Security Affairs

NOVEMBER 20, 2021

banking regulators have approved a new rule that orders banks to notify federal regulators of significant cybersecurity incidents within 36 hours. banking regulators this week approved a rule that obliges banks to report any major cybersecurity incidents to the government within 36 hours of discovery. Pierluigi Paganini. The post U.S.

Cybersecurity 363

Cybersecurity Financial Services Insurance Ransomware 363

Security Affairs

APRIL 22, 2022

When security fails, cyber insurance can become crucial for ensuring continuity. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance. If the technology were to become unavailable, the resulting business impact could be mitigated with cyber insurance.

Insurance 251

Insurance Risk Cybersecurity Ransomware 251

Security Affairs

APRIL 23, 2023

Non-profit health insurer Point32Health suffered a ransomware attack and has taken systems offline in response to the incident. Non-profit health insurer Point32Health has taken systems offline in response to a ransomware attack that took place on April 17. ” reads the statement published by the insurer.

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Insurance Ransomware Cybersecurity Education 246

Security Affairs

OCTOBER 25, 2024

“Change Healthcare can confirm we are experiencing a cybersecurity issue perpetrated by a cybercrime threat actor who has represented itself to us as ALPHV/Blackcat.” On February 21, a cyber attack disrupted IT operation of the healthcare organization, more than 100 Change Healthcare applications were impacted.

Data breaches 318

Data breaches Ransomware Insurance Cybersecurity 318

Security Affairs

APRIL 16, 2025

Due to the complexity of the files, the Company engaged cybersecurity data mining experts to evaluate the exfiltrated data and was recently informed of its nature, scope and validity, confirming that the data sets contained a significant number of individuals personal information associated with our clients’ end-users.”

Data breaches 265

Data breaches Government Business Services Personal data 265

Data Breach Today

JULY 23, 2020

Company Could Be Fined $1,000 for Each Violation of State Cybersecurity Law The New York State Department of Financial Services has filed civil charges against First American Title Insurance Co., which has been accused of exposing hundreds of millions of documents that contained customers' mortgage and personal data.

Insurance 231

Insurance Financial Services Personal data Cybersecurity 231

Data Breach Today

SEPTEMBER 3, 2019

Security Experts Express Skepticism That Criminals Would Bother Do criminal organizations prefer to target organizations that hold cyber insurance policies? A ProPublica report suggests that because cyber insurance policyholders are more likely to pay ransoms, they're a more frequent target.

Insurance 212

Insurance Ransomware Cybersecurity Security 212

Security Affairs

NOVEMBER 6, 2018

Group-IB and Swiss insurance broker ASPIS that owns CryptoIns project, have developed the world’s first scoring model for assessing cryptocurrency exchanges. According to CryptoIns analysts, the crypto assets insurance market is expected to reach $7 billion by 2023. Why do crypto exchanges’ users need insurance?

Insurance 232

Insurance Risk Marketing Cybersecurity 232

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.

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Insurance Data breaches Cybersecurity Risk 222

Security Affairs

DECEMBER 16, 2024

ConnectOnCall hired cybersecurity experts, took its product offline, and began restoring it in a secure environment. Federal law enforcement was also notified. ” reads the Notice of Data Security Incident. . ” reads the Notice of Data Security Incident.

Data breaches 268

Data breaches Communications Insurance Cybersecurity 268

Security Affairs

DECEMBER 4, 2024

In May, the FBI, CISA, HHS, and MS-ISAC issued a joint Cybersecurity Advisory (CSA) regarding the Black Basta ransomware activity as part of the StopRansomware initiative. As proof of the data breach, the group published multiple screenshots, including pictures of passports and other documents. reads the CSA.

Ransomware 311

Ransomware Blockchain Insurance Data breaches 311

Data Breach Today

MAY 14, 2024

Firms Back New Guidance for Victims From UK's National Cyber Security Centre A coalition of cyber insurance associations has pledged to back fresh government cybersecurity guidance designed to help victims avoid ever paying a ransom, as part of an ongoing push to reduce ransomware's profitability for criminals in part by improving organizations' resilience (..)

Insurance 189

Insurance Ransomware Cybersecurity Government 189

The Last Watchdog

DECEMBER 18, 2024

Wojtasiak Mark Wojtasiak , VP of Research and Strategy, Vectra AI In the coming year, well see the initial excitement that surrounded AIs potential in cybersecurity start to give way due to a growing sense of disillusionment among security leaders. The SEC Cybersecurity Disclosure Rule highlights transparency in governance.

