Security News

Guess what happens when ransomware fiends find 'insurance' 'policy' in your files
2025-04-16 06:25

It involves a number close to three or six depending on the fiend Ransomware operators jack up their ransom demands by a factor of 2.8x if they detect a victim has cyber-insurance, a study...

Now 1.6M people had SSNs, life chapter and verse stolen from insurance IT biz
2025-04-15 20:43

800K? Make that double, and we'll need a double, too, for the pain A Texas firm that provides backend IT and other services for American insurers has admitted twice as many people had their info...

Cyber insurance isn’t always what it seems
2025-03-27 05:30

Many companies think cyber insurance will protect them from financial losses after an attack. But many policies have gaps. Some claims get denied. Others cover less than expected. CISOs must...

Allstate Insurance sued for delivering personal info on a platter, in plaintext, to anyone who went looking for it
2025-03-10 23:11

Crooks built bots to exploit astoundingly bad quotation website and made off with data on thousands New York State has sued Allstate Insurance for operating websites so badly designed they would...

Cyber Insurance Policy
2024-11-07 16:00

As the digital landscape becomes more interconnected, it brings with it the growing threat of cyberattacks. The purpose of this policy, written by Maria Carrisa Sanchez for TechRepublic Premium,...

The future of cyber insurance: Meeting the demand for non-attack coverage
2024-10-25 04:30

In this Help Net Security interview, Michael Daum, Head of Global Cyber Claims for Allianz Commercial, discusses the significant rise in cyber claims in 2024, driven by an increase in data...

Insurance admin Landmark says data breach impacts 800,000 people
2024-10-24 19:10

Insurance administrative services company Landmark Admin warns that a data breach impacts over 800,000 people from a May cyberattack. [...]

Facing the uncertainty of cyber insurance claims
2024-10-24 03:30

Cyber insurance is vital for companies mitigating cyber risks, but the industry still encounters significant challenges, including shifting policy requirements and uncertainty around coverage in...

Troubled US insurance giant hit by extortion after data leak
2024-10-17 23:30

Globe Life claims blackmailers shared stolen into with short sellers US insurance provider Globe Life, already grappling with legal troubles, now faces a fresh headache: an extortion attempt...

Data breaches trigger increase in cyber insurance claims
2024-10-15 03:30

Cyber claims have continued their upwards trend over the past year, driven in large part by a rise in data and privacy breach incidents, according to Allianz. Cyber claims frequency exceeds €1...