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.
Tag: cyber threats
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.
Common Software Vulnerabilities Predicted to Jump by 25% in 2024: Coalition
The number of software vulnerabilities – a key attack vector for cyber threat actors — continues to rise and is expected to jump by 25% to nearly 35,000 or 2,900 per month in 2024, according to a recent Coalition report.
Nearly a Quarter of SMBs Worry About Cyber Risk Daily: McAfee Survey
Cybersecurity remains a major concern for small businesses worldwide, with 73% of organizations identifying it as a significant risk or vulnerability and nearly one quarter (24%) of SMB owners saying they worry about cyber threats daily, reported McAfee.
Amid Fluctuating and Emerging Business Risks, Cyber Threats Remain a Leading Concern
The Travelers Companies, Inc. today released its 2023 Travelers Risk Index results, and for the ninth straight year, cyber threats were one of the top three business concerns among the 1,200 survey participants from small-, medium- and large-sized companies.
Cyber Threats Once Again at the Top of Travelers Risk Index
According to the 2022 Travelers Risk Index results, cyber threats have been identified as the top overall concern for business decision makers for the third time in four years. More participants believe today’s business environment is riskier than a year ago, and more than half believe a future cyber attack on their company or organization… Continue reading Cyber Threats Once Again at the Top of Travelers Risk Index
Cyber Insurance Firm Coalition Valued at $5 Billion After Fund Raise
Coalition said on Friday it had raised $250 million in a late-stage funding round last month that valued the cyber insurance provider at $5 billion, at a time organizations have been facing an increasing risk of cyber threats. Cybersecurity is a hot market right now, having attracted billions of dollars in investments, thanks to the… Continue reading Cyber Insurance Firm Coalition Valued at $5 Billion After Fund Raise
Ransomware Severity and Costs Increase in 2020
Specialist insurer Beazley has reported that ransomware attacks increased in terms of both severity and costs this year compared to 2019 and have become the biggest cyber threat facing organizations. According to the latest Beazley Breach Insights report, published today, the total cost of ransom payments doubled year-on-year through the first six months of 2020,… Continue reading Ransomware Severity and Costs Increase in 2020
Hackers Target Schools in New Wave of Cyberattacks
Just as school was to start this semester, technology chief Tony Brooks rushed to his office in Athens, Texas. Colleagues said they were unable to access the school district’s network. He logged into his computer. A message popped up: “All your important files are encrypted!” “I immediately freaked out,” said Mr. Brooks. “I got my… Continue reading Hackers Target Schools in New Wave of Cyberattacks
Ransomware: Pay Attention and Get Your Clients the Compliant Help They Need
The recent OFAC and FinCEN governmental advisories surrounding ransomware payments are creating concern and uncertainty for the insurance community. This community is specifically named in the advisories, and that means all Retailers, Wholesalers, MGAs, MGUs, Carriers and Program Administrators need to pay attention and get the right experts on board before an incident occurs. Best… Continue reading Ransomware: Pay Attention and Get Your Clients the Compliant Help They Need