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Cyber Insurance and the Changing Global Risk Environment

Security Affairs

When security fails, cyber insurance can become crucial for ensuring continuity. Cyber has changed everything around us – even the way we tackle geopolitical crisis and conflicts. Our reliance on digital technology and the inherited risk is a key driving factor for buying cyber risk insurance.

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4 Critical Capabilities Your Cyber Risk Management Tools Should Have

Centraleyes

However, that doesn’t mean there aren’t plenty of ways to minimize these risks. It’s important your cybersecurity teams have a cyber risk management program in place for this purpose. While you can hire the services of third-party consultants, you may lose a certain level of control over your organizational risks.

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Acrisure Broadens Platform with Cyber Services Division

CyberSecurity Insiders

.–( BUSINESS WIRE )–Acrisure, a fast-growing fintech leader that operates a top-10 global insurance broker, announced the formation of Acrisure Cyber Services. Businesses in every industry face complex cyber risk, particularly the millions of small and midsize companies comprising much of Acrisure’s client base.

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‘How can I help you today?’ Scammers dupe online support agents through live chat platforms

SC Magazine

Devon Ackerman, managing director and head of incident response for North America with Kroll’s Cyber Risk practice, said that the malicious actors behind this growing trend are “directly tied to ransomware groups” and are likely using automated scripts to seek out “Contact Us” or chat forms on the internet that they can abuse.

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34 Most Common Types of Network Security Protections

eSecurity Planet

Rootkit scanning solutions are best suited for personal devices and programs, while antimalware, antivirus, EDR, and XDR tend to be more effective at identifying and responding to malware on a business scale. In many cases, antivirus protection is included as part of a greater cybersecurity suite of solutions, such as EDR or XDR.

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NYDFS Cybersecurity Regulation: Dates, Facts and Requirements

Centraleyes

Case in Point : In 2019, First American Title Insurance Company experienced a significant data exposure incident, revealing sensitive customer documents due to a vulnerability in their document-sharing application. These include: Encryption: Encrypt sensitive data at rest and in transit to mitigate the risk of breaches.

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A Cyber Insurance Backstop

Schneier on Security

In the first week of January, the pharmaceutical giant Merck quietly settled its years-long lawsuit over whether or not its property and casualty insurers would cover a $700 million claim filed after the devastating NotPetya cyberattack in 2017. The 9/11 attacks cost insurers and reinsurers $47 billion. 11, 2001, terrorist attacks.