The Source for Cyber Insurance News, Insights and Data
In 1588, a navigational error led to the defeat of the Spanish Armada, changing the course of European history. Even before modern technology’s advent, human error has had significant consequences. Unfortunately, the modern era has maintained these vulnerabilities. Today, CyberArk’s new report reveals that many of the same human errors and risky behaviors continue to … Read more
Legendary baseball player Yogi Berra once said, “It’s tough to make predictions, especially about the future.” It seems obvious, but predicting the future is risky. At the same time, imagining or anticipating the challenges to come is essential for preparedness and success. In the ever-changing field of cybersecurity, predictions or understanding potential threats help organizations protect … Read more
As cyber threats become increasingly sophisticated and target the vital systems at the core of modern society, CyberCube’s “Global Threat Briefing H2 2024” underscores a critical reality: attacks on Single Points of Failure (SPoF) technologies and key sectors are no longer hypothetical. The report explores the systemic nature of these cyber threats and emphasizes the … Read more
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
When GEICO and Travelers were hacked, stealing personal information from over 120,000 New Yorkers. They exploited vulnerabilities in online auto insurance quoting tools to obtain driver’s license numbers and dates of birth. The stolen data was later used to file fraudulent unemployment claims during the peak of the COVID-19 pandemic. The Geico Travelers Hack Starting … Read more