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Cyber Insurance Costs Soaring: Is Your Organization Covered Enough?

SecureWorld News

In this digital battlefield, cyber insurance has emerged as a crucial shield, offering financial protection against data breaches, ransomware attacks, and other cyber incidents. This rapid ascent begs the question: what's driving the price hike, and are businesses fully prepared for the escalating cost of cyber defense?

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Report: Cyber Insurance Not Driving Ransomware Market

SecureWorld News

-based Royal United Services Institute (RUSI) for Defence and Security Studies conducted an extensive 12-month research project , which aimed to examine the role of cyber insurance in addressing the threats posed by ransomware. RUSI's research challenges the notion that cyber insurance is a direct catalyst for ransomware.

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Local government cybersecurity: 5 best practices

Malwarebytes

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. Data encryption for data at rest and in transit. Baltimore learned this the hard way. (An Enhanced logging. Consider outsourcing.

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#ISC2CONGRESS – Lessons Learned from the Baltimore Ransomware Attack

CyberSecurity Insiders

When trying to log on to their computers, users were getting a message saying the systems had been encrypted with Ransom.Robinhood ransomware. On the business side, the plan should address elements such as having a communication plan for the CISO, CIO and company executives as well as a risk management component that includes cyber insurance.

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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. In 2023, we are likely to see an increase in cloud-enabled data exfiltration in ransomware scenarios in lieu of encryption.

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Simplifying the fight against ransomware: An expert explains

Malwarebytes

A solution that provides options for file recovery (in case something does get encrypted) Finally, these features are valuable for detecting and thwarting all malware , not just ransomware: Exploit prevention Behavioral detection of never-before-seen malware Malicious website blocking Brute force protection.

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Top VC Firms in Cybersecurity of 2022

eSecurity Planet

Company Sector Year Status Beyond Identity Identity management 2020 Private Expel Managed security service 2016 Private Tigera Zero trust for K8s 2016 Private Intrinsic Application security 2016 Acquired: VMware HackerOne Penetration testing 2015 Private Virtru Data encryption 2014 Private Cloudflare Cloud infrastructure 2010 NYSE: NET.