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

The Last Watchdog

The data shows how perceptions around cyber and technology risks, from ransomware and other cyber-attacks to the threats posed by AI, are changing the global business risk landscape. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

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CFOs ignoring billions of dollars loss incurred through Cyber Risks

CyberSecurity Insiders

Chief Financial Officers aka CFOs are ignoring billions of dollars loss incurred through cyber risks and threats, says a survey. So, experts want the CFOs to stay in a loop with the board to understand the risks and severity involved in cyber attacks.

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GUEST ESSAY: Rising cyber risks make business intelligence gathering more vital than ever

The Last Watchdog

In our recent report Intelligent Business: 2022 Strategic Intelligence Report we asked 205 creators and consumers of intelligence within large organizations (i.e. The top reason, chosen from a proved list of ten, was ‘increased cyber security risks’, followed by the related concern, ‘new and/or increased data privacy regulations’.

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Western Digital shuts systems due to Cyber Attack

CyberSecurity Insiders

A cyber attack launched and identified on March 26th of this year has triggered the incident response teams of Western Digital (WD) to take appropriate steps to mitigate the cyber risks of the incident. The post Western Digital shuts systems due to Cyber Attack appeared first on Cybersecurity Insiders.

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Zurich chief warned that cyber attacks will become uninsurable

Security Affairs

The chief executive of insurance giant Zurich warns that cyber attacks, rather than natural catastrophes, will become uninsurable. Mario Greco, chief executive of insurer giant Zurich, has warned that cyber attacks will become soon “uninsurable.”. These people can severely disrupt our lives.” Pierluigi Paganini.

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Australia entities suffer Cyber Attacks and QUAD update

CyberSecurity Insiders

The Guardian’s Australian staff were targeted in a sophisticated cyber attack that led to the leak of personal information of 140 current and former staff members. NOTE 1- The Guardian’s UK branch was the first to get targeted in the attack on December 20th,2022 and it was of ransomware variant.

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China is targeting smaller nations with Cyber Attacks

CyberSecurity Insiders

Microsoft released its Digital Defense Report of 2022, in which it clearly specified that China was targeting smaller nations with intense digital attacks to gather intelligence via cyber espionage. The post China is targeting smaller nations with Cyber Attacks appeared first on Cybersecurity Insiders.