The Last Watchdog

JULY 13, 2023

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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The Last Watchdog

NOVEMBER 15, 2021

Such a transformation however, comes with its own set of risks. Misleading information has emerged as one of the leading cyber risks in our society, affecting political leaders, nations, and people’s lives, with the COVID-19 pandemic having only made it worse. So, how do organizations prepare against such threats?

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CyberSecurity Insiders

AUGUST 26, 2022

Lloyd’s London, one of the largest insurance services providers in the world, has disclosed that it is making amendments to its cyber insurance laws that will come into effect from March 2023. All insurance companies exclude the risks inferred from war like situations.

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SecureWorld News

DECEMBER 27, 2022

Cyber is the risk to watch, according to a Financial Times article in which insurer Zurich's top executive is quoted. What will become uninsurable is going to be cyber,” said Mario Greco, CEO at Zurich, one of Europe's biggest insurance companies, in the Dec. 26 article. The two sides later settled.

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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

JUNE 6, 2024

We are excited to share that NSFOCUS has been recognized in Forrester’s The Insider Risk Solutions Landscape, Q2 2024 report. Insider Risk Management is a field filled with internationally renowned security vendors and tech giants. The post NSFOCUS: Pioneering Technology and Industry Leadership appeared first on Security Boulevard.

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CyberSecurity Insiders

MARCH 25, 2021

On the security front, a research carried out by Cybersecurity Ventures has predicted that the cyber attacks on online business will bring an estimated loss of $6 trillion to companies operating across the globe by 2021 and the gaming industry is said to be impacted the most.

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CyberSecurity Insiders

JUNE 21, 2021

From a macro level, the primary focus is speed to market. This means that the product team’s time and resources are spent defining target customers, securing funding and achieving the kind of scale that can bring its features to market quickly. Also consider an example of a fintech start-up that wants to build from the ground up.

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Cyber Attacks Data breaches Marketing Risk 144

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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Cyber Insurance Insurance Marketing Cyber Risk 94

Thales Cloud Protection & Licensing

AUGUST 3, 2021

Protecting Medical Data Against a Cyber-Attack Pandemic. Cyber criminals are always eager to take advantage of emergencies to further launch their nefarious actions. Besides dealing with the public health pandemic, healthcare providers must deal with another pandemic: cyber-attacks. An expanding attack surface.

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CyberSecurity Insiders

APRIL 8, 2022

Needless to say, this could put the well-being of hotel-goers at serious risk, could result in stolen items or damaged property, and would ultimately impact the reputation of the hotel. The post “Just in time:” How companies prevent privileged access cyber attacks appeared first on Cybersecurity Insiders.

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Thales Cloud Protection & Licensing

APRIL 25, 2022

How to protect healthcare and life-sciences data from a cyber attack pandemic. A pandemic of cyber attacks. While the digitalization of the healthcare and life sciences industry has led to better patient care, it has also made these industries potentially more vulnerable to attacks by cybercriminals. Data security.

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Thales Cloud Protection & Licensing

AUGUST 3, 2021

Protecting Medical Data Against a Cyber-Attack Pandemic. Cyber criminals are always eager to take advantage of emergencies to further launch their nefarious actions. Besides dealing with the public health pandemic, healthcare providers must deal with another pandemic: cyber-attacks. An expanding attack surface.

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Cyber Attacks Healthcare IoT Encryption 71

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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SecureWorld News

NOVEMBER 29, 2023

One of Spain's leading hospitals, Hospital Clinic de Barcelona, was hit by a ransomware attack on March 5 of this year that affected its computer systems and forced the cancellation of thousands of appointments and surgeries. Many ransomware attacks today involve exfiltration of victim data," said Dave Monnier, CIO of Team Cymru. "In

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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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IT Security Guru

AUGUST 17, 2023

The 2023 Edition of the National Risk Register predicts that, in the next two years, there is a 5 to 25% chance that a devastating attack will target critical infrastructure and cause physical harm. FMIs are considered high-profile targets for cybercriminals, and as such, must be resilient to significant cyber incidents.

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The Security Ledger

MAY 4, 2021

In this episode of the podcast (#213): Molly Jahn of DARPA and University of Wisconsin joins us to talk about the growing cyber risk to the Food and Agriculture sector, as industry consolidation and precision agriculture combine to increase the chances of cyber disruption of food production. Read the whole entry. »

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Schneier on Security

MARCH 26, 2020

Interesting article discussing cyber-warranties, and whether they are an effective way to transfer risk (as envisioned by Ackerlof's "market for lemons") or a marketing trick. The conclusion: Warranties must transfer non-negligible amounts of liability to vendors in order to meaningfully overcome the market for lemons.

