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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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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. Jose Seara, CEO of DeNexus, welcomed the convergence of cybersecurity mandates across government agencies.

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Top 5 Security Trends this Summer: RSA Conference & Black Hat 2022

Webroot

Cyber insurance becomes mainstream discussion. As cyberattacks have become more costly and more challenging to track, cyber insurance has gained prominence across the industry. The cyber insurance market is expected to reach around $20B by 2025.

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To Cover or Not to Cover: The Cyber Liability Insurance Quandary Facing Small- and Medium-Sized Businesses

Duo's Security Blog

But what are the risks with this approach? The state of cyber liability insurance The topic of cyber liability insurance is full of datapoints, statistics and graphs all showing upward trajectories. But MFA should not only be viewed as a prerequisite for obtaining cyber liability insurance.

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Report: Cyberattacks drive 185% spike in health care data breaches in 2021

SC Magazine

trillion, by 2025, a 75% increase. Other key security elements include the development, implementation, and routinely practiced incident response plan, alongside employee security training and education, risk assessments, and limiting user access to areas only needed for their job function.

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Inflation Is Making Cybersecurity Even More Challenging for Leaders

SecureWorld News

Increased risk of cyberattacks The rising cost of living can lead to an increase in cybercrime, as people become more desperate to make money. Organizations need to be aware of the risks and take steps to protect themselves, even if it means increasing their cybersecurity spending. trillion by 2025. million from victims in 2022."

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AON ACQUIRES CYTELLIGENCE, A LEADING INTERNATIONAL CYBER SECURITY FIRM WITH DEEP EXPERTISE IN CYBER INCIDENT RESPONSE AND DIGITAL FORENSIC INVESTIGATIONS

Cytelligence

Acquisition combines Aon’s industry-leading investment in cyber security with Cytelligence’s unique technical expertise in incident response and digital forensics services to strengthen Aon’s cyber security client value proposition. Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025.