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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. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

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Is Cyber Liability Insurance Sufficient Coverage for All Cyber Risks?

SecureWorld News

Cyber liability and crime insurance are like a safety net for businesses, but they're not perfect. They can help you recover from a cyberattack, but there are some key things you need to know about these policies before you buy one. Third, cyber risks are constantly evolving, and insurance companies may not be able to keep up.

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Understanding Cyber Risk and the C-Suite

CyberSecurity Insiders

As a result, cybersecurity has become a top priority for organisations of all sizes, and the C-suite, including CEOs, CFOs, CIOs, and CISOs, plays a critical role in managing and mitigating cyber risk. Email remains the primary communication tool for businesses, but it also poses significant security risks.

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CISO’s Guide to Presenting Cybersecurity to Board Directors

CyberSecurity Insiders

Seasoned CISOs/CSOs understand the importance of effectively communicating cyber risk and the need for investment in cybersecurity defense to the board of directors. One key aspect of successful communication is understanding the business objectives and risk appetite of the organization.

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RSAC insights: How ‘TPRM’ can help shrink security skills gap — while protecting supply chains

The Last Watchdog

Third-Party Risk Management ( TPRM ) has been around since the mid-1990s – and has become something of an auditing nightmare. Related: A call to share risk assessments. This is because third-party risk has become a huge problem for enterprises in the digital age. Here are key takeaways: Smoothing audits. based CyberGRX.

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NEW TECH: CyberGRX seeks to streamline morass of third-party cyber risk assessments

The Last Watchdog

The firings came as a result of a massive data breach which routed through an HVAC contractor’s compromised account. So they began inundating their third-party suppliers with “bespoke assessments” – customized cyber risk audits that were time consuming and redundant. The key takeaways: Rise of third parties.

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

Jane Frankland

trillion in global value will be at risk from cyberattacks. trillion in global value will be at risk from cyberattacks. Whilst this is concerning, when talking to executives outside of security, like I did on a recent masterclass with Nowcomm , it’s vital they understand of the following: 1. Cybersecurity is big business.