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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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Security Affairs

APRIL 22, 2022

This shift to digital technology has created a new class of digital risks that are constantly evolving and strike faster and often with more severity than traditional risks. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance.

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Security Boulevard

MARCH 17, 2022

The estimated value of greater Decentralized Finance and cryptocurrencies surpassed half a trillion dollars in market capitalization in 2018, and then one trillion for the first time in 2021 ( 1 ). DeFi Aims to Provide an Alternative to Centralized Fiat Currency Markets Around the Globe.

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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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Cyber Insurance Insurance Marketing Cyber Risk 113

eSecurity Planet

OCTOBER 12, 2023

Cyber attackers frequently use legacy technology as part of their attack strategies, targeting organizations that have yet to implement mitigations or upgrade obsolete components. In an Active Directory environment, one such component is legacy protocols, which attackers can use to gain access to Active Directory.

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Risk Authentication Encryption Cybersecurity 142

Security Affairs

OCTOBER 2, 2018

The bank was fined because it was not able to demonstrate “due skill, care and diligence” in protecting customers’ accounts from cyber attacks. The fine the FCA imposed on Tesco Bank today reflects the fact that the FCA has no tolerance for banks that fail to protect customers from foreseeable risks. Pierluigi Paganini.

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Banking Cyber Attacks Accountability Risk 73

The Last Watchdog

AUGUST 18, 2021

This deal reads like to the epilogue to a book titled The First 20 Years of the Supremely Lucrative Antivirus Market. NortonLifeLock and Avast appear to be betting on the next iteration of the huge and longstanding consumer antivirus market. So NortonLifeLock has acquired Avast for more than $8 billion. billion in 2016, for instance.

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CyberSecurity Insiders

MAY 8, 2021

A report from Research Dive has revealed that the international application security market is expected to grow by $9.77 The rise in cyber attacks is the main factor that will drive the growth of the cybersecurity market. . This must also be noted that the size of the cybersecurity market in 2019 was $2.99

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SiteLock

AUGUST 27, 2021

Suddenly, the web host has suspended your site, and you’ve been blacklisted from major search engines because your site poses a risk to visitors. The security provider needs to get involved immediately because the longer the problem persists, the worse the damage becomes; and the financial impact of these cyber attacks worsen.

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The Last Watchdog

MARCH 6, 2021

Data and information can easily be lost in many ways, including physical damage to hardware, a cyber attack, or human error. Nemeth , digital marketing director at Keeper Security , is passionate about digital marketing and loves keeping people safe from cyberthreats. Back-up your data. It is vital to back-up your data.

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CyberSecurity Insiders

OCTOBER 28, 2021

Raphael Waller from Cardonet , an IT Service Provider, comments: “Most businesses and industries are now reliant on technology and because of this, the impacts of a cyber attack are more harmful than ever. The post Over two-thirds of workers are at risk of a cyber security attack appeared first on Cybersecurity Insiders.

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The Last Watchdog

JUNE 2, 2022

Third-Party Risk Management ( TPRM ) has been around since the mid-1990s – and has become something of an auditing nightmare. Related: A call to share risk assessments. This is because third-party risk has become a huge problem for enterprises in the digital age. Cyber risks profiling.

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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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Authentication Risk Digital transformation Passwords 170

Thales Cloud Protection & Licensing

MAY 22, 2024

In response to growing threats posed by increasing digitalization and the surge in cyber-attacks, the EU adopted NIS2 to strengthen security requirements and cyber resilience. NIS2 expands the original NIS Directive to cover more industry sectors, with additional risk-management measures and incident reporting obligations.

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SecureWorld News

APRIL 17, 2023

Risk management: Cyber insurance policies often require a risk assessment, which can help an organization identify and address vulnerabilities and improve its cybersecurity posture. Having cyber insurance can help ensure compliance with these requirements. Is it required? legal advice, forensic investigators, etc.)

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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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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 Boulevard

AUGUST 30, 2022

Cyber related businesses are ‘evolving risk’. issued a market bulletin dated August 16, 2022 setting out new rules for standalone cyber-attack policies that would exclude coverage for damages from state-sponsored attacks. Lloyds of London Ltd.

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