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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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Understanding Cyber Risk and the C-Suite

CyberSecurity Insiders

As a result, cybersecurity has become a top priority for organisations of all sizes, and the C-suite, including CEOs, CFOs, CIOs, and CISOs, plays a critical role in managing and mitigating cyber risk. Email remains the primary communication tool for businesses, but it also poses significant security risks.

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Ransomware Guidelines published by NIST

CyberSecurity Insiders

The National Institute of Standards and Technology, renowned shortly as NIST has published some ransomware guidelines that need to be followed by organizations that are concerned about ransomware attacks. . The post Ransomware Guidelines published by NIST appeared first on Cybersecurity Insiders. And those are-. .

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MY TAKE: A path for SMBs to achieve security maturity: start small controlling privileged accounts

The Last Watchdog

The challenge of embracing digital transformation while also quelling the accompanying cyber risks has never been greater for small- and mid-sized businesses. Somehow SMBs must keep pace competitively, while also tamping down the rising risk of suffering a catastrophic network breach. SMBs today face a daunting balancing act.

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The Evolving Role of Cyber Insurance in Mitigating Ransomware Attacks

SecureWorld News

Ransomware attacks have become a significant threat to organizations of all kinds worldwide, with attackers encrypting data and demanding payment for its release. In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network.

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MY TAKE: ‘Bashe’ attack theorizes a $200 billion ransomware raid using NSA-class cyber weapons

The Last Watchdog

A report co-sponsored by Lloyd’s of London paints a chilling scenario for how a worldwide cyberattack could trigger economic losses of some $200 billion for companies and government agencies ill-equipped to deflect a very plausible ransomware attack designed to sweep across the globe. cyber foes exploit government shutdown.

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A Ransomware Group Claims to Have Breached the Foxconn Factory

Hacker Combat

ransomware to conduct the cyber-attack, the hackers threaten to expose stolen files unless the company pays a ransom. The ransomware gang demanded over $34 million in bitcoin to be paid as ransom. How to Recognize a Ransomware Attack. How to Prevent Ransomware Attacks. using the LockBit 2.0