Thales Cloud Protection & Licensing

FEBRUARY 15, 2023

Double extortion ransomware is a growing type of cyber-attack in which a victim’s sensitive data is first stolen, and then encrypted, giving the criminal the option of demanding two separate ransom payments. Data is compromised and already in criminal hands Already-exfiltrated sensitive data constitutes one of the most concerning trends.

Ransomware 71

Ransomware Encryption Security awareness Cybersecurity 71

eSecurity Planet

JULY 12, 2022

Screens then started to display a ransom demand, which said files had been encrypted by the NetWalker ransomware virus. Cyber Insurer Provides Help. As Spectra Logic had the foresight to take out cyber insurance , Chubb representatives were professional and helpful, according to Mendoza. The ransom demand was $3.6

Ransomware 144

Ransomware Insurance Cybersecurity Passwords 144

eDiscovery Daily

JANUARY 30, 2020

This while the Insurance Journal reported (via Reuters – hat tip again to Ride the Lightning) last week that U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers after a surge of costly claims. Where did I find that out? It’s the RTL trifecta! : o ).

Ransomware 69

Ransomware Cybersecurity Insurance Education 69

HL Chronicle of Data Protection

MAY 13, 2019

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

Insurance 40

Insurance Cybersecurity Data breaches Financial Services 40

Thales Cloud Protection & Licensing

OCTOBER 5, 2022

Along with celebrating Cyber Security Awareness Month, several exciting events are taking place across the world, aiming to educate people on the latest trends in cybersecurity and privacy. On 26 October , we co-host a workshop on cybersecurity insurance with Infinigate. GITEX GLOBAL, 10-14 October, Dubai. Find more details here.

Cybersecurity 87

Cybersecurity Cloud Digital transformation Sales 87

HL Chronicle of Data Protection

OCTOBER 21, 2019

Regulators, industry experts, and researchers provided insight into health privacy and security enforcement trends, emerging threats, and new tools at a recent conference focused on the Health Insurance Portability and Accountability (HIPAA) regulatory framework. Enforcement Trends and Priorities. Emerging Trends in Breaches.

Risk 40

Risk Compliance Privacy Phishing 40

IBM Big Data Hub

APRIL 24, 2024

A navigation app anonymizes activity data before analyzing it for travel trends. The app heavily encrypts all user financial data. Deploying privacy protections: The app uses encryption to protect data from cybercriminals and other prying eyes. The user can accept or reject each use of their data individually.

Data Privacy 83

Data Privacy Privacy GDPR Personal data 83

eSecurity Planet

FEBRUARY 16, 2021

All of your files are encrypted with RSA-2048 and AES-128 ciphers.” ” Or you might see a readme.txt stating, “Your files have been replaced by these encrypted containers and aren’t accessible; you will lose your files on [enter date] unless you pay $2500 in Bitcoin.” IMPORTANT INFORMATION !!!

Ransomware 97

Ransomware Encryption Insurance Cloud 97

eSecurity Planet

OCTOBER 18, 2021

” Cyber Insurance No Longer Reliable. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. ” Crockett said unofficial numbers indicate that only about 10 percent of such cyber insurance claims are paid out. “And the war can be multi-pronged.

Ransomware 104

Ransomware Insurance Digital transformation Cybersecurity 104

Security Affairs

AUGUST 28, 2019

Trend Micro revealed that the TA505 group that is behind the Dridex and Locky malware families continue to make small changes to its operations. In the middle of July, Trend Micro observed for the first time attacks leveraging. and which used emails with subjects pertaining to finance or urgent concerns on insurance policies.

e-Delivery 76

e-Delivery Insurance Retail Government 76

Data Matters

AUGUST 19, 2020

On July 21, 2020, the New York State Department of Financial Services (NYDFS or the Department) issued a statement of charges and notice of hearing (the Statement) against First American Title Insurance Company (First American) for violations of the Department’s Cybersecurity Requirements for Financial Services Companies, 23 N.Y.C.R.R.

Financial Services 68

Financial Services Cybersecurity Insurance Risk 68

eSecurity Planet

SEPTEMBER 10, 2021

For ransomware attacks where network data gets encrypted , backups are the definitive method for restoring network infrastructure. Whereas before, ransomware gangs would only encrypt a network’s data and (maybe) release the decryption key upon payment, today’s attackers are taking their network access a step further.

