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Third-party contractor compromise exposed health information and insurance billing passwords
ASRM transforms cyber insurance underwriting by integrating real-time risk assessments, advanced tools (NDR, EDR, Cloud Security, MDR), and proactive mitigation strategies to improve accuracy, reduce claims, and build trust.
Sector Uses Multifactor, Eschews Cloud, Can't Afford Cyber InsuranceThe oil and gas industry has high levels of cyber awareness and low levels of cyber insurance, says a sectoral assessment from credit rating agency Moody's. The sector has experienced a clutch of high-profile attacks including a high-profile 2021 incident at Colonial Pipeline.
The dangerous ransomware group is targeting financial and insurance sectors using smishing and vishing against IT service desk administrators, cybersecurity teams, and other employees with top-level privileges.
And that's not counting the incoming lawsuits. Thank goodness for insurance, eh? Rackspace's costs from last year's ransomware infection continue to mount: the cloud hosting biz told America's financial watchdog, the SEC, its total expenses to date regarding that cyberattack have now reached about $11 million.…
While cloud-based email offers more security than on-premises, insurance firms say it matters whether you use Microsoft 365 or Google Workspace.
Compliance acts as primary driver for obtaining cyber insurance, but budget constraints hinder efforts.
Cloud migration, DevSecOps, cyber insurance, and more have emerged as important motivators for cybersecurity investment and focus.