Corvus Insurance

🚨Live Webinar Alert🚨 In Q3 2024, ransomware activity remained persistently high, in part thanks to the proliferation of different ransomware groups. Join Corvus CISO, Jason Rebholz, and Threat Intelligence Manager, Ryan Bell, for a live webinar as they explore the growing ransomware threat landscape, where a small number of groups—such as RansomHub, PLAY, and LockBit 3.0—are still responsible for the majority of attacks, but new entrants are continuing to make for a diverse and fast-changing set of threat actors, keeping security professionals and researchers busy. Register today! #cybersecurity #ransomware #cyberinsurance

Heading to Zywave's Cyber Risk Insights Conference in NYC this week? Don't miss Corvus' SVP of Risk Advisory, Lauren Winchester, on the "Long Tail of Litigation" panel. The panel will offer an overview of recent decisions that illuminate the legal landscape for cyber, as well as highlight cases to watch in the near future. #CyberRiskNYC24

Following a typical slowdown in Q1, ransomware activity surged in Q2, impacting multiple industries, with construction taking the top spot and new sectors like government and oil and gas seeing increased attacks. The IT Services and Software Development sectors also experienced a notable rise in incidents, representing a "systemic risk" due to the potential ripple effects on their clients. Even smaller IT firms, if breached, can lead to widespread operational disruptions, underscoring the critical vulnerability of these industries. Read our full ransomware report for insights into the current threat landscape and how it impacts specific industries: https://lnkd.in/g_Ch84XB #Ransomware #CyberInsurance #CybersecurityAwarenessMonth

🛡 When it comes time to make the call on where to really invest in security tools and cyber mitigation solutions — how do you know what will best protect not only your IT systems, but also your customers? Based on our Risk Advisors' experience working with technology and professional services firms, we’ve highlighted some go-to, defensive cybersecurity solutions for covering your security bases: https://lnkd.in/ehfyWjhu #CyberInsurance #CybersecurityTools #CybersecurityAwarenessMonth

Cyber is a newer risk that exists behind screens, not wet floor signs. So, with limited budgets, it’s often the first coverage to be deprioritized. But no one is immune from experiencing cybercrime. Help your clients understand why cyber is essential: https://lnkd.in/gbisQfDW #Cybercrime #CyberInsurance #LiabilityInsurance

🚩 Years of security awareness training have prepared your clients to spot red flags when they land in your inbox. Misspelled URL? Phishing! Urgent ask? Not good! Suspicious attachments? Alert IT! But what if your client's CFO and colleagues on a video call told you the message was legitimate, despite the warning signs? A recent phishing scam played out just like this. In our blog post, we’ll explore what happened, share how your clients can prevent it, and hopefully convince them that, yes, they will be able to be trusted again (within reason): https://lnkd.in/gKQGVVvn #Phishing #Cybersecurity #CybersecurityAwarenessMonth

☁️ While the widespread adoption of cloud technologies has come with significant security benefits for small to mid-sized businesses, companies that are entirely cloud hosted or SaaS based still need defense in depth to protect their data. Corvus Claims observes that threat actors are increasingly targeting and obtaining login information for cloud environments in order to steal or encrypt (or both) data for extortion purposes. Security controls like EDR, a resilient backup strategy and MFA must be top of mind to reduce overall security risk. Let’s dig into why these controls are important: https://lnkd.in/ey_2NWqw #CloudSecurity #SaaS #CyberInsurance

What's the difference between BOP and a standalone cyber policy? While BOPs offer a bundle of coverages, including limited cyber protection, they may leave companies vulnerable to significant out-of-pocket expenses after a cyberattack. Small businesses face increasing cyber threats, with 85% of ransomware attacks targeting them, often resulting in severe financial impacts relative to their revenue.Standalone cyber insurance provides broader first-party and third-party coverages, including business interruption, ransomware costs, breach response, and social engineering protections. In contrast, BOP extensions often exclude critical coverages, such as forensics, legal expenses, and ransomware negotiations, which are essential for mitigating cyber risks. Get the full story so you can better inform your clients on their options here: https://lnkd.in/dGrzPHpN #Ransomware #CyberInsurance #CybersecurityAwarenessMonth

After a typical dip in Q1, ransomware activity rebounded in Q2, leading to widespread increases across various industries, with construction rising to the top spot and sectors like government and oil and gas newly affected. Notably, the IT Services and Software Development sectors saw a significant rise in incidents, posing a "systemic risk" as breaches in these areas can have far-reaching impacts on their clients. Even small IT firms can cause widespread disruptions if compromised, highlighting the vulnerability of these sectors. Read our full ransomware report to learn about the state of the threat landscape so you can speak to your clients' specific industries' risks: https://lnkd.in/g_Ch84XB #Ransomware #CyberInsurance #CybersecurityAwarenessMonth

Cybercriminals are finding new ways to breach organizations by leveraging social engineering techniques, such as using information found on LinkedIn and simple phone calls to IT help desks. To protect against these attacks, organizations need to focus on: ☎️ Improving help desk procedures 🛡 Moving away from outdated security methods 🔑 Embracing passwordless solutions Learn how you can inform your clients of the dangers of social engineering in this blog from our threat intel team: https://lnkd.in/gsbj9x5n #SocialEngineering #Cybercriminals #CybersecurityAwarenessMonth