Tag: insurance
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Cyber insurance could greatly reduce losses from diversification, mitigation measures
A report by CyberCube shows the global market is heavily concentrated in the U.S. and would benefit from expanding into new segments and improving cyber hygiene. First seen on cybersecuritydive.com Jump to article: www.cybersecuritydive.com/news/cyber-insurance-reduce-losses-diversification/761128/
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Demand for UK government debt falls as political risks spook bond market as it happened
UK bond yields have risen today, as an auction of government debt received only weak demand. Economists blame policy uncertainty.<ul><li><a href=”https://www.theguardian.com/business/2025/sep/25/co-op-says-malicious-cyber-attack-has-hit-profits-by-80m”>Co-op says ‘malicious’ cyber-attack has hit profits by £80m</li></ul><strong><br></strong><strong>The Co-op Group expects that its cyber-attack will wipe out £120m of profits for the full financial year, including <a href=”https://www.theguardian.com/business/live/2025/sep/25/co-op-cyber-attack-cost-it-80m-profits-loss-government-support-jlr-suppliers-business-live-news?page=with%3Ablock-68d4d9c68f0892d6aebab4ed#block-68d4d9c68f0892d6aebab4ed”>the £80m already lost in the first…
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How to de-identify insurance claims and documents with Tonic Textual
Insurance claims and documents contain sensitive PII that block these sources of data for use in AI and ML training initiatives. Tonic Textual can be used to de-identify sensitive entities, while retaining important context. First seen on securityboulevard.com Jump to article: securityboulevard.com/2025/09/how-to-de-identify-insurance-claims-and-documents-with-tonic-textual-2/
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Washington My Health My Data Act (MHMDA)
What is the Washington My Health My Data Act? The Washington My Health My Data Act (MHMDA) is a comprehensive privacy law enacted in 2023. Its purpose is to safeguard a broad category of sensitive information defined as “consumer health data”, which is not fully covered by the federal Health Insurance Portability and Accountability Act……
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Ransomware insurance losses spike despite fewer claims: Resilience
AI-powered phishing, “double extortion” tactics and insurance policy theft are fueling more destructive, costly ransomware attacks, the;cybersecurity firm said. First seen on cybersecuritydive.com Jump to article: www.cybersecuritydive.com/news/ransomware-insurance-losses-spike-claims-resilience-ai-phishing/759626/
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Ransomware upstart ‘The Gentlemen’ raises the stakes for OT”‘heavy sectors
Tags: access, attack, breach, ceo, ciso, credentials, cybersecurity, data, defense, endpoint, group, healthcare, insurance, intelligence, least-privilege, monitoring, network, ransomware, resilience, risk, supply-chain, threat, tool, update, vulnerability, zero-trustHigh-stakes industries make prime targets: The attacks have been spread across 17 countries, with Thailand and the US being the top targets, followed by Venezuela and India. The Gentlemen ransomware group already has a victim count of 27, with manufacturing and construction industries being the key targets, followed by healthcare, insurance, and others.”These sectors are…
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Cyber Insurance Report von Arctic Wolf – Viele Versicherungen, aber wenig Schadensmeldungen
First seen on security-insider.de Jump to article: www.security-insider.de/cyber-versicherung-dach-schadensmeldung-steigende-praemien-a-ec3b25ca050e39027bfab766adb7085e/
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Swiss Re warns of rate deterioration in cyber insurance
Competition among insurers has forced them to offer concessions on premiums, limits and controls. First seen on cybersecuritydive.com Jump to article: www.cybersecuritydive.com/news/swiss-re-rate-deterioration-cyber-insurance/759370/
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Pressure on CISOs to stay silent about security incidents growing
Tags: access, breach, business, cio, ciso, corporate, credentials, credit-card, crowdstrike, cybersecurity, data, data-breach, email, finance, framework, group, hacker, iam, identity, incident response, insurance, law, mfa, ransomware, sap, security-incident, software, theft, threat, training‘Intense pressure’ to keep quiet about security incidents: CSO spoke to two other former CISOs who reported pressures to stay silent about suspected security incidents. Both CISOs requested to remain anonymous due to end-of-contract confidentiality agreements made with previous employers.”While working inside a Fortune Global 500 company in Europe, I witnessed this multiple times,” one…
