Tag: insurance
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Compliance Needs Financial Metrics, Not Just Dashboards
Elliott of Zurich Insurance on Why Business Leaders Need Quantifiable Cyber Risks. Many compliance programs rely on vague risk scores and dashboards. These don’t always help business leaders make decisions. Dan Elliott, head of cyber resiliency, Zurich Resilience Solutions, ANZ, at Zurich Insurance, said organizations should frame compliance through financial metrics. First seen on govinfosecurity.com…
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Was ist eine Cyber-Versicherung?
Eine Cyber-Versicherung kann ein hilfreiches Tool sein, das im Falle eines digitalen Sicherheitsvorfalls ermöglicht, das Risiko zu übertragen – allerdings nur bei richtiger Anwendung. First seen on welivesecurity.com Jump to article: www.welivesecurity.com/deutsch/2015/06/05/ist-eine-cyber-versicherung/
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Private Internetnutzer: Bisher nur wenige mit Cyber-Versicherung
First seen on datensicherheit.de Jump to article: www.datensicherheit.de/privat-internetnutzer-kaum-cyber-versicherungen
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10 things you should include in your AI policy
Tags: access, ai, best-practice, breach, business, ceo, ciso, compliance, cybersecurity, data, data-breach, finance, framework, gartner, GDPR, governance, incident response, insurance, law, monitoring, privacy, regulation, risk, software, strategy, switch, technology, tool, training, updateInput from all stakeholders: At Aflac, the security team took the initial lead on developing the company’s AI policy. But AI is not just a security concern. “And it’s not just a legal concern,” Ladner says. “It’s not just a privacy concern. It’s not just a compliance concern. You need to bring all the stakeholders…
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Ensuring Data Privacy and Compliance in the Philippine Insurance Industry
First seen on resecurity.com Jump to article: www.resecurity.com/blog/article/ensuring-data-privacy-and-compliance-in-the-philippine-insurance-industry
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Todyl, Spectra Unveil Cyber Insurance Program for MSSP and MSP Clients
First seen on scworld.com Jump to article: www.scworld.com/news/todyl-spectra-unveil-cyber-insurance-program-for-mssp-and-msp-client
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Cyber insurance isn’t always what it seems
Many companies think cyber insurance will protect them from financial losses after an attack. But many policies have gaps. Some claims get denied. Others cover less than … First seen on helpnetsecurity.com Jump to article: www.helpnetsecurity.com/2025/03/27/cyber-insurance-ciso/
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Rising attack exposure, threat sophistication spur interest in detection engineering
Tags: access, ai, attack, automation, banking, ceo, ciso, cloud, compliance, cyber, cybersecurity, data, detection, endpoint, exploit, finance, framework, healthcare, infrastructure, insurance, intelligence, LLM, malware, mitre, network, programming, ransomware, RedTeam, risk, sans, siem, software, supply-chain, tactics, technology, threat, tool, update, vulnerability, zero-dayMore than the usual threat detection practices: Proponents argue that detection engineering differs from traditional threat detection practices in approach, methodology, and integration with the development lifecycle. Threat detection processes are typically more reactive and rely on pre-built rules and signatures from vendors that offer limited customization for the organizations using them. In contrast, detection…
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CaaS: The Key to More Affordable Cyber Insurance
Compliance as a Service (CaaS) strengthens a company’s posture and defensibility, making it more attractive to insurers. First seen on securityboulevard.com Jump to article: securityboulevard.com/2025/03/caas-the-key-to-more-affordable-cyber-insurance/
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The State of Digital Trust in 2025 Consumers Still Shoulder the Responsibility
Tags: access, ai, authentication, banking, breach, captcha, cloud, compliance, control, cyber, data, deep-fake, encryption, finance, fintech, framework, GDPR, government, healthcare, identity, india, insurance, law, login, malicious, metric, mfa, mitigation, password, privacy, regulation, resilience, risk, service, software, strategy, switch, technology, threat, toolThe State of Digital Trust in 2025 – Consumers Still Shoulder the Responsibility madhav Thu, 03/20/2025 – 04:52 Trust remains the cornerstone of digital interactions, yet its foundations are increasingly fragile in an era of sophisticated cyber threats and evolving consumer expectations. The 2024 Digital Trust Index gave us extremely important insights into the expectations…
