The Hartford has partnered with Mimecast, an email and data security company, to offer Mimecast™ Awareness Training services to help its customers reduce the risk of a cybersecurity incident before it occurs. “Cyberattacks continue to evolve and are becoming more sophisticated,” said Tim Marlin, head of cyber underwriting at The Hartford. “Increasingly, employees are targets… Continue reading The Hartford Partners with Mimecast to Help Businesses Reduce the Risk of a Cyber Incident
Tag: cyber security
First American Says Product Defect Could Have Caused Customer Data Exposure
U.S. real estate title insurance company First American Financial Corp said on Friday it had learned of a design defect in one of its production applications that had made possible unauthorized access to customer data. The statement was sent in response to a report by security news website Krebs on Security, which said First American’s… Continue reading First American Says Product Defect Could Have Caused Customer Data Exposure
Beazley: Ransomware Attacks Skyrocket, Q1 2019
Ransomware attacks skyrocketed in the first quarter of 2019, according to the Beazley Breach Response (BBR) Services team, which reports a 105% increase in the number of ransomware attack notifications against clients compared to Q1 2018. Not only has the frequency of attacks increased, but attackers are shifting focus, targeting larger organizations and demanding higher… Continue reading Beazley: Ransomware Attacks Skyrocket, Q1 2019
Cyber Risks to Exceed Natural Disasters for Insurers: Scor CEO
Cyber risks will soon become bigger risks than natural catastrophes for the insurance sector, Scor Chairman and Chief Executive Officer Denis Kessler said, recommending the industry build a comprehensive, common global scale to assess cyber-related incidents. “I dream of a kind of Richter scale for cyber security,” Kessler said at a conference on cybersecurity held… Continue reading Cyber Risks to Exceed Natural Disasters for Insurers: Scor CEO
Financial Firms Spend Up to $3,000 Per Employee on Cybersecurity
Big banks and other financial firms spend as much as $3,000 per employee to defend computer networks from cyber criminals, a survey found, as the industry remains the primary target of such attacks. That would translate to about $750 million annually for JPMorgan Chase & Co. and HSBC Holdings Plc each, based on their 2018… Continue reading Financial Firms Spend Up to $3,000 Per Employee on Cybersecurity
Emerging Trend: Managed Service Providers Targeted with Ransomware
An emerging cyber-attack trend is shifting the paradigm for both cyber-preparedness and incident response: ransomware attacks targeting managed service providers (MSPs). This is, in part, because the size of these attacks can be an order of magnitude larger in terms of the number of entities that are simultaneously affected, and because of the corresponding large-scale… Continue reading Emerging Trend: Managed Service Providers Targeted with Ransomware
Millions of Facebook Records Found on Amazon Cloud Servers
Facebook Inc. user data is still showing up in places it shouldn’t. Researchers at UpGuard, a cybersecurity firm, found troves of user information hiding in plain sight, inadvertently posted publicly on Amazon.com Inc.’s cloud computing servers. The discovery shows that a year after the Cambridge Analytica scandal exposed how unsecure and widely disseminated Facebook users’… Continue reading Millions of Facebook Records Found on Amazon Cloud Servers
Aon Recognized As A Strong Performer for Cybersecurity Incident Response Services
Aon plc, a leading global professional services firm providing a broad range of risk, retirement and health solutions, announced today that Forrester Research named the firm a Strong Performer in its report, The Forrester Wave™: Cybersecurity Incident Response Services, Q1 2019, including a ranking among the top four in the current offering category. The Forrester… Continue reading Aon Recognized As A Strong Performer for Cybersecurity Incident Response Services
Axa-Backed Sayata Labs Raises $6.5M for AI that Assesses Cyber Risk
Sayata Labs, a Tel Aviv startup developing an AI software-as-a-service (SaaS) solution that empowers insurance brokers to assess businesses’ cyber risk, today emerged from stealth with $6.5 million in seed funding led by Elron. CEO and cofounder Asaf Lifshitz said the fresh capital will be used to “accelerate” global operations. “This investment is a vote… Continue reading Axa-Backed Sayata Labs Raises $6.5M for AI that Assesses Cyber Risk
Insurers Creating A Consumer Ratings Service for Cybersecurity Industry
Some of the world’s biggest insurers plan to work together on an assessment of the best cybersecurity defenses available to businesses, an unusual collaboration that highlights the rising dangers posed by digital hackers. The program, which is being launched Tuesday by the Marsh brokerage unit of Marsh & McLennan Cos., will evaluate cybersecurity software and… Continue reading Insurers Creating A Consumer Ratings Service for Cybersecurity Industry