The Last Watchdog

AUGUST 25, 2020

Tech research firm IDC recently named Trend Micro the top supplier of “ hybrid cloud workload security ” systems, with a global market share of 29.5 All year now they’ve been stepping up cyber attacks that leverage and/or exploit the notoriety of the global pandemic in one way or another. Threat actors haven’t missed a beat.

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SC Magazine

MAY 24, 2021

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

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SecureWorld News

APRIL 12, 2021

This is because in past instances, a single statement from previous Federal Reserve Chairs have sent the markets racing up or down. Federal Reserve Chairman Statement on Cyber Risk. There are cyber attacks every day on, on all major institutions. Now, that's a big part of the threat picture in today's world.".

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SecureWorld News

NOVEMBER 29, 2023

A few percentage slide in company value on the stock market could be in the hundreds of millions if not billions of dollars. Hospital administrators are quick to point out that, to date, there have been no known cases in which a ransomware attack on a healthcare facility has been proven to lead to a patient's death.

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Security Affairs

FEBRUARY 9, 2020

The president of the European Central Bank (ECB), Christine L agarde, is warning that a cyber-attack on a major financial institution could trigger a liquidity crisis. The president of the European Central Bank (ECB), Christine Lagarde, has warned that a coordinated cyber-attack on major banks could trigger a liquidity crisis.

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IT Security Guru

FEBRUARY 28, 2023

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.

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Duo's Security Blog

JUNE 9, 2022

From these conversations, it is clear cyber liability insurance is steadily rising to the top of the agenda, due to the sheer amount and scale of cyber-attacks hitting firms. So, what is the chief contributor to this hard market from a cybersecurity and threat landscape perspective? Here are my key takeaways.

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The Last Watchdog

DECEMBER 14, 2023

Last Watchdog posed two questions: •What should be my biggest takeaway from 2023, with respect to mitigating cyber risks at my organization? ai Antani Many speculated that the ransomware attack on a Toyota supply chain player in Kojima, Japan was in retaliation for Japan’s aid to Ukraine. Educate your workforce.

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CyberSecurity Insiders

JANUARY 11, 2022

The round brings Pentera’s valuation to $1 billion after only three years in the market since the debut of its automated penetration testing technology. Legacy vulnerability management platforms have given a false sense of security to the market,” said Christian Grant, Senior Vice President, K1 Investment Management. About Pentera.

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CyberSecurity Insiders

JANUARY 11, 2022

The round brings Pentera’s valuation to $1 billion after only three years in the market since the debut of its automated penetration testing technology. Legacy vulnerability management platforms have given a false sense of security to the market,” said Christian Grant, Senior Vice President, K1 Investment Management. About Pentera.

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The Last Watchdog

JUNE 2, 2022

Cyber risks profiling. CyberGRX’s global cyber risk Exchange caught on quickly. The exchange has proven to be a perfect mechanism for fleshing out much richer cyber risk profiles of third-party vendors. Stapleton characterizes this as “cyber risk intelligence” profiling.

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Responsible Cyber

APRIL 7, 2020

A recent Chubb SME Cyber Preparedness Survey showed that Singapore SMEs are not prepared for cyber-attacks including most of the small and medium enterprises across Asia Pacific. Nearly two-thirds (63 per cent) of respondents believe they are less exposed to cyber incidents than multinationals.

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The Last Watchdog

FEBRUARY 21, 2023

Alibaba controls the world’s largest money market fund and handles more payments than Mastercard. Baidu is extending into deep- learning markets, such as brain-inspired neural chips – all under China’s state-run umbrella. Huawei is just one example of the breadth and depth of China’s digital strategy.

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Security Boulevard

NOVEMBER 24, 2023

First published by HelpNetSecurity  — Matthew Rosenquist Cybersecurity insurance is a rapidly growing market, swelling from approximately $13B in 2022 to an estimated $84B in 2030 (26% CAGR), but insurers are struggling with quantifying the potential risks of offering this type of insurance.

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Security Boulevard

OCTOBER 27, 2022

According to research conducted by Statista, the cybersecurity market is currently worth $159.8 As the number of cyber and IT businesses, tools, and employees has grown, the volume of cyber attacks on businesses of all shapes and sizes has skyrocketed. billion and is expected to grow to $345.4 billion by 2026.

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Security Affairs

MARCH 24, 2024

surfaces in the threat landscape Pokemon Company resets some users’ passwords Ukraine cyber police arrested crooks selling 100 million compromised accounts New AcidPour wiper targets Linux x86 devices.

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Thales Cloud Protection & Licensing

MAY 10, 2022

With businesses becoming more and more digitized, they are exposed to greater cyber risks. And while organizations are taking steps to protect against cyber attacks, cybersecurity controls are not impenetrable. Cyber risk insurance covers the costs of recovering from a security breach, a virus, or a cyber-attack.

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SecureWorld News

APRIL 17, 2023

By the way, Sean Scranton will be presenting on "Covering Your Cyber Assets" at the SecureWorld Philadelphia conference on April 19-20. Can companies live without cyber insurance? that may be included as part of the cyber insurance coverage terms. Theresa Le, Chief Claims Officer, Cowbell: "Cyber insurance is highly recommended.

