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Cyber Insurers Pull Back Amid Increase in Cyber Attacks, Costs

eSecurity Planet

The explosion of ransomware and similar cyber incidents along with rising associated costs is convincing a growing number of insurance companies to raise the premiums on their cyber insurance policies or reduce coverage, moves that could further squeeze organizations under siege from hackers. Insurers Assessing Risks.

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Safety first: Will insurance companies stall or accelerate cybersecurity progress?

SC Magazine

He referenced an insurer’s role in designing pressure relief valves for the steam engines powering Philadelphia in the 1800s: “They said if you wanted to have insurance, you have to have this piece of architecture on your system.” In so doing, “they drove security or solutions to avoid large insurance claims.”.

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NEW TECH: Brinqa takes a ‘graph database’ approach to vulnerability management, app security

The Last Watchdog

Imposing just the right touch of policies and procedures towards mitigating cyber risks is a core challenge facing any company caught up in digital transformation. Related: Data breaches fuel fledgling cyber insurance market. Enterprises, especially, tend to be methodical and plodding.

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The Surge of Double Extortion Ransomware Attacks

Pen Test

Double extortion introduces catastrophic risks of data breach and loss of customer trust if sensitive information gets leaked publicly. Even just the notification of a data breach can harm an organization's reputation and bottom line. Don't let patching lag. Have notification procedures and press releases ready.

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34 Most Common Types of Network Security Protections

eSecurity Planet

From there, these tools send alerts to security teams if and when risks are identified. Vulnerability management is handled not only by cybersecurity and IT teams but by cross-functional teams that understand how assets are used across the organization.

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What is Cyber Liability Insurance?

Duo's Security Blog

While the risk of an employee clicking on a foreign prince’s secret gold offer may be past us, modern-day technologies have evolved and expanded in today’s remote work and IoT-connected settings. Kind of like how your car insurance needs to know your location, make and model, and how many teenagers will be behind the wheel.

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How to Recover From a Ransomware Attack

eSecurity Planet

A zero-trust architecture with continuous authorization might be the preferred option for some, but a traditional security framework can provide adequate security for many. Is the attack small enough that we do not need to file a cyber insurance claim? We will also need to: Recover our data. Assess for data breach.