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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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Cyber Insurance Premiums Suddenly Surging

SecureWorld News

New research reveals that a record number of organizations are buying cyber insurance policies as a tool for protecting themselves against cyber risk. However, the cost for those policies is rising dramatically as cyber insurance premiums soar up to 30% vs. the previous year. cyber insurance market.

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

Security Affairs

Cyber Insurance: US cyber insurance premiums soared by 50% in 2022, reaching $7.2 Cyber Skills Gap: By 2025, there could be 3.5 million unfilled cyber security jobs, showing a big need for skilled professionals. Soaring Cyber Crime Costs: Cyber crime costs are expected to hit $10.5

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New DHS Rules Aim to Enhance Visibility Across Critical Infrastructure

SecureWorld News

"CIRCIA is a key milestone in moving critical infrastructure towards more awareness and coordinated response to cyber threats," said John Gallagher, Vice President at Viakoo. "As As the attack surface has shifted to vulnerabilities in IoT, OT, and industrial control systems, CIRCIA acts as an accelerant to cross-industry information sharing."

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Cybersecurity threats: what awaits us in 2023?

SecureList

And IT teams should be prepared to deal with evolving threats posed by emerging technologies which are becoming widespread, such as geo-targeted phishing or attacks related to Cloud Security, IOT and AI. Yet, in addition to cyber insurance, companies will need a designated DR or RR (Rolling Recovery) plan. IoT Vulnerabilities.

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Ransomware Prevention, Detection, and Simulation

NetSpi Executives

Some can’t afford not to pay, and some are covered by cyber insurance. Should I get a ransomware cyber insurance policy? Many organizations have used cyber insurance to recover from ransomware attacks. About 1 in 4 victims pay the ransom. To date, the largest known ransom payment is $70 million.

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The Ongoing Cyber Threat to Critical Infrastructure

Thales Cloud Protection & Licensing

Over the past decade, once siloed, Operational Technology (OT) systems have become increasingly connected to the internet, as water and energy systems become powered by intelligent IoT sensors and government operations are deep-rooted in data. For many organizations, paying the ransom can be less damaging than risking any additional impacts.