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The Comprehensive Value of Investing in Both Cybersecurity and Cyber Insurance

Security Boulevard

With ransomware attacks, social engineering, and data breaches at an all-time high, terms like “cybersecurity” and “cyber insurance” are being thrown around in conversation more than ever before. But what, in practice, do they mean – and how are the two intertwined?

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Top 8 Cyber Insurance Companies for 2022

eSecurity Planet

That’s where cyber insurance may be able to help. According to the Ponemon Institute and IBM, the global average cost of a data breach is $4.24 As the number and severity of data breaches continues to rise, organizations are recognizing that those costs are not theoretical. Cyber Insurance is Booming.

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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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26 Cyber Security Stats Every User Should Be Aware Of in 2024

Security Affairs

Phishing Attacks: Phishing is the top cyber attack, causing 90% of data breaches. Ransomware Attacks: In 2023, a whopping 72.7% of organizations faced ransomware. Data Breach Costs: The average global cost of a data breach in 2023 was $4.45 million per breach.

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The Surge of Double Extortion Ransomware Attacks

Pen Test

The Surge of Double Extortion Ransomware Attack s Ransomware attacks have become an increasingly severe threat to organizations around the world. The Evolution of Ransomware into Double Extortion Tactics The Basics of Ransomware Ransomware itself has been around for years.

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Security Roundup June 2023

BH Consulting

Target the human, swipe the cash: Verizon DBIR 2023 highlights crime trends Manage the human risk and mind your money: those are two key takeaways from Verizon’s 2023 Data Breach Investigations Report. And 95 per cent of breaches are financially motivated, the report found. When is a cybersecurity incident a GDPR data breach?

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Is The Cost Of Predictive Cyber Security Worth The Investment?

Security Boulevard

Even with the advancements in network isolation, containment, and prevention at the endpoint, hackers will still bypass predictive controls to execute malware attacks, ransomware exploits, account takeovers.etc. What Is Not Covered Under Cyber Insurance? Below is a list of adaptive controls needed for cyber insurance.