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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. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

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Cyber and Privacy Risks for Real Estate Enterprises

SecureWorld News

Cyber risk is an existential issue for companies of all sizes and in all industries. However, it also exposes companies to additional layers of risk. However, it also exposes companies to additional layers of risk. Real estate portfolios are uniquely exposed to cyber-physical damage risk?

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Episode 179: CISO Eye on the Virus Guy – Assessing COVID’s Cyber Risks

The Security Ledger

In this episode of the podcast (#179), CISO Kayne McGlandry of IEEE joins us to talk about the cyber risks posed by COVID and why COVID-themed phishing emails shouldn’t be your only concern. Also: SMBs Struggle with Identity Spotlight Podcast: How DU Telecom Manages Digital Transformation Risk. Read the whole entry. »

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As market for cyber insurance booms, watchdog calls for better data

SC Magazine

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

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ShinyHunters Hits Ticketmaster with Breach Impacting 560 Million Users

SecureWorld News

Customers can protect themselves by changing passwords and monitoring their accounts, although this may be fruitless if the attackers still have access or if there is no breach in the first place." The reported Ticketmaster-Live Nation breach also underscores escalating third-party cyber risks for companies entrusted with customer data.

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Unlocking SMB Cybersecurity: The Rise of Virtual CISOs in 2024 and Beyond

Security Boulevard

But, SMBs need security leaders to guide them through the maze of cyber risk and craft practical strategies that align with their unique ever-evolving business objectives. They often either ignore the risks or get lured into purchasing shiny tools that do not meet their overall needs. There are risks in the vCISO market.

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The Evolving Role of Cyber Insurance in Mitigating Ransomware Attacks

SecureWorld News

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. Here, cyber insurance serves as an invaluable safety net by offering essential financial coverage and support services in the event of a ransomware attack occurring.