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The Cyber Insurance Landscape Has Grown More Complicated

SecureWorld News

When considering adding a cyber insurance policy, organizations, both public and private, must weigh the pros and cons of having insurance to cover against harm caused by a cybersecurity incident. Having cyber insurance can help ensure compliance with these requirements. Can companies live without cyber insurance?

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New DHS Rules Aim to Enhance Visibility Across Critical Infrastructure

SecureWorld News

It will allow corporations to simplify and deploy more effective cybersecurity programs," Seara stated, recommending companies "start with cyber risk quantification to prioritize risk mitigation projects." billion implementation cost from 2023-2033 "modest compared to the scale of cybercrime."

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Building a Cyber Resilient Business: The Protection Layer

Webroot

Cybercrime is on the rise. billion to data breaches and cybercrime. billion to data breaches and cybercrime. This is all happening while companies are spending trillions digitizing their business operations and trying to obtain secure cyber insurance while keeping up with regulatory changes in GDPR, HIPAA, and Sarbanes-Oxley.

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Cybersecurity threats: what awaits us in 2023?

SecureList

The ongoing geopolitical storm brings not only classical cyberthreats for business, but also unpredictable risks and ‘black swans’ The main problem for 2023 will be supply-chain stability and cybersecurity. We can therefore expect that cybercrime groups from either block will feel safe to attack companies from the opposing side.

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Report: Cyberattacks drive 185% spike in health care data breaches in 2021

SC Magazine

Estimates show cybercrime will cause $6 trillion in global damages this year and is predicted to reach $10.5 Now as the healthcare industry gets some breathing room from the pandemic, another one is surging – cyberattacks,” Dan L. The Government Accountability Office warned all private sector entities of this insurance shift in May.

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Ransomware captures attention of business leaders, as losses become real

SC Magazine

A new Cybereason survey found that more than four out of five respondents from various business sectors – some 81% – said they are “highly” or “very concerned” about the risk of ransomware attacks. In addition, having cyber insurance coverage in place does not guarantee an organization can recoup losses associated with a ransomware attack.

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U.S. Government Warning on Ransomware Payments: What Does It Mean?

SecureWorld News

This was not about the cybercrime itself, but instead, the regulatory trouble your organization could face for facilitating ransomware payments. The Treasury Department says it declares certain ransomware gangs and cybercrime groups as sanctioned for their actions. Ransomware groups may be sanctioned; paying could be trouble.