AM Best has assigned a stable outlook to the global cyber insurance segment, citing greater demand and favorable intermediate-term growth prospects as take-up rates steadily improve.
Tag: cyber liability
Arctic Wolf 2024 Trends Report Reveals 70% of Businesses Targeted by BEC Attacks
Arctic Wolf®, a global leader in security operations, published findings from its annual State of Cybersecurity: 2024 Trends Report, based on a global survey the company commissioned from Sapio Research of over 1,000 senior IT and cybersecurity decision-makers from over fifteen different countries.
70% of Firms Faced BEC Attacks in 2023: Arctic Wolf
Business email compromise now ranks as a top attack method, with 70% of organizations saying they’ve faced a BEC attempt in the last year and 29% actually falling victim to at least one attack, according to a new report from Arctic Wolf.
Cyber Threats Rise Along with Scrutiny of How Companies Respond
Cybersecurity threats increased for businesses over the past year, according to a Wall Street Journal survey of compliance professionals.
Roku Says 576,000 User Accounts Hacked after Second Security Incident
Streaming giant Roku has confirmed a second security incident in as many months, with hackers this time able to compromise more than half a million Roku user accounts.
Companies Fall Short on Curbing Cybersecurity Risks from Vendors: Moody’s
Most companies and organizations in the U.S. and Canada fall short on limiting cybersecurity risks from third-party vendors even as they give cyber managers more clout and boost spending on averting attacks, Moody’s Investors Service said in a report.
WTW Launches Tailored Cyber Insurance Solution for SMEs
The challenge of obtaining suitable and affordable coverage is eased with SMEs’ access to cyber solutions from WTW, a leading global advisory, broking, and solutions company.
Alliance of 40 Countries to Vow Not to Pay Ransom to Cybercriminals, U.S. Says
Forty countries in a U.S.-led alliance plan to sign a pledge never to pay ransom to cybercriminals and to work toward eliminating the hackers’ funding mechanism, a senior White House official said on Tuesday.
2023 Toll of Data Breaches and Leaks Already Tops 2022
The total number of data breaches and leaks in 2023 so far has already outpaced last year’s numbers, according to new data from the Identity Theft Resource Center.
White House Pushes K-12 Cybersecurity Following Hacks at LAUSD and Other Schools
Almost a year after hackers exfiltrated 500GB of data including 2,000 student records from the Los Angeles Unified School District, Superintendent Alberto Carvalho joined White House officials in calling for improved cybersecurity at K-12 schools across the nation.