IT Security Guru

JUNE 28, 2022

As cybercrime infects every facet of our daily lives, and technological advancements do little to stop the spread, many security professionals are turning to traditional solutions for a very modern problem. Enter cyber insurance. We insure almost everything – our homes, our cars, even our lives. It didn’t take off.

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Cyber Insurance Insurance Small Business Marketing 143

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 125

CyberSecurity Insiders

DECEMBER 9, 2021

Lloyd’s of London Insurance, simply known as Lloyd’s Insurance, has released a media update that it will no longer cover losses that were incurred because of cyber wars among nations. The post Insurance company says it will no longer cover state funded Cyber Attacks appeared first on Cybersecurity Insiders.

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Insurance Cyber Attacks Cyber Insurance Manufacturing 134

Centraleyes

DECEMBER 16, 2024

As we approach 2025, the cybersecurity landscape is evolving rapidly, shaped by technological advancements, regulatory shifts, and emerging threats. By 2027, 75% of employees are expected to acquire or modify technology outside of ITs control, up from 41% in 2022. To keep up, organizations must stay ahead of these developments.

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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

Schneier on Security

NOVEMBER 13, 2020

If you want your insurance company to have access to your fitness data, you grant it through your pod. This is a significant step forward to realizing Tim’s vision : The technologies we’re releasing today are a component of a much-needed course correction for the web. It’s yours.

Insurance 357

Insurance IoT Healthcare Technology 357

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.

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Cyber Insurance Insurance Ransomware Marketing 136

Krebs on Security

AUGUST 14, 2020

The “RCM” portion of its name refers to “revenue cycle management,” an industry which tracks profits throughout the life cycle of each patient, including patient registration, insurance and benefit verification, medical treatment documentation, and bill preparation and collection from patients.

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Ransomware Healthcare Insurance Phishing 363

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. Here, cyber insurance serves as an invaluable safety net by offering essential financial coverage and support services in the event of a ransomware attack occurring.

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Cyber Insurance Insurance Ransomware Risk 111

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.

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Cyber Insurance Insurance Risk CISO 105

Krebs on Security

JANUARY 29, 2021

The unprecedented volume of unemployment insurance fraud witnessed in 2020 hasn’t abated, although news coverage of the issue has largely been pushed off the front pages by other events. Another 17 percent of claims — nearly $20 billion more – are suspected fraud. In a notice posted Jan. 28 , the U.S.

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Insurance Identity Theft Accountability Mobile 336

Malwarebytes

APRIL 29, 2024

Health insurance giant Kaiser has announced it will notify millions of patients about a data breach after sharing patients’ data with advertisers.

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Advertising Insurance Mobile Data breaches 121

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 362

Insurance Identity Theft Accountability Technology 362

Adam Levin

SEPTEMBER 4, 2019

According to a representative of Euler Hermes Group SA, the firm’s insurance company, the CEO was targeted by a new kind of scam that used AI-enhanced technology to create an audio deepfake of his employer’s voice.

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Scams Artificial Intelligence Insurance Technology 233

Schneier on Security

FEBRUARY 21, 2020

If you want your insurance company to have access to your fitness data, you grant it through your pod. Building a secure technical infrastructure is largely about policy, but there's also a wave of technology that can shift things in one direction or the other. Solid is one of those technologies. It's yours.

IoT 362

IoT Internet Internet Technology 362

Krebs on Security

APRIL 15, 2019

Indian information technology (IT) outsourcing and consulting giant Wipro Ltd. [ NYSE:WIT ] is investigating reports that its own IT systems have been hacked and are being used to launch attacks against some of the company’s customers, multiple sources tell KrebsOnSecurity. On Friday, Apr. “A total of 44.4

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Insurance Healthcare Technology Cyber threats 279

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 349

Security Boulevard

SEPTEMBER 6, 2024

A warranty tied to a comprehensive security solution supports this approach, providing both technological protection and financial assurance. The post Cyber Insurers Are Not Your Friend – Why a Warranty May Be a Better Option appeared first on Security Boulevard.

Cyber Insurance 75

Cyber Insurance Insurance CISO Technology 75

Hacker's King

DECEMBER 24, 2024

With the advent of new technologies and rising cyber threats , 2025 promises significant shifts in the cybersecurity domain. Hackers with access to quantum technology could potentially break existing cryptographic protocols, necessitating the development of quantum-resistant encryption.

Cybersecurity 59

Cybersecurity Cyber Insurance IoT Insurance 59

Krebs on Security

DECEMBER 7, 2019

based Complete Technology Solutions (CTS), was hacked, allowing a potent strain of ransomware known as “Sodinokibi” or “rEvil” to be installed on computers at more than 100 dentistry businesses that rely on the company for a range of services — including network security, data backup and voice-over-IP phone service. .