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IT Security Guru

JUNE 28, 2022

Recent research from Hiscox even found that a fifth of businesses across the US and Europe faced insolvency as a direct result of a cyber attack. Unfortunately, transferring traditional insurance models to the cyber-sphere isn’t an easy task. This estimate turned out to be five times larger than the market in 2008.

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SecureWorld News

MAY 26, 2021

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year. cyber insurance market and the results are in.

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Jane Frankland

DECEMBER 7, 2023

Cybersecurity can often feel like a game of cat and mouse where cyber attackers and defenders engage in a chase, with one party trying to outsmart the other. Just like in previous years, 2024 is set to test practitioners’ skills as the frequency of cyber threats continues to surge leaving no room for complacency.

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Security Affairs

APRIL 5, 2023

For some, a cyber criminal matches some of the Hollywood tropes: a person sitting alone in a dimly lit room, furiously mashing on a keyboard to steal information from a person or company. To address this gap, the JCDC is planning proactive measures for future cyber risks.

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BH Consulting

FEBRUARY 15, 2024

Creeping cyber risk grabbing global headlines The World Economic Forum’s latest Global Cybersecurity Outlook 2024 gives senior leaders a high-level overview of cybersecurity trends. Cyber attacks featured in the top five risks for the year ahead, along with factors like extreme weather and the cost of living crisis.

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Spinone

NOVEMBER 22, 2018

We covered the cybersecurity landscape including the most high-profile cyber crime statistics: number of attacks, crime targets, cybersecurity spendings, and cyber risk management. Spending on Cyber Security Why is the cybersecurity market expanding so rapidly?

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Security Boulevard

FEBRUARY 8, 2023

Cyber Insurance: Gold Rush to Wild West Cyber insurance premiums increased 80% in 2021, making them an unsustainable expense for many companies. Cyber insurance was once a soft market where insurance carriers were covering virtually anyone. We hope this webinar provides insight on the cyber insurance market.

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CyberSecurity Insiders

JUNE 25, 2022

As the threat of cyber-attacks continues to increase exponentially, a debate has erupted over the years, leaving organizations to choose between two sides. But now we’ve reached a whole new level of cyber-attacks. Thanks to the exponential rise in attacks, cyber investment has skyrocketed. Real time data.

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Duo's Security Blog

OCTOBER 7, 2022

It will be unsurprising that because of this demand, insurers are particularly careful how they build their policies to minimize their risk from large cyber events. This is especially true if the company looking for cover hasn’t taken adequate enough steps to minimize cyber risks itself.

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eSecurity Planet

FEBRUARY 2, 2022

Tens of thousands of applications that are critical to the operations of data centers around the globe are exposed to the internet, with many secured with default factory passwords, posing a significant cyber risk to enterprises worldwide. Doing so puts the complete environment at risk of cyber-attack.

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SecureWorld News

DECEMBER 7, 2022

These algorithms will be able to learn and adapt to changing patterns in cyber threats, allowing them to detect and respond to attacks in real time. This has led to a competitive job market and has made it difficult for businesses to find, hire, and retain the talent they need to protect themselves from cyberattacks.

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CyberSecurity Insiders

DECEMBER 28, 2021

Arctic Wolf is one of the fastest-growing cybersecurity companies globally on a mission to end cyber risk. Professional racing and cybersecurity share a commonality in speed and precision—where literal seconds can make or break any outcome,” said Dan Larson, chief marketing officer, Arctic Wolf. “As

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The Last Watchdog

MARCH 10, 2020

A 2018 Cisco Cybersecurity Special Report found that 54 % of all cyber attacks cost the target company more than $0.5 However, smaller companies rarely have the IT talent, tools, or budget to prevent such attacks. Devolutions was established a decade ago and fills a gap in the market. It’s really about offering value.”

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Security Affairs

APRIL 22, 2022

The events of the past two years have made this shift clear: from ransomware attacks to the challenges of managing distributed workforces, digital risk is different. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance.

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CyberSecurity Insiders

DECEMBER 6, 2021

These attacks received global attention and spotlighted the need for even more attention on cybersecurity best practices. Phishing remains one the most common attack methods among cyber attackers, and the industry agrees that there can never be enough cybersecurity awareness training. Be ready for ransomware.

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CyberSecurity Insiders

FEBRUARY 3, 2022

Cyvatar is driving an entirely new model of fully managed cybersecurity services that provide our members with the highest levels of cyber risk prevention and effortless cybersecurity through our subscription model. Member experience is crucial to this mission,” said Cyvatar Co-Founder and CEO Corey White.

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Joseph Steinberg

AUGUST 5, 2021

While leveraging cyber-liability insurance has become an essential component of cyber-risk mitigation strategy, cyber-liability offerings are still relatively new, and, as a result, many parties seeking to obtain coverage are still unaware of many important factors requiring consideration when selecting a policy.

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Centraleyes

JANUARY 21, 2024

The Evolving Cyber Threat Landscape The contemporary threat and regulatory landscape have pressed organizations to fortify their cyber-crisis management capabilities. In recent years, a surge in cyber-attacks targeting critical infrastructure has been observed globally.

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BH Consulting

JANUARY 11, 2022

We begin with a look at a contentious topic: cyber risk insurance. BH Consulting’s Head of Sales and Marketing John Mangan weighed the pros and cons in a thoughtful blog. Risk vs reward. There is an argument that cybersecurity insurance is useful because it makes people think of business risk, not just IT.

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