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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

The data shows how perceptions around cyber and technology risks, from ransomware and other cyber-attacks to the threats posed by AI, are changing the global business risk landscape. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

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Half a billion cyber attacks thwarted by Tokyo Olympics 2021

CyberSecurity Insiders

A recent statement issued by the Summer Olympics Organizer from Japan revealed that the cyber threat to the games event was so intense that the organizing committee had to hire a third party firm that with a dedicated team of 200 Cybersecurity specialists helped thwart over 500 million or half a billion cyber attacks.

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High demand for breached cloud account credentials

CyberSecurity Insiders

What’s mortifying about the report is that 58% of respondents predict they will again become a target of a sophisticated cyber attack, but are not in a position to defend themselves because of budget constraints. Such is the demand for the freshly available data- as cyber criminals are ready to pay anywhere around $7.48

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New Cyber Insurance Guidelines for New York businesses

CyberSecurity Insiders

After the SolarWinds cyber attack on Govt infrastructure, the government of United States seems to have taken Cybersecurity as a top priority to rectify any flaws that could make way to any future cyber attacks in the future. Evaluation of systemic risks that are associated to third parties.

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Pearson agreed to pay $1 million for 2018 Data Theft

CyberSecurity Insiders

To deteriorate the cyber risk, Pearson filed an annual review report in July 2019 saying there was a significant possibility of student Dobs and email addresses stolen in the cyber attack, when it actually knew that the records were indeed stolen.

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Cyber Threats: The Financial System’s Top Risk

CyberSecurity Insiders

With cyber attacks against financial and banking institutions now a daily occurrence, cyber threats have become the biggest risk to the global financial system, according to Federal Reserve Chairman Jerome Powell. But the world changes, the world evolves, and the risks change as well.

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It’s All Fun and Games Until You Get Breached – Tackling Security Challenges in the Remote Work Reality

IT Security Central

From healthcare to education to critical infrastructure, nobody seems to be safe from cyber attacks. Not even video game creators. News broke in early June that video game giant Electronic Arts was one of the latest victims of a major breach.