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Women cyber leaders are on the rise, and paying it forward
Tags: ciso, cloud, cyber, cybersecurity, data, defense, finance, google, group, insurance, international, jobs, lessons-learned, network, office, privacy, risk, service, skills, software, strategy, supply-chain, technologyCarol Lee Hobson, CISO, PayNearMe PayNearMeStill, companies could be doing more to bring women into cybersecurity positions, says Lauren Winchester, vice president of cyber risk services at Travelers.”Women make up more than half of the population yet represent roughly 20% of the cybersecurity workforce. While the number of women in cyber has increased over the…
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US Senators Call for Details of Aflac Data Breach
Senate HELP Committee Leaders Ask Insurer: What Went Wrong in the Cyberattack?. A U.S. Senate committee is demanding details from insurance giant Aflac about the company’s recent cyberattack that compromised the personal and health information of a yet undisclosed number of Americans. Senators last year gave the same scrutiny to the Change Healthcare mega-breach. First…
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ShinyHunters and Scattered Spider Linked to Farmers Insurance Data Breach
Farmers Insurance reports a breach affecting 1.1 million customers. Learn how the attack, linked to groups ShinyHunters and… First seen on hackread.com Jump to article: hackread.com/shinyhunters-scattered-spider-farmers-insurance-data-breach/
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Incident response planning cuts the risk of claiming on cyber security insurance
Proper attention to incident response planning is emerging as a core cyber control when it comes to reducing the risk of having to claim on cyber security insurance, according to a report First seen on computerweekly.com Jump to article: www.computerweekly.com/news/366630077/Incident-response-planning-cuts-the-risk-of-claiming-on-security-insurance
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Farmers Insurance discloses a data breach impacting 1.1M customers
Farmers Insurance suffered a breach tied to Salesforce attacks, exposing data of 1.1M customers across its nationwide insurance network. Farmers Insurance disclosed a data breach affecting 1,071,172 customers, linked to the recent wave of Salesforce attacks, as per Bleeping Computer. The company is an American insurer group of vehicles, homes and small businesses and also…
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1M Farmers Insurance Customers’ Data Compromised
Though the company is informing its customers of the breach, Farmers isn’t publicly divulging what kinds of personal data were affected. First seen on darkreading.com Jump to article: www.darkreading.com/cyberattacks-data-breaches/farmers-insurance-data-compromised
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1M Farmers Insurance Customer Data Compromised
Though the company is informing its customers of the breach, Farmers isn’t publicly divulging what kinds of personal data were affected. First seen on darkreading.com Jump to article: www.darkreading.com/cyberattacks-data-breaches/farmers-insurance-data-compromised
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Formal Methods for Stellar DeFi: Verifying Lending Protocol with Certora Sunbeam Prover
Hello! My name is Kirill Ziborov, and I’m a formal verification engineer and security researcher at Positive Web3. From February 24 to March 18, an audit contest for the Blend protocol on the Stellar blockchain was held on the Code4rena. In addition to the traditional manual audit, the competition included a formal verification track using…
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Farmers Insurance harvests bad news: 1.1M customers snared in data breach
Crims raided third-party systems and lifted personal data, including license numbers and partial SSNs First seen on theregister.com Jump to article: www.theregister.com/2025/08/26/farmers_insurance_breach/
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Behind the Coinbase breach: Bribery emerges as enterprise threat