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Compliance Cybersecurity Risk Privacy 130

Security Affairs

JANUARY 9, 2025

Immediately after discovering the security breach, the company started the investigation with the help of a cybersecurity forensic firm. Upon discovering the suspicious activity, Medusind took the affected systems offline and hired a leading cybersecurity forensic firm to conduct an investigation.”

Data breaches 176

Data breaches Insurance Ransomware Information governance 176

Data Breach Today

OCTOBER 19, 2022

Australian Insurance Firm 'Working Urgently' to Verify Theft Claim Australian health insurer Medibank says it received a ransomware demand from hackers asserting to have stolen data during a cybersecurity incident the company detected on Oct.

Insurance 319

Insurance Ransomware Cybersecurity IT 319

Data Breach Today

JUNE 15, 2023

"Insurance is a tool," said Libby Benet, the global chief underwriting officer for AXA XL. When you buy an insurance policy, you are buying a network of professional crisis managers." In this episode of "Cybersecurity Insights," Benet discussed present and future cybersecurity insurance issues.

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Insurance Cybersecurity 147

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.

Insurance 188

Insurance Risk Retail Marketing 188

Data Breach Today

SEPTEMBER 5, 2024

New EU Rules Focus on Operational Resilience, Breach Reporting and Third-Party Risk The Digital Operational Resilience Act aims to reshape the financial services industry by introducing strict cybersecurity standards. 17, 2025, or face severe penalties, said Richard Breavington, head of cyber and tech insurance at RPC.

Cybersecurity 189

Cybersecurity Financial Services Insurance Risk 189

Security Affairs

FEBRUARY 6, 2021

In response to the security breach, the company proactively shut down certain systems and is implementing new measures to enhance its cybersecurity posture. ” WestRock confirmed that it has cyber insurance business interruption insurance. Meantime the staff is performing some tasks manually until all systems are restored.

Ransomware 363

Ransomware Insurance Communications Security 363

The Last Watchdog

NOVEMBER 12, 2024

Security and Exchange Commission (SEC) recently laid down the hammer charging and fining four prominent cybersecurity vendors for making misleading claims in connection with the SolarWinds hack. Joe Nicastro , Field CTO, Legit Security Nicastro Transparency in cybersecurity remains a complex balancing act.

Cybersecurity 263

Cybersecurity Risk Government Compliance 263

Data Breach Today

OCTOBER 2, 2020

Banks, Cyber Insurers, Others Warned Against Playing a Role A Treasury Department advisory offers a reminder that financial institutions, cyber insurance firms and others that facilitate a ransom payment after a ransomware attack could face federal penalties.

Insurance 290

Insurance Ransomware Cybersecurity 290

Data Breach Today

SEPTEMBER 18, 2023

Money Will Address Enhanced OT Security Rules From Regulators, Insurance Providers Dragos completed a Series D extension to help organizations address enhanced OT security requirements from regulators and cyber insurance providers.

Insurance 276

Insurance Cybersecurity Security 276

Dark Reading

NOVEMBER 6, 2023

As cyber insurance gets more expensive and competitive, security decision-makers have actionable opportunities to strengthen their cyber defenses.

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Insurance Cybersecurity Security 126

Security Affairs

JULY 18, 2019

The Small Business Cybersecurity Assistance Act may provide business owners with access to government-level tools to secure small business against attacks. Regrettably, the Small Business Cybersecurity Assistance Act has already gathered criticism and detractors, with some saying it falls short of the mark. Until the U.S.

Cybersecurity 223

Cybersecurity Education Government Risk 223

Security Affairs

APRIL 8, 2024

Greylock McKinnon is investigating the data breach with the help of third-party cybersecurity specialists, they also notified law enforcement of the incident. We consulted with third-party cybersecurity specialists to assist with our response to the incident, and we notified law enforcement and the DOJ.

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Data breaches Insurance Cybersecurity Government 343

Data Breach Today

JULY 15, 2022

Also: Cyberthreat Activity in Sri Lanka; Cyber Insurance Trends Four ISMG editors discuss important cybersecurity issues, including lessons learned from the cyberattack on a steelmaker in Iran that caused a serious fire, how the economic crisis in Sri Lanka is affecting cybersecurity and what the rising cost of cyber insurance means for the industry. (..)

