Remove Accountability Remove Cyber Insurance Remove Data breaches Remove Passwords
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Unlock Savings: The Impact of Strong Passwords To Reduce Cyber Insurance Costs for Businesses

Cytelligence

The cost of cyber attacks, including financial losses, reputational damage, and legal consequences, can be staggering. To mitigate these risks, businesses often invest in cyber insurance. However, there is a powerful and cost-effective tool that businesses can utilize to reduce their cyber insurance costs: strong passwords.

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4 ways businesses can save money on cyber insurance

Malwarebytes

So, your business has just suffered a data breach and it’s time to dig deep in your pockets to pay all the resulting expenses. Without cyber insurance , you can expect to pay a dizzying amount of cash. Here are four ways your business can save money on its insurance. How is cyber insurance priced?

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Why 83 Percent of Large Companies Are Vulnerable to This Basic Domain Hack

Adam Levin

Hackers posing as Coincheck.com employees contacted the company’s customers and requested their account credentials. We are all weary of the endless cycle of hacks and data breaches and we’re increasingly blaming businesses that have been compromised rather than the hackers themselves.

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Local government cybersecurity: 5 best practices

Malwarebytes

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. Data encryption for data at rest and in transit. Prohibit use of known/fixed/default passwords and credentials.

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Cybersecurity for Nonprofits: Cost-Effective Defense Strategies

SecureWorld News

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. Having basic cyber hygiene Advanced technology is important, but basics like regular data backups, software updates, strong password policies, and multi-factor authentication are fundamental.

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Multiple schools hit by Vice Society ransomware attack

Malwarebytes

There’s no word if any of the schools affected paid the ransom and had their data leaked anyway, or if the ransomware gang stuck to its word and “only” leaked in cases of non-payment. Ensure your RDP points are locked down with a good password and multi-factor authentication. Keep your tools in good shape.

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12 Essential Risk Mitigation Strategies for 2024

Centraleyes

NIST tags: Protect/Detect Exercise a System Recovery Plan Develop and regularly review a comprehensive system recovery plan to ensure business continuity during system disruptions or data breaches. Encrypt and securely store backups offsite to protect critical data from unauthorized access or tampering.

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