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Cyber Insurance: Higher Premiums, Limited Coverage

Data Breach Today

GAO Report Summarizes Market Trends The increasing number of cyberthreats, especially ransomware attacks, is leading some cyber insurers to raise premiums and limit some coverage in hard-hit sectors, such as healthcare and education, according to a report from the Government Accountability Office.

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Insurance scams via QR codes: how to recognise and defend yourself

Security Affairs

The Postal Police has issued an alert to warn citizens against insurance scams using QR codes. In practice, fake insurance operators contact victims through calls, messages, or sponsorships on social networks, offering policies at advantageous prices. Online companies do not use generic domains or channels such as WhatsApp or Telegram.

Insurance 100
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Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

That’s where cyber insurance may be able to help. According to the Ponemon Institute and IBM, the global average cost of a data breach is $4.24 As the number and severity of data breaches continues to rise, organizations are recognizing that those costs are not theoretical. Cyber Insurance is Booming. That’s a 29.1%

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K12 education giant paid the ransom to the Ryuk gang

Security Affairs

Online education giant K12 Inc. was hit by Ryuk ransomware in the middle of November and now has paid a ransom to avoid data leak. The education company Online education giant K12 Inc. is a for-profit education company that sells online schooling and curricula. “K12 Inc. ” reads the press release.

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Checklist for Getting Cyber Insurance Coverage

Thales Cloud Protection & Licensing

Checklist for Getting Cyber Insurance Coverage. The necessity for cyber-insurance coverage. With cyber attacks amounting to a question of when and not if, cyber insurance becomes crucial for ensuring business continuity and mitigating the business impact of attacks – should they occur. Tue, 05/10/2022 - 05:43.

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Automotive parts giant AutoZone disclosed data breach after MOVEit hack

Security Affairs

American retailer and distributor of automotive parts and accessories AutoZone discloses a data breach after a MOVEit attack. AutoZone disclosed a data breach resulting from the hack of their MOVEit Transfer installation. million Teachers Insurance and Annuity Association of America 2.6 million Genworth 2.5 million PH Tech 1.7

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The State of Maine disclosed a data breach that impacted 1.3M people

Security Affairs

The State of Maine disclosed a data breach that impacted about 1.3 The Government organization disclosed a data breach that impacted about 1.3 Threat actors exploited the zero-day vulnerability CVE-2023-34362 to hack the file transfer platform and steal the data of the organization. million individuals. million Genworth 2.5