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The Evolving Role of Cyber Insurance in Mitigating Ransomware Attacks

SecureWorld News

Ransomware attacks have become a significant threat to organizations of all kinds worldwide, with attackers encrypting data and demanding payment for its release. 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.

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

Security Affairs

Ransomware Attacks: In 2023, a whopping 72.7% of organizations faced ransomware. Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 million, up 15% in three years.

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New DHS Rules Aim to Enhance Visibility Across Critical Infrastructure

SecureWorld News

Department of Homeland Security (DHS) is set to implement long-awaited rules that will require critical infrastructure entities across multiple sectors to report cyber incidents and ransomware payments to the federal government.

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Key Cybersecurity Trends for 2024: My Predictions

Jane Frankland

Cybersecurity can often feel like a game of cat and mouse where cyber attackers and defenders engage in a chase, with one party trying to outsmart the other. Just like in previous years, 2024 is set to test practitioners’ skills as the frequency of cyber threats continues to surge leaving no room for complacency.

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Inflation Is Making Cybersecurity Even More Challenging for Leaders

SecureWorld News

All of this makes it more difficult for organizations to protect themselves from new and emerging cyber threats. Kimberly "KJ" Haywood, Principal Advisor at Nomad Cyber Concepts and Adjunct Cybersecurity Professor at Collin College, had this to say: "Inflation is hitting organizations harder than ever. trillion by 2025.