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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%).

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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.

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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.

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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.

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Defending Against the Threats to Our Security

SecureWorld News

As we rely increasingly on digital technologies for our work, communication, entertainment, and education, we also expose ourselves to more and more cyber risks. But how much do we know about the cyber threats we face daily? trillion annually by 2025. How prepared are we to deal with them?

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Global Cybersecurity Skills Gap Still Widening Despite Growing Workforce

SecureWorld News

Cyber threats pose one of the most significant risks to businesses, governments, and individuals today. The costs of cybercrime continue to rise, with estimates of more than $6 trillion in damages globally per year by 2025. Unfortunately, every indication is that the skills gap will continue to widen.

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Deciphering the Omnibus for Medical Device Security

NetSpi Executives

Notably, the law is characterized by its foundational correctness and forward-looking approach, ensuring adaptability to evolving cyber threats. Moreover, the FDA receives specific funding, totaling $5 million, to bolster its efforts in the field of cybersecurity.