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Recent research from Hiscox even found that a fifth of businesses across the US and Europe faced insolvency as a direct result of a cyberattack. Unfortunately, transferring traditional insurance models to the cyber-sphere isn’t an easy task. Astoundingly, the cyber insurance market shrank relative to the Internet economy.
As you read the news, cyber-attacks are still on the rise and now we’ve drifted into national security concerns with the leaks about the war in Ukraine by a junior-level, 21-year-old Massachutures National Guard airman. .” To paraphrase a well-known movie from 2002, “SSE, it’s all about the PoPs.” This is good.
Overall, insurance companies seem to be responding to increased demand from clients for cyber-specific insurance, and one survey found that the two things most likely to spur a purchase of cyber insurance are when a business experiences a cyberattack and when they hear about other companies being hit by a cyberattack.
The adoption of emerging technologies like 5G will fuel the proliferation of Internet of Things (IoT) that’s often built with only a few security controls and therefore creating a larger attack surface that enterprises have to deal with., Conclusion.
1988 — The Morris Worm — Robert Morris creates what would be known as the first worm on the Internet. The potentially harmless exercise quickly became a vicious denial of service attack when a bug in the worm’s spreading mechanism leads to computers being infected and reinfected at a rate much faster than he anticipates. .
AllegisCyber Capital was founded in 1996 to serve the growing cyber business ecosystem. Named after the infamous string of nation-state cyberattacks during the late 2000s, NightDragon was established in 2016 by former McAfee CEO Dave DeWalt. AllegisCyber Capital. Insight Partners. Lightspeed Venture Partners. NightDragon.
“In 2002 I had a phone, but I had a separate piece of plastic and metal that was a camera and another piece of plastic and metal that had my music on it.” “People weren’t aware of the threat,” nor were the threats as closely interwoven with individuals lives as they are today, he said. .”
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