The Source for Cyber Insurance News, Insights and Data
Experts are ringing alarm bells about the dangerous intersection of artificial intelligence and cybercrime. Already, AI tools are being weaponized to commit fraud, and the consequences are staggering.
A recent government-commissioned survey reveals significant public concerns about UK cybercrime and fraud (England, Scotland, and Wales). Conducted by Ipsos UK for the Home Office, the research offers insights into public perceptions, victimization experiences, and cyber security behaviors. It found that over half of participants perceive moderate personal risks, with 42% feeling vulnerable to retail … Read more
As cyber criminals increasingly leverage AI for everything from phishing scams and blackmail to misinformation campaigns and election interference, businesses face new threats that require innovative defenses. In response to AI-driven cybercrime threats, AXA XL has unveiled a new endorsement to its cyber insurance coverage, specifically targeting the risks associated with Generative AI (Gen AI) … Read more
The Microsoft Digital Defense Report 2024 paints a vivid and alarming picture of the rapidly evolving cyber threat landscape, where cybercriminals and nation-state actors leverage more sophisticated tools and tactics. The report highlights the devastating impact of cyberattacks, from ransomware crippling 389 healthcare institutions in the US, leading to delayed medical procedures and risking lives, … Read more
Effective incident response is vital in the fight against cybersecurity threats, as swift containment and recovery can significantly minimize the damage from attacks. Minimizing recovery time is especially critical in reducing operational disruptions and financial losses, making robust incident response solutions a priority for organizations today. Silverfort announced its new Identity-First Incident Response (IR) solution, … Read more