By The Structured Security Team -- Experts agree, it isn't a matter of if your organization will come against a cybersecurity threat, it's a matter of when. And companies that provide cybersecurity insurance are passing along the costs, increasing premiums to combat the risk of increasing payouts. Cybersecurity Insurance Costs Are Increasing Rapidly Cybersecurity insurance costs are increasing dramatically for organizations across the globe. According to a report by Standard & Poor's Corp. published earlier this year, "Cyber insurance premiums, which now total about $5 billion annually, will increase 20% to 30% per year on average in the near future." This is partly due to increased claim frequency, the severity of these claims, and the uncertain nature and definition of cyber risk within the insurance industry itself. Another report, the Marsh Global Insurance Market Index, found that cyber insurance costs aren't plateauing like the costs in other markets. In fact, in the first quarter of 2021, prices generally increased by 35% in the U.S. and 29% in the U.K. Why the Increase in Cybersecurity Insurance Costs? As previously stated, the rise can be partly attributed to increased claim frequency and the severity of the claims filed. Here is a deeper…

Protect Identities with MFA, Validation and Strict Management


National Identity Management Day 2021

By Brad Pierce, Structured Managing Director of Security, CISSP/CISA/PCIP -- Last week in the news were reports of more than a billion accounts being leaked online from just two sources (Facebook (533M) and LinkedIn (500M)). The data is still being validated, but the source seems to largely be public information that has been aggregated, bundled…

Read More

Trust is Dead, Long Live Trust!


MFA & Zero Trust Business

By Brad Pierce, Structured Managing Director of Security, CISSP/CISA/PCIP -- Zero Trust is a philosophy, a journey. No one manufacturer or security product will get you where you’re going. It will take all of your technologies, and likely some new ones, to arrive at a Zero Trust architecture. Trust is dead, long live trust! Zero…

Read More

Supply Chain Hacks: Fallout from a nation-state-backed attack


By Jesse Wilson, CISSP, Sr. Security Engineer -- Two weeks have passed since the discovery of Sunburst (https://us-cert.cisa.gov/ncas/alerts/aa20-352a), an exploit so vast it likely will become the biggest breach in history – at least to date. Government agencies and private businesses alike are scrambling to detect indicators of compromise (IOCs), install patches and implement damage…

Read More

Secure Critical Infrastructure Demands Proactive Measures


Electricity Infrastructure with Cityscape

By Collin Miller, Director of Cloud Security -- Given the emergency brought on by rapid spread of COVID-19, many businesses have been shut down or are transitioning to telework to comply with public health measures. However, for the group of organizations that make up our critical infrastructure, shutting down is not an option.  Critical infrastructure…

Read More

Back to Basics – Inventory Documentation and Network Visibility


Calm Worker in Clouds

By Brad Pierce, Structured Managing Director of Security, CISSP/CISA/PCIP -- One of the first things you must do as a network or systems administrator is document. Oh, Documentation! The bane of IT professionals everywhere. In our harried work lives, it is a tedious, time-consuming process. Most people prefer to avoid documentation. But, when it is…

Read More

Supply Chain Hacking 101


An educational piece about the supply chain attack By Jesse Wilson, CISSP, @CyberWarior1775 To start, let’s talk about what the supply chain is in relation to Information Technology. In this case, the supply chain refers to the coordination of order generation; order processing; order fulfillment via the distribution of products, services and/or information; manufacturing; and…

Read More