'The threat is real' Federal cybersecurity agency lends tips for governments and businesses [Quad City Times, Davenport, Iowa] - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
August 2, 2022 Newswires
Share
Share
Post
Email

'The threat is real' Federal cybersecurity agency lends tips for governments and businesses [Quad City Times, Davenport, Iowa]

Quad City Times (Davenport, IA)

Aug. 1—One in four entities experience a data breach, Geoff Jenista, a federal cybersecurity agency leader, told a group of city officials and business leaders in Bettendorf.

The expense and frequency of cyber attacks on businesses, local governments and infrastructure have drastically increased in recent years. The FBI reported that dollars exposed to losses from scams via email, which make up the vast majority of cyber attacks, between 2019 and 2021 increased 65%. According to Verizon's 2022 cybersecurity report, ransomware attacks, in which hackers take data hostage and demand payment, have increased 13%.

In the Quad-Cities, at least three local governments paid out more than $100,000 to email scammers. In all three cases, the criminals emailed local government officials pretending to be legitimate vendors the cities worked with to ask for a bank account change. In all cases, the local governments had insurance to cover the losses.

Jenista, the Cybersecurity Information and Security Agency's chief of cybersecurity for a four-state Midwest region, said the increased cyber threats came more from a greater useage of online accounts that bad actors could try accessing.

"So, it's not that it's increasing, but it's become more readily available to these bad people because now they're not having to bust windows or kick in doors to get in," Jenista said.

Republican U.S. Rep. Mariannette Miller-Meeks, who's staff organized the event, said other local institutions had experienced cyber attacks — including Muscatine County, Mercy Iowa City Hospitals, Musco Lighting and an Ottumwa dental office.

The Cybersecurity Information and Security Agency, formed in 2018 to combat physical and cyber threats to infrastructure in the U.S., recently received a boost of funding from Congress to increase its staff and operations to combat cyber threats to critical infrastructure.

Jenista laid out tips on Monday to avoid those losses in an increasingly connected world.

Called CISA, the agency conducts various types of free security assessments to determine cyber preparedness of local governments and businesses.

Jenista said he'd done roughly 60 assessments for Iowa entities — mostly county governments. He compared cyber criminals to car thiefs — saying if entities lock their doors, it'll be harder for criminals checking doors to steal their things.

Common ways to deter that is enabling multi-factor authentication — which means adding an extra step beyond a password to make it more difficult for someone to hack your account, updating software to patch holes and creating a response plan so organizational leaders know what to do in case of a crisis.

Asked about whether entities go to CISA voluntarily or after a breach, Jenista said many times entities say they can't afford to take precautions until after an expensive breach.

Cyber insurance premiums, too, have been rising.

"Cyber insurance is kind of the wild, wild west," Jenista said.

Jenista said he saw ransomware attacks as the biggest threat to America's infrastructure, such as water supplies and energy grids.

Meat supplier JBS, which has an Ottumwa location, paid $11 million to hackers in a ransomware attack last year despite federal agencies, including the FBI and CISA warning the company not to pay the ransom.

"A good backup system is way cheaper than $4 million dollars," Jenista said. "So if you're willing to spend $4 million on a ransomware event, why not spend $100,000 on a backup solution that you can restore in 30 minutes?"

Phil Kirk, director of CISA's seventh region, said the agency was focused on communicating to the public the threat of cyber attacks.

"We are out talking to the American public and all levels of government and the private sector down to the individual level to explain to people that the threat is real," Kirk said. "And the simple things that they can do to make themselves less likely to become a victim. And then also to encourage, you know, the larger entities, private sector, owners and operators forms of government ... they need to be thinking about and looking at incident response plan."

___

(c)2022 Quad City Times, Davenport, Iowa

Visit Quad City Times, Davenport, Iowa at http://www.qctimes.com

Distributed by Tribune Content Agency, LLC.

Older

Supplementary Financial Information as of 30 June 2022

Newer

Real Estate Insurance Market to Witness Huge Growth by 2027: Liberty Mutual, Chubb, Zurich

Advisor News

  • How to listen to what your client isn’t saying
  • Strong underwriting: what it means for insurers and advisors
  • Retirement is increasingly defined by a secure income stream
  • Addressing the ‘menopause tax:’ A guide for advisors with female clients
  • Alternative investments in 401(k)s: What advisors must know
More Advisor News

Annuity News

  • MassMutual turns 175, Marking Generations of Delivering on its Commitments
  • ALIRT Insurance Research: U.S. Life Insurance Industry In Transition
  • My Annuity Store Launches a Free AI Annuity Research Assistant Trained on 146 Carrier Brochures and Live Annuity Rates
  • Ameritas settles with Navy vet in lawsuit over disputed annuity sale
  • NAIC annuity guidance updates divide insurance and advisory groups
More Annuity News

Health/Employee Benefits News

  • ALBANY — State lawmakers in New York are looking to block insurance companies from terminating coverage for their clients
  • A challenge for young Marylanders: Getting – and keeping – health insurance
  • State bill would stop insurance carriers from terminating coverage over genetic test results
  • Health insurance legislation signed into law by Reynolds
  • State lawmakers push bill to stop insurance carriers from terminating coverage based on genetic test results
More Health/Employee Benefits News

Life Insurance News

  • Generational expectations: A challenge for the industry
  • Greg Lindberg asks NC judge for no jail time in bribery, fraud cases
  • National Life Group Names Brenda Betts to Its Board of Directors
  • Ask Tim a Question? Business, Finances, Money, or Taxes
  • MassMutual turns 175, Marking Generations of Delivering on its Commitments
More Life Insurance News

- Presented By -

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Why Blend in When You Can Make a Splash?
Pacific Life’s registered index-linked annuity offers what many love about RILAs—plus more!

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Bring a Real FIA Case. Leave Ready to Close.
A practical working session for agents who want a clearer, repeatable sales process.

Discipline Over Headline Rates
Discover a disciplined strategy built for consistency, transparency, and long-term value.

Inside the Evolution of Index-Linked Investing
Hear from top issuers and allocators driving growth in index-linked solutions.

Press Releases

  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
  • Highland Capital Brokerage Acquires Premier Financial, Inc.
  • ePIC Services Company Joins wealth.com on Featured Panel at PEAK Brokerage Services’ SPARK! Event, Signaling a Shift in How Advisors Deliver Estate and Legacy Planning
  • Hexure Offers Real-Time Case Status Visibility and Enhanced Post-Issue Servicing in FireLight Through Expanded DTCC Partnership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet