A surprising improvement in loss ratios for cyber insurance providers in 2021 means the rapid rise in premiums might at last subside later this year. The loss ratio declined for the first time since 2018 despite the frequency and severity of claims filed for cyberattacks increasing again in 2021.
Darrell Bateman, the CISO of City Bank Texas, explains why governance and compliance issues are critical for security leaders in the banking industry and how success can help cement a CISO's relations with the board of directors.
New legislation mandating cyber incident reporting for critical infrastructure providers within 72 hours, and the reporting of ransom payments within 24 hours, is "groundbreaking," says former National Security Agency deputy commander Tim Kosiba, CEO of security firm bracket f.
A branch of the U.S. Department of Homeland Security says that it stopped an international hacking group from launching a major cyberattack on an underground cable system's servers. If the attackers had been successful, the incident could have become a national security threat, security experts say.
Obsidian Security has closed a Series C funding round to prevent session hijacking on more platforms and increase the number of SaaS applications being defended. Obsidian wants to go from protecting 25 major SaaS applications today to safeguarding hundreds of SaaS applications in a year or two.
Accenture's new ransomware report reveals key challenges in executing an effective communications plan. Robert Boyce, managing director of global cyber response, discusses why existing recovery strategies aren't enough and offers practical steps for managing a ransomware response.
The latest edition of the ISMG Security Report analyzes the latest cyberthreats to the energy sector as Russia's invasion of Ukraine continues. It also examines best practices for Customer Identity and Access Management and how healthcare institutions can sharpen their defense strategies.
New Cobalt CEO Chris Manton-Jones plans to push upmarket and go after enterprise customers and leverage automation and self-service to accelerate product growth. He replaces founder Jacob Hansen, who had served as CEO since Cobalt's inception in 2013 and will remain with the firm as a board member.
A week after Microsoft announced the Windows Autopatch feature and declared that, come July, the tradition of Patch Tuesday will end, it's Patch Tuesday again, and the company has issued more than 100 security fixes for software that resolve critical issues, including two zero-day vulnerabilities.
The 2022 ISACA State of Cybersecurity report reveals trends in the cybersecurity workforce and the threat landscape, including understaffing and retention. "The imbalance between supply and talent is unchanged," says Jon Brandt, director of professional practices and innovation at ISACA.
Account opening fraud - a relatively new type of identity fraud - is plaguing financial institutions, including banks. Experts and stakeholders in the industry discuss with ISMG the impact it has on their organizations, the challenges of identifying and tracking fraud, and mitigation measures.
KKR plans to buy Barracuda Networks to support growth in managed detection and response, extended detection and response, and secure access service edge. KKR plans to provide resources and expertise to fuel Barracuda's growth past the $500 million sales figure it hit under Thoma Bravo's ownership.
As enterprises continue to embrace alternate methods of payment structure, card-not-present, or CNP, fraud will develop into other types of fraud. What will these types be? Experts Dondi Black of TSYS Payment Solutions and Dave Excell of Featurespace - share their views.
Starting in July, the second Tuesday of every month will "just be another Tuesday," Microsoft says. After releasing patches for vulnerabilities in its software every second Tuesday of every month since 2016, Microsoft says it is now set to roll out automatic updates. Some security experts weigh in.
For organizations with legacy systems, effective security and risk management remain essential as they transition to cloud or hybrid environments, says Davanathan "Devan" Naidoo, CIO of New Dimension Corp. He shares essential strategies and lessons learned.
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