Tag: insurance
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MSSPs, MSPs See Growing Strategic Role in Cyber Insurance
First seen on scworld.com Jump to article: www.scworld.com/news/mssps-msps-see-growing-strategic-role-in-cyber-insurance
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Blackpoint and UKON Partner to Help MSPs Merge Cybersecurity and Insurance
First seen on scworld.com Jump to article: www.scworld.com/news/blackpoint-and-ukon-partner-to-help-msps-merge-cybersecurity-and-insurance
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Colossal breach exposes 4B Chinese user records in surveillance-grade database
Tags: breach, china, cybercrime, cybersecurity, data, data-breach, disinformation, exploit, finance, fraud, group, identity, infrastructure, insurance, intelligence, iphone, leak, mobile, organized, phishing, phone, threataccording to cybersecurity firm Cybernews, which reported its findings based on its own research.What makes this breach particularly alarming isn’t just its size, though at four billion records, it’s believed to be the largest single-source leak of Chinese personal data ever found, it’s the breadth and depth of information that was exposed.According to the report, the researchers stumbled…
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Versicherungsunternehmen in Singapur von Cyberangriff auf einen Dienstleister betroffen
Details of 146 Income Insurance policyholders compromised after cyber attack of external vendor First seen on straitstimes.com Jump to article: www.straitstimes.com/singapore/consumer/details-of-146-income-insurance-policyholders-compromised-after-cyberattack-on-external-vendor
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CFOs, financial execs in crosshairs of ‘highly targeted’ spearphishing campaign
Hackers are preying on senior corporate leaders at banks, investment firms, utilities and insurance companies worldwide. First seen on cybersecuritydive.com Jump to article: www.cybersecuritydive.com/news/spearphishing-remote-access-campaign-cfos-finance-executives-trellix/749192/
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Sophos’ Capsule Partnership Adds to MSP, MSSP Insurance Options
First seen on scworld.com Jump to article: www.scworld.com/news/sophos-capsule-partnership-adds-to-msp-mssp-insurance-options
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UK Retail Cyberattacks May Drive Up US Insurance Premiums
Insurance experts weigh in how the recent barrage of attacks against UK retailers could affect premium rates and policy requirements, as well as work toward improving risk assessment. First seen on darkreading.com Jump to article: www.darkreading.com/cyber-risk/uk-retail-attacks-drive-cyber-insurance-premiums
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Top 12 US cities for cybersecurity job and salary growth
Tags: access, ai, apple, attack, blockchain, business, country, crowdstrike, cyber, cybersecurity, data, defense, finance, fintech, government, group, infrastructure, insurance, iot, jobs, metric, microsoft, nvidia, office, okta, privacy, software, startup, strategy, supply-chain, technology, training, warfareWhile major hubs like San Francisco naturally come to mind, and perform well based on the metrics we evaluated, there are many lesser-known cities that may be just as promising, if not more. These emerging destinations can offer easier access to job opportunities, more sustainable career paths, higher pay, and a lower cost of living.Here’s…
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M&S says cyberattack will hit profits by £300 million, disruption to last until July
British retailer M&S reported that a recent cyberattack will have a £300 million impact on its operating profit “before cost mitigation, insurance and trading actions.” First seen on therecord.media Jump to article: therecord.media/marks-spencer-cyberattack-hit-to-profits-300m
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Sophos teams up with Capsule to cover MSP insurance needs
Security player arms channel partners with access to the fruits of a partnership that meets growing SME demand First seen on computerweekly.com Jump to article: www.computerweekly.com/microscope/news/366623850/Sophos-teams-up-with-Capsule-to-cover-MSP-insurance-needs
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Breaches at Serviceaide, Nationwide Recovery Services expose medical info of more than 500,000 people
Hospitals tied to the two companies announced breaches over the last week involving Social Security numbers, financial information and sensitive health insurance data. First seen on therecord.media Jump to article: therecord.media/breaches-serviceaide-nationwide-medical-info
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Can Insurance Fraud Teams Handle Regulatory Scrutiny of AI?
Panel of Experts Discuss Emerging But Controversial Uses of AI Tools in Insurance. State regulators are demanding that insurers clearly explain their use of AI, validate data accuracy and maintain compliance. Meanwhile, technical teams must translate AI processes into simple terms to build trust, while fraud investigators need better training to interpret AI insights effectively.…
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BEC, FTF Scams Drove Cyber Insurance Claims, Coalition Says
First seen on scworld.com Jump to article: www.scworld.com/news/bec-ftf-scams-drove-cyber-insurance-claims-coalition-says
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Most cyber insurance claims stem from BEC, fraud, report says
First seen on scworld.com Jump to article: www.scworld.com/news/most-cyber-insurance-claims-stem-from-bec-fraud-report-says
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Email-Based Attacks Top Cyber-Insurance Claims
Cyber-insurance carrier Coalition said business email compromise and funds transfer fraud accounted for 60% of claims in 2024. First seen on darkreading.com Jump to article: www.darkreading.com/cyber-risk/email-based-attacks-cyber-insurance-claims
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Kelly Benefits Hack Victim Count Jumps Significantly, Again
Breach Tally Keeps Growing Since Firm Filed Initial Breach Reports Last Month. The count of individuals affected by a hack discovered in December 2024 by Maryland-based Kelly & Associates Insurance Group continues to climb with a new total of 413,032 – up by nearly 150,000 since the company updated its breach disclosure last month. The…
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Kelly Benefits December data breach impacted over 400,000 individuals
Kelly Benefits has determined that the impact of the recently disclosed data breach is much bigger than initially believed. Benefits and payroll solutions firm Kelly & Associates Insurance Group, aka Kelly Benefits, announced that the impact of a recently disclosed data breach is much bigger than initially estimated. The U.S.-based company provides benefits, payroll, and…
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CISO vs CFO: why are the conversations difficult?
