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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. trillion by 2025, a 300% increase since 2015 1. trillion by 2025, a 300% increase since 2015 1.

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Cyber Risk Confidence Index Reveals Skepticism of Mitigation Strategies

SecureWorld News

Today, Critical Start unveiled its 2023 Cyber Risk Confidence Index , a report analyzing the confidence levels that IT security leaders have in their existing approach to reducing cyber risk, and how well their current strategies align to their organization's risk appetite. trillion by 2025.

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Mobile Security Company Zimperium acquires WhiteCryption

CyberSecurity Insiders

whiteCryption offers advanced application shielding and cryptographic protection technology that will now be integrated into the Zimperium’s Mobile Application Protection Suite (MAPS) that will help create world’s most advanced mobile application protection solution. billion mobile and IoT devices.

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Defending Against the Threats to Our Security

SecureWorld News

As we rely increasingly on digital technologies for our work, communication, entertainment, and education, we also expose ourselves to more and more cyber risks. But how much do we know about the cyber threats we face daily? trillion annually by 2025. How prepared are we to deal with them?

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Protecting your Customers and Brand in 2022: Are you doing enough?

Jane Frankland

These are leaders who understand how to implement progressive technologies, like the cloud, 5G, artificial intelligence, machine learning, and others that are intricately woven, interconnected, and interdependent. Cyber risks top worldwide business concerns in 2022. billion) is expected online.

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Global Cybersecurity Skills Gap Still Widening Despite Growing Workforce

SecureWorld News

The costs of cybercrime continue to rise, with estimates of more than $6 trillion in damages globally per year by 2025. With technological innovations like cloud computing, AI/ML, the Internet of Things, and more making cyber risks even more complex, qualified talent is hugely in demand.

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The Evolving Role of Cyber Insurance in Mitigating Ransomware Attacks

SecureWorld News

For example, the healthcare sector, a prime target for these types of attacks , planned to spend $125 billion to defend against breaches from 2020 to 2025. On top of this, a significant 41% of victims opted to pay the ransom, which is a difficult decision that's fraught with its own respective complexities and risks.