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That breach cost HOW MUCH? How CISOs can talk effectively about a cyber incident’s toll
Tags: attack, breach, business, ciso, cyber, cybersecurity, data, email, incident, incident response, insurance, jobs, network, phone, ransomware, risk, risk-managementThe importance of practice in estimating costs: Quantifying the costs of an incident in advance is an inexact art greatly aided by tabletop exercises. “The best way in my mind to flush all of this out is by going through a regular incident response tabletop exercise,” Gary Brickhouse, CISO at GuidePoint Security, tells CSO. “People…
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UK Cybersecurity Weekly News Roundup 16 March 2025
Tags: access, apple, attack, backdoor, backup, compliance, control, cyber, cyberattack, cybercrime, cybersecurity, data, encryption, finance, firewall, government, group, hacking, insurance, law, lockbit, malicious, network, office, privacy, ransomware, regulation, risk, russia, service, software, virusWelcome to this week’s edition of our cybersecurity news roundup, bringing you the latest developments and insights from the UK and beyond. UK Government’s Stance on Encryption Raises Global Concerns The UK government has ordered Apple to provide backdoor access to iCloud users’ encrypted backups under the Investigatory Powers Act of 2016. This secret order…
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7 misconceptions about the CISO role
Tags: api, attack, breach, business, ceo, ciso, compliance, control, corporate, cyber, cyberattack, cybersecurity, defense, exploit, finance, firewall, governance, infrastructure, insurance, jobs, network, password, phishing, resilience, risk, risk-assessment, risk-management, saas, software, startup, strategy, technology, threat, tool, training, update, vulnerabilityKatie Jenkins, EVP and CISO, Liberty Mutual Insurance Liberty Mutual InsuranceThe field is changing so rapidly, Jenkins adds, she needs to commit time to keeping up on research and connecting with other CISOs for knowledge exchange.In addition to securing infrastructure, an effective CISO focuses on securing the business, experts say. This requires understanding how security…
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Insurer Notifying 335,500 Customers, Agents, Others of Hack
Texas Incident is Largest Breach Reported by a Health Plan So Far in 2025. A Texas-based insurance firm is notifying more than 335,500 people of a December hack involving their sensitive personal and health information. The breach affects many – but not all – of the company’s policyholders, agents and insurance carrier partners in multiple…
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Boards Challenged to Embrace Cybersecurity Oversight
Integrating Cyber Risk into Business Risk Decisions Cybersecurity failures are now business risks that CEOs and Boards must own. The world of business owners, investors, and their representatives are collectively realizing the potentially catastrophic impacts of cybersecurity incidents if not incorporated into the strategic management of the most senior business leadership. Many regulatory bodies, insurance…
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FBI, CISA Raise Alarms As Medusa Ransomware Attacks Grow
Medusa developers have been targeting a wide variety of critical infrastructure sectors, from healthcare and technology to manufacturing and insurance, racking up its victim count as it seemingly adds to its numbers of affiliates. First seen on darkreading.com Jump to article: www.darkreading.com/cyberattacks-data-breaches/fbi-cisa-alarmed-medusa-ransomware-attacks-grow
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More than 300 critical infrastructure orgs attacked by Medusa ransomware
An advisory from the FBI, Cybersecurity and Infrastructure Security Agency (CISA) and the Multi-State Information Sharing and Analysis Center (MS-ISAC) on Wednesday said the group and its affiliates have attacked organizations in the medical, education, legal, insurance, technology and manufacturing industries. First seen on therecord.media Jump to article: therecord.media/medusa-ransomware-targeting-critical-infrastructure-orgs
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Majority of ransomware claims involved compromise of perimeter security devices
A report by cyber insurance firm Coalition shows six of every 10 ransomware claims involved compromised VPN or firewall. First seen on cybersecuritydive.com Jump to article: www.cybersecuritydive.com/news/ransomware-compromise-perimeter-devices/742158/
