Insurance Insurance Cyber Attacks Ransomware 129

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 105

IT Security Guru

DECEMBER 5, 2022

Everyone in the cyber insurance industry or trying to get cyber insurance today knows that using multifactor authentication (MFA) is an absolute make-or-break requirement for getting a cyber insurance policy; or if you can get a policy without MFA, you will pay a hefty increased premium for the same amount of coverage.

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Insurance Cyber Insurance Phishing Education 126

Adam Levin

MAY 19, 2021

An undergraduate student at Rochester Institute of Technology named Bill Demirkapi discovered the most recent security failure. Many companies now offer insurance policies that can help you recoup lost money, and even help you through the reporting and recovery process.

Risk 218

Risk Identity Theft Data breaches VPN 218

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.

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Insurance Cybersecurity Cyber Insurance Government 126

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 94

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

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

Krebs on Security

APRIL 28, 2021

Bill Demirkapi , an independent security researcher who’s currently a sophomore at the Rochester Institute of Technology , said he discovered the data exposure while shopping around for student loan vendors online. Geico said the data was used by thieves involved in fraudulently applying for unemployment insurance benefits.

Insurance 363

Insurance Identity Theft Accountability Technology 363

eSecurity Planet

FEBRUARY 11, 2022

Risk management is a concept that has been around as long as companies have had assets to protect. The simplest example may be insurance. Life, health, auto, and other insurance are all designed to help a person protect against losses. What is Cybersecurity Risk Management? Setting Up Your Risk Management System.

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Risk Cybersecurity Encryption Technology 130

CyberSecurity Insiders

AUGUST 26, 2022

Lloyd’s London, one of the largest insurance services providers in the world, has disclosed that it is making amendments to its cyber insurance laws that will come into effect from March 2023. All insurance companies exclude the risks inferred from war like situations.

Cyber Insurance 90

Cyber Insurance Insurance Cyber Attacks Risk 90

Malwarebytes

JULY 10, 2022

Without cyber insurance , you can expect to pay a dizzying amount of cash. In 2022 alone, the average cost of a data breach for businesses under 1,000 employees was close to $3 million—and these costs are coming from activities that cyber insurers typically cover, such as detecting and responding to the breach. Fixed rate.

Cyber Insurance 95

Cyber Insurance Insurance Data breaches Phishing 95

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 91

Cyber Risk Risk Insurance Cyber Insurance 91

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. “COVID-19 extended the life of these companies and technologies, and that’s unfortunate.”

Risk 243

Risk VPN Internet Internet 243

Adam Levin

JUNE 4, 2021

Practice the 3Ms: Minimize your risk of exposure: Don’t take unnecessary risks and invest in cyber defenses and education. Manage the damage: Plan ahead in the event of a successful cyberattack and have a cyber liability insurance plan to help offset the costs. .

Ransomware 289

Ransomware Backups Insurance Healthcare 289

Adam Levin

MARCH 18, 2020

“The current pandemic is pushing the entire medical industry to minimize risk,” he added. In response to this potential problem, the department of Health and Human Services has waived penalties and loosened some of the requirements of the act. “A

Insurance 243

Insurance Healthcare Accountability Technology 243

Schneier on Security

JULY 25, 2024

In information technology, brittleness also results from the fact that hundreds of companies, none of which you;ve heard of, each perform a small but essential role in keeping the internet running. Insurance blunts financial losses.) We need deep complexity in our technological systems, and that will require changes in the market.

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Marketing Software Internet Internet 321

SC Magazine

MAY 19, 2021

Today’s special columnist, Scott Register of Keysight Technologies, says government and industry must come together to secure the nation’s critical infrastructure in the wake of the Colonial Pipeline hack. That in itself has evolved, as insurers and insured learn just how expensive that fallout can be.

Insurance 102

Insurance Cyber Insurance Marketing Ransomware 102

SecureWorld News

JANUARY 31, 2024

Cyber risk is an existential issue for companies of all sizes and in all industries. The integration of technology and automation, and related collection, use, and sharing of information into everyday business practices presents an enormous opportunity for efficiency and precision, especially in the real estate sector.

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Risk Cyber Insurance Insurance Data breaches 83

Dark Reading

NOVEMBER 16, 2023

Organizations are also looking at threat intelligence, risk assessment, cyber insurance, and third-party risk management.

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Cyber Insurance Technology Insurance Cybersecurity 93

Centraleyes

DECEMBER 16, 2024

As we approach 2025, the cybersecurity landscape is evolving rapidly, shaped by technological advancements, regulatory shifts, and emerging threats. Tools like ChatGPT and Bard, powered by large language models, showcase how generative AI transforms business processesbut they also pose new risks. The challenge?

