Remove Artificial Intelligence Remove Cyber Attacks Remove Data breaches Remove Insurance
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Cyber-Liability Insurance 101: First Party Vs. Third Party Risks

Joseph Steinberg

Understanding the difference between the two is also essential when seeking to obtain – and when acquiring – cyber-liability insurance. First-party cyber-liability risks refer to risks that directly endanger an organization. First-Party Risks And Coverage.

Insurance 141
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Top 5 Industries Most Vulnerable to Data Breaches in 2023

Security Boulevard

Unfortunately, the increasing reliance on digital systems and capabilities has also attracted an ever-growing number of malicious actors seeking to defraud businesses through phishing , social engineering , or ransomware attacks. The end result of these types of cyber attacks are often highly public and damaging data breaches.

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Integrating GRC with Emerging Technologies: AI and IoT

SecureWorld News

The integration of Governance, Risk, and Compliance (GRC) strategies with emerging technologies like Artificial Intelligence and the Internet of Things are reshaping the corporate risk landscape. In recent years, these programs have become even more effective thanks to technology such as artificial intelligence.

IoT 80
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Rising volume of email fatigue opens doors for Cybercriminals

CyberSecurity Insiders

How email-based cyber attacks work. Email-based attacks are not a new problem. For example, some of the most notorious email-related cyber attacks of the 1990s came through the propagation of the Melissa virus. The Revere Health data breach was small scale compared to the 2020 MEDNAX data breach.

Phishing 124
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13 Important Considerations When Obtaining Cyber Liability Insurance

Joseph Steinberg

While leveraging cyber-liability insurance has become an essential component of cyber-risk mitigation strategy, cyber-liability offerings are still relatively new, and, as a result, many parties seeking to obtain coverage are still unaware of many important factors requiring consideration when selecting a policy.

Insurance 258
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Cybersecurity threats: what awaits us in 2023?

SecureList

Given the continued surge of ransomware attacks, which soared 288% in the first half of 2022 alone, the need for cyber insurance will be a bigger priority, especially in the SMB market. Yet, in addition to cyber insurance, companies will need a designated DR or RR (Rolling Recovery) plan.

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Unlocking the Importance of Cybersecurity for Business Success

Joseph Steinberg

The financial implications of a successful cyber attack can be catastrophic. The costs associated with data breaches, system disruptions, and the aftermath of cyber incidents can quickly escalate. Mitigating Financial Risks Cybersecurity is an integral part of risk management for businesses.