article thumbnail

Cyber Insurance and the Changing Global Risk Environment

Security Affairs

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
article thumbnail

26 Cyber Security Stats Every User Should Be Aware Of in 2024

Security Affairs

Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 IoT Vulnerabilities: With the proliferation of Internet of Things (IoT) devices, the number of IoT-related cyber attacks is expected to increase by 25% in 2024. million, up 15% in three years. The US topped the list at $5.09

Security 354
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Have board directors any liability for a cyberattack against their company?

Security Affairs

Add to that, there is the risk of penalties and fines (which are not insurable in most jurisdictions) not only under privacy and data protection regulations but also on the basis of cybersecurity regulations that are now proliferating. What should directors do if a cyberattack happens to the company? there could be reputational damage.

Insurance 355
article thumbnail

Pepper and Embedded Insurance Partner on Cyber Insurance For Consumers, SMBs

Dark Reading

Now, if you've got an IoT network powered by Pepper, you can insure it through Embedded Insurance — even if your business is too small to support a SOC.

article thumbnail

MY TAKE: Can Hollywood’s highly effective ‘source-code’ security tools help make IoT safe?

The Last Watchdog

Related: HBO hack spurs cyber insurance market. In a business environment where DevOps, cloud computing and IoT services are proliferating, the notion of scrambling source code for every system, even every computing device tied into a network, is intriguing. But now we have IoT devices connecting into these ecosystems.

IoT 133
article thumbnail

Security Affairs newsletter Round 188 – News of the week

Security Affairs

Group-IB and CryptoIns introduce the worlds first insurance against cyber threats for cryptocurrency exchanges. Shellbot Botnet Targets IoT devices and Linux servers. IBM Watson will be used by NIST to assign CVSS scores to vulnerabilities. A flaw in WooCommerce WordPress Plugin could be exploited to take over e-stores.

Security 237
article thumbnail

Security Affairs newsletter Round 226

Security Affairs

Russia-linked STRONTIUM APT targets IoT devices to hack corporate networks. American Insurance firm State Farm victim of credential stuffing attacks. Crooks turn victims into money mules via confidence/romance scams. Expert publicly disclosed a zero-day vulnerability in KDE. The Evolution of Aggah: From Roma225 to the RG Campaign.

Security 207