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The Evolving Role of Cyber Insurance in Mitigating Ransomware Attacks

SecureWorld News

Ransomware attacks have become a significant threat to organizations of all kinds worldwide, with attackers encrypting data and demanding payment for its release. In this regard, many have touted cyber insurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network.

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What Is Encryption? Definition, How it Works, & Examples

eSecurity Planet

Encryption uses mathematical algorithms to transform and encode data so that only authorized parties can access it. What Encryption Is and How It Relates to Cryptology The science of cryptography studies codes, how to create them, and how to solve them. How Does Encryption Process Data? How Does Encryption Process Data?

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Queensland University of Technology hit by Ransomware

CyberSecurity Insiders

A ransomware hit Queensland University of Technology (QUT) in the early hours of today, crippling a portion of the institute’s network from the past 5 hours. Australia’s telecom networks (Optus) along with an insurance brand(Medibank) were hit by a ransomware attack recently and now an educational institute is ready to join the list.

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Encryption debate could have enterprise security implications

SC Magazine

Facebook is among the companies that would like to incorporate end-to-end encryption to benefit users. United Kingdom Home Secretary Priti Patel is set to tell a conference of child protection activists that end-to-end encryption puts children at risk, according to a draft invitation seen by Wired UK.

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5 technologies that help prevent cyberattacks for SMBs 

Malwarebytes

This article focuses on helping to prevent cyberattacks purely through technology; though of course, businesses need a combination of technology, people, and strategy to truly become cyber resilient. That being said, security experts advise against relying solely on a single technology or technique to protect business endpoints.

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10 Personal Finance Lessons for Technology Professionals

Troy Hunt

So here it is - 10 Personal Financial Lessons for Technology Professionals. For example, the ICT industry (Information, Communication, Technology) was the 5th highest paying with an average salary of $104,874 (dollars are Aussie, take off about 30% for USD). Intro: This Industry Rocks! Banking is below that. Medical even lower.

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5 Ways Businesses Can Stay Ahead of Cybersecurity Attacks

CyberSecurity Insiders

As technology advances, cybercriminals are finding more sophisticated means to attack businesses online. Encryption and data backup. Data encryption is a protection strategy that renders data useless even when an intruder accesses it. Invest in cybersecurity insurance.