Pure Storage

MARCH 6, 2024

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.

Insurance 98

Insurance Insurance Cybersecurity Marketing 98

IT Governance BC

JULY 30, 2024

According to Parametrix , an insurance company specialising in Cloud outages, cyber insurance policies likely cover up to 10–20% of losses only. Perhaps the best comparison is the Suez Canal blockage from 2021. Then there’s insurance. In just a few days, between 18 and 22 July, CrowdStrike ($CRWD) lost 23.1%

Business Continuity 92

Business Continuity Insurance Insurance Outage 92

NexusTek

OCTOBER 8, 2024

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.

Cybersecurity 98

Cybersecurity Backup Authentication Insurance 98

NexusTek

FEBRUARY 8, 2023

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.

Cybersecurity 98

Cybersecurity Backup Authentication Insurance 98

OffsiteDataSync

SEPTEMBER 27, 2021

According to Nuspire’s 2021 Q2 Quarterly Threat Landscape Report , the second quarter saw a 55.240% increase in ransomware activity with the attacks becoming “more common and more damaging”. But, a number of industries have been hit this year including agriculture , manufacturing , entertainment , insurance , and more.

Entertainment 52

Entertainment Malware Disaster Recovery Insurance 52

Pure Storage

DECEMBER 17, 2024

Once installed, the malware locks critical files and displays a ransom note demanding payment, often in cryptocurrency. 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.

Security 52

Security Vulnerability Cybersecurity Cyber Resilience 52

Reciprocity

APRIL 4, 2022

Digital risk protection (DRP) refers to cybersecurity measures that aim to prevent data breaches, malware, identity theft, and other forms of cyber crime. million, according to the 2021 Verizon Data Breach Investigations Report. Which areas in your systems and networks expose you to attack or malware? Vulnerabilities.

Mitigation 52

Mitigation Malware Cybersecurity Media 52