Ransomware 120

Ransomware Encryption Cybersecurity Access 120

Thales Cloud Protection & Licensing

APRIL 18, 2023

Be in control of your encryption keys and their location, and how to control access to your sensitive data and digital services to comply with emerging data sovereignty requirements. By attending our live sessions at the Thales booth, you will learn how to: Discover and classify your data wherever it resides.

Security 71

Security Digital transformation Privacy Cybersecurity 71

DLA Piper Privacy Matters

FEBRUARY 7, 2019

Here is our take on the underlying law and the recent trends. What is strong encryption today may be easily hacked in a year’s time – and encryption upgrades (just one element of good security) don’t come cheap. Obligations – the source of liability. Types of liability.

GDPR 49

GDPR Risk Data breaches Personal data 49

The Last Watchdog

AUGUST 1, 2019

That includes social security and social insurance numbers, bank account numbers, phone numbers, birth dates, email addresses and self-reported income; in short, just about everything on an identity thief’s wish list. In addition, sensitive data was not encrypted at rest, and no one was auditing access logs. This was the Perfect Storm.

Data Privacy 198

Data Privacy Privacy Data breaches Cloud 198

Thales Cloud Protection & Licensing

FEBRUARY 15, 2018

Other cases include health information being stolen and sold to life insurance companies, home breakings being timed for when people are not home based on hacked thermostat information and much more. For example, are they encrypting their data? But like many trends, I’m not sure this one is here to stay.

IoT 89

IoT Encryption Military Insurance 89

eSecurity Planet

JULY 8, 2022

DR trending toward increased data protection and resiliency. The global cost of ransomware has risen from $325 million to $20 billion from 2016 to 2021, and on average, only 65% of encrypted data was restored after a ransom was paid. See the Best Backup Solutions for Ransomware Protection. Top DR Solutions Including Security Features.

Ransomware 142

Ransomware Cloud Encryption Marketing 142

Data Matters

OCTOBER 12, 2021

This year’s report is out, and confirms the continuation of a troubling trend. Protect sensitive data in cloud environments using policy and encryption.”. These threats lead to direct costs on victims, and these costs have also grown exponentially in recent years, as readers of the famed annual Ponemon data breach report well know.

Data breaches 97

Data breaches Security Compliance Cloud 97

eSecurity Planet

SEPTEMBER 14, 2022

Finance and insurance finished a close second at 22.4%. Finance and insurance companies were particularly vulnerable to the sort of phishing scams we’re talking about. According to the 2021 IBM Threat Force Intelligence Index , Manufacturing was the industry most likely to be attacked last year, comprising 23.2%

Energy and Utilities 120

Energy and Utilities Phishing Blockchain Cybersecurity 120

Hunton Privacy

MAY 16, 2017

The ransomware, known as “WannaCry,” leverages a Windows vulnerability and encrypts files on infected systems and demands payment for their release. Affected entities also may face lawsuits from their business partners whose data is involved in the attack, and often battle insurers over coverage of costs associated with the attack.

Ransomware 61

Ransomware Insurance Access Information Security 61

eSecurity Planet

OCTOBER 14, 2022

According to Ryan Lackey, Chief Security Officer at cryptoasset insurance company Evertas: “For example, a system may work one way — though differently than specified — in practice, then a user might design a relying system with the expectation that the altered behavior will continue.

Cybersecurity 120

Cybersecurity Blockchain Insurance Security 120

Krebs on Security

AUGUST 6, 2020

A group of thieves thought to be responsible for collecting millions in fraudulent small business loans and unemployment insurance benefits from COVID-19 economic relief efforts gathered personal data on people and businesses they were impersonating by leveraging several compromised accounts at a little-known U.S.

Insurance 340

Insurance Communications Authentication Access 340

Thales Cloud Protection & Licensing

APRIL 5, 2018

Key Findings from the 2018 Global Encryption Trends Study. No core technologies are more fundamental to data protection than encryption and key management. We’ve just released the results from our Global Encryption Trends Study which once again show positive growth in the use of encryption across a wide variety of use cases.

Encryption 48

Encryption Cloud IoT e-Discovery 48

HL Chronicle of Data Protection

MARCH 14, 2019

The Director of the FTC’s Bureau of Consumer Protection, Andrew Smith, stated that the “proposed changes are informed by the FTC’s almost 20 years of enforcement experience” and are designed to “keep up with marketplace trends and respond to technological developments.” Specific information security measures.

