EU Cybersecurity

Watch Out for “Quishing,” UK Cyber Security Provider Warns the Insurance Industry (and We Add: Beware of “Brushing” Too)

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“Quishing (QR Code Phishing) (is a) rapidly growing attack vector, increasing from 0.8% of phishing attempts in 2022 to 12.4% in 2024,” reports Intersys, a UK company that provides cyber risk management services to the insurance sector. Other cyber experts are sounding the same alarm, plus warning of “brushing,” another scam increasingly linked in quishing. The quishing … Read more

73% of Irish Workers Feel Blamed for Cybersecurity Breaches, Study Reveals

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A grayscale illustration of a distressed office worker sitting at a desk, covering his mouth in shock as a giant hand points accusingly at him through his computer screen. The image conveys a dramatic and overwhelming sense of surveillance or reprimand in a workplace setting.

A recent study by IT.ie, in partnership with SonicWall, reveals that 73% of Irish office workers feel blamed for cybersecurity incidents. The findings indicate that 29% of employees reported someone in their organization being fired for causing a breach in the past year. Furthermore, 38% of respondents said their employers “always” hold staff accountable for … Read more

Howden Says Cybersecurity Gaps Cost UK £44bn; Is Russia Poised to Exploit Weaknesses?

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UK businesses have lost £44 billion to cyber attacks in the past five years, according to Howden. Half of UK businesses, about 1.3 million companies, suffered at least one cyber attack during this time. The average cost of these attacks equals 1.9% of revenue. The Targets Large businesses were the most targeted. Seventy-four percent of … Read more

Vienna Insurance Group Launches Cyber Security Firm to Protect SMEs

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Vienna Insurance Group AG (VIG), the largest insurance group in Central and Eastern Europe, has established Cyber Risk Solutions GmbH (CyRiSo), a new cyber security company targeting small and medium-sized enterprises (SMEs). The firm aims to provide comprehensive support to reduce cyber risks and to prevent and resolve damage from cyber attacks. “Cyber attacks have … Read more

Insurance Europe Urges Enhanced Resilience as EU Cyber Insurance Market Expands

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Insurance Europe has released a new report titled “Insurers’ Role in EU Cyber Resilience,” highlighting the escalating frequency and severity of cyber threats and offering policy recommendations to bolster cyber resilience across the European Union. As cyberattacks increased by 38% globally between 2022 and 2023, businesses face growing risks from ransomware, malware, phishing, and other … Read more

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