Collaborate Disseminate
Aerial image and data intelligence firm Nearmap’s recent acquisition of Betterview will allow the company to make insurance decisions faster and speed up claims during natural disasters. Continue reading Nearmap’s Aerial Image Data and AI Is Streamlining How Insurers Can Rate and Price Risk in Australia
By Waqas
The hackers are selling the trove of data for $50,000 in Bitcoin (BTC) or Monero (XMR) cryptocurrency.
This is a post from HackRead.com Read the original post: Russia’s 2nd-Largest Insurer Rosgosstrakh Hacked; 400GB of Data Sold Online
Continue reading Russia’s 2nd-Largest Insurer Rosgosstrakh Hacked; 400GB of Data Sold Online
Overall cyber insurance claims frequency increased by 12% in the first half of 2023, according to Coalition. Increase in ransomware claims frequency Coalition found that both claims frequency and severity rose for businesses in early 2023 across all re… Continue reading Ransomware cyber insurance claims up by 27%
Not long ago, the corporate world was enthralled with the promise of digital transformation. But in the midst of the digital revolution, people were paying less attention to security than they probably should have. The business advantages of digital transformation may be obvious. So how do we account for the associated security risks and costs? […]
The post Was the digital transformation worth it, security-wise? appeared first on Security Intelligence.
Continue reading Was the digital transformation worth it, security-wise?
By Habiba Rashid
The leaked database contained a staggering 96,175 folders that housed 255,756 records, totaling a size of 93.93 GB.
This is a post from HackRead.com Read the original post: US Auto Insurance Price Comparison Site RateForce Leaks Massiv… Continue reading US Auto Insurance Price Comparison Site RateForce Leaks Massive PII Data
New paper: “Lessons Lost: Incident Response in the Age of Cyber Insurance and Breach Attorneys“:
Abstract: Incident Response (IR) allows victim firms to detect, contain, and recover from security incidents. It should also help the wider community avoid similar attacks in the future. In pursuit of these goals, technical practitioners are increasingly influenced by stakeholders like cyber insurers and lawyers. This paper explores these impacts via a multi-stage, mixed methods research design that involved 69 expert interviews, data on commercial relationships, and an online validation workshop. The first stage of our study established 11 stylized facts that describe how cyber insurance sends work to a small numbers of IR firms, drives down the fee paid, and appoints lawyers to direct technical investigators. The second stage showed that lawyers when directing incident response often: introduce legalistic contractual and communication steps that slow-down incident response; advise IR practitioners not to write down remediation steps or to produce formal reports; and restrict access to any documents produced…
Continue reading How Attorneys Are Harming Cybersecurity Incident Response
The finance and insurance sector proved a top target for cybersecurity threats in 2022. The IBM Security X-Force Threat Intelligence Index 2023 found this sector ranked as the second most attacked, with 18.9% of X-Force incident response cases. If, as Shakespeare tells us, past is prologue, this sector will likely remain a target in 2023. […]
The post 2022 Industry Threat Recap: Finance and Insurance appeared first on Security Intelligence.
Continue reading 2022 Industry Threat Recap: Finance and Insurance
A ransomware outfit is advising its victims to secretly tell them how much insurance they have, so their extortion demands will be met.
Read more in my article on the Tripwire State of Security blog. Continue reading HardBit ransomware tells corporate victims to share their cyber insurance details
Akko Electronic Protection covers drops, spillages, other damage, loss and even theft.
The post Insure 25 devices for a year with Akko for $142 appeared first on TechRepublic.
Continue reading Insure 25 devices for a year with Akko for $142
The scope of what insurers are covering is also narrowing as costs go up, said an association representative.
The post Water companies are increasingly uninsurable due to ransomware, industry execs say appeared first on CyberScoop.
Continue reading Water companies are increasingly uninsurable due to ransomware, industry execs say