The Source for Cyber Insurance News, Insights and Data
Using “admin” as a username for a virtual private network (VPN) is akin to parking your car and leaving the keys in the ignition. You are making it easy; why not leave the car running? This careless practice can make your system vulnerable to ransomware attacks. According to Corvus Insurance’s Q3 2024 Cyber Threat Report, … Read more
You’ve seen plenty of reports on how hackers are leveraging AI to commit cyber crimes while insurers are using the technology to improve underwriting and customer service. Now experts report risks from AI are prompting stand-alone cyber insurance policies covering losses by users of the evolving technology, a market Deloitte predicts could grow at a … Read more
Cybersecurity is no longer an abstract threat; it’s an immediate and pervasive danger keeping the CEO of mid-sized River City Bank, Steve Fleming, up at night. Hackers relentlessly target both large institutions for big payoffs and small to mid-sized businesses as easy prey, making cyber resilience essential for any organization. With cyberattacks expected to cause $10.5 trillion … Read more
Email attacks are surging, hitting businesses hard and exposing a severe paradox: email is both indispensable and dangerously vulnerable. As digital communications fuel daily operations—from sales to financial transactions—organizations can’t just cut back on email to curb security risks. Financial fraud, the most common email-based attack, continues to skyrocket, leaving companies of all sizes scrambling … Read more
When preparing for imminent threats, increased cybersecurity spending is a significant telltale. In honor of Veterans Day, here is a fitting analogy. In the military, changes in routine sometimes ring warning bells among the troops. As a veteran once shared, during WWII, the unit could expect trouble the next day if they were served steak … Read more