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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

Every time a driver buckles up or an airbag is deployed we see the powerful influence of the insurance companies who insisted those measures become mandatory. Now, those insurers are poised to drive cybersecurity investment by insisting that organizations meet certain criteria to qualify for coverage. A maturing model.

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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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A Guide to Key Management as a Service

Thales Cloud Protection & Licensing

Improved key management practices: With KMaaS, organizations can ensure that their keys are managed according to industry best practices, which helps minimize the risk of data breaches. Managing the encryption keys securely, KMaaS can help protect encryption and prevent unauthorized access to sensitive data.

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Strong medical device security awareness stifled by inventory, knowledge gaps

SC Magazine

In health care, ransomware and data breaches frequently receive the most media attention. The way health systems are structured, with many providers insuring their organization, it proves challenging to change behaviors,” he continued. “If Combatting health care’s greatest threats.

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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. Fines for non-compliance could offset insurance payouts.

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34 Most Common Types of Network Security Protections

eSecurity Planet

It also helps organizations to organize and assess data for vulnerabilities and determine an appropriate response plan in the case of a data breach. In worst-case scenarios, these firms should cover your business if you’re impacted by a data breach that leaks sensitive information and leads to fines and legal fees.