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GUEST ESSAY: New SEC rules aim to help C-levels, board members quantify cyber risks

The Last Watchdog

Securities and Exchange Commission (SEC) is taking steps to crack down on insufficient cyber risk reporting. Related : Making third-party risk audits actionable. Worryingly, threats are beginning to outpace organizations’ ability to effectively prevent and respond to them. Fostering understanding.

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Half a billion cyber attacks thwarted by Tokyo Olympics 2021

CyberSecurity Insiders

Hackers are always interested in events that grab the attention of the entire globe and one such sporting event was the Tokyo Olympics 2020 that was postponed by the organizers because of COVID-19 Pandemic and rescheduled and held between July–August 2021 i.e. in this year. times the amount observed during the 2012 London Olympics.

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How to Use Your Asset Management Software to Reduce Cyber Risks

CyberSecurity Insiders

IT asset management aka ITAM counts among the key components of a vigilant, full-fledged security strategy — because it allows your security staff to retain a real-time database of IT assets and the related attack vectors. . Let us now see how you can make the best use of ITAM to minimize cyber attacks.

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Cyber Threats to the FIFA World Cup Qatar 2022

Digital Shadows

Sporting events, like the upcoming FIFA World Cup Qatar 2022 (Qatar 2022 World Cup), attract massive attention from every corner of the world. Cyber threat actors, with varying resources and motivations, are highly interested in these eye-catching events too. Scams could present themselves in many forms.

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Cyberattacks Deal Heavy Financial Blows to Clorox, Johnson Controls

SecureWorld News

New regulatory filings have exposed the skyrocketing costs of major cyber incidents, as big brands Clorox and Johnson Controls admitted collectively suffering more than $75 million in attack-related expenditures last year. Cleaning giant Clorox was struck by an unspecified cyber event discovered in August 2023.

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Brand New SEC Cybersecurity Requirements

Approachable Cyber Threats

If you’re a publicly traded company, you’re required to report cybersecurity events that impact the bottom line to your investors. In the event of a cybersecurity incident you’re expected to report it to investors within just four days. and then repeat that process for the many other risks that could lower the value of your investment.

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The future of cyber insurance

IT Security Guru

Their loss ratios – total claims plus the insurer’s costs, divided by total premiums earned – are now consistently above 60%, which presents something of an existential threat to the insurance industry, making cyber risk a potentially uninsurable area due to falling profitability.