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Moody’s to Include Cyber Risk in Credit Ratings

Adam Levin

This is to enhance our thinking about credit as cyber becomes more and more important,” said Derek Valda, head of Moody’s Investors Services Cyber Risk Group. The cyber risk for a company will be considered as part of a company’s existing credit rating with an eye toward designating a completely separate cyber risk rating.

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Is Cyber Liability Insurance Sufficient Coverage for All Cyber Risks?

SecureWorld News

For example, a policy may have a sub-limit on ransomware payments, or it may exclude coverage for certain types of cyberattacks. Third, cyber risks are constantly evolving, and insurance companies may not be able to keep up. This means that there may be some cyber risks that are not covered by your policy.

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NIST Cybersecurity Framework: A Cheat Sheet for Professionals (Free PDF)

Tech Republic Security

There’s no standard set of rules or even language for mitigating cyber risk used to address the growing threats of hackers, ransomware and stolen data, and the threat to data only continues to grow. President Barack Obama recognized the cyber threat in 2013, which led to his.

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

SecureWorld News

Cybersecurity is no longer just a technical issue; it's a strategic business enabler. A study by PwC found that 52% of companies made significant progress in improving customer trust over the past three years through strengthened cybersecurity practices. It's also about using cybersecurity to gain a competitive edge.

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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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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.

Insurance 274
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News alert: AppDirect poll reveals company leaders losing sleep over cyber risks, compliance

The Last Watchdog

Their top areas of concern include cybersecurity risk (58%), information security risk (53%) and compliance risk (39%). In fact, all of their other concerns—malware, stolen data, phishing, ransomware and misconfiguration of cloud services—include an element of human error and/or malice.