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Cyber Insurance and the Changing Global Risk Environment

Security Affairs

When security fails, cyber insurance can become crucial for ensuring continuity. Cyber has changed everything around us – even the way we tackle geopolitical crisis and conflicts. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance.

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As market for cyber insurance booms, watchdog calls for better data

SC Magazine

In a report released May 20, the Government Accountability Office looked at how the private cybersecurity insurance market has developed over the past five yearsRich Baich is global chief information security officer for insurance giant AIG. Photo by Spencer Platt/Getty Images).

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How the ransomware explosion is reshaping the cyber insurance market

SC Magazine

Today’s special columnist, Scott Register of Keysight Technologies, says government and industry must come together to secure the nation’s critical infrastructure in the wake of the Colonial Pipeline hack. The post How the ransomware explosion is reshaping the cyber insurance market appeared first on SC Media.

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Data Breach lawsuits against companies increasing in the year 2023

CyberSecurity Insiders

The 2023 Data Security Incident Response Report was compiled after gathering responses from more than 1,100 cybersecurity professionals, and it suggests that businesses’ tolerance levels have declined. Now the big question: Is there any benefit in filing a lawsuit against the technology service provider for a data breach?

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Ransomware Attack Hits Carnival Cruise Corporation: What We Know

SecureWorld News

Here is Carnival Corporation's ransomware and cyber incident statement, in full: On August 15, 2020, Carnival Corporation and Carnival plc (together, the "Company," "we," "us," or "our") detected a ransomware attack that accessed and encrypted a portion of one brand’s information technology systems. And if so, how much?

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Packaging giant WestRock is still working to resume after recent Ransomware Attack

Security Affairs

Packaging giant WestRock revealed this week that the recent ransomware attack impacted the company’s IT and operational technology (OT) systems. WestRock did not share details about the security incident, it only confirmed that its staff discovered the attack on January 23.

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Spotlight on Cybersecurity Leaders: Kip Boyle

SecureWorld News

Kip Boyle is the virtual Chief Information Security Officer (vCISO) for several companies. He helps senior decision makers overcome cybersecurity sales objections and manages unlimited cyber risks through rigorous prioritization. Kip will present a session on "Cyber Insurance for IT Professionals. "