Remove Analysis Remove Encryption Remove Insurance Remove Survey
article thumbnail

New York Regulators Call on Insurers to Strengthen the Cyber Underwriting Process

Hunton Privacy

As reported on the Hunton Insurance Recovery blog , on February 4, 2021, the New York Department of Financial Services (“NYDFS”), which regulates the business of insurance in New York, has issued guidelines, in the Insurance Circular Letter No. sought coverage for expenses under its property insurance policy.

article thumbnail

How to handle a ransomware attack 

IBM Big Data Hub

Of the 1,350 organizations surveyed in a recent study, 78 percent suffered a successful ransomware attack (link resides outside ibm.com). The photo will expedite the recovery process and help when filing a police report or a possible claim with your insurance company. Instead, put the affected systems into hibernation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is a Cyberattack? Types and Defenses

eSecurity Planet

Cyber criminals may damage, destroy, steal, encrypt, expose, or leak data as well as cause harm to a system. Encrypted threats spiked 167%, ransomware increased 105%, and 5.4 Staying ahead of attackers is a constant battle and the cost is “unsustainable,” 81% of WEF survey respondents say. Ransomware.

article thumbnail

After Springhill: Assessing the Impact of Ransomware Lawsuits

eSecurity Planet

” Cyber Insurance No Longer Reliable. Perhaps the largest lesson to draw from this case, Crockett said, is to take these threats more seriously and look beyond a simple cost-benefit analysis. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out.

article thumbnail

Top GRC Tools & Software for 2021

eSecurity Planet

The Riskonnect GRC platform has specific use cases for risk management, information security, compliance, and audit professionals in healthcare, retail, insurance, financial services, and manufacturing. Case & survey management. Insurance & claims management. Riskonnect. Back to top. Business continuity management.

article thumbnail

Top 10 Governance, Risk and Compliance (GRC) Vendors

eSecurity Planet

The Riskonnect GRC platform has specific use cases for risk management, information security, compliance, and audit professionals in healthcare, retail, insurance, financial services, and manufacturing. Case & survey management. Insurance & claims management. Riskonnect. Back to top. Business continuity management.

article thumbnail

MY TAKE: A primer on how ransomware arose to the become an enduring scourge

The Last Watchdog

A survey of local media reports by Recorded Future tallied 38 ransomware attacks against cities in 2017, rising to 53 attacks in 2018. insurance giant Beazley Worldwide reported that the average ransomware demand in 2018 was more than $116,000, a figure admittedly skewed by some very large demands. A poll of IT pros in the U.S.,