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

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. 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.

Insiders

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Spotlight Podcast: CSO Chris Walcutt on Managing 3rd Party OT Risk

The Security Ledger

In this Spotlight Podcast, host Paul Roberts talks with Chris Walcutt, the CSO of DirectDefense about the rising cyber threats facing operational technology (OT) and how organizations that manage OT - including critical infrastructure owners can best manage increased cyber risks to OT environments. Read the whole entry. »

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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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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. Maintain a senior management and board approved cyber insurance risk strategy. ·

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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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What is Cybersecurity Risk Management?

eSecurity Planet

Risk management is a concept that has been around as long as companies have had assets to protect. Risk management also extends to physical devices, such as doors and locks to protect homes and vehicles, vaults to protect money and precious jewels, and police, fire, and CCTV to protect against other physical risks.

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