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Ransomware Backups Insurance Wireless 247

Krebs on Security

MARCH 2, 2021

PrismHR , a company that sells technology used by other firms to help more than 80,000 small businesses manage payroll, benefits, and human resources, has suffered what appears to be an ongoing ransomware attack that is disrupting many of its services. Hopkinton, Mass.-based PrismHR has not yet responded to requests for comment.

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Ransomware Small Business Insurance Software 338

Malwarebytes

FEBRUARY 4, 2025

A paradigm shift in technology is hurtling towards us, and it could change everything we know about cybersecurity. When ChatGPT was unveiled to the public in late 2022, security experts looked on with cautious optimism, excited about the new technology but concerned about its use in cyberattacks. Uhh, again, that is.

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Artificial Intelligence Small Business Malware Technology 144

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

Adam Levin

MARCH 18, 2020

While the transition to remote appointments may help flatten the curve of Covid-19 cases and provide much-needed relief to medical professionals, it does create a new set of cybersecurity concerns, especially regarding compliance with the Health Insurance Portability and Accountability Act (HIPAA ).

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Insurance Healthcare Accountability Technology 243

Security Affairs

FEBRUARY 6, 2021

Packaging giant WestRock revealed this week that the recent ransomware attack impacted the company’s IT and operational technology (OT) systems. ” WestRock confirmed that it has cyber insurance business interruption insurance.

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Ransomware Insurance Cyber Insurance Technology 145

Krebs on Security

NOVEMBER 14, 2024

for stealing data on nearly 10 million customers of the Australian health insurance giant Medibank. “My nickname was MikeMike, and I worked with Dmitri Golubov and made technologies for him,” Shefel said. “I’m also godfather of his second son.” ” Dmitri Golubov, circa 2005. Image: U.S.

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Retail Advertising Cryptocurrency Marketing 255

Malwarebytes

JANUARY 20, 2025

The intermediaries claimed they used advanced algorithms, artificial intelligence, and other technologies, along with personal information about consumers to determine targeted prices. FTC chair Lina M.

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Surveillance Artificial Intelligence Consumer Protection Retail 120

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.

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Malware Insurance Cyber Insurance Small Business 189

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

eSecurity Planet

MARCH 17, 2025

Since its emergence in 2021, Medusa has targeted over 300 victims across various critical infrastructure sectors, including medical, education, legal, insurance, technology, and manufacturing. What is Medusa ransomware?

Ransomware 76

Ransomware Backups Firmware Insurance 76

SecureWorld News

JANUARY 7, 2024

The integration of Governance, Risk, and Compliance (GRC) strategies with emerging technologies like Artificial Intelligence and the Internet of Things are reshaping the corporate risk landscape. In recent years, these programs have become even more effective thanks to technology such as artificial intelligence.

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IoT Technology Artificial Intelligence Government 99

Adam Levin

JUNE 4, 2021

Manage the damage: Plan ahead in the event of a successful cyberattack and have a cyber liability insurance plan to help offset the costs. . Monitor networks and accounts: Unusual activity may be a sign that a cyberattack is underway. The post Anti-Ransomware Company Exagrid Pays $2.6 Million Ransom appeared first on Adam Levin.

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Ransomware Backups Insurance Healthcare 289

Daniel Miessler

MARCH 20, 2022

The ideas will cover multiple aspects of InfoSec, from organizational structure to technology. Technology. In the next 15-30 years we’ll see a move from wizardry to accounting—and a much more Operational Technology approach to the discipline in general. Technology. Insurance companies. Introduction.

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Krebs on Security

DECEMBER 8, 2022

The CLOP members said one tried-and-true method of infecting healthcare providers involved gathering healthcare insurance and payment data to use in submitting requests for a remote consultation on a patient who has cirrhosis of the liver. As noted in last year’s story Don’t Wanna Pay Ransom Gangs? ” . ”

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Healthcare Backups Ransomware Insurance 324

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.

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Cyber Risk Risk Insurance Cyber Insurance 110

Krebs on Security

FEBRUARY 7, 2022

as a condition of receiving state or federal financial assistance, such as unemployment insurance, child tax credit payments, and pandemic assistance funds. In the face of COVID, dozens of states collectively lost tens of billions of dollars at the hands of identity thieves impersonating out-of-work Americans seeking unemployment insurance.

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Insurance Government Authentication Accountability 251

Security Boulevard

SEPTEMBER 3, 2022

The financial services industry – from retail banking to insurance – is facing challenges from multiple different channels: from competitive pressure and regulation to the evolving security landscape.

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Authentication Financial Services Retail Insurance 138