Insurance companies face an ever-growing threat from cybercriminals, with ransomware attacks becoming increasingly sophisticated and frequent. As guardians of sensitive financial and personal data, insurance firms are prime targets for these malicious actors. As a CISO or top executive, you’re accountable to protect business-critical data, but how confident are you in your current defenses? Are
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In October 2024, Star Health Insurance, a leading health insurer in India, had a big data breach that affected personal info of about 31 million customers. A hacker named ‘xenZen’ said he got 7.24 TB of data and wanted to sell it online for $150,000, while smaller pieces cost $10,000 each. This raised a big
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It’s a typical Monday morning at an Insurance brokerage firm ‘X’ when the CISO of the firm receives a frantic call. The company’s systems are locked, and a ransom note demands $500,000 in Bitcoin. Their client’s data, policy information, and other financial records are all inaccessible. The company grinds to a halt. This nightmare scenario
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The OWASP Top 10 for 2024 list comprises top security risks issued to web applications. Let’s explore each vulnerability and approach for addressing them: What is Application Security Vulnerability? In simple words, it’s like a crack in a wall, a sneaky weakness that lets cybercriminals slip through your application. Then, this is up to them
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