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A Cyber Insurance Backstop

Schneier on Security

One possible solution, touted by former Department of Homeland Security Secretary Michael Chertoff on a recent podcast , would be for the federal government to step in and help pay for these sorts of attacks by providing a cyber insurance backstop. But this is easier said than done.

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Unlock Savings: The Impact of Strong Passwords To Reduce Cyber Insurance Costs for Businesses

Cytelligence

The cost of cyber attacks, including financial losses, reputational damage, and legal consequences, can be staggering. To mitigate these risks, businesses often invest in cyber insurance. However, there is a powerful and cost-effective tool that businesses can utilize to reduce their cyber insurance costs: strong passwords.

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How to Save on Cyber Insurance and Be Harder to Hack

Adam Levin

Cyber insurance is still evolving, and as such you can still get good deals even if your cybersecurity is not completely up to snuff. At some point that will be a question that cyber insurers will think about 24/7, solutions evolving alongside challenges and underwriting calculations following close behind.

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4 ways businesses can save money on cyber insurance

Malwarebytes

Without cyber insurance , you can expect to pay a dizzying amount of cash. In 2022 alone, the average cost of a data breach for businesses under 1,000 employees was close to $3 million—and these costs are coming from activities that cyber insurers typically cover, such as detecting and responding to the breach.

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Strengthening Password Security may Lower Cyber Insurance Premiums

Bleeping Computer

When insurers assess an organization's cybersecurity posture, password security is a key element considered. Learn more from Specops Software on how password security can affect your insurance premiums. [.]

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Don’t Bet on Passwords: Using MFA to Make Insuring Your Security Less of a Gamble

Duo's Security Blog

By this point, we’re all familiar with the list of requirements for a strong password: unique, long, memorable, free from any personal information… But even the strongest passwords can pose a risk if they’re the only thing standing between your users and enterprise content. trillion USD annually by 2025?

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Passkeys vs. Passwords: The State of Passkeys With Remote Users

Duo's Security Blog

"Based on FIDO standards, passkeys are a replacement for passwords that provide faster, easier, and more secure sign-ins to websites and apps across a user’s devices. Unlike passwords, passkeys are always strong and phishing resistant. The FIDO Alliance asserts that passkeys are a replacement for passwords.