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Cyber Insurance News

Cyber Insurance News

The Leading Source for Cybersecurity Insurance News, Insights and Data

  • PEGs Want Their Portfolio Companies to Have Cyber Insurance. But What’s the Best Way? Cyber Insurance Best Practices
  • Cybersecurity Threats Escalate: Microsoft Warns of Increasingly Sophisticated Attacks in 2024 Cyber Insurance
  • Global Network Encryption Market Surges to USD 8.56B** by 2032 Amid Escalating Cyber Threats and Innovations – Report Cyber Insurance
  • New Quoting Platform from World’s Largest Public Insurance Company Sure to Accelerate Growth of Stand-alone Cyber Policies  Cyber Insurance Best Practices
  • Shop Early for Cyber Insurance and Don’t Forget Response Exercises: Wall Street Journal  Cyber Insurance Best Practices
  • Feds Give Banks 36-hour Deadline for Reporting “Material” Cyber Incidents  Cyber Insurance Laws & Regulations
  • Cyber Insurance Market Soars Cyber Insurance for Healthcare
  • Liberty Mutual’s Safeco Offers Personal Cyber Coverage  Cyber Insurance Carriers & Brokers

The CrowdStrike Outage: A Wake-Up Call for Cybersecurity and Insurance

Posted on July 26, 2024July 26, 2024 By Martin Hinton

Security Fix Backfires, Creating More Problems The CrowdStrike outage that began on July 19, 2024, serves as a critical reminder of the vulnerabilities in our digital infrastructure and the profound…

Read More “The CrowdStrike Outage: A Wake-Up Call for Cybersecurity and Insurance” »

Cyber Insurance, Opinion/Commentary

Cyber Insurance Adoption: The IT Challenge

Posted on October 19, 2023October 19, 2023 By Martin Hinton

CFC, a leading specialist insurance provider in emerging risk and a market leader in cyber insurance, conducted a recent survey revealing that IT departments constitute the biggest obstacle to the…

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Cyber Insurance News

Cyber Insurance News
As if online predators and the adverse effects of social media on children’s development weren’t enough to keep parents awake at night, the digital age has added a new nightmare to the list: identity theft. Children’s personal information is increasingly exposed online. As you can imagine, criminals are exploiting their digital footprints to commit fraud, leaving families to deal with long-term financial and emotional fallout.
Beyond Social Media’s Risks: Identity Theft Targets Kids Online
Small business cybersecurity and insurance can leave many business owners scratching their heads, wondering what to do. In this episode of the Cyber Insurance News podcast, our Executive Editor, Martin Hinton, speaks with Jason Makevich, founder and CEO of Greenlight Cyber, about the critical intersection of small business, cybersecurity, and insurance. They discuss the significant vulnerability of small businesses to cyber threats, the misconceptions surrounding IT and cybersecurity, and the importance of understanding various cyber risks, particularly ransomware and phishing. The conversation emphasizes the need for a cultural shift within organizations to prioritize cybersecurity, the role of cyber insurance in enhancing business resilience, and the importance of choosing the right cybersecurity partners. They also touch on the need for national cybersecurity standards and the potential for tax incentives to encourage small businesses to invest in their cyber defenses. 00:00 Introduction to Cyber Insurance and Small Business Vulnerability 03:11 Understanding Cybersecurity as a Business Risk 06:02 The Mindset of Small Business Owners 09:07 Types of Cyber Threats Facing Small Businesses 12:02 The Low Barrier of Entry for Cyber Criminals 15:09 Cultural Shifts in Cybersecurity Awareness 17:46 Investing in Cyber Resiliency 21:12 The Role of Cyber Insurance 24:11 Due Diligence in Cybersecurity Partnerships 26:54 The Need for National Cybersecurity Standards 29:57 The Scale Cost and Toll of Cyber Crime 33:13 Last Thoughts
Discussing Small Business Cybersecurity With Jason Makevich, Ep 1 Cyber Insurance News Podcast
We've reported that human error is often at the root of cyberattacks and scams. From weak passwords to careless clicks, people are the weakest link in cyber defense. And if behavioral psychology can boost sales in legitimate businesses, why not in crime? Like stores use your desire for a bargain to take you from your cash, cybercriminals have learned how to exploit the same psychology to access your devices. We've all heard the saying, "Fool me once, shame on you. Fool me twice, shame on me." But what if the person fooling you is yourself—and it's happening repeatedly? @gendigitalinc Q3 Threat Report shows how cybercriminals use psychological manipulation to make people unknowingly compromise their own devices. These "Scam-Yourself Attacks" increased by an astounding 614% in just one quarter. The report lays bare a new era of cyber trickery that preys on human error. Our takeaways are as follows; you can get the whole report at the link on our website, https://cyberinsurancenews.org/scam-yourself-attacks-how-cybercriminals-turn-victims-into-their-own-hackers/.
Scam-Yourself Attacks: How Cyberattacks And Cybercriminals Scams Turn Victims Into Their Own Hackers
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    • OpenText Report Reveals Cybercrime’s Shift: Nation-States Join Forces with Criminal Gangs Cybersecurity
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