Study shows deficiencies in cybersecurity performance increase an organization’s risk of experiencing a cybersecurity incident, whereas strong performance implies a lower risk of an incident occurring.
Tag: cybersecurity
Cybersecurity Top Investment Priority in 2023 for CIOs
Chief information officers have stated that cybersecurity will be their top investment priority in 2023, demonstrating how businesses are racing to manage the business risk posed by escalating threats. Companies are facing an increase in cyberattacks, such as the 2021 Colonial Pipeline ransomware attack, which impacted fuel distribution in the eastern United States. This month,… Continue reading Cybersecurity Top Investment Priority in 2023 for CIOs
Measured Analytics and Insurance Launches AI-Powered Excess Cyber Coverage for SMBs
Measured Analytics and Insurance, the industry’s leading AI-powered cyber insurance provider, has announced its intention to enter the excess cyber insurance market in order to provide more capacity in the cyber coverage marketplace. Measured’s excess policy was built in partnership with brokers, based on their valuable feedback,” Nick Little, Head of Insurance, commented, “best-in-class underwriting… Continue reading Measured Analytics and Insurance Launches AI-Powered Excess Cyber Coverage for SMBs
Uber Hacker Claims Widespread Computer Access Following Breach
Uber Technologies Inc. has responded to a cybersecurity breach allegedly caused by a hacker who claimed to have gained widespread access to the company’s computer systems. “We are currently investigating a cybersecurity incident.” “We are in contact with law enforcement and will post any additional updates here as they become available,” the ride-hailing company said… Continue reading Uber Hacker Claims Widespread Computer Access Following Breach
Companies Can Control Cyber Costs with Product and Technology Risk Selection
With rising demand and dangerous third-party risks, cyber insurance carriers are scrutinizing enterprises’ security postures to the point of limiting or denying coverage based on the presence of specific technologies. Cyber insurance premiums and payouts have risen significantly over the past three years as attack surfaces and adversary techniques have expanded. Customers must comply with… Continue reading Companies Can Control Cyber Costs with Product and Technology Risk Selection
GAO: Potential Federal Cyber Insurance Program Should Avoid Moral Hazard
The Treasury Department’s Federal Insurance Office and the Cybersecurity and Infrastructure Security Agency should consider the danger of creating counterproductive incentives while examining the need for a federal cyber insurance program, according to the Government Accountability Office. “CISA and FIO should jointly assess the extent to which risks to critical infrastructure from catastrophic cyber incidents… Continue reading GAO: Potential Federal Cyber Insurance Program Should Avoid Moral Hazard
APCIA Offers Cybersecurity and Data Security Best Practices for Businesses
With ransomware attacks increasing in both frequency and severity, APCIA and its Cyber Insurance Subcommittee have developed a paper that outlines cybersecurity and data security best practices for businesses. “Prevention is a business’ best defense against a ransomware attack and this paper provides a range of data security hygiene steps that businesses and individuals can… Continue reading APCIA Offers Cybersecurity and Data Security Best Practices for Businesses
Biden’s Russia Cyber Warning Confuses Ill-Prepared Businesses
A day after US President Joe Biden issued a stark warning that a Russian cyberattack “is coming,” members of his administration convened a three-hour conference call with approximately 13,000 people representing businesses, government agencies, and other organizations to discuss the potential threat. The discussion highlighted the difficulties the Biden administration faces in protecting the country… Continue reading Biden’s Russia Cyber Warning Confuses Ill-Prepared Businesses
Ransomware Continues Despite Slowdown of High-Profile Attacks
There hasn’t been a massive attack like the one last May that resulted in gasoline shortages in the months since President Joe Biden warned Russia’s Vladimir Putin that he needed to crack down on ransomware gangs in his country. But it’s a small consolation for Ken Trzaska. Trzaska is the president of Lewis & Clark… Continue reading Ransomware Continues Despite Slowdown of High-Profile Attacks
TSA Issues Directives to Rail Sector to Strengthen Cybersecurity
The Transportation Security Administration (TSA) issued two security directives on Thursday, requiring rail and rail transit groups to take steps to strengthen cybersecurity in the sector, including reporting cyber incidents to the federal government. The security directives require higher-risk freight rail, passenger rail, and rail transit organizations to report cybersecurity incidents to the Cybersecurity and… Continue reading TSA Issues Directives to Rail Sector to Strengthen Cybersecurity