The Source for Cyber Insurance News, Insights and Data
“(Adam Lantrip of brokerage CAC Specialty) now budgets four to six months for its clients to clear all the hurdles needed to renew their plans. ‘It’s getting almost to a point where the deals never get put to bed,’ Mr. Lantrip said.” [paywall]
“Drawing on SpyCloud’s database of over 200 billion recaptured assets, researchers identified over 687 million exposed credentials and PII tied to Fortune 1000 employees, a 26% increase from last year’s analysis. Analysis of this data showed a 64% password reuse rate, widespread use of easy-to-guess passwords, and a spike in malware-infected devices…” Source: SpyCloud … Read more
“QR phishing attacks are on the rise because they require so little effort to be successful. For one, the codes are physical displays, meaning a harmless one can easily be covered with a nefarious one that brings users to a malicious website. This makes it easy for cybercriminals to ‘display’ the legitimate site that steals … Read more
One example: “The cyber security insurance application asked whether I had deployed an endpoint detection and response (EDR) tool.” Source: What your cyber insurance application form can tell you about ransomware readiness | CSO Online
“’Even if UK SMBs do become more concerned about their business being targeted by cybercriminals, they are unlikely to be willing to pay even higher premiums to protect themselves,’ said Ben Carey-Evans, senior insurance analyst at GlobalData. Even if SMBs are becoming more concerned about cyber attacks, they’re unlikely to be willing to pay even … Read more