The Source for Cyber Insurance News, Insights and Data
Joseph Wright of Blue Team Alpha recently explained on the Cyber Insurance News podcast that incident response planning saves money. “The financial hit multiplies ten to fifteen times beyond what proactive measures would have cost,” Wright said. You can hear that episode here or here. That message now echoes in a major report from Marsh … Read more
Law firm cybersecurity and incident response now drive real insurance and budget risk. The American Bar Association says 42% of firms with 100 or more employees have suffered a data breach. That shouldn’t surprise. Integreon has published The Complete Guide to Reducing Cyber Incident Response Costs in the Legal Industry. The guide presents cost-control steps … Read more
A recent CyberArk study found that 30% of employees share workplace passwords, creating an MFA security gap. The study surveyed 14,003 employees across six countries and revealed that 49% reuse passwords across multiple work applications, creating additional vulnerabilities. Findings like these are not new, and they highlight the ongoing risks businesses face. Risks that are … Read more
To get cyber insurance, companies increasingly must adhere to certain security requirements. Multi-Factor Authentication (MFA) is perhaps chief among them. MFA adds an additional layer of authentication and makes it difficult for attackers to gain access to user data. This useful article discusses relatively fast and most cost-effective paths to connecting all your self-hosted apps … Read more
The report asserts the industry is putting too much emphasis on MFA as a defense when more attacks come via social engineering or unpatched software and Remote Desktop Protocol (RDP)-involved attacks — none of which can be prevented solely by MFA. “MFA is good, it significantly reduces the risk of many types of popular attacks … Read more