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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 127
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Regulatory Update: NAIC Summer 2022 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. The Privacy Working Group has been reviewing state insurance privacy protections regarding the collection, ownership, use, and disclosure of information gathered in connection with insurance transactions.

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The Ongoing Cyber Threat to Critical Infrastructure

Thales Cloud Protection & Licensing

Thu, 07/21/2022 - 12:28. Given the highly regulated nature of the industries that operate CNI, the risks of financial loss due to penalties from lawsuits and legal expenses, lost productivity, and recovery costs as a result of an attack are extremely high. It’s extremely important that leaders look at these strategies in earnest.

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How are the EU member states progressing in their implementation of the NIS Directive?

IT Governance

Implementation status : Transposed, as the National Cyber Strategy of the Czech Republic for 2015–2020. I 2017 of 29 June 2017) amending the Act on the Federal Office for Information Security, Atomic Energy Act, Energy Industry Act, Social Insurance Code V and the Telecommunications Act. Czech Republic.

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Top Cybersecurity Startups to Watch in 2022

eSecurity Planet

Series A Cado Security 2020 London, UK 26 $11.5 Series B Wiz 2020 Tel Aviv, Israel 186 $230.0 Open Raven is committed to data security visibility and compliance for the cloud and brings much cybersecurity industry experience to the table. Series A Evervault 2018 Dublin, Ireland 12 $19.4 Series B SECURITI.ai Open Raven.

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2024 State of Cybersecurity: Reports of More Threats & Prioritization Issues

eSecurity Planet

20,551 gambling industry attacks. 553% increase in DNS Flood attacks from 1H 2020 to 2H 2023. > 54% of all data breaches come from ransomware attacks in manufacturing, healthcare, government, financial, retail, and technology industries. 12% said previous breaches cost US$1 million or more.

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Top VC Firms in Cybersecurity of 2022

eSecurity Planet

Investments in cybersecurity more than doubled from $12 billion to $29.5 Company Sector Year Status Isovalent Cloud security 2020 Private Illumio Cloud security 2015 Private SignalFx Monitoring 2015 Acquired: Splunk CipherCloud Cloud security 2012 Acquired: Lookout Lookout Mobile security 2011 Private. a16z Investments.