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Imposing just the right touch of policies and procedures towards mitigating cyber risks is a core challenge facing any company caught up in digital transformation. Related: Data breaches fuel fledgling cyberinsurance market. Enterprises, especially, tend to be methodical and plodding.
While we saw the threat landscape change in 2019 with even more sophisticated attacks, we predict 2020 to be even more extreme. More targeted ransomware – 2019 saw ransomware exploits getting highly targeted against specific businesses, as well as local government.
Often, they also want bidders to produce supporting documents like the executive summary of a penetrationtest report. Sometimes, contracts or proposals ask suppliers for both cybersecurity insurance and documented security controls. What’s more, cybersecurity insurance may not necessarily cover all breach-related costs.
Damages from ransomware in 2019 rose to over $11.5 Ransomware in 2019 . The number of ransomware attacks increased in 2019 — but worse, 22 of those cyberattacks shut down a city, county and even state government computer systems. with several attacks in 2019. What strategies do cybercriminals use?
The acquisition will help Aon expand its current coverages within the cyber market at a time when cyber claims are almost doubling year-over-year. Global cyberinsurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025. said J Hogg, CEO of Aon Cyber Solutions. Matt.taylor@aon.com.
Series B Apiiro Security 2019 Tel Aviv, Israel 65 $35.0 Series A BluBracket 2019 Palo Alto, CA 27 $18.5 Series A Cycode 2019 Tel Aviv, Israel 56 $81.0 Series B Open Raven 2019 Los Angeles, CA 45 $19.1 Startup Est Headquarters Staff Funding Funding Type Anvilogic 2019 Palo Alto, CA 34 $14.4 Series B SECURITI.ai
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