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Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

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Lloyd’s Will No Longer Include Nation-State Attacks in its Cyber Insurance Policies

IT Governance

Lloyd’s of London has announced that its insurance policies will no longer cover losses resulting from certain nation-state cyber attacks or acts of war. In a memo sent to the organisation’s insurance syndicates , Underwriting Director Tony Chaudhry said that Lloyd’s remains “strongly supportive” of policies that cover cyber attacks.

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Catches of the Month: Phishing Scams for April 2023

IT Governance

Welcome to our April 2023 review of phishing attacks, in which we explore the latest email scams and the tactics that cyber criminals use to trick people into handing over personal data. YouTube warns of monetisation scam Content creators on YouTube are being warned about a phishing campaign regarding an apparent “new monetisation policy”.

Phishing 114
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Catches of the Month: Phishing Scams for July 2022

IT Governance

Welcome to our July 2022 review of phishing attacks, in which we explore the latest email scams and the tactics that cyber criminals use to trick people into handing over their personal data. NFT marketplace warns users of phishing scams. NFT marketplace warns users of phishing scams. We are working with Customer.io

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CyberheistNews Vol 13 #13 [Eye Opener] How to Outsmart Sneaky AI-Based Phishing Attacks

KnowBe4

CyberheistNews Vol 13 #13 | March 28th, 2023 [Eye Opener] How to Outsmart Sneaky AI-Based Phishing Attacks Users need to adapt to an evolving threat landscape in which attackers can use AI tools like ChatGPT to craft extremely convincing phishing emails, according to Matthew Tyson at CSO. "A We must ask: 'Is the email expected?

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Catches of the month: Phishing scams for June 2020

IT Governance

One of the more damaging side-effects of the coronavirus pandemic has been the increase in targeted phishing scams. As of 15 May, the UK’s cyber crime agency had uncovered 7,796 phishing emails linked to COVID-19. Phishing is just one of many security problems that the coronavirus pandemic is causing organisations.

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Catches of the month: Phishing scams for July 2021

IT Governance

Welcome to July’s review of phishing scams, in which we look at criminals’ latest tactics and provide examples of successful frauds. The number of officially reported HMRC-branded phishing scams increased from 572,029 in the 2019–2020 fiscal year to 1,069,522 in 2020–2021, according to data obtained under the Freedom of Information Act.