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NEW TECH: Trend Micro flattens cyber risks — from software development to deployment

The Last Watchdog

As jarring as this abrupt shift to remote work has been for countless companies, government agencies and educational institutions, it has conversely been a huge boon for cyber criminals. The Internet from its inception has presented a wide open attack vector to threat actors. Threat actors haven’t missed a beat. I’ll keep watch.

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Securing Success: The Crucial Role of a Cybersecurity Specialist in a Growing Business

Joseph Steinberg

When it comes to cybersecurity the same is true – you need a cyber security if you want to competently address cyber risk. Today, cyber attacks can not only cause financial disasters, they can literally kill people. As time passes, cyber risks continue to grow, and the need for such external advisors does the same.

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Have board directors any liability for a cyberattack against their company?

Security Affairs

As the risk of a cyberattack grows, it is pivotal to consider whether the directors of a company hit by a ransomware attack, for example, can bear any liability for negligence in failing to take steps to limit the risk. The size of the cyber risk to companies cannot be underestimated.

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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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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.

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WEF Outlines Path to Cyber Resilience for Manufacturing Sector

SecureWorld News

Simply checking boxes is no longer sufficient to withstand escalating cyber attacks from criminals, nation-states, and insiders," the paper states. Manufacturers must make cyber resilience a fully institutionalized part of their organizational identity." trillion annually. "

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13 Important Considerations When Obtaining Cyber Liability Insurance

Joseph Steinberg

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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