Coinbase’s widely praised incident response: Coinbase’s transparency, firm stance against the ransom, quick remediation, and willingness to compensate its customers earned wide praise from cybersecurity professionals.According to Coinbase’s Martin, the hackers resorted to paying help desk workers in India precisely because the company had built such a robust security program. Bribery, according to Martin, was…
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Farmers Insurance, Aflac Report Data Breaches to Regulators
Farmers’ HIPAA Breach Affects 1.1 Million; Aflac Is Still Counting Victims. Two major U.S.-based insurers – Farmers Insurance and Aflac Inc. – have each reported to regulators data breaches involving two recent separate cyberattacks. The breaches follow a spring and summer spree of data exfiltration incidents that hit multiple large players in the insurance sector.…
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Farmers Insurance data breach impacts 1.1M people after Salesforce attack
U.S. insurance giant Farmers Insurance has disclosed a data breach impacting 1.1 million customers, with BleepingComputer learning that the data was stolen in the widespread Salesforce attacks. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/farmers-insurance-data-breach-impacts-11m-people-after-salesforce-attack/
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Farmers Insurance data breach impacts 1.1M people after Salesforce attack
U.S. insurance giant Farmers Insurance has disclosed a data breach impacting 1.1 million customers, with BleepingComputer learning that the data was stolen in the widespread Salesforce attacks. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/farmers-insurance-data-breach-impacts-11m-people-after-salesforce-attack/
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Farmers Insurance says 1 million customers affected by cyberattack on third-party vendor
More than one million customers of Farmers Insurance and its subsidiaries were impacted by a cyberattack on a third-party vendor. First seen on therecord.media Jump to article: therecord.media/farmers-insurance-million-data-breach
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What is the cost of a data breach?
Tags: access, ai, api, attack, automation, breach, business, ciso, compliance, cyber, cyberattack, cybersecurity, data, data-breach, detection, finance, fraud, healthcare, ibm, identity, incident response, india, infrastructure, insurance, intelligence, jobs, law, metric, privacy, programming, ransom, ransomware, regulation, risk, security-incident, service, skills, software, supply-chain, technology, theft, threat, tool, vulnerabilityCanada ($4.84 million) and the UK ($4.14million) remain in the top 10 hardest hit, with ASEAN or Association of Southeast Asian Nations ($3.67 million), Australia ($2.55 million), and India ($2.51 million) among the top 15. Breaches by industry: Healthcare remains the industry hit with the highest costs per breach by far, at $7.42 million despite…
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Deutsche Unternehmen setzen auf Cyberversicherungen
Arctic Wolf veröffentlicht die Ergebnisse seines
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Millions Allegedly Affected in Allianz Insurance Breach
Have I Been Pwned claims that the compromised data includes physical addresses, dates of birth, phone numbers, and more, for life insurance customers. First seen on darkreading.com Jump to article: www.darkreading.com/cyberattacks-data-breaches/millions-allianz-insurance-breach
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Singapore issues critical alert on Dire Wolf ransomware targeting global tech and manufacturing firms
Tags: attack, authentication, backup, business, compliance, control, credentials, cyber, data, defense, email, endpoint, extortion, insurance, intelligence, leak, malicious, mfa, msp, network, phishing, ransom, ransomware, resilience, risk, supply-chain, threat, updateRipple effects on global enterprises: The global business fallout of Dire Wolf ransomware attacks is significant and poses a multi-layered, high-impact threat to global enterprises.”Its attacks directly disrupt operations and supply chains, particularly in manufacturing and tech, leading to production delays, revenue loss, and downstream customer impact,” said Manish Rawat, analyst at TechInsights. “Financial impact…
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Massive Allianz Life data breach impacts 1.1 million people
Hackers have stolen the personal information of 1.1 million individuals in a Salesforce data theft attack, which impacted U.S. insurance giant Allianz Life in July. First seen on bleepingcomputer.com Jump to article: www.bleepingcomputer.com/news/security/massive-allianz-life-data-breach-impacts-11-million-people/