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How do I select cyber insurance for my business?

There has been a 70%+ increase in the average cost of a cybercrime to an organization over five years to $13mn and a 60%+ increase in the average number of security breaches, a recent report reveals. Losses resulting from external incidents, such as DDoS attacks or phishing and malware/ransomware campaigns, account for 85% of the value of claims, followed by malicious internal actions (9%) – which are infrequent but can be costly. To select suitable … More ? The post How do I select cyber insurance for my business? appeared first on Help Net Security .

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How do I select cyber insurance for my business?

Attacks are rising in all vectors and types

DDoS, web application, bot, and other attacks have surged exponentially compared to the first half of 2019, according to CDNetworks. In particular, attacks on web applications rose by 800%. These alarming statistics show that enterprises are experiencing challenging times in their attempts to defend against cyber attacks and protect their online assets. Hackers extremely sensitive to industry transformation The report goes on to say that hackers are extremely sensitive to industry transformation. For this reason, … More ? The post Attacks are rising in all vectors and types appeared first on Help Net Security .

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Attacks are rising in all vectors and types

Cyber insurance claims on the rise

External attacks on companies result in the most expensive cyber insurance losses, but it is employee mistakes and technical problems that are the most frequent generator of claims by number, according to a report from Allianz Global Corporate & Specialty (AGCS). The study analyzes 1,736 cyber-related insurance claims worth EUR 660mn (US$ 770mn) involving AGCS and other insurers from 2015 to 2020. “Losses from incidents such as distributed denial of service (DDoS) attacks or phishing … More ? The post Cyber insurance claims on the rise appeared first on Help Net Security .

New Kasada API protects from botnet attacks and targeted fraud

Kasada, provider of the only online traffic integrity solution that accurately detects and defends against bot attacks, announced the introduction of Kasada API, which protects an organization’s web and mobile APIs from automated botnet attacks and targeted fraud. If left unprotected, an organization’s most sensitive API endpoints (i.e. authentication, account creation, and handling sensitive data) can be quickly exploited by attackers, giving them a direct path into the organization. Gartner predicts that by 2022, API … More ? The post New Kasada API protects from botnet attacks and targeted fraud appeared first on Help Net Security .

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New Kasada API protects from botnet attacks and targeted fraud

Week in review: Criminals leveraging Office 365, endpoint attack anatomy, medical devices cybersec

Here’s an overview of some of last week’s most interesting news, reviews and articles: Critical flaw in SonicWall’s firewalls patched, update quickly! (CVE-2020-5135) SonicWall patched 11 vulnerabilities affecting its Network Security Appliance (NSA). Among those is CVE-2020-5135, a critical stack-based buffer overflow vulnerability in the appliances’ VPN Portal that could be exploited to cause denial of service and possibly remote code execution. The anatomy of an endpoint attack A lot has changed across the cybersecurity … More ? The post Week in review: Criminals leveraging Office 365, endpoint attack anatomy, medical devices cybersec appeared first on Help Net Security .

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Week in review: Criminals leveraging Office 365, endpoint attack anatomy, medical devices cybersec

Microsoft and partners cut off key Trickbot botnet infrastructure

Two weeks after someone (allegedly the US Cyber Command) temporarily interrupted the operation of the infamous Trickbot botnet, a coalition of tech companies headed by Microsoft has struck a serious blow against its operators. “We disrupted Trickbot through a court order we obtained as well as technical action we executed in partnership with telecommunications providers around the world. We have now cut off key infrastructure so those operating Trickbot will no longer be able to … More ? The post Microsoft and partners cut off key Trickbot botnet infrastructure appeared first on Help Net Security .

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Microsoft and partners cut off key Trickbot botnet infrastructure

Corero Network Security SmartWall TDS enhanced with automatic DDoS detection and mitigation

Corero Network Security announces that it has released a major update to its SmartWall Threat Defense System (TDS). Corero’s SmartWall Threat Defense System already delivers line-rate performance for the fastest, always-on, real-time DDoS protection but these new enhancements propel the solution to industry leading levels of accuracy and effectiveness for automatic DDoS detection and mitigation. “We are extremely pleased to announce some fantastic DDoS defense innovations, along with a host of other advances that make … More ? The post Corero Network Security SmartWall TDS enhanced with automatic DDoS detection and mitigation appeared first on Help Net Security .

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Corero Network Security SmartWall TDS enhanced with automatic DDoS detection and mitigation

Bit-and-piece DDoS attacks increased 570% in Q2 2020

Attackers shifted tactics in Q2 2020, with a 570% increase in bit-and-piece DDoS attacks compared to the same period last year, according to Nexusguard. Perpetrators used bit-and-piece attacks to launch various amplification and elaborate UDP-based attacks to flood target networks with traffic. Analysts witnessed attacks using much smaller sizes—more than 51% of bit-and-piece attacks were smaller than 30Mbps—to force communications service providers (CSPs) to subject entire networks of traffic to risk mitigation. This causes significant … More ? The post Bit-and-piece DDoS attacks increased 570% in Q2 2020 appeared first on Help Net Security .

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Bit-and-piece DDoS attacks increased 570% in Q2 2020

DDoS attacks rise in intensity, sophistication and volume

There have been significant shifts in DDoS attack patterns in the first half of 2020, a Neustar report reveals. There has been a 151% increase in the number of DDoS attacks compared to the same period in 2019. These included the largest and longest attacks that Neustar has ever mitigated at 1.17 Terabits-per-second (Tbps) and 5 days and 18 hours respectively. These figures are representative of the growing number, volume and intensity of network-type cyberattacks … More ? The post DDoS attacks rise in intensity, sophistication and volume appeared first on Help Net Security .

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DDoS attacks rise in intensity, sophistication and volume

Week in review: Kali Linux 2020.3, mobile security threats, ISO certs at risk of lapsing

Here’s an overview of some of last week’s most interesting news and articles: Updated cryptojacking worm steals AWS credentials A malicious cryptocurrency miner and DDoS worm that has been targeting Docker systems for months now also steals Amazon Web Services (AWS) credentials. Thousands of ISO certifications at risk of lapsing due to halted re-certification audits Thousands of valuable ISO management system certifications earned by UK companies may now be at risk because auditors from Certification … More ? The post Week in review: Kali Linux 2020.3, mobile security threats, ISO certs at risk of lapsing appeared first on Help Net Security .

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Week in review: Kali Linux 2020.3, mobile security threats, ISO certs at risk of lapsing