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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. The economic impact of cybercrime on business across the globe continues to reach new levels, with the cost predicted to reach US$10.5

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

SecureWorld News

And a report by the World Economic Forum estimates that the global cost of cybercrime could reach $10.5 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.

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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. Gallagher called the estimated $2.6

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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? According to PurpleSec, 98% of cybercrime relies on social engineering to accomplish it.

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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. Without enough competent professionals to secure systems, assess risks, and respond to threats, organizations in every industry are dangerously exposed. This skills gap represents a critical vulnerability.

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

Jane Frankland

They know that by 2025 an estimated 70% of the workforce will be working remotely at least 5-days per week and by 2030 90% of the world’s population (7.5 The pressure for those in charge is immense as cyber risks have scaled, and can now bring businesses, economies, and communities to a halt. billion) is expected online.

CISO 130
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Report: Cyberattacks drive 185% spike in health care data breaches in 2021

SC Magazine

Estimates show cybercrime will cause $6 trillion in global damages this year and is predicted to reach $10.5 trillion, by 2025, a 75% increase. Insurers have become more selective in extending coverage to high-risk entities and industries and increasing prices of coverage they offer.”.