This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Do You Need Cybersecurity Insurance and Do You Qualify for It? Statistics show that businesses lost over $6 trillion in 2021. It will also be challenging for businesses without insurance coverage because they will incur more losses that stall their growth and continuity. What is Cybersecurity Insurance?
Changes Continue in Cyber Insurance by Pure Storage Blog An ounce of prevention is worth a pound of cure certainly applies to physical health. Prevention begins with having a robust cybersecurity plan in place, along with sufficient insurance to manage risk. In 2010, cyber insurance premiums totaled a mere $600,000.
In one of the afternoon’s sessions, “Identify and Solve Any Organizational DEI Issue In One Hour,” presenter Layne Kertamus, professional in residence of risk management and insurance at Utah Valley University, explored “new ways to talk about what needs to be said, and what needs to be listened to.”.
The Colonial Pipeline ransomware attack in 2021 forced the shutdown of a major U.S. Also, cyber insurance premiums have risen dramatically as insurers face increasing claims, further straining budgets. Lack of multi-factor authentication (MFA): Systems without MFA are more vulnerable to unauthorized logins.
Incident 1: Malicious Web Browser Update A large insurance company with a nationwide presence was the victim of a ransomware attack that began with a social engineering scheme. In late 2021, the company’s employees found that they could not access digital files as usual—the result of a malware infection.
Incident 1: Malicious Web Browser Update A large insurance company with a nationwide presence was the victim of a ransomware attack that began with a social engineering scheme. In late 2021, the company’s employees found that they could not access digital files as usual—the result of a malware infection.
Experts recommend the following: Multifactor authentication (MFA): This requires at least two forms of identity verification for login, which effectively stymies unauthorized logins using compromised credentials. 2021, May 4). 2021, May 7). Conduct risk assessment to verify third party’s security practices. link] Security.
energy company, was hit with a ransomware cyberattack on May 7th, 2021, which forced it to halt all operations on its major pipeline that delivers roughly 45% of all fuel consumed on the east coast. Having multi-factor authentication also limits unauthorized users to access data. Colonial Pipeline Hack: Failure in Risk Management.
A Spotlight on Critical Infrastructure The pipeline disruption of 2021 taught us a valuable lesson: Taking out one critical infrastructure provider can have a devastating ripple effect. Beyond multifactor authentication and password strategies, everyone should keep security top of mind. Training everyone to be a security expert.
Data from ESG research shared during Pure//Accelerate® Digital 2021. Whether you choose to pay or not, you could incur additional costs such as shareholder lawsuits, regulatory compliance suits, increased insurance premiums, loss of intellectual property, and other investigations. Multifactor-authenticated, immutable snapshots.
Experts recommend the following: Multifactor authentication (MFA): This requires at least two forms of identity verification for login, which effectively stymies unauthorized logins using compromised credentials. 2021, May 4). 2021, May 7). Conduct risk assessment to verify third partys security practices. Infosecurity Magazine.
The Infrastructure Investment and Jobs Act of 2021 (IIJA), the most significant investment in U.S. A key program objective is providing cyber-physical security solutions such as bolstering security access to government networks with multifactor authentication solutions that are provided by the security industry.
In 2021 the average cost rose to $9.41 And that suffering now extends far beyond the potential for Health Insurance Portability and Accountability Act ( HIPAA ) regulatory non-compliance brought on by lost or stolen data; instead, the breaches affect healthcare organizations’ capacity to function and pose a risk to patient safety.
Meanwhile, industry analyst firm Gartner has recently stated that the “threat of new ransomware models is the top emerging risk facing organizations” and correspondingly published its “ Top 8 Cybersecurity Predictions for 2021-2022.”. For organizations that are prepared, the benefits are obvious.
This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Embrace Access Control: Implement strong authentication and authorization protocols to ensure only authorized applications and users can access data. Upholding good cyber hygiene.
This is likely to impact industries where transparency matters, such as healthcare, financial services, and insurance. Embrace Access Control: Implement strong authentication and authorization protocols to ensure only authorized applications and users can access data. Upholding good cyber hygiene.
We organize all of the trending information in your field so you don't have to. Join 25,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content