article thumbnail

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

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Security teams report rise in cyber risk

CSO Magazine

If you are like 80% of respondents to the Trend Micro’s biannual Cyber Risk Index (CRI) report, you expect to experience a data breach that compromises customer data in the next 12 months. Learn the 7 keys to better risk assessment. | Do you feel like you are gaining in your ability to protect your data and your network?

article thumbnail

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.

article thumbnail

[eBook] A Step-by-Step Guide to Cyber Risk Assessment

The Hacker News

In today's perilous cyber risk landscape, CISOs and CIOs must defend their organizations against relentless cyber threats, including ransomware, phishing, attacks on infrastructure, supply chain breaches, malicious insiders, and much more. One of the most effective ways for CISOs and

article thumbnail

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 275
article thumbnail

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

SecureWorld News

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. These principles are backed by research and best practices, and they can help organizations navigate the treacherous cyber landscape while driving strategic goals.