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New York Sues Insurance Giant Over Data Breaches
The New York Attorney General sued National General and its parent company Allstate over two data breaches. The post New York Sues Insurance Giant Over Data Breaches appeared first on SecurityWeek. First seen on securityweek.com Jump to article: www.securityweek.com/new-york-sues-insurance-giant-over-data-breaches/
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Allstate Insurance sued for delivering personal info on a platter, in plaintext, to anyone who went looking for it
Crooks built bots to exploit astoundingly bad quotation website and made off with data on thousands First seen on theregister.com Jump to article: www.theregister.com/2025/03/10/allstate_sued_pii_exposure/
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Mangelhafte Cybersicherheit im Gesundheitswesen
Tags: access, ai, chatgpt, compliance, cyberattack, cyersecurity, data, endpoint, exploit, HIPAA, insurance, ransomware, resilience, risk, service, usa, vpn, vulnerability, vulnerability-management, windows15 Prozent der Endgeräte im Gesundheitssektor haben keine oder nicht-übereinstimmente Sicherheits- und Risikokontrollen.Laut dem aktuellen Horizon Report 2025 wurden im Jahr 2024 weltweit 183 Millionen Patientendaten kompromittiert. Das ist ein Anstieg von neun Prozent im Vergleich zum Vorjahr. Doch weshalb fällt es für Gesundheitseinrichtungen so schwer, sich ausreichend vor Ransomware-Angriffen zu schützen?Um das herauszufinden, hat…
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Microsoft Introduces 365 E5 Security Add-On for Business Premium Customers
Microsoft has launched Microsoft 365 E5 Security as an add-on to its Business Premium suite, providing small and medium-sized businesses (SMBs) with advanced tools to combat escalating cyber threats. The offering integrates enterprise-grade security features at a 57% cost savings compared to standalone purchases, addressing evolving regulatory and cyber insurance demands1. Enhanced Identity Protection and…
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What is risk management? Quantifying and mitigating uncertainty
Tags: breach, business, cio, ciso, compliance, control, cyber, cyberattack, data, finance, flaw, framework, governance, healthcare, infosec, infrastructure, insurance, international, jobs, mitigation, monitoring, nist, risk, risk-analysis, risk-assessment, risk-management, software, strategy, technology, tool, vulnerabilityHow do organizations structure risk management operations?: Risk management has in some organizations traditionally been multicentric, with different departments or individuals within the org implementing risk management techniques in their work: Risk management is a component of good project management, for instance. IT leaders in particular must be able to integrate risk management philosophies and…
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Third-Party Risk Tops Cybersecurity Claims
Data collected by cyber insurers shows that ransomware accounts for the majority of insurance claims, but much of the losses stem from third-party breaches affecting policyholders. First seen on darkreading.com Jump to article: www.darkreading.com/cyber-risk/third-party-risk-top-cybersecurity-claims
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Third-Party Risk Top Cybersecurity Claims
Data collected by cyber-insurers show that ransomware accounts for the majority of insurance claims, but that much of the losses stem from third-party breaches affecting policyholders. First seen on darkreading.com Jump to article: www.darkreading.com/cyber-risk/third-party-risk-top-cybersecurity-claims
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DOGE Access to Personal Information and The Difficulty of Showing Harm in Privacy Litigation
If a company has effective insurance, prevention becomes even less cost-effective. By failing to “value” privacy alone, the system skews in favor of not protecting privacy. First seen on securityboulevard.com Jump to article: securityboulevard.com/2025/03/doge-access-to-personal-information-and-the-difficulty-of-showing-harm-in-privacy-litigation/
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Third-Party Attacks Drive Major Financial Losses in 2024
Data from Resilience found that third-party attacks made up 23% of material cyber insurance claims in 2024, with ransomware attacks targeting vendors a major driver First seen on infosecurity-magazine.com Jump to article: www.infosecurity-magazine.com/news/third-party-financial-losses/