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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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News Alert: QBE North America launches new cyber insurance program with Converge

The Last Watchdog

•ConvergeElements™ offers primary and excess cyber coverage through select agents and brokers for companies with up to $100 million in revenue. ConvergeConnect™ offers primary cyber coverage through prequalified technology provider partnerships for companies with up to $750 million in revenue.

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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

Related: Atrium Health breach highlights third-party risks. One might assume top-tier financial services firms and healthcare vendors would have solved third-party cyber exposures by now. Third-party cyber risks are likely to persist at the current scale for a while longer. Uphill battle.

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MY TAKE: New ‘cyberthreat index’ shows SMBs cognizant of big risks, ill-prepared to deal with them

The Last Watchdog

Small and midsize businesses — so-called SMBs — face an acute risk of sustaining a crippling cyberattack. This appears to be even more true today than it was when I began writing about business cyber risks at USA TODAY more than a decade ago. I had the chance at RSA 2019 to discuss the SMB security landscape at length with Gill.

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SPOTLIGHT: Women in Cybersecurity

McAfee

Her work centered on helping aerospace manufacturers manage the convergence of cyber risk across their increasingly complex business ecosystem, including IT, OT and connected products. During her first few years at Booz Allen, she supported technology, innovation and risk analysis initiatives across U.S. Diane Brown.

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Toy Maker Mattel Reveals Ransomware Attack

SecureWorld News

Mattel discovered that it was the victim of a ransomware attack on its information technology systems that caused data on a number of systems to be encrypted. A forensic investigation of the incident has concluded, and no exfiltration of any sensitive business data or retail customer, supplier, consumer, or employee data was identified.

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Cyber Security Awareness and Risk Management

Spinone

In this article we will learn how to address and effectively respond to major enterprise cybersecurity threats and provide tips to mitigate IT security risk. Be On Your Guard with the Most Treacherous Insider Roles A paramount priority when addressing the threat is to distinguish the fundamental insider risks.