Privacy 40

Privacy Risk Cybersecurity Information Security 40

eSecurity Planet

AUGUST 27, 2021

Encryption pioneer RSA Security’s products include their integrated risk management solution known as Archer. CSTAR scores have the added functionality for use as evidence for cybersecurity insurance. Trends in 3rd-Party Risk Management. RSA Archer Insight. On Gartner Peer Insights, UpGuard holds an average score of 4.5/5

Risk 130

Risk Compliance Marketing Cybersecurity 130

eSecurity Planet

JANUARY 21, 2021

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. Insurance & claims management. Riskonnect. Back to top. Audit management. Inspection management. Document control. Back to top.

Compliance 67

Compliance Risk Government Retail 67

KnowBe4

APRIL 25, 2023

link] [Head Scratcher] More Companies With Cyber Insurance Are Hit by Ransomware Than Those Without? In an interesting twist, new data hints that organizations with cyber insurance may be relying on it too much, instead of shoring up security to ensure attacks never succeed. Date/Time: Wednesday, May 3, @ 2:00 PM (ET) Save My Spot!

Insurance 76

Insurance Security awareness Phishing Ransomware 76

The Security Ledger

OCTOBER 23, 2018

In this episode of the podcast (#117), we go deep on one of the hottest sectors around: cyber insurance. In the first segment, we talk with Thomas Harvey of the firm RMS about the problem of “silent cyber” risk to insurers and how better modeling of cyber incidents is helping to address that threat. Read the whole entry. »

Insurance 40

Insurance Risk Digital transformation Ransomware 40

eSecurity Planet

JANUARY 21, 2021

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. Insurance & claims management. Riskonnect. Back to top. Audit management. Inspection management. Document control. Back to top.

Compliance 57

Compliance Risk Government Retail 57

Privacy and Cybersecurity Law

NOVEMBER 8, 2018

Inferences drawn from any of the information identified” above “to create a profile about a consumer reflecting the consumer’s preferences, characteristics, psychological trends, preferences, predispositions, behavior, attitudes, intelligence, abilities, and aptitudes.”. Personal information does not include publicly available information.

Privacy 58

Privacy Sales Compliance Cybersecurity 58

The Last Watchdog

DECEMBER 3, 2018

Office of Personnel Management , I’ve had insurance coverage from Premera Blue Cross and I’ve stayed at the Marriott Marquis in San Francisco. This may be an emerging trend with hacking organizations, to target large pools of passport data. Related: Uber hack shows DevOps risk. How could a breach like this continue for four years?

Authentication 157

Authentication Military Access Insurance 157

eDiscovery Daily

JUNE 6, 2018

health care, incorrect information can creep in when patient data gets re-entered multiple times by doctors’ offices, insurers and hospital staff. For healthcare records systems, this can put patients, insurers, and providers literally on the same page, providing secure and accurate information for all stakeholders across the board.

Blockchain 31

Blockchain Insurance Education Encryption 31

Privacy and Cybersecurity Law

NOVEMBER 9, 2018

Inferences drawn from any of the information identified” above “to create a profile about a consumer reflecting the consumer’s preferences, characteristics, psychological trends, preferences, predispositions, behavior, attitudes, intelligence, abilities, and aptitudes.”. Personal information does not include publicly available information.

Privacy 58

Privacy Sales Education Compliance 58

eSecurity Planet

APRIL 26, 2024

Virtual private networks (VPNs): Secure remote user or branch office access to network resources through encrypted connections to firewalls or server applications. Apply encryption protocols and other security measures to connections between computers. Communication protocols (TCP, HTTPS, etc.):

Security 104

Security Cloud Cybersecurity Risk 104

eSecurity Planet

FEBRUARY 11, 2021

With these tools, all passwords for an account are stored in a unique, encrypted vault only accessible using a key that the individual user possesses. This solution offers true two-factor authentication and impressive encryption capabilities. Top Password Manager Software. Password auto-filling. Multi-factor authentication.

Passwords 52

Passwords Encryption Authentication Cloud 52

eSecurity Planet

OCTOBER 21, 2021

For the report, Cyentia used information from insurance provider Advisen’s Cyber Loss Data, which the authors said contains almost 100,000 cyber events collected from various publicly verifiable sources. “But it still serves as a reminder of risk accumulation.

Security 123

Security Ransomware Risk Cybersecurity 123

Thales Cloud Protection & Licensing

APRIL 21, 2021

The past year has fuelled this trend, as companies have been forced to improve their remote work capabilities. But behind the scenes, this emergence of often untrusted devices (BYOD) and an increased adoption of unsanctioned applications (a trend called “Shadow IT”) has led to security nightmares for IT departments. Encryption.

Risk 77

Risk Cloud Digital transformation Encryption 77