article thumbnail

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

The Last Watchdog

trillion by 2025, a 300% increase since 2015 1. Yet, boardroom focus on cyber risk appears to be diminishing. The perceived threat of cyber risk to global business leaders peaked in 2021 (34%) and over the past two years, the risk perception has dropped (27%).

article thumbnail

Cyber Risk Confidence Index Reveals Skepticism of Mitigation Strategies

SecureWorld News

Today, Critical Start unveiled its 2023 Cyber Risk Confidence Index , a report analyzing the confidence levels that IT security leaders have in their existing approach to reducing cyber risk, and how well their current strategies align to their organization's risk appetite. trillion by 2025.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 Consensus Principles for Cyber Risk Governance: A Roadmap for Boards

SecureWorld News

trillion by 2025. They need to understand the economic drivers and impact of cyber risk, and they need to ensure that cyber risk management is aligned with business objectives. Principle 2: Understand the economic drivers and impact of cyber risk Cyber risk is a financial risk.

article thumbnail

New DHS Rules Aim to Enhance Visibility Across Critical Infrastructure

SecureWorld News

The Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA) , signed into law in March 2022, directs the Cybersecurity and Infrastructure Security Agency (CISA) to develop regulations for covered entities to report cyber incidents and ransom payments.

article thumbnail

Mobile Security Company Zimperium acquires WhiteCryption

CyberSecurity Insiders

Hence, customer using the solution will get a centralized management platform that can offer real-time threat visibility and protect the networks from all kinds of cyber risks proactively. A recent survey conducted by Cisco has found that the year 2025 will witness the usage of over 3.4 billion mobile and IoT devices.

Mobile 144
article thumbnail

The Evolving Role of Cyber Insurance in Mitigating Ransomware Attacks

SecureWorld News

For example, the healthcare sector, a prime target for these types of attacks , planned to spend $125 billion to defend against breaches from 2020 to 2025. On top of this, a significant 41% of victims opted to pay the ransom, which is a difficult decision that's fraught with its own respective complexities and risks.

article thumbnail

Global Cybersecurity Skills Gap Still Widening Despite Growing Workforce

SecureWorld News

The costs of cybercrime continue to rise, with estimates of more than $6 trillion in damages globally per year by 2025. With technological innovations like cloud computing, AI/ML, the Internet of Things, and more making cyber risks even more complex, qualified talent is hugely in demand.