Remove 2030 Remove Cyber Insurance Remove Ransomware
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Cyber liability insurance vs. data breach insurance: What's the difference?

CSO Magazine

Finding the right insurance has become a key part of the security equation, which is no surprise given that the average cost of a data breach in the US has risen to $9.44 The global cyber insurance market was valued at $13.33 billion by 2030. million — more than twice the global average of $4.35 billion in 2023 to $84.62

Insurance 121
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Australia’s 28-Day Cyber Comeback

Centraleyes

The Regulatory Catalyst The Cybersecurity Act 2024, passed in December, codifies 72-hour ransomware payment reporting and heftier penalties for lax controls. The law complements 2023 amendments that made breach disclosure mandatory and empowered the Australian Securities and Investments Commission (ASIC) to probe board-level cyber oversight.

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Security Roundup July 2024

BH Consulting

Cyber insurance: whisper it, but it seems to be working Cyber insurance premiums have dropped by 15 per cent compared to their peak in 2022. Howden’s annual report found that reported ransomware incidents were up by 18 per cent in the first five months of this year compared to 2023.

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Cybersecurity Insurance is Missing the Risk

Security Boulevard

First published by HelpNetSecurity  — Matthew Rosenquist Cybersecurity insurance is a rapidly growing market, swelling from approximately $13B in 2022 to an estimated $84B in 2030 (26% CAGR), but insurers are struggling with quantifying the potential risks of offering this type of insurance.