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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

The economic impact of cybercrime on business across the globe continues to reach new levels, with the cost predicted to reach US$10.5 Yet, boardroom focus on cyber risk appears to be diminishing. In 2024, it is predicted to remain at 27% whilst business preparedness for this risk continues to decline.

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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. Remote desktop risks.

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Small and Medium Businesses Day: Tips on Securing the Backbone of National Economies

Thales Cloud Protection & Licensing

Small and Medium Businesses Day: Tips on Securing the Backbone of National Economies madhav Tue, 06/27/2023 - 05:46 The United Nations General Assembly designated 27 June as Micro-, Small, and Medium-sized Enterprises Day to raise awareness of these businesses’ contribution to national economies.

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US Bill Would Require Vulnerability Disclosure for Federal Contractors

SecureWorld News

However, some critics have argued that the bill could be too burdensome for small businesses. Kip Boyle, vCISO, Cyber Risk Opportunities LLC, had this to say about the proposed bill: "This is a reasonable change when looked at it on its own. Mittal will be presenting on "How Deep Are We in These Fakes?

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Here’s Why SMBs Need Improved Cybersecurity Now More Than Ever

Vipre

Even prior to the pandemic, a 2019 survey revealed that only 14 percent of SMBs rated their ability to prevent and properly address cyber risks and vulnerabilities as useful. . There are a number of reasons that SMBs find themselves at risk for security breaches. Access to financial information including bank accounts.

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Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

Others specialize in small businesses that are often targeted by ransomware these days. Those with an existing and satisfactory business insurance relationship with a vendor are advised to first contact that company, as they may be able to offer attractive rates by packaging cyber insurance with other types of insurance.

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External vs Internal Vulnerability Scans: Difference Explained

eSecurity Planet

External vulnerability scans are conducted based on the size of your organization, with different frequencies for small and large enterprises. They simulate potential attacks from insiders, compromised devices, or accounts.