CFOtech UK - Technology news for CFOs & financial decision-makers

Cyber insurance stories

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AI-driven cyberattacks and defences to create a battle of algorithms in 2024
Last month
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cloud security
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ai
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cybersecurity
In 2024, it’s clear that cybersecurity will remain a top priority for organisations and governments worldwide.
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Businesses challenged by supply chain cybersecurity threats
Thu, 21st Dec 2023
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ai
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cybersecurity
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relationships
97% of UK firms face ongoing supply chain cyber threats, enduring negative impacts in the past year, reveals BlueVoyant.
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Australian business increasingly seek cybersecurity services
Thu, 14th Dec 2023
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data protection
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nz
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government
Cybersecurity firm Tesserent reports a notable rise in demand for services from Australian company directors and boards.
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UK government departments show apathy towards cyber insurance
Wed, 13th Dec 2023
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endpoint protection
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compliance
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edr
Most UK government departments display a worrying disregard for cyber insurance, ignoring potential financial and data risks.
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75% of critical infrastructure sectors faced ransomware attacks, reveals Claroty
Thu, 7th Dec 2023
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ai
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physical security
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claroty
Research by cybersecurity firm Claroty reveals 75% of critical infrastructure sectors experienced ransomware attacks in the past year.
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2024 set to bring uncertainty when it comes to cybersecurity
Wed, 6th Dec 2023
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quantum computing
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rpa
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compliance
Darren Humphries, Acora's CISO, discusses cybersecurity challenges in 2024, spotlighting AI threats and strategies.
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Why Whac-A-Mole is not a strategy for defending against ransomware attacks
Thu, 23rd Nov 2023
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cloud services
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ransomware
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cybersecurity
SMBs should also consider strong personnel practices and awareness to implement a better defensive strategy than Whac-A-Mole.
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Majority of Aussie businesses ready to pay cyber ransom, survey shows
Tue, 14th Nov 2023
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ransomware
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partner programmes
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business
73% of Australian businesses have been victims of cyber attacks in the past 5 years, according to a report by McGrathNicol Advisory.
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BeyondTrust experts forecast key cybersecurity threats for 2024
Wed, 1st Nov 2023
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voip
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contact centre
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malware
BeyondTrust’s cybersecurity experts predict the main global threats for 2024, including advanced AI threats and a rise in subscription-based model risks.
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Cyber insurance: What role DevSecOps could soon play
Tue, 17th Oct 2023
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pam
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devops
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application security
Cyber insurers today expect their customers to take proactive security measures, including identity and access management.
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Splunk's 2023 CISO report reveals increasingly disrupted landscape
Fri, 13th Oct 2023
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siem
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digital transformation
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compliance
Disrupted cyber attacks are on the rise according to Splunk's CISO Report, with 90% of orgs hit in the past year and 83% paying ransoms.
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Delinea introduces MFA enforcement in its Secret Server offering
Thu, 28th Sep 2023
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pam
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micro-credentials
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breach prevention
Delinea Secret Server introduces MFA enforcement at depth to meet increasingly stringent cyber insurance requirements.
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Cyber insurance claims increased in first half of 2023
Fri, 22nd Sep 2023
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cybersecurity
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cyber attacks
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cyber insurance
The frequency and severity of cyber insurance claims both increased for businesses in 1H 2023, a new report finds.
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Delinea research reveals emerging cyber insurance gap
Thu, 31st Aug 2023
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accounting systems
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digital banking
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censuswide
Delinea reveals a significant cyber insurance gap is emerging as providers evolve to reduce their exposure while organisations ignore the fine print.
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Delinea and Conversational Geek publish a cyber insurance resource
Fri, 28th Jul 2023
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pam
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cybersecurity
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delinea
The second edition of the eBook is updated and expanded and includes privileged access management requirements for cyber insurance in 2023.
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Cowbell appoints Andrea Collins as Chief Marketing Officer
Thu, 18th May 2023
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expansion
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global communications
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workplace culture
Cyber insurance provider Cowbell announces appointment of Andrea Collins as first CMO, following continued corporate growth & global expansion.
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Somerville partners PSC to help firms take cyber insurance
Tue, 9th May 2023
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ransomware
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advanced persistent threat protection
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dlp
The partnership will provide organisations with a cyber insurance checklist supporting their requirements for tailored cyber insurance policies.
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Espria implores business leaders to review cyber insurance
Fri, 28th Apr 2023
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compliance
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security vulnerabilities
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risk intelligence & compliance
Espria has issued a warning to all business leaders in the UK that now is the time to review the small print of any corporate insurance contracts.
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50% of companies fell victim to ransomware in the last year
Thu, 27th Apr 2023
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firewall
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accounting systems
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ransomware
Multiple key revelations are found in the report, and they all point to the continued threat of ransomware globally as they remain at peak levels.
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BizCover continues to excel with new cyber insurance offering
Thu, 27th Apr 2023
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cybersecurity
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cybercrime
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retail
Cybercrime is targeting small businesses more frequently, with Australian SMEs at high risk. Cyber insurance is now a necessity, says BizCover.
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68% of organisations experienced a known cyberattack within the last 12 months
Fri, 21st Apr 2023
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cybersecurity
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cios
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netwrix
Over two-thirds of organisations have experienced a cyberattack in the past year, with 16% estimating the damage at $50k or more, says Netwrix report.
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You’ve dealt with the ransomware, how come it’s back?
Thu, 20th Apr 2023
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ransomware
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firewall
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breach prevention
The research shows that in 2022, 33% of Australian ransomware victims were hit more than once, highlighting the need for improved cybersecurity measures.
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Businesses not confident cyber insurance will cover cyber risk
Fri, 3rd Mar 2023
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ransomware
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cybersecurity
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cyber insurance
Cyber security decision makers lack confidence in their cyber insurance, with only 19% sure it will cover their risks in 2023, according to a report by CSI.
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Australian economy at risk of losing billions to cyber attacks
Thu, 3rd Nov 2016
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cloud services
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iot
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gdpr
Cyber attacks could cost Australia up to $16bn, according to a new study by specialist insurance firm Lloyd's. Sydney is the 12th most at-risk city.