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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. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

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Moody’s to Include Cyber Risk in Credit Ratings

Adam Levin

The American business and financial services company Moody’s will start factoring risk of getting hacked into their credit ratings for companies. The move is seen as part of a wider initiative to gauge the risk of cyberattacks and data breaches to companies and their investors. “We’ve Read more about the story here.

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RiskLens Fast Facts on Cyber Risk in Manufacturing

Security Boulevard

best known as the maker of Ski-Doo snowmobiles, reported a cyber attack in August, 2022, that forced production shutdowns at factories in four countries for about a week after a malware infiltration from a third-party service. The post RiskLens Fast Facts on Cyber Risk in Manufacturing appeared first on Security Boulevard.

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Most commonly used PINs putting smart phones to cyber risks

CyberSecurity Insiders

To secure the device from fraudulent access, mobile operating system manufacturers are coming up with various security features, among which phone PIN is the most commonly used option. The post Most commonly used PINs putting smart phones to cyber risks appeared first on Cybersecurity Insiders.

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Stop the line: Cyber threats facing manufacturing

Digital Shadows

The cyber risk facing the manufacturing sector is likely greater at this point than ever before. The post Stop the line: Cyber threats facing manufacturing first appeared on Digital Shadows. Cybercriminals have demonstrably pivoted.

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3 Reasons Why CISOs are Prioritizing Cyber Risk Quantification

Security Boulevard

Recently, I was part of four conversations with security leaders across several industries – manufacturing, financial services, natural resources and healthcare – about some of the challenges they face with cyber risk management.

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Manufacturing’s Cloud Migration Opens Door to Major Cyber-Risk

Threatpost

New research shows that while all sectors are at risk, 70 percent of manufacturing apps have vulnerabilities.