article thumbnail

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.

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.

Insiders

Sign Up for our Newsletter

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

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

Best Third-Party Risk Management (TPRM) Tools of 2021

eSecurity Planet

In a developing market, third-party risk management (TPRM) software and tools could be the answer to helping organizations fill the gap. This article looks at the top third-party risk management vendors and tools and offers a look into TPRM solutions and what buyers should consider before purchasing. Aravo TPRM.

Risk 129
article thumbnail

World Economic Forum: Cybersecurity Failure Among Top 4 Highest Risks

SecureWorld News

The World Economic Forum has published the 16th edition of its Global Risks Report. The report analyzes the risks from societal fractures, such as the global pandemic we have all been living through for almost a year now. One of the first sections of the report is the results of a "Global Risks Perception Survey."

Risk 95
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

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