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

The Last Watchdog

London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. 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.

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The ultimate guide to Cyber risk management

CyberSecurity Insiders

Ambitious information security experts serve as a critical part of cyber risk management. This can be achieved through the use of cyber risk management approaches. This article explores the need for security and provides an overview of cyber risk assessment. Cyber risk management. Risk control.

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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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How to find, fund and fix cyber risk blind spots

SC Magazine

Today’s columnist, Sean McDermott of RedMonocle, says that companies should use the NIST 800-53 security and privacy controls to help find cyber risk blind spots. The rapid, overnight shift exposed new cyber risk blind spots and gaps unknown to security leaders or executive teams. Credit: NIST.

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7 Insights About Managing Cyber Risk You Can’t Afford To Miss

Jane Frankland

trillion in global value will be at risk from cyberattacks. When Accenture analysed 9 cutting-edge technologies that are helping to reduce cybercrime, and calculated their net savings: the total potential savings minus the required investment in each type of technology or tool, they found the figure amounted to almost USD 2.3

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Why developed countries are more vulnerable to cybercrime

Tech Republic Security

Developed nations have higher incomes, technology, urbanization, and digitalization, which are all factors for greater cyber risk, says VPN provider NordVPN.