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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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Cybersecurity Best Practices for SMB IT

Hacker Combat

Sure, this might sound like something that doesn’t need to be said, but a surprising number of data breaches occur because people neglect to treat security as a priority. Passwords go unchanged for years because they’re easy to remember. Carry Cyber Insurance. Access codes are shared among “trusted” employees.

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4 ways businesses can save money on cyber insurance

Malwarebytes

So, your business has just suffered a data breach and it’s time to dig deep in your pockets to pay all the resulting expenses. Without cyber insurance , you can expect to pay a dizzying amount of cash. Here are four ways your business can save money on its insurance. How is cyber insurance priced?

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Cybersecurity for Nonprofits: Cost-Effective Defense Strategies

SecureWorld News

The costs of recovering from such incidents, especially for smaller organizations without cyber insurance, can be devastating. Having basic cyber hygiene Advanced technology is important, but basics like regular data backups, software updates, strong password policies, and multi-factor authentication are fundamental.

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Why 83 Percent of Large Companies Are Vulnerable to This Basic Domain Hack

Adam Levin

We are all weary of the endless cycle of hacks and data breaches and we’re increasingly blaming businesses that have been compromised rather than the hackers themselves. It should include an inventory of who can access registrar accounts, implementation of two-factor authentication, and password hygiene checks.

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Local government cybersecurity: 5 best practices

Malwarebytes

Take cyber insurance , for example. Cyber insurance can prevent local governments from having to pay huge out of pocket costs in the event that they’re hit with a cyberattack. Data encryption for data at rest and in transit. Prohibit use of known/fixed/default passwords and credentials.

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Multiple schools hit by Vice Society ransomware attack

Malwarebytes

There’s no word if any of the schools affected paid the ransom and had their data leaked anyway, or if the ransomware gang stuck to its word and “only” leaked in cases of non-payment. Ensure your RDP points are locked down with a good password and multi-factor authentication. Keep your tools in good shape.