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Inflation Is Making Cybersecurity Even More Challenging for Leaders

SecureWorld News

Attackers are more easily able to circumvent email security controls of even the most mature organizations through well-crafted social engineering tactics, resulting in stolen account credentials and ultimately account takeovers. As cyber threats surge, the expenses associated with cyber insurance rise, adding to the financial strain.

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

Security Affairs

Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Cyber Skills Gap: By 2025, there could be 3.5 million unfilled cyber security jobs, showing a big need for skilled professionals. Soaring Cyber Crime Costs: Cyber crime costs are expected to hit $10.5

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Security Roundup September 2022

BH Consulting

In the United States, a judge dismissed a claim against an insurance company that refused to pay extra for losses due to business email compromise. The company sought $600,000 to cover its losses but its social engineering fraud policy had a cap of $100,000. And the cyber insurance market keeps growing.