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CFOs ignoring billions of dollars loss incurred through Cyber Risks

CyberSecurity Insiders

Chief Financial Officers aka CFOs are ignoring billions of dollars loss incurred through cyber risks and threats, says a survey. So, experts want the CFOs to stay in a loop with the board to understand the risks and severity involved in cyber attacks.

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Drilling Rigs in deepwater are vulnerable to Cyber Attacks

CyberSecurity Insiders

A study conducted by a cybersecurity firm named Naval Dome has discovered that most of the drilling rigs operating in deep waters are vulnerable to cyber attacks. Naval Dome researchers found in their two-year-old study that various companies involved in oil business were mitigating cyber risks with great care.

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UPDATE DEF CON DOOM Patrol: Deere Jailbreak Raises Questions on Security, Competition

The Security Ledger

A researcher presented the results of a year-long effort to reverse engineer John Deere hardware to run a version of the DOOM first person shooter. He also discovered a number of security flaws along the way. Read the whole entry. » Read the whole entry. »

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DEF CON DOOM Patrol: Deere Jailbreak Raises Questions on Security, Competition

The Security Ledger

A researcher presented the results of a year-long effort to reverse engineer John Deere hardware to run a version of the DOOM first person shooter. He also discovered a number of security flaws along the way. Read the whole entry. » Read the whole entry. »

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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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RSAC insights: How ‘TPRM’ can help shrink security skills gap — while protecting supply chains

The Last Watchdog

This is because third-party risk has become a huge problem for enterprises in the digital age. More so than ever, enterprises need to move beyond check-the-box risk assessments; there’s a clear and present need to proactively mitigate third-party risks. Cyber risks profiling.

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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.