Insurance 239

Insurance Cybersecurity 239

Data Breach Today

SEPTEMBER 29, 2022

Cyber Insurers Limit Financial Exposure While Risk Grows The Department of Treasury and the Cybersecurity and Infrastructure Agency are soliciting comments on whether risks to critical infrastructure from a catastrophic cyber attack - and the concurrent potential for ruinous financial exposure by insurers - should lead to a new federal approach.

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Insurance Government Risk Cybersecurity 130

Security Affairs

JUNE 5, 2020

“As per our researchers, this data leak includes the company’s cyber insurance documents, various contract calculations worksheets, NASA give review rules, and much more.” SecurityAffairs – Maze ransomware, cybersecurity). ” reads the post published by the experts. Pierluigi Paganini.

Ransomware 363

Ransomware Insurance Cybersecurity Security 363

Krebs on Security

JULY 23, 2020

In May 2019, KrebsOnSecurity broke the news that the website of mortgage title insurance giant First American Financial Corp. based First American [ NYSE:FAF ] is a leading provider of title insurance and settlement services to the real estate and mortgage industries. It employs some 18,000 people and brought in $6.2 billion in 2019.

Insurance 347

Insurance Financial Services Mining Access 347

Data Breach Today

JANUARY 23, 2023

In this episode of "Cybersecurity Unplugged," David Derigiotis of insurtech Embroker discusses the complex world of cyber liability insurance, including the collapse of crypto exchange FTX, recent breaches, and improvements in the cyber insurance industry.

Insurance 130

Insurance Cybersecurity 130

Security Affairs

JUNE 18, 2024

In some cases, attackers are even leveraging the threat of regulatory actions or causing cyber insurance policies to be rendered moot by reporting lapses in security on the part of the victim to regulators and insurers. Limiting the Financial Fallout Proactive cybersecurity measures are essential for defending against ransomware.

Ransomware 351

Ransomware Insurance Cybersecurity B2B 351

The Last Watchdog

DECEMBER 12, 2023

A look back at the cybersecurity landscape in 2023 rings all-too familiar: cyber threats rapidly evolved and scaled up , just as they have, year-to-year, for the past 20 years. Eyal Benishti , CEO, IRONSCALES Benishti Generative AI (GenAI) reshaped cybersecurity in 2023. The comments we received were uniformly insightful and helpful.

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Cybersecurity Phishing Authentication Analytics 258

Schneier on Security

FEBRUARY 28, 2022

Tarah Wheeler and Josephine Wolff analyze a recent court decision that the NotPetya attacks are not considered an act of war under the wording of Merck’s insurance policy, and that the insurers must pay the $1B+ claim. Wheeler and Wolff argue that the judge “did the right thing for the wrong reasons.”

Insurance 132

Insurance Cybersecurity Security 132

Security Affairs

FEBRUARY 3, 2024

The cleaning product giant announced in mid-August it was the victim of a cybersecurity incident that forced it to take some systems offline. ” The company added that it did not record any insurance proceeds in the three and six months ending on December 31, 2023, associated with the cyberattack.

Insurance 342

Insurance Sales Ransomware Marketing 342

Security Affairs

MAY 27, 2024

The investigation conducted by the company with the help of external cybersecurity experts revealed that threat actors first gained access to the IT System on or around October 3, 2023. As a result, we immediately took steps to secure our systems and engaged third-party cybersecurity experts. ” states the company.

Data breaches 333

Data breaches Cybersecurity Insurance Access 333

Security Affairs

OCTOBER 8, 2020

Cybersecurity researchers from Cyble have spotted a threat actor sharing leaked data of Airlink International UAE for free on two different platforms. Cybersecurity researchers from Cyble have found a threat actor sharing leaked data of Airlink International UAE for free on two platforms on the dark web.

Insurance 362

Insurance Cybersecurity Communications Risk 362

Security Affairs

JUNE 14, 2024

In January 2025, European financial and insurance institutions, their business partners and providers, must comply with DORA. In January 2025, financial and insurance institutions in Europe and any organizations that do business with them must comply with the Digital Operation Resilience Act, also known as DORA.

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Compliance Insurance Risk Cloud 308