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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.

Insurance 128
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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.

Insurance 105
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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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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 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

Phishing 116
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Top 5 Cyber Security Risks for Businesses

IT Governance

In an increasingly digital world, there are an escalating number of cyber security risks for business to address. IT Governance identified more than 1,200 publicly disclosed data breaches in 2021 , while another report found that security incidents cost almost £3 million on average. Poor patch management.

Risk 144
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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.

Phishing 119