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The Evolving Role of Cyber Insurance in Mitigating Ransomware Attacks

SecureWorld News

In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network. 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.

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As market for cyber insurance booms, watchdog calls for better data

SC Magazine

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

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Ransomware: Number One Cyber Insurance Claim

SecureWorld News

Trends of cyber insurance claims for 2020. Coalition, a cyber insurance company, recently released a report detailing the categories of cyber attacks as well as the cause behind the attacks for the first half of 2020. The number one type of cyber incident so far this year is ransomware.

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26 Cyber Security Stats Every User Should Be Aware Of in 2024

Security Affairs

Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Cyber Skills Gap: By 2025, there could be 3.5 million unfilled cyber security jobs, showing a big need for skilled professionals. Email Threats: More than 75% of targeted attacks start with an email, delivering 94% of malware.

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What is Cyber Liability Insurance?

Duo's Security Blog

Don’t worry though, there's already an insurance policy for that. What is Cyber Liability Insurance? Cyber liability insurance, sometimes known as cyber insurance, is distinct from traditional commercial general liability and property insurance policies.

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Exploring the Cost of a Data Breach and Its Implications

Centraleyes

The top five countries and regions for the highest average cost of a cyber security breach in 2023 were as follows: the US ($9.4 Uneven Impact on Industries The healthcare sector bears the heaviest burden, with an average cloud data breach cost of $10.10 million), the Middle East ($8.07 million), Canada ($5.13 million), Germany ($4.67

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Security Experts Assess 2.0 Draft of NIST Cybersecurity Framework

SecureWorld News

This top-down approach will help entities think through roles and responsibilities, policies and processes, and oversight for identifying and managing cyber threats and mitigating and responding to incidents—all of which should be occurring throughout an entire organization, not just within the office of the CIO or CISO.