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Cybersecurity Insurance Cyber Insurance Risk 98

The Last Watchdog

JANUARY 30, 2019

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

Cyber Risk 147

Cyber Risk Risk Financial Services Banking 147

The Last Watchdog

AUGUST 1, 2023

1, 2023 – Guardz , the cybersecurity company securing and insuring SMEs, today disclosed the existence of a Hidden Virtual Network Computing (hVNC) malware targeting macOS devices. hVNC is a nefarious variation of this technology, typically distributed through attack vectors such as email attachments, malicious websites, or exploit kits.

Malware 189

Malware Insurance Cyber Insurance Small Business 189

The Last Watchdog

JUNE 2, 2022

Third-Party Risk Management ( TPRM ) has been around since the mid-1990s – and has become something of an auditing nightmare. Related: A call to share risk assessments. This is because third-party risk has become a huge problem for enterprises in the digital age. Cyber risks profiling. This alone was a huge improvement.

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Cyber Risk Risk Digital transformation Insurance 266

eSecurity Planet

AUGUST 27, 2021

In a developing market, third-party risk management (TPRM) software and tools could be the answer to helping organizations fill the gap. This article looks at the top third-party risk management vendors and tools and offers a look into TPRM solutions and what buyers should consider before purchasing. Aravo TPRM.

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Risk Marketing Software Cybersecurity 131

Security Boulevard

AUGUST 31, 2021

Organizations around the world must fulfill an increasing number of regulatory requirements including NIST, Sarbanes-Oxley Act (SOX), Health Insurance Portability and Accountability Act (HIPAA), Payment Card Industry Data Security Standard (PCI-DSS) and General Data Protection Regulation (GDPR) as well as federal and state data breach laws.

Risk 114

Risk Data breaches Healthcare Financial Services 114

The Last Watchdog

AUGUST 8, 2022

Our technological world is advancing at dizzying speeds. Add in an increasing focus on data becoming a crucial enterprise asset—as well as the introduction of countless database and analytical tools, digital twins, artificial intelligence, and machine learning—and we are dealing with unprecedented technical complexities and risk.

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Artificial Intelligence Cyber Insurance Risk Telecommunications 214

The Last Watchdog

APRIL 30, 2019

Prior to launching CyberSaint, Wrenn was CSO of Schneider Electric, a supplier of technologies used in industrial control systems. The participation led to the idea behind CyberSaint The company supplies a platform, called CyberStrong, that automatically manages risk and compliance assessments across many types of frameworks.

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Cybersecurity Insurance Cyber Insurance Risk 173

The Last Watchdog

DECEMBER 18, 2023

18, 2023 – Salvador Technologies , the pioneering cyber-attack recovery platform provider for critical infrastructures and industrial organizations, today announced that it has secured $6m in funding. Rehovot, Israel Dec.

Technology 100

Technology Cyber Attacks Artificial Intelligence Manufacturing 100

Krebs on Security

AUGUST 3, 2020

The Blacklist Alliance provides technologies and services to marketing firms concerned about lawsuits under the Telephone Consumer Protection Act (TCPA), a 1991 law that restricts the making of telemarketing calls through the use of automatic telephone dialing systems and artificial or prerecorded voice messages.

Mobile 337

Mobile Marketing Consumer Protection Wireless 337

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). “But that critical separation is violated every day with the CISO or CSO reporting to the heads of technology.”

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CSO CISO Insurance Risk 217

Security Boulevard

JANUARY 18, 2024

Cybersecurity risks increase every year and bludgeon victims who fail to prepare properly. For those interested in a better understanding of the oncoming risks, this is the information you are looking for. It can feel like crossing a major highway while blindfolded. Many never see the catastrophe about to happen, until it occurs.

Risk 115

Risk Cybersecurity CISO Technology 115

Security Boulevard

OCTOBER 16, 2024

Financial services and insurance sectors are particularly vulnerable due to the increasing number of APIs they need to manage. According to Salt Security’s latest report, over 50% of financial services and insurance organizations manage more than 500 APIs for development, delivery, and integration, which is a significant amount to secure.

Insurance 69

Insurance Financial Services Digital transformation Cloud Migration 69

The Last Watchdog

APRIL 8, 2024

Related: The ‘cyber’ case for D&O insurance Vanessa Pegueros knows this all too well. She serves on the board of several technology companies and also happens to be steeped in cyber risk governance. Pigueros: Compliance is not going to fix all the security risks.

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CISO Risk Cybersecurity Insurance 210

Centraleyes

MARCH 25, 2024

Let’s discuss an acronym reshaping the business world: Vendor Risk Management , or VRM. With supply chains extending across multiple regions and involving numerous third-party vendors, organizations face unprecedented challenges in managing vendor risks effectively. What risks are you facing?

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Risk Data collection Architecture Government 111