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The Cyber Insurance Landscape Has Grown More Complicated

SecureWorld News

When considering adding a cyber insurance policy, organizations, both public and private, must weigh the pros and cons of having insurance to cover against harm caused by a cybersecurity incident. Having cyber insurance can help ensure compliance with these requirements. Can companies live without cyber insurance?

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Cyber Insurance and the Attribution Conundrum

Cisco Security

Lloyds of London have recently published a Market Bulletin 1 addressing the wording of cyber insurance policies to exclude losses arising from: “ state backed cyber-attacks that (a) significantly impair the ability of a state to function or (b) that significantly impair the security capabilities of a state. ”.

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CFOs ignoring billions of dollars loss incurred through Cyber Risks

CyberSecurity Insiders

Contrarily, 66% of Chief Information Security Officers (CISOs) felt that their IT infrastructure was super vulnerable to cyber attacks, as they were ill prepared to encounter them- all due to budget constraints. Embracing regulatory trends can also help in keeping the company’s digital assets out of situational trouble.

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Has ESG Become aWake-Up Call for Cybersecurity?

Security Boulevard

Even with ransomware costing billions of dollars in losses and cyber insurance claims, organizations are still impacted beyond the checkbook. Email phishing, brute force, and even employees leaving with a host of USB sticks, organizations face countless and often unreported cyber attacks.

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How to build a cyber capable board

Security Boulevard

businesses can be built on, and destroyed by, cyber risk. Ask your cyber exec to explain the threats facing the organisation. 2 Talk to your CISO. Few chief information security officers (CISOs) have a close relationship with the board in their organisations?—?many Everyone, it seems, has an opinion on the issue.

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Challenges and Opportunities of the Cyber Liability Insurance Market

Duo's Security Blog

As an advisory CISO and part of Cisco’s strategy group, an essential part of my role is talking to CISOs from every kind of organization. From these conversations, it is clear cyber liability insurance is steadily rising to the top of the agenda, due to the sheer amount and scale of cyber-attacks hitting firms.

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Key Cybersecurity Trends for 2024: My Predictions

Jane Frankland

Cybersecurity can often feel like a game of cat and mouse where cyber attackers and defenders engage in a chase, with one party trying to outsmart the other. Just like in previous years, 2024 is set to test practitioners’ skills as the frequency of cyber threats continues to surge leaving no room for complacency.