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CrowdStrike: Lessons on the Importance of Contracts, Insurance and Business Continuity

IT Governance

According to Parametrix , an insurance company specialising in Cloud outages, cyber insurance policies likely cover up to 10–20% of losses only. As a direct result of that blockage, oil couldn’t reach its destination, manufacturers couldn’t get crucial parts, and so on. Then there’s insurance. of its share price.

Insurance 103
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Senior Executives Beware: The Rise of EvilProxy Phishing Campaigns

KnowBe4

Menlo Security warns that a social engineering campaign is using the EvilProxy phishing kit to target senior executives across a range of industries, including banking and financial services, insurance, property management and real estate, and manufacturing.

Phishing 104
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Podcast Episode 117: Insurance Industry Confronts Silent Cyber Risk, Converged Threats

The Security Ledger

In this episode of the podcast (#117), we go deep on one of the hottest sectors around: cyber insurance. In the first segment, we talk with Thomas Harvey of the firm RMS about the problem of “silent cyber” risk to insurers and how better modeling of cyber incidents is helping to address that threat. Read the whole entry. »

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The hidden threats facing your intellectual property

IT Governance

For life sciences and pharmaceutical companies, this includes data on the development and testing of new therapies and details of how therapies are manufactured. Last year, private healthcare giant BUPA suffered a breach affecting 108,000 health insurance policies when a rogue employee copied and removed information from the organisation.

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A massive phishing campaign using QR codes targets the energy sector

Security Affairs

Other top 4 targeted industries include Manufacturing, Insurance, Technology, and Financial Services seeing 15%, 9%, 7%, and 6% of the campaign traffic respectively.” Experts warn that the Energy sector was a major focus of this campaign, followed by manufacturing, and insurance. ” continues the report.

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

KnowBe4

[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. I've also talked quite a bit about cyber insurance and the recent trends. billion by 2027. "3x

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US CISA and FBI publish joint alert on DarkSide ransomware

Security Affairs

US agencies warn that groups employed DarkSide ransomware in attacks aimed at organizations across various Critical Infrastructure sectors, including manufacturing, legal, insurance, healthcare, and energy. “Our goal is to make money, and not creating problems for society,” reads a statement from the group.