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In this regard, many have touted cyberinsurance as the knight in shining armor, the end all-be all in terms of mitigating criminals' assaults on your network. For example, the healthcare sector, a prime target for these types of attacks , planned to spend $125 billion to defend against breaches from 2020 to 2025.
With the advent of new technologies and rising cyberthreats , 2025 promises significant shifts in the cybersecurity domain. Here are the top 10 trends to watch out for in 2025: Rise of AI-Driven Cyberattacks Cybercriminals are increasingly leveraging artificial intelligence (AI) to develop sophisticated attack methods.
CyberInsurance: US cyberinsurance premiums soared by 50% in 2022, reaching $7.2 Cyber Skills Gap: By 2025, there could be 3.5 million unfilled cyber security jobs, showing a big need for skilled professionals. Soaring Cyber Crime Costs: Cyber crime costs are expected to hit $10.5
The Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA) , signed into law in March 2022, directs the Cybersecurity and Infrastructure Security Agency (CISA) to develop regulations for covered entities to report cyber incidents and ransom payments.
They address data privacy and the escalating threat of cyberattacks targeting healthcare institutions. The new healthcare cyber regulations will go into effect in October 2025. New York’s 72-hour reporting window is significantly stricter, reflecting the need for immediate action in containing cyberthreats.
All of this makes it more difficult for organizations to protect themselves from new and emerging cyberthreats. Kimberly "KJ" Haywood, Principal Advisor at Nomad Cyber Concepts and Adjunct Cybersecurity Professor at Collin College, had this to say: "Inflation is hitting organizations harder than ever. trillion by 2025.
Cybersecurity can often feel like a game of cat and mouse where cyber attackers and defenders engage in a chase, with one party trying to outsmart the other. Just like in previous years, 2024 is set to test practitioners’ skills as the frequency of cyberthreats continues to surge leaving no room for complacency.
Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyberinsurance. Our findings highlight that cyberthreats can impact any organization, no matter its size, sector, or location.
Initial Access Broker (IAB) activity increased by 16% during the reporting period, heavily targeting US-based organizations due to perceived financial capability from cyberinsurance. Our findings highlight that cyberthreats can impact any organization, no matter its size, sector, or location.
treats ransomware as state-sponsored terrorism, countermeasures could become far more aggressive, reshaping the fight against cyberthreats. Cunningham John Paul Cunningham , CISO, Silverfort Identity-based attacks in 2024, like those on Microsoft and Snowflake, are prompting insurers to intensify scrutiny in 2025.
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