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Would ‘Medicare for All’ help secure health data?

DISCLAIMER: This post is not partisan, but rather focuses on risk assessment based on history and what threats we are facing in the future. We do not endorse any healthcare plan style in any way, outside of examining its data security risk. For many folks, the term ‘Healthcare for All’ brings up an array of emotions ranging from concern to happiness, and
Publish At:2019-11-26 21:50 | Read:1158 | Comments:0 | Tags:Government Privacy Security world adam kujawa AMCA American

A week in security (October 7 – 13)

Last week on Malwarebytes Labs, we peered into the possible future of cybersecurity insurance, described the process for securing today’s managed service provider, and provided an in-depth explainer on the business espionage tactic known as “war shipping.” Further, in considering the intersection of National Cybersecurity Awareness Month and National Dom
Publish At:2019-10-14 23:20 | Read:816 | Comments:0 | Tags:A week in security amazon body cams bots chrome cybersecurit

Cyber insurance: here to stay, whether we like it or not

Cyber insurance has been a big talking point in infosec circles for many months now. We’ve mentioned it in passing ourselves a few times, usually in relation to ransomware attacks. This isn’t surprising; ransomware may not be the threat that brought cyber insurance to life, but it absolutely helped to supercharge it. Depending on where in the world you resid
Publish At:2019-10-10 11:20 | Read:825 | Comments:0 | Tags:Ransomware backups claims cyber insurance cybersecurity poli

Is it Time to Buy Cyber Insurance?

It may be time to buy cyber insurance for your business. There are a lot of choices and ways to go about doing this, and all firms start out at the same place — offering reimbursement in case you suffer a data or financial loss. But they end up in different places: Some vendors have insurance policy add-ons to your traditional business liability insurance, w
Publish At:2017-02-06 17:05 | Read:4050 | Comments:0 | Tags:Data Protection Data Breach Data Security Endpoint Endpoint

Ransomware Attack Leads LA School to Fork Over $28K in Ransom

A school located in Los Angeles County, California has paid computer criminals 28,000 USD after it suffered a ransomware attack.Officials at Los Angeles Valley College (LAVC) came to the decision after a ransomware infection left them with no way to recover their organization’s encrypted data.As the school explains in an update (PDF):“In consulta
Publish At:2017-01-10 17:20 | Read:5719 | Comments:0 | Tags:Latest Security News Bitcoin decryption insurance LAVC ranso

More Executives Turn to Cyber Risk Transfer

As cyber threats grow in scope and potential impact, the complexity of enterprise digital data protection grows to astonishing proportions. Last year, a Fortune 500 survey revealed that cyber security is the second biggest concern for CEOs, who keep looking for new solutions to keep their data safe and their clients happy.The enterprise data is worth more t
Publish At:2016-01-06 02:10 | Read:4079 | Comments:0 | Tags:Featured Articles Security Awareness Cyber Risk insurance Ma

Risk Mitigation, Breach Notification Drives Increased Interest in Cyber Insurance in Europe

Rising boardroom interest in cyber insurance cover has been sparked by a number of well publicized data breaches and the prospect of bigger data breach penalties under new EU data protection laws.In April, Lloyds of London said that it has seen a 50 percent increase in demand for cyber insurance products during the first three months of 2015 compared to the
Publish At:2015-12-21 06:25 | Read:3821 | Comments:0 | Tags:Featured Articles Security Awareness antivirus breach EU ins

Insurer now offering “troll insurance” for victims of online harassment

Chubb, a multinational insurance company, is to offer its clients in the UK the first ever "troll insurance." Chubb personal insurance policy holders will be able to claim up to £50,000 towards expenses that include professional counselling, relocation due to online abuse, or time spent off work.Cyberbullying is defined by the insurer as "three or more acts
Publish At:2015-12-10 15:10 | Read:3952 | Comments:0 | Tags:Law & Disorder Ministry of Innovation Risk Assessment cyberb

Columbia v. Cottage: Enforcing the ‘Mistake Exclusion’ in Data Breach Insurance

Back in April, the London-based insurance market Lloyd’s reported a 50 percent increase in the number of data breach insurance submissions filed in the first three months of 2015 as compared to last year. This development challenges some of the arguments offered by leading experts in the field of information security that seek to explain why more compa
Publish At:2015-07-20 07:05 | Read:4097 | Comments:0 | Tags:Cyber Security Featured Articles Columbia Casualty Co. Cotta

London Insurance Markets and Cyber Risk Insurance

The UK government has published a report on the role of insurance markets in managing and mitigating cyber risk. UK Cyber Security: The Role of Insurance in Managing and Mitigating the Risk describes how insurance can be another mechanism for cyber risk reduction, encouraging steps to reduce risk through reduced premiums, and providing insight from claims an
Publish At:2015-04-17 08:35 | Read:3974 | Comments:0 | Tags:administrative technical corrective physical insurance

Hackers Hit Health Insurer Anthem, Millions of Customer Records at Risk

Anthem, the second largest health insurer in the United States, has admitted that hackers broke into its servers and accessed databases containing sensitive customer information.According to a statement issued by Anthem, who were formerly known as Wellpoint, both current and former customers are at risk after the hackers managed to gain access to systems con
Publish At:2015-02-05 19:10 | Read:3720 | Comments:0 | Tags:Cyber Security IT Security and Data Protection Anthem hackin

Everything You Need to Know about Insurance Fraud and Organized Crime

Insurance fraud is big-business, with an estimated loss of $30 billion per year. The FBI reports that “in most cases, it’s dishonest policyholders, insurance industry insiders (i.e., agents, brokers, company execs) and loosely organized networks of crooked medical professionals and attorneys who use their knowledge to bypass anti-fraud measures p
Publish At:2014-09-02 13:00 | Read:3453 | Comments:0 | Tags:Fraud Protection Fraud insurance Insurance fraud organized c

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