In a recent study, Gallagher Re, a leading global reinsurance broker, uncovered a crucial link between cybersecurity weaknesses and higher insurance claims.
Tag: cybersecurity
Zurich and Marsh McLennan Sound Alarm on Cybersecurity Gaps
In a joint whitepaper, Closing the Cyber Risk Protection Gap, Zurich Insurance Group and Marsh McLennan highlight the growing divide between increasing cyber threats and the current ability of both businesses and insurers to mitigate them.
Navigating the Risks of AI-Enhanced Phishing Attacks
Generative AI is revolutionizing many industries, including insurance. However, it also introduces new risks, particularly in the realm of cybersecurity.
U.S. Imposes Sanctions on Russia’s AO Kaspersky Lab Executives Over Cyber Risks
The Biden administration slapped sanctions on 12 people in senior leadership roles at AO Kaspersky Lab on Friday, citing cybersecurity risks a day after it announced plans to bar the sale of the Russian company’s antivirus software.
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.
Kaiser Notifies Millions of Its Members of a Privacy Data Breach
About 13.4 million current and former Kaiser Permanente members and patients were potentially impacted by a privacy breach, the health care provider said.
ITRC: Data Breach Notices Nearly Doubled in Q1 2024
The number of publicly reported data compromise events jumped 90% year-over-year in the first quarter of 2024, with the number of organizations falling victim to supply chain attacks nearly tripling, according to recent data from the Identity Theft Resource Center (ITRC).
Microsoft Is Faulted for ‘Inadequate’ Cyber Practices in U.S. Report
A Chinese-state intrusion last year of Microsoft Corp. technology that enabled hackers to gather US officials’ emails “should never have occurred,” according to a report released Tuesday from a government cyber review board.
Why Are Data Breaches Still Rising Amid Increased Cybersecurity?
Organizations are spending more money than ever on cybersecurity—an estimated $188 billion globally in 2023, a figure expected to grow to almost $215 billion in 2024—yet hackers always seem to stay a step ahead.
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.