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Cyber Insurance Costs Soaring: Is Your Organization Covered Enough?

SecureWorld News

Cybersecurity threats are a growing menace, wreaking havoc on businesses and individuals alike. In this digital battlefield, cyber insurance has emerged as a crucial shield, offering financial protection against data breaches, ransomware attacks, and other cyber incidents.

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CFOs ignoring billions of dollars loss incurred through Cyber Risks

CyberSecurity Insiders

Chief Financial Officers aka CFOs are ignoring billions of dollars loss incurred through cyber risks and threats, says a survey. Interestingly, over 87% of survey respondents are over-confident that their companies can overcome any level of threats, although their current Cybersecurity posture was never tested to the core.

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Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

Cyberattacks are not only a technological problem for companies, but they also represent a very real financial threat. That’s where cyber insurance may be able to help. But there’s a catch: Insurers are going to carefully assess your cybersecurity controls before writing any policy, and there are limits to coverage.

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Healthcare Cybersecurity Market Soars: Key Trends and Insights

SecureWorld News

This surge is driven by a convergence of factorsfrom a spike in ransom ware attacks to the digital transformation of healthcarethat CISOs and healthcare executives must understand and act upon. The healthcare sector faces an unprecedented wave of cyber threats, which in turn is fueling record growth in cybersecurity spending.

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Annual Reports: How They Warn of Cyber Risk

SecureWorld News

On page 34 of the report, Accenture dives into the risk that cyber poses to the business. The section on cyber risk is in bold: "We face legal, reputational and financial risks from any failure to protect client and/ or Accenture data from security incidents or cyberattacks.". That's where the fine print comes in.

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Q&A: Why SOAR startup Syncurity is bringing a ‘case-management’ approach to threat detection

The Last Watchdog

This has exponentially expanded the attack surface available to motivated, well-funded threat actors. This, in short, is the multi-headed hydra enterprises must tame in order to mitigate rising cyber risks. Sutton: SOAR was born out of the gap between what SIEMs were supposed to be and the rising sophistication of cyber threats.

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2023 Cybersecurity Predictions from Marcus Fowler, Darktrace

CyberSecurity Insiders

A look ahead to 2023 we can expect to see changes in MFA, continued Hactivism from non-state actors, CISOs lean in on more proactive security and crypto-jackers will get more savvy. The hijacking of computer resources to mine cryptocurrencies is one of the fastest growing types of cyber-threats globally.