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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 cyberrisks at USA TODAY more than a decade ago. You can give a listen to the entire interview at this accompanying podcast.
As cybercrime infects every facet of our daily lives, and technological advancements do little to stop the spread, many security professionals are turning to traditional solutions for a very modern problem. Enter cyber insurance. At the turn of the millennium, Lloyds of London wrote the first modern cyber insurance policy.
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 cyber attack and when they hear about other companies being hit by a cyber attack.
“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.” These days, cyber security is personal, Grant said: from corporate losses and fines to personal identity theft. Progress…at a price.
AllegisCyber Capital was founded in 1996 to serve the growing cyber business ecosystem. As a leading VC, BVP offers budding companies plenty to consider, with a set of roadmaps and tools for today’s technologies and market complexities. AllegisCyber Capital. AllegisCyber Investments. Andreessen Horowitz (a16z). EEP Investments.
Now, this is important, because thanks to Covid-19, whether you know it or not, you’re now a part of a humungous test that’s shaking the foundations of society, business, and technology. It’s as if someone has literally taken a great big highlighting pen and run it over our people, processes and technologies. On 7 August, at 10.30
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