Tags: ai, attack, breach, business, ciso, compliance, cyber, cyberattack, cybersecurity, finance, insurance, jobs, metric, ransomware, RedTeam, risk, risk-management, saas, strategy, technology, threat, toolmight happen, which often means the best outcome is nothing happens. That’s a tough sell.”Although a single cyberattack can wipe out millions of dollars, CFOs and CISOs often approach cybersecurity from fundamentally different perspectives. Bridging this divide requires more than just better communication, it demands, as Argyle put it, a shift in mindset. The disconnect…
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DarkWatchman, Sheriff Malware Hit Russia and Ukraine with Stealth and Nation-Grade Tactics
Russian companies have been targeted as part of a large-scale phishing campaign that’s designed to deliver a known malware called DarkWatchman.Targets of the attacks include entities in the media, tourism, finance and insurance, manufacturing, retail, energy, telecom, transport, and biotechnology sectors, Russian cybersecurity company F6 said.The activity is assessed to be the work of a…
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Reporting lines: Could separating from IT help CISOs?
Tags: attack, business, cio, ciso, cyber, cybersecurity, exploit, finance, insurance, metric, mitigation, risk, risk-management, skills, technology, vulnerabilityReporting to the CFO can improve discussions about funding: There’s art and science to secure funding. Number matters in getting budget approval, and cybersecurity is at pains to be seen as more than a cost center. However, two-thirds (66%) of CFOs don’t fully understand the CISO role and have difficulty seeing the tangible return on…
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Building A Strong Compliance Framework: A CISO’s Guide To Meeting Regulatory Requirements
In the current digital landscape, Chief Information Security Officers (CISOs) are under mounting pressure to ensure their organizations meet a growing array of regulatory requirements while maintaining robust cybersecurity. The proliferation of regulations such as the General Data Protection Regulation (GDPR), Health Insurance Portability and Accountability Act (HIPAA), and Payment Card Industry Data Security Standard…
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How Organizations Can Leverage Cyber Insurance Effectively
By focusing on prevention, education, and risk transfer through insurance, organizations, especially SMEs, can protect themselves from the rapidly escalating threats of cyberattacks. First seen on darkreading.com Jump to article: www.darkreading.com/cybersecurity-operations/organizations-leverage-cyber-insurance-effectively
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6 types of risk every organization must manage, and 4 strategies for doing it
Tags: ai, attack, backup, best-practice, breach, business, compliance, control, cyber, cybersecurity, data, finance, framework, fraud, GDPR, governance, government, grc, hacker, healthcare, infrastructure, insurance, intelligence, law, mitigation, office, phishing, ransom, ransomware, regulation, risk, risk-assessment, risk-management, service, startup, strategy, technology, threat, training, vulnerabilityCybersecurity risks Threats such as data breaches, phishing attacks, system intrusions, and broader digital vulnerabilities fall under the umbrella of security risks. The definition of cybersecurity risk is constantly evolving, now encompassing threats related to artificial intelligence and AI-driven systems.If you’re trying to mitigate risks in this area, you need to think not just about…
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Lesson from huge Blue Shield California data breach: Read the manual
read the documentation of any third party service you sign up for, to understand the security and privacy controls;know what data is being collected from your organization, and what you don’t want shared.”It’s important to understand these giant platforms make it easy for you to share your data across their various services,” he said. “So…
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Attackers and Defenders Lean on AI in Identity Fraud Battle
Identity verification, insurance claims, and financial services are all seeing surges in AI-enabled fraud, but organizations are taking advantage of AI systems to fight fire with fire. First seen on darkreading.com Jump to article: www.darkreading.com/cyber-risk/fraudsters-increasingly-use-ai-companies-look-ai
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Lemonade says applicant driver’s license numbers exposed
The company is notifying about 190,000 people after certain information used for car insurance quotes was left unencrypted. First seen on cybersecuritydive.com Jump to article: www.cybersecuritydive.com/news/lemonade-drivers-license-exposed/745762/
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Breach Roundup: Cyber Insurance Market Set to Double by 2030
Also, a ‘Perfect Tool’ for Cyberespionage and EU Stocks Up on Burner Phones. This week, the cyber insurance market could double, Europe to use burner phones in the U.S., a BPFDoor campaign, Alcasec faces Spanish prison, a Thai harassment campaign and charges in Taiwan for a Chinese captain. China stonewalled a Swedish cable cutting investigation.…