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Third Party Cyber Risk is growing. Most Companies aren’t prepared.

The Security Ledger

Third party cyber risk is a growing concern for organizations, as breaches and hacks tied to third party providers and applications multiply. How do you know if your third party cyber risk management program is up to the task? Our new e-book, sponsored by CyberGRX, will help you figure it out!

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7 Insights About Managing Cyber Risk You Can’t Afford To Miss

Jane Frankland

IBM found that the average time to identify a breach in 2019 was 206 days. Human error causes many data breaches. It puts you in a better position to ascertain which strategies you’ll use to accept, avoid, transfer and limit risk. Numerous studies have documented how men and women gauge risk differently.

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Australia entities suffer Cyber Attacks and QUAD update

CyberSecurity Insiders

Crypto Locker Virus is suspected to be behind the incident and almost all booking systems were hit by a ransom demanding malware. The company is, however, not interested in bowing down to the demands of hackers and is interested in recovering their data from backups, as they already have a proactive data continuity plan in place.

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How security pros, the insurance industry, and regulators can combat ransomware

SC Magazine

Insurance claims from cyber/ransomware events have consumed up to 40% of the claims of some insurers’ cyber books. Cyber insurance was once seen as a stable sector of commercial insurance, with lower-than-average loss ratios compared to other major commercial coverages.

Insurance 113
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The Evolving Legislative and Compliance Landscape: A Roadmap for Business Leaders

Thales Cloud Protection & Licensing

However, a relentless barrage of data breaches, ransomware attacks, and sophisticated cyber threats steadily erodes this trust. First, you need to assess your risks and gaps to comply with the various regulatory frameworks. It targets illegal content, disinformation, and harmful practices.

Risk 71
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Security Roundup March 2024

BH Consulting

Creeping cyber risk grabbing global headlines Ransomware keeps reminding us of the strong connection between a cybersecurity incident and financial loss. Meanwhile, it was a similar story from a separate source, with AON’s Global Risk Management Survey also tracking global volatility and risk.

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4 Critical Capabilities Your Cyber Risk Management Tools Should Have

Centraleyes

A single data breach can compromise your ability to operate, generate revenue, and ruin the reputation you’ve spent years building with your clients, business partners, and vendors. There’s no avoiding digital risk. However, that doesn’t mean there aren’t plenty of ways to minimize these risks.