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

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. trillion by 2025, a 300% increase since 2015 1. trillion by 2025, a 300% increase since 2015 1.

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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? Cryptocurrency and the Metaverse pose new cybersecurity threats.

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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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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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Protecting your Customers and Brand in 2022: Are you doing enough?

Jane Frankland

These are leaders who understand how to implement progressive technologies, like the cloud, 5G, artificial intelligence, machine learning, and others that are intricately woven, interconnected, and interdependent. Cyber risks top worldwide business concerns in 2022. billion) is expected online.

CISO 130
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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. It encompasses any technological characteristics that have been validated, installed, or authorized by the sponsor, which could potentially be susceptible to cybersecurity threats.

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Inside the Complex Universe of Cybersecurity

SecureWorld News

While it fosters innovation, automation, and productivity, it simultaneously introduces significant cybersecurity and privacy risks. One prominent threat is business email compromise (BEC), which remains a leading vector for cyber threats. Real-world conflicts cast shadows that significantly amplify cyber risks.