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Cyber Insurance: Is Paying a Ransom Counter-Productive?

KnowBe4

Food for thought as discussed on May 18, 2023, an article posted in The Australian Insurance Council: Banning paying a ransom to cyber hackers is counter-productive where Andrew Hall, the Chief Executive of the Insurance Council of Australia (ICA), stated that “attempts to ban businesses from paying ransoms for cyber attacks risks eroding trust and (..)

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Why Cybersecurity Pros Should Care About Governance

Getting Information Done

Poor security awareness continues to be the greatest inhibitor to defending against cyber threats, followed closely by the massive volumes of data for IT security teams to analyze/protect. As a result, companies are turning to cyber insurance. Will this be the cyber insurance equivalent to Fitbit?

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CyberheistNews Vol 13 #13 [Eye Opener] How to Outsmart Sneaky AI-Based Phishing Attacks

KnowBe4

Security awareness training still has a place to play here." New-school security awareness training with simulated phishing tests enables your employees to recognize increasingly sophisticated phishing attacks and builds a strong security culture. We must ask: 'Is the email expected? Is the from address legit?

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CyberheistNews Vol 13 #20 [Foot in the Door] The Q1 2023's Top-Clicked Phishing Scams | INFOGRAPHIC

KnowBe4

The Snake peer-to-peer botnet had infected computers of some NATO member governments. link] Munich Re: '3X Growth Estimated in Cyber Crime Costs Over the Next 4 Years' As cyber attacks continue to grow in sophistication and frequency, cyber insurers are expecting their market to double in the next two years. billion by 2027. "3x

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Data protection strategy: Key components and best practices

IBM Big Data Hub

Government regulations, such as the General Data Protection Regulation (GDPR), and industry regulations, such as the Health Insurance Portability and Accounting Act (HIPAA), oblige companies to protect their customers’ personal data. Data breach victims also frequently face steep regulatory fines or legal penalties.

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Digital Health Industry Take Note: New HIPAA Comment Opportunity and Guidance Addresses Growing Risk of Cybersecurity Attacks

Data Matters

Digital health companies should take note of new data privacy and security developments under the Health Insurance Portability and Accountability Act (HIPAA) that can affect product planning and customer negotiations. implement a security awareness and training program for all workforce members pursuant to the HIPAA Security Rule.

Risk 87
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CyberheistNews Vol 13 #19 [Watch Your Back] New Fake Chrome Update Error Attack Targets Your Users

KnowBe4

New school security awareness training can help any organization sustain that line of defense and create a strong security culture. Blog post with links: [link] A Master Class on IT Security: Roger A. New Jersey appellate division judges rejected the insurers' argument that the 2017 attack, which U.S.