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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

The data shows how perceptions around cyber and technology risks, from ransomware and other cyber-attacks to the threats posed by AI, are changing the global business risk landscape. The economic impact of cybercrime on business across the globe continues to reach new levels, with the cost predicted to reach US$10.5

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6 Consensus Principles for Cyber Risk Governance: A Roadmap for Boards

SecureWorld News

And a report by the World Economic Forum estimates that the global cost of cybercrime could reach $10.5 They need to understand the economic drivers and impact of cyber risk, and they need to ensure that cyber risk management is aligned with business objectives. trillion by 2025. And a report by the U.S.

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Insurance and Ransomware

Schneier on Security

As ransomware becomes more common, I’m seeing more discussions about the ethics of paying the ransom. However, the most pressing challenge currently facing the industry is ransomware. Although it is a societal problem, cyber insurers have received considerable criticism for facilitating ransom payments to cybercriminals.

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Understanding Cyber Risk and the C-Suite

CyberSecurity Insiders

As a result, cybersecurity has become a top priority for organisations of all sizes, and the C-suite, including CEOs, CFOs, CIOs, and CISOs, plays a critical role in managing and mitigating cyber risk. Email remains the primary communication tool for businesses, but it also poses significant security risks.

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View from Davos: The Changing Economics of Cybercrime

Dark Reading

Participants in a working session on ransomware at the World Economic Forum discussed how planning ahead can reduce cyber risk.

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International cooperation is key to fighting threat actors and cybercrime

CSO Magazine

In this era of cybersecurity, when nation-state digital attacks and cybercrime quickly cut across country borders and create global crises, international cooperation has become an urgent priority. To read this article in full, please click here

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The Analyst Prompt #20: Attack Against Tata Power Highlights Cyber Risk to India’s Growing and Increasingly Connected Population?

Security Boulevard

Key Infrastructure and Critical Vulnerabilities: Attack Against Tata Power Highlights Cyber Risk to India’s Growing and Increasingly Connected Population. 1) In late October, Hive ransomware claimed the attack and began leaking data stolen from Tata Power on its website. (16) 12